intersting17 Jun 2016 12:59
cashmachine2 17 Jun'16 - 10:13 - 393 of 394 0 0
Guys.
After doing a lot of digging, research, calls and emails I believe the following will unfold here and I also know an approach has been made regarding the remaining shares of KBE.
As we know ERD controls Engel General Developers which holds 68.35% of Kimberley. Engel Group is the holding company http://www.engelinvest.com/activities/real-estate/
The contracts that Engel Group are involved in run into the billions and I believe an announcement will be forthcoming regarding Engel General Developers acquiring the remaining 31.65% of KBE of which 6.44% is already owned by Real Property Investments.
Engel Group plan to put several substantial contracts through Engel General Developers and will utilise the significant tax losses accumulated by KBE over the past few years.
I believe that's why there's a new market maker on the block and why there was a concerted attack to keep the share price low.
An offer is coming - that I have no doubts...and why the Morris family are in bed with Eli Gabay holding 28.4% of KBE.
The board of Kimberley have no option but to now come clean because there has been an approach...
To cast a spot light on the situation with KBE the Morris Family are potential beneficiaries of Real Property Investments that hold 5,655,732 shares in Kimberley and beneficiaries of GBES that holds 21.9% of KBE giving them 28.4% interest in Kimberley.
Eli Gabay holds an interest of 21.9% interest in KBE through holding 30.9% of ERD.