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Topics - Robot 101

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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.


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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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