Author Topic: Metair. Titan or Titanic?  (Read 34248 times)

Orca

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Re: Metair. Titan or Titanic?
« Reply #30 on: February 10, 2014, 05:50:34 pm »
So in 5 weeks time MTA will be trading at a nice fat discount to it's SP?

Public Investment Corporation, Investec and Coronation have made major acquisitions in Metair long after MTA made this announcement in a SENS. They all understand why the HEPS will be very low as do most of the major investors.
The FY report ended end Dec before their R207B Turkish acquisition could add to profits.
So it might be priced in. 
I started here with nothing and still have most of it left.

Orca

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Re: Metair. Titan or Titanic?
« Reply #31 on: February 12, 2014, 05:59:13 pm »
Hotstoxx chose MTA as Extremely Hot to Hot yesterday.  :TU: Saw it myself on TV.
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Delusionsofgrandeur

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Re: Metair. Titan or Titanic?
« Reply #32 on: February 19, 2014, 01:19:10 pm »
Unfortunately they have not made that video available online,searched high and low.Also,Metair went beyond R45 today  :wall:.Wanted to buy more,but Ill wait till it comes under R45 if it does.

Orca

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Re: Metair. Titan or Titanic?
« Reply #33 on: August 13, 2014, 07:12:38 pm »
I've been expecting this for a long time. This is not purely an auto company and should not be seen as such. Even if we don't buy new cars, we will still need batteries and other spare parts to keep our old cars running not so?
Soon it will become compulsory in many countries to have their start/stop batteries fitted to all new cars for greener emissions.
Then their ultra reflective street lamps will slowly take off worldwide as they use lower wattage globes.
This can only be a future tytan stock for years to come especially once the loan has been paid off.
Watch this space.
I started here with nothing and still have most of it left.

Luna

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Re: Metair. Titan or Titanic?
« Reply #34 on: August 14, 2014, 07:39:09 am »
Refinancing of Metair’s Bridge Loan Facilities

Metair Investments Limited
(Registration number 1948/031013/06)
(Incorporated in the Republic of South Africa)
Share Code: MTA       ISIN: ZAE000090692
(“Metair”)


REFINANCING OF METAIR’S BRIDGE LOAN FACILITIES



On 12 August 2014, Metair, acting through its two wholly owned subsidiaries, Inalex Proprietary

Limited and Nikisize Proprietary Limited, entered into formal agreements for the refinancing of the

facilities extended by Absa Bank Limited (“Absa Bank”) for the acquisition of the Turkish battery

manufacturer, Mutlu Aku Ve Malzemeleri Sanayii Anonim Sirketi by way of the issue of preference

shares in an aggregate amount of ZAR 1.4 billion (“Refinancing”).



The preference shares carry a dividend rate of 69% of the South African prime rate, nominal annual

compounded monthly, and are redeemable over a period of 5 years commencing no earlier than 3

years and 1 month from the date of issue.



The Refinancing includes a revolving credit facility, which will be used for general corporate purposes.

The revolving credit facility has a tenor of 5 years and attracts interest at 2.05% over the ruling

Johannesburg Interbank Agreed Rate.



The Refinancing is subject to the fulfilment of conditions precedent customary for transactions of this

nature. These relate to formalities prescribed in the Companies Act, 71 of 2008, as amended ("Act")

regarding financial assistance and verification of each borrower and guarantors' incorporation and

authority under the Act and their respective Memorandums of Incorporation, save in respect of off-

shore subsidiaries where compliance with the relevant laws of each jurisdiction has been verified and

the necessary approvals have been obtained. These are expected to be fulfilled imminently.



Standard Bank Limited (“Standard Bank”) will subscribe for the entire preference shares issue and

Absa Bank, Investec Bank Limited, and Standard Bank have committed to the revolving credit facility.


Through the Refinancing, Metair achieved its objective of securing funding at very competitive rates

and a structure which will provide it with the necessary flexibility in pursuing future strategic

opportunities.



Johannesburg

13 August 2014



Advisor, Global Coordinator, and Bookrunner:

Absa Bank Limited, acting through its Corporate and Investment Banking Division



Attorneys to Metair:

Tabacks Corporate Law Advisors



Legal counsel for Absa Bank, in its capacity as arranger of the financing:

Webber Wentzel



Sponsor to Metair:

One Capital

Date: 13/08/2014 05:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Delusionsofgrandeur

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Re: Metair. Titan or Titanic?
« Reply #35 on: September 24, 2014, 11:15:56 am »
Metair is down around 10% since the latest results.You guys still holding?

Orca

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Re: Metair. Titan or Titanic?
« Reply #36 on: September 24, 2014, 12:32:38 pm »
She may only go lower if the markets do. No ways will I sell this one. Did you realize that it is only me and you here today? It is a public holiday there and they all drinking beer and braaing. National braai day.
« Last Edit: September 24, 2014, 12:37:03 pm by Orca »
I started here with nothing and still have most of it left.

gcr

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Re: Metair. Titan or Titanic?
« Reply #37 on: September 24, 2014, 09:21:46 pm »
Yup - I'm still holding as well. Not sure why the market has hammered them, as the results were acceptable. HEPS was down 16% but this is only as a result of them issueing shares to buy Mutlu Turkey - they issued 46.4 million shares. Also seems that best results are the 2nd half of the year. Also in December 2013 the PIC increased its holdings in MTA to 7.112%
Methinks that investors are a fickle bunch

Hey Orca how about an update in your settling process, everything going smoothly, no more fights over water??
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Orca

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Re: Metair. Titan or Titanic?
« Reply #38 on: September 25, 2014, 11:53:04 am »
There are no support lines for MTA other than the Fib and she is bouncing along it quite nicely. Up 2.1% today.
I started here with nothing and still have most of it left.

Orca

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Re: Metair. Titan or Titanic?
« Reply #39 on: October 20, 2014, 05:10:26 pm »
 Rather belated turnaround but there goes my ten bagger. Great SENS out today. This must surely be the next CML.
I started here with nothing and still have most of it left.

Orca

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Re: Metair. Titan or Titanic?
« Reply #40 on: October 30, 2014, 11:46:47 am »
Public Investment Corporation PIC purchased 13.3% of MTA's shares in issue. After PIC's blunder with ABI, they had to pick a winner to make up the loss.
By the way, PIC also bought 10.2% of CML shares recently. I think PIC is watching my portfolio.  :LHST:
I started here with nothing and still have most of it left.

JDP

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Re: Metair. Titan or Titanic?
« Reply #41 on: February 24, 2015, 10:41:01 pm »
So i received the following Trading Update from Merchantec in relation to the Metair share price stating the it is "At Value"

What do you guys think?


Orca

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Re: Metair. Titan or Titanic?
« Reply #42 on: February 25, 2015, 12:15:45 am »
This was my 10 bagger stock but seems that the investors are spooked by their Mutlu acquisition. Turkey is in political turmoil and surrounded by countries like Syria and Iraq where ISIS is wreaking havoc. Their Romanian Rombat  acquisition is no better.

Apart from this, I cannot see the share price plummeting due to the Eskom saga. They also manufacture solar panels, UPS's, and the like.
 
« Last Edit: February 25, 2015, 12:25:54 am by Orca »
I started here with nothing and still have most of it left.

Orca

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Re: Metair. Titan or Titanic?
« Reply #43 on: May 18, 2015, 12:50:50 pm »
Slowly reaping the rewards of holding on. Back in profit now since the trend change. The Bollinger Bands are narrowing so expect another sharp movement soon.
PIC and CML hold huge chunks of MTA stock so this is good for them too.
I started here with nothing and still have most of it left.

Orca

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Re: Metair. Titan or Titanic?
« Reply #44 on: August 19, 2015, 02:34:43 pm »
Not sure what to think of this one any more. The Russian ruble has halved in value against the dollar over 2 years and had to cut imports. This plus the fact that the past 2 winters were mild affected battery sales at Rombat and Mutlu.
I will hold on though. 
I started here with nothing and still have most of it left.