RA offering shares

PHUMELELA GAMING AND LEISURE LIMITED - PHM
1601 -179 (-10.06%)

Big nose bleed.

Jurgs wrote: PHUMELELA GAMING AND LEISURE LIMITED - PHM
1601 -179 (-10.06%)

Big nose bleed.

.....wonder who from that clique will be able to look their fellow R A members in the eye tonight...those that were roped into the share offer are going to be pretty miffed..... :oops:

Jurgs wrote: PHUMELELA GAMING AND LEISURE LIMITED - PHM
1601 -179 (-10.06%)

Big nose bleed.

the volume is only 20 000 shares and being a small cap it hardly ever trades so the vicious movements are not much of a concern

Let the games begin....... :dry:



I wonder if this isn't the start of racing being nationalized...... :whistle:

pirates wrote:

Jurgs wrote: PHUMELELA GAMING AND LEISURE LIMITED - PHM
1601 -179 (-10.06%)

Big nose bleed.

the volume is only 20 000 shares and being a small cap it hardly ever trades so the vicious movements are not much of a concern

watch this space Pirates, the investment community are no fools like so many in the racing community

jurgs the majority of the shares are held by the ra and the board directors so i cannot see much volume being traded

pirates wrote: jurgs the majority of the shares are held by the ra and the board directors so i cannot see much volume being traded

Therein lies the problem.....

a massive volume might be dumped.

anyone want to buy Steinhoff shares. Its trading at below R18.00
R117 billion has been wiped of the value of stock.

I agree Pirates

The problem that they have is holding shares does not translate to "value" and the willing buyer willing seller principle applies.

I believe that many of the corporate investors in Phumelela will follow the Steinhoff route and unbundle. Everyone is risk adverse these days and for an Allan Gray or similar to take a small bath is not uncommon.

I feel for the RA members who have been sold down the river. The year holding period was a very clear condition, put in by people who had clear knowledge of the risks.

Not exactly the up to date figures, but close enough:

Shareholder Percentage
The Thoroughbred Horse Racing Trust 27,185,164 35.26%
Kantor B 5,254,000 6,81%
Sanlam 4,925,415 6.39%
Gride Investments (Pty) Limited 3,880,887 5.03%
Dihla Investment Holdings (Pty) Limited 3,752,913 4.87%
Yerranzano Property Investments Limited 3,689,596 4.79%
Vela Phumelela Investments 3,500,000 4.54%
Du Plessis WA 2,805,657 3.64%
Rand Sporting Club (Pty) Limited 2,576,400 3.34%
Jooste MA 2,476,792 3.21%
Truffle 2,468,534 3.20%
TOTAL 62,515,358 81.01%

Jurgs you having a good day today why you worry so much about R / A members who buy shares long term in any case .

Len Sham wrote: Jurgs you having a good day today why you worry so much about R / A members who buy shares long term in any case .

Len I am having a fantastic day. This has been a long time coming and is well deserved to your mates that have systematically fed at racings through.

I feel sorry for those that will lose out to greed through no fault of there own/

....no one likes to be sold a lemon......especially when you are locked in for the "long" term...... :oops: