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Hot Tip - BLU

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lrdweasel:
Morning All,

Wanted to see if anyone has an opinion on BLU (Blue Label Telecom). I've recently received a report off a mate at a investment firm (won't disclose who but they very reputable) and they
are hearing some interesting rumours related to the business. There has also been a report published by a hedge fund who are very bullish on BLU, in summary it looks like this could be a diamond in the rough and could easily go to R10-15 a share at a minimum.

I'm thinking of jumping in huge based on what I'm hearing.

Anyone heard anything?

Mr_Dividend:
No. But the way you've phrased it sounds like YOU trying to pump the share. Good luck!

But buying into Cell C was a massive mistake - they should try get rid of it ASAP - as they really seem to know what the doing in selling air time.

lrdweasel:
I wish I could Pump the share! Don't have any position yet, but just looking for some outsider opinion on BLU and if anyone has a view on them. The report is pretty detailed and recons they massively undervalued if you consider the assets and business in Mexico etc. The numbers stack up so I can see why this might be a good investment.

CellC is getting restructured, from what I have heard there is some talks about foreign investment. But BLU is heavily exposed to CellC so they need to either get out or know
something we dont. There has been some large purchases of shares over the last 2x weeks and they are a recommend buy from two analysts.

Thanks for you're input

gcr:
The big shareholders of BLU are Allan Gray 19.46%; Shotput Investments (PTY) Ltd 14.83%; and Levy BM 12.52%; Levy MS 11.42%. The interesting aspect here is Shotput as this is a private company but directors are not listed - if you had access to CIPC you could determine who the directors are. There is a reasonable assumption on my part that you may well find the directors at Shotput are also directors at BLU - if so then they combined own +/- 38% of the shareholding and could well sway market direction. Also if you look at sens notifications then directors have been buying up shares, and the Levy's converted contracts for difference in September 2018
So do your homework before you dive into this "rumour"   

Orca:
BLU has been in a confirmed bear run for a long time with no indication of a reversal. Until there is a confirmed reversal with the appropriate signals I would not touch it. I am not saying it is a bad choice as most SA stocks have been in a bear run for 4 years.

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