Author Topic: Hot Tip - BLU  (Read 2005 times)

lrdweasel

  • I've just arrived
  • *
  • Posts: 2
  • Karma: +0/-0
    • View Profile
Hot Tip - BLU
« on: October 17, 2018, 11:17:08 am »
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

  • Hero Member
  • *****
  • Posts: 579
  • Karma: +21/-0
    • View Profile
Re: Hot Tip - BLU
« Reply #1 on: October 17, 2018, 11:24:12 am »
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've just arrived
  • *
  • Posts: 2
  • Karma: +0/-0
    • View Profile
Re: Hot Tip - BLU
« Reply #2 on: October 17, 2018, 11:33:08 am »
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

  • Hero Member
  • *****
  • Posts: 964
  • Karma: +27/-1
    • View Profile
Re: Hot Tip - BLU
« Reply #3 on: October 17, 2018, 07:08:16 pm »
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"   
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Orca

  • Hero Member
  • *****
  • Posts: 2251
  • Karma: +54/-3
    • View Profile
Re: Hot Tip - BLU
« Reply #4 on: October 21, 2018, 10:26:49 pm »
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.
I started here with nothing and still have most of it left.

PlatinumWealth.co.za

  • Sr. Member
  • ****
  • Posts: 320
  • Karma: +10/-1
  • Weekend Investor
    • View Profile
    • Platinum Wealth Group
Re: Hot Tip - BLU
« Reply #5 on: October 25, 2018, 09:50:30 am »
I won't touch them. :)
www.PlatinumWealth.co.za <- South African Investment and Finance forum.

gcr

  • Hero Member
  • *****
  • Posts: 964
  • Karma: +27/-1
    • View Profile
Re: Hot Tip - BLU
« Reply #6 on: October 25, 2018, 10:05:35 am »
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Maurice

  • Jr. Member
  • **
  • Posts: 79
  • Karma: +3/-0
    • View Profile
Re: Hot Tip - BLU
« Reply #7 on: November 04, 2018, 09:50:15 am »
I have some BLU shares not many and down 50% on them.
I will keep as a long term hold.
I listened to the podcast on Techcentral and the one Levy brother came across very well but he has to be bullish.
My uninformed guess is they are changing strategy at cellc from grabbing market by price to managing the margin to getting cellc to a profitable cash generating position. So at the moment I am still a holder.

Imran

  • I've just arrived
  • *
  • Posts: 16
  • Karma: +1/-0
    • View Profile
Re: Hot Tip - BLU
« Reply #8 on: July 13, 2019, 02:20:06 pm »
Any shorter term traders around?
After all the panic selling this week around the survival of Cell C... BLU finally seems to be bottoming out again.
Tested & bounced off key support, slight RSI divergence also evident.
Possible target --> 4.50 - 5.00
Stoploss --> 3.25
Any thoughts on this trade?

PlatinumWealth.co.za

  • Sr. Member
  • ****
  • Posts: 320
  • Karma: +10/-1
  • Weekend Investor
    • View Profile
    • Platinum Wealth Group
Re: Hot Tip - BLU
« Reply #9 on: October 06, 2019, 10:13:02 pm »
Glad I did not touch them.
www.PlatinumWealth.co.za <- South African Investment and Finance forum.