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Caught with their pants down I hope! Results on FRI and basically we have been told what is in them re eps!
more than a grands worth and they want 183 mms might be a big short of stock
Is there some kind of placing due then?
thank you for your response, i know what a RNS is. i am a little confused about the expected basic earnings per share and what this mean in the case of Sacoil
Guys, in the RNS last month, it mentioned to be cautious of dealing with these securities. Should we have anything to be worried about coming up?
i hope someone can help here. I am a little embarrassed to ask what does the RNS mean, And how come there was such a big swing? And I will go home tonight and learn about it LOL thank you in advance
out on 22nd not long to wait LOL!
More at 1.64 now tucked away! ask slightly less so maybe a sell order in background! Anyway with eps in the RNS this will move up in due course!
But level 2 not budged yet! 1 v 2 1.4 v 1.65 2 mm on 1.65 then 2 mm @ 1.85 Off the radar big time!
at 1.644 when this sinks in the trend should reverse! GL.
- basic earnings per share and headline earnings per share for the six months ended 31 August 2013 to be between 2.51 cents and 3.01 cents per share compared to a reported basic loss per share and headline loss per share of 1.64 cents and 2.63 cents respectively for the six months ended 31 August 2012.
Interesting RNS
A nice RNS , with plenty of hopeful signs . Patience is the way forward . Good Luck all who get The Sac
SACOIL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) JSE share code: SCL AIM share code: SAC ISIN: ZAE000127460 ("SacOil" or the "Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the announcement dated 12 September 2013 containing details of the conversion of the Gairloch debt to equity (the "Specific Issue") and the capital raising of up to R570 million by way of a renounceable rights offer (the "Rights Offer"). As the pro forma financial effects of the Specific Issue and Rights Offer have not yet been published, in line with the JSE Listings Requirements, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made. 25 October 2013 ENDS
Agreed , the price will be fixed in rand ,pesos or dollars . Perhaps a bit of reading on rights issues may help Bongo . The valuation is either market priced based or whatever the company needs at that point in time . Rarely above sp ,mostly at a discount . Good luck and happy reading .
i was told that the placing will be at a fixed price in rand regardless of the current sp, exchange rate and mm - as this was the only way that pic/ sa pension fund would agree to it ??
The placing will be at what the market makers decide ,of course the exchange rate is also taken into account , at the time of pricing . At the moment is looking like 1.7p Good luck
with the current exchange rate what will the price for the placing on aim? i make it 2p which does not sound right. also could the rand swing and make a diffrence if we are buying on Aim ?
Above starting price , unusual . gla@ The sack of
I agree , it`s looking ominous . Then again patience may be required . Good to see , we aren`t the only fools to rush in . gla @ The Sack
Excellent post .
This share , following the rights issue , and Gairloch equity conversion will have more going for it than at lot of the Oil listed stocks trading way higher on AIM. Remember they already have Oil on both block 233 and block 281 . At current prices all the assets are in for free, after the Gairloch conversion and rights issue the company will have almost the current share price in Cash or near cash. Doubt wether anyone will vote against conversion ... We haven't even begun to factor in , Malawi , Botswana, Congo , And the deals that the WELL CONNECTED board can bring to the table...
All the deals go through , as specified. I see no problem in this being 3.5p , even before any drilling takes place . On the other hand ,until we actually know ,caution is reasonable .
They will do if there's any volume but that's totally driven by news. Should be a 6 month trading update soon which probably won't say much, as effects of the share issue won't show until the next reporting period. So we're back to waiting waiting waiting for them to actually break the ground in either Nigeria or Congo and just pray they find oil.
Please to see this return and picking up momentum, so are the MM's gonna let this go?