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Red88

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Red88 last won the day on November 26 2018

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About Red88

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  1. Not too much negativity so far and some trading interest although movement at the low current value gives large percentage swings . Seems like the plunge to 1c is not on the cards at present. Some good news regarding acquisitions will help to spur an upward climb in the new year. Too early to call so I am holding on at the moment - not buying or selling.
  2. Red88

    ArcelorMittal

    An upturn in the industrial sector next year should precipitate a further upward movement of the share price. AM has been strengthened financially by the sale of the interest in Macsteel and should be in a position to take advantage of an increase in local demand for steel products.
  3. Thanks SB45. Like YoungInvestor, I am in this for the long term. If it did drop further I would have bought some more. As long as the business is a going concern there is a strong likelihood of a steady growth. Next year should be telling.
  4. Very little trading. Price unchanged.
  5. Red88

    ArcelorMittal

    Sale of Macsteel interest confirmed today. Shares reacted positively.
  6. Thank you SB45 for the feedback.
  7. AGM is tomorrow. Can't go but interested to see what transpires.
  8. Some movement. AGM has been scheduled.
  9. Yes I agree asking for more money at this time is a no-brainer. We need some consistency and professionalism which appears to be sorely lacking unless they are playing some game.
  10. Presumably the request has been made together with supporting documentation for the suspension to be lifted and the decision is in the hands of the JSE. Should the share price drop dramatically there will be a few eager buyers at bargain prices because it appears the equity holdings are substantial. Wait and see what happens. Should be interesting.
  11. Audited statement has been posted. Hopefully the suspension will be lifted and trading can resume.
  12. It's been a bumpy road let's hope we can trade the shares again soon.
  13. Have they missed the deadline? Maybe they did submit and all will be revealed in due course. if the share price drops and the company has a future - time to buy.
  14. It's still on the board so JSE has not pulled the plug for some reason.
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