The JSE and finance forum for South Africa
General Category => Shares => Topic started by: Robot 101 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
-
I paid 1 rant for mine.... :'( before suspension. Will be glad to get rid of them. :wall:
-
I guess 1 SA Rond as your in price is a lot better than most out there - Good luck on Wednesday !
-
After the disaster with African Bank, why would anyone want to invest (buy more shares) in the new entity? I wouldn't touch it with a ten foot pole.
-
I wont touch them
-
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 !!
-
Yip, I can. It is my money ;)
-
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 !!
"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 "
Still won't touch them.
-
http://www.sharenet.co.za/v3/sens_display.php?tdate=20170131163900&seq=40
-
Sold mine @ 43c . . . . . . glad I am out. . . . :'(
-
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 !!!!!
-
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 !!!!!
100% Agreed.
With that said, ordinary shares where do you see it going in the next 6 months?