is that for me or S?? i juts invested at R1.25 ..and looking good @ R1.46 now..16% in a week
reason i went in ...think its offers solid value for 2 years most....and now talk of share buy back....Fair value in my books R2.00 ( although some value it much higher) where i will sell... Just one of those small caps hated by the market at moment..They hate all small caps...So i need to be carefull not to be at wrong end of a portfolio manager offloading...hence ill take R1.90/R2.00 anytime
Morning.
Believe me you would know very quickly if the above was to take place...A more likely scenario is contacting them directly & asking who wants a load as in millions.
That's 1 of the biggest issues for this ticker & yes it works both ways you can't accumulate\dis-invest without moving the price considerably. Volume here is so restricted. Further down the thread is the main reason it doesn't get over R2 for any amount of time & until those 10 or so mil shares are sold we stagnate.
There's many reasons to hold & the only reason not to is the R2 barrier that long-timers like me so wish for.....After R2 it'll hit the f$ckin' moon....
It's all on this thread
It's all your own decision though.
Have a great day all....