The JSE and finance forum for South Africa
General Category => Shares => Topic started by: jaDEB on June 20, 2016, 10:08:14 am
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Risky business
I am going to use this thread to look at risky investments, i.e. PPC, LON, MTN etc.. Please feel free to add.
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:question:
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PPC - market value 4Bil, need to raise 4Bil (Rights issue) :question:
MTN - Fine down to 1.6 Bil $, over 3 years, new CEO, Nigerian moola down 40% against dollar :whistle:
LON - Just sold mine 114% up. :TU:
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LON Down to R38.
South Africa's Amplats warns H1 profit to fall at least 20 pct
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BSI Steel
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NUT
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NUT
JOB..
Seriously though, I think this not even worth gambling money. NAV is 1.2c and it loss making...no real margin of safety.
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Thanks, appreciate the advice. Just building up a list ::) , was going to buy PPC Yesterday, but my broker is not in.... maybe a sign :question:
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Thanks, appreciate the advice. Just building up a list ::) , was going to buy PPC Yesterday, but my broker is not in.... maybe a sign :question:
Well, perhaps do some research anyway to convince yourself...I have not looked at it in detail, but a 1c share is normally 1c for a reason.. good luck with your others. I do not like PPC as a business, but could be a short term trading opportunity.
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HLM
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I am also thinking about doing a little trading - but not looking at distressed companies - whole catching a falling knife thing - more looking at fairly liquid small caps that are very volatile. Thinking some of the junior miners, CSG, GPL ect. Trying to catch 15 - 20% over a few weeks, sell, repeat. - But being prepared to hold for a few months and maybe having a SL at around 10% or so.
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NUT
BEG
Seems to be doing the same thing as NUT, one day 2c a share, next day 3 cents a share... buy @ 2c, tomorrow sell @ 3c...
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BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
(“Beige” or “the Group”)
ISIN Code: ZAE 000034161 Share code: BEG
UPDATE ON DELISTING AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement released on SENS on 13 May 2016
and are advised that the intended offer price is R0.03 per share. A firm intention
announcement containing the full details of the offer and scheme of arrangement will be
published once the offeror has obtained the required confirmation of funds.
Accordingly, shareholders are advised to continue to exercise caution when dealing in the
Group’s securities until such time that a full announcement is issued.
Johannesburg
22 June 2016
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KIO.
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I know it's not on the JSE, but on the NYSE, but how about something like this:
http://www.bloomberg.com/quote/NUGT:US
year to date return: 311.61%
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and this one sitting @ YTD 424.38%
http://www.bloomberg.com/quote/JNUG:US
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OK, and the winner is drum roll ... .... ...
KIO ... bought @ , R90.38 :TU: :-*
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Thank goodness KIO won, if I took PPC would have been crying....
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:TU:
TRADING STATEMENT
Despite a tough trading environment, particularly in the local market which
has been impacted by depressed economic conditions and competition from
imports, and a slow first quarter in both domestic and export markets,
sales volumes for the six-month period ended 30 June 2016 have improved
considerably on growing production volumes.
The improved volumes and a significantly weaker Rand have assisted the
Company to remain cost competitive in the face of lower international
selling prices in general which have prevailed since the fourth quarter of
2015.
Consequently, shareholders are advised that Hulamin expects earnings per
share (“EPS”), headline earnings per share (“HEPS”) and normalised EPS for
the six months ended 30 June 2016 to be within the ranges shown below:
30 June 2016 30 June 2015
Expectation (cents) and Reported (cents)
percentage increase
EPS 46(92%) – 50(108%) 24
HEPS 46(84%) - 50(100%) 25
Normalised EPS 46(77%) – 50(92%) 26
The financial information on which this trading statement is based has not
been reviewed and reported on by the Company's external auditors.
Hulamin's results for the six months ended 30 June 2016 are expected to be
released on the Stock Exchange News Service on or about 25 July 2016.
Pietermaritzburg
11 July 2016
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uPDATED lIST: -
MTN
HLM
CCO
PPC
ACL
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Sold KIO, Bought DRD
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BSI Steel :question:
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OK, bought/Sold
LON - Positive outcome
KIO - Positive outcome
DRD - Negative outcome
Currently have PPC - Positive
Looking at LON, but I think that might be foolish.....
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LON
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PPC vs ACL
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Rather than risky - I would say that it was crazy not to get out of PPC in late 2014 at latest. In this instance charts tell you nothing of the impending disaster which actually started around 2011/2 with other producers muscling in on their turf and that they took forever to get their new CT factory up and running
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Agree, but I bought small qty at low price.... only 2% of port