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Stock Watch Thread
(02-16-2017, 08:57 PM)Groovy Wrote: Murray and Roberts skyrocketed today, does anyone know what's going on? should we expect a SENS from them soon?
No idea.

I saw this sens yesterday

http://www.sharenet.co.za/v3/sens_displa...000&seq=20
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(02-16-2017, 10:02 PM)Spreadsheet Ranger Wrote:
(02-16-2017, 08:57 PM)Groovy Wrote: Murray and Roberts skyrocketed today, does anyone know what's going on? should we expect a SENS from them soon?
No idea.

I saw this sens yesterday

http://www.sharenet.co.za/v3/sens_displa...000&seq=20

hmmm , So the market reacted late to that sens. I don't know what to believe these days, lately insider trading has been rampant in the JSE, The JSE group needs to do better in catching these culprits

(02-16-2017, 10:41 PM)Groovy Wrote:
(02-16-2017, 10:02 PM)Spreadsheet Ranger Wrote:
(02-16-2017, 08:57 PM)Groovy Wrote: Murray and Roberts skyrocketed today, does anyone know what's going on? should we expect a SENS from them soon?
No idea.

I saw this sens yesterday

http://www.sharenet.co.za/v3/sens_displa...000&seq=20

hmmm , So the market reacted late to that sens. I don't know what to believe these days, lately insider trading has been rampant in the JSE, The JSE group needs to do better in catching these culprits
Yea insider trading was my first thought as well but them again we might just be out of the loop.
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Any more news about Pembury Group Limited, when the listing will take place in February? Will there be an IPO? Something?

(02-17-2017, 08:06 AM)Purply Wrote: Any more news about Pembury Group Limited, when the listing will take place in February? Will there be an IPO? Something?

@Purply I haven't heard any update about the Pembury listing, maybe they've postponed? or management got jitters

(02-17-2017, 08:06 AM)Purply Wrote: Any more news about Pembury Group Limited, when the listing will take place in February? Will there be an IPO? Something?

I have not heard anything through the grapevine yet, but will keep an ear out. 

@Groovy With Kaap Agri listing now I see Zeeder's price is already up, I wonder in this case if it would be wise to go to Zeeder or directly to Kaap Agri?

I think Kaap Agri is around R3bn market cap so definitively not a small company by any means imagine now when they list.

Then this Murray & Roberts thing is bothering me, because if there is a sens announcement which there will be I am sure of it, then the JSE will just play it off like nothing dodgy has happened.

JSE Finance Forum Attachment - Filename: 2017-02-17_8-30-00.jpg   

There is no reason for that jump to have happened unless someone knew something the public does not.

JSE Finance Forum Attachment - Filename: C4zzeNKWIAQMNEs.jpg   
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We are expecting a half year earnings release from Billiton on the 21st of this month. 2016’s full year results were dismal; with the group reporting a first time attributable loss, cutting the dividend by 77%. The Samarco dam disaster was a blemish on the income statement, resulting in a $2.2bn after tax loss. Given the groups exposure to a range of commodities, in particular that of petroleum, iron ore and copper (collectively contributing over 60% of the groups revenue) with the subsequent weakness these products experienced up until a rebound in their prices through the second half of last year, we could see an improved set of half year results.
 
Despite the poor full year results for 2016 the share price still managed to climb over 68% from the eight year lows last seen in November of 2008. Currently the share price looks to be consolidating with the recent pullback coming on the back of lower volume. The oscillator denotes a move out of oversold territory and back into a neutral area, denoting a pick up in momentum. The price action is line with what technicians would consider a bullish flag formation with a bias to the upside after an extended upward trend. Aggressive buyers will be looking to get in closer to around the horizontal support at 22300c with a potential stop loss just below 21558c. A confirmation of the bullish move would be considered with a close of the share price above the diagonal resistance line at 23170c. The upside targets for the breakout would be considered at 24400c and 25500c in extension.

