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Messages - Robot 101

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Shares / Re: ABIL - now African Phoenix - Listing 1 February 2017
« on: February 03, 2017, 10:13:42 am »
Interesting how on some forums - investors are confused as to what the shares (AXL) are worth - and think that they can add the Preference Share Capital to the Ordinary Share Capital - and hence they think that the Ordinary share is cheap at 40-60c. Why would you want to pay more for cash than NAV - the NAV is around 36c - this should be discounted and therfore once the short squeeze is over the share will drift down into the 25-40c area

As for the Prefs (AXLP) - well they need to know when they are to be paid their first dividend !! - At R30-R40 they are priced for no dividends for the next 4-5 years !!!!!

Off topic / Live chat
« on: February 01, 2017, 11:43:45 am »
ABL now AXL trading at 50c

Shares / Re: ABIL - now African Phoenix - Listing 1 February 2017
« on: January 29, 2017, 03:40:35 pm »
And that is why we call it a market - constant price discovery - opposing views and often "anchoring"

Amazing how people anchor the olde ABIL - and therefore will not touch them despite new directors, new strategy, no bank and over R1.5bn cash on consolidated Balance Sheet 

So what if the preference shares (AXLP (ABLP previously)) in a months time are trading at R24 and the company resumes paying dividends related to Prime of say R 8 p.a

- that's a yield of 33% - and the main shareholders remain Allan Gray, Coronation and PIC - one cannot say I will never touch that share again !!

Introductions / Robot 101
« on: January 27, 2017, 03:00:56 pm »
I am new on the forum - have over two decades of equity investment experience both professionally and managing my own money - believe and know that it is difficult to beat the market - but am still passionate about it.

Best wins in the last  10 years have been Supergroup, Brait and Gemfields and am constantly looking for the next.

Shares / Re: ABIL - now African Phoenix - Listing 1 February 2017
« on: January 27, 2017, 02:50:57 pm »
I guess 1 SA Rond as your in price is a lot better than most out there - Good luck on Wednesday !

Off topic / Live chat
« on: January 27, 2017, 02:31:05 pm »

Shares / ABIL - now African Phoenix - Listing 1 February 2017
« on: January 27, 2017, 01:32:24 pm »
ABIL name change, new codes and listing date have been announced 1 February 2017
ABL (Ordinary Shares) and ABLP (Preference Shares) were suspended at 31c and R7.80 respectively and on Wednesday will be AXL and AXLP

The latest reported NAV for ABL is 35.7c (bizarrely close to its suspended price just a fluke !)
I expect the ABL now AXL to trade at or close to this NAV ie around 36c give or take 25% above or below.
Interesting I have seen other forums state that ABL now AXL will trade at over R2.00 - highly unlikely !!

The ABLP now AXLP nominal value is around R83.50 as there is no mention of resumption of dividends it is very difficult to know where the pricing will settle I think it will be somewhere between
R25 and R55 (upside of 220% to 600%) and if buybacks commence and or if dividends commence within say 2 years it should gravitate over R60

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