JSE Finance Forum Attachment - Filename: BIL 17022017.png   

Very tempting Leigh, very tempting indeed.

Meanwhile I see Murray and Roberts released a market update to discuss yesterday.....

MARKET ACTIVITY IN MURRAY & ROBERTS ORDINARY SHARES

The Company notes the unusually high trading volumes in Murray & Roberts ordinary shares traded on the securities exchange operated by JSE Limited (“JSE”) during the course of yesterday, 16 February 2017. According to market data, approximately 96 million Murray & Roberts shares traded, equivalent to approximately 22% of the Company’s total issued ordinary share capital and the volume weighted average price of Murray & Roberts’ shares traded yesterday was R14.91, with a high price of R15.00. The Company notes that these trades were executed at prices well above both the volume weighted average prices of Murray & Roberts shares over the 30-day and 60-day periods
to 15 February 2017 of R11.19 and R11.38 respectively which were sourced from market data.

The Company is not currently aware of anything that could have led to this unusual market activity. The identities and/or intentions of the acquirer(s) of Murray & Roberts’ shares are not known to the Company and will not be known unless the acquirer either approaches the Company directly or is required to notify the Company in terms of section 122 of the Companies Act, 71 of 2008 (“Companies Act”). The Company has not yet been notified by any sellers of Murray & Roberts’ shares who may be required to do so in terms of section 122 of the Companies Act.

Cant understand the move on that stock yesterday. Traders on our desks are all looking puzzled. Could be a nice short if it dips below 15

(02-17-2017, 10:50 AM)Leigh Riley @ IG Wrote: Cant understand the move on that stock yesterday. Traders on our desks are all looking puzzled. Could be a nice short if it dips below 15

PIC owns or owned roughly 12% of MUR perhaps they are involved somehow?

I see MUR issued a sens claiming they do not know anything about this mystery http://web.murrob.com/murrob_test/inv_sens.asp

I see @SimonPB posted this:

So 22% of MUR changed hands yesterday, here's the shareholder list .. Has to be one of the biggies selling?

JSE Finance Forum Attachment - Filename: C42cDBeUMAAn6y6.jpg   

I am very interested to see what the story is here.

JSE sees no wrong doing. Trades >5% must be reported within 3 business days to MUR.  MUR to announce on SENS w/in 48hrs of being notified

JSE Finance Forum Attachment - Filename: C43RgNTWMAEOaB-.jpg   
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$JSEMUR SENS confirms that coronation was one of the sellers and no longer holds any shares in the issued ordinary capital #JSE

http://66.8.16.130/SENS_20170217_S381566.pdf
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(02-17-2017, 03:04 PM)Platinum Wealth Wrote: $JSEMUR SENS confirms that coronation was one of the sellers and no longer holds any shares in the issued ordinary capital #JSE

http://66.8.16.130/SENS_20170217_S381566.pdf

I guess there share price will now drop drastically since if Coronation no longer seems value why would we?

(02-17-2017, 08:31 AM)Spreadsheet Ranger Wrote:
(02-17-2017, 08:06 AM)Purply Wrote: Any more news about Pembury Group Limited, when the listing will take place in February? Will there be an IPO? Something?

I have not heard anything through the grapevine yet, but will keep an ear out. 

@Groovy With Kaap Agri listing now I see Zeeder's price is already up, I wonder in this case if it would be wise to go to Zeeder or directly to Kaap Agri?

I think Kaap Agri is around R3bn market cap so definitively not a small company by any means imagine now when they list.

Then this Murray & Roberts thing is bothering me, because if there is a sens announcement which there will be I am sure of it, then the JSE will just play it off like nothing dodgy has happened.



There is no reason for that jump to have happened unless someone knew something the public does not.

@Spreadsheet Ranger R3bn market cap they won't come cheap, what took them so long to get on the main board or why list now after being an O.T.C share for so long

As for Murray and Roberts, only time will tell because we all know the JSE won't.






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