Purply

I read a few articles this weekend with various predictions, most of them pointing towards growth, everyone aiming for R8.50 after which the next target of R15 can be obtained. This merger sounds like it could be very beneficial for shareholders, would be interesting to see how this affects the share price today. I'm remaining positive

Detailed Cautionary Announcement in Relation to the Proposed Merger of PPC and AfriSam Group Proprietary Limited PPC Ltd (Incorporated in the Republic of South Africa) (Company registration number: 1892/000667/06) JSE Code: PPC ISIN: ZAE000170049 ("PPC" or the "Company") DETAILED CAUTIONARY ANNOUNCEMENT IN RELATION TO THE PROPOSED MERGER OF PPC AND AFRISAM GROUP PROPRIETARY LIMITED INTRODUCTION Shareholders of PPC are hereby advised that the Board of Directors of PPC and the Board of Directors of AfriSam Group Proprietary Limited (“AfriSam”) (collectively the “Parties”) have entered into a Heads of Terms to assess the merits of a potential merger between the two groups (“Proposed Merger”) and to enter into formal discussions in this regard. The Parties have independently concluded that current market circumstances, warrant entering into formal discussions to consider the Proposed Merger. As part of such discussions, the Parties will jointly assess the value that they believe can be realised for the shareholders of PPC and AfriSam if the Proposed Merger is implemented, which the respective Boards of Directors believe may arise from the following: i) The creation of a South African-owned cement producer that is financially stronger, operationally more efficient and has deeper technical capability; ii) The merged entity being able, by virtue of such enhanced capabilities, to invest in future growth opportunities; iii) The merged entity being significantly empowered, given that Phembani Group Proprietary Limited (a major shareholder in AfriSam) and other empowered investors (including PPC’s existing broad-based black economic empowerment (“B-BBEE”) shareholders) will own a significant share of the merged entity. This will be in addition to PPC’s announced intention to implement a further B-BBEE ownership transaction (“PPC’s Proposed B-BBEE Transaction”); iv) Globally the cement market is dominated by multinational and regional players. The merged entity will be well placed and have the balance sheet capabilities to develop as a major African cement producer, given its complementary production assets in six African countries outside of South Africa; v) Synergies which might arise from a combination of the parties’ operations. As part of the assessment of the Proposed Merger, and as a condition to agreeing to pursue the Proposed Merger, the following will be required: i) The Parties being satisfied that, after closing of the Proposed Merger, the merged entity will have similar levels of gearing to PPC with sufficient financial liquidity; ii) Agreement by the Parties on the merger ratio; iii) The Parties confirming their preliminary view described above that the merged entity will be significantly empowered, including being satisfied with the potential impact of the Proposed Merger on PPC’s Proposed B-BBEE Transaction; iv) Agreement between the Parties in respect of any potential competition law considerations associated with the Proposed Merger; and v) Each Party separately conducting, and being satisfied with the results of, a due diligence concerning the business, assets and liabilities of the other; and vi) Ultimately, agreement that the Proposed Merger is likely to deliver compelling benefits for all stakeholders. The Parties will communicate the outcome of the assessment of the above considerations. CAUTIONARY The discussions between PPC and AfriSam regarding the Proposed Merger, if implemented, may have a material impact on the price of the Company’s shares. Accordingly, shareholders are advised to exercise caution when dealing in securities of the Company until such time a further announcement is made. A live investor and analyst conference call will be held at 08:30 (SAST) this morning. PPC CEO Darryll Castle will briefly address investors and analysts and then open the floor to questions. Live dial-in details: South Africa: 011 535 3600 or 010 201 6800 International: +27 11 535 3600 or +27 10 201 6800 Ask to be joined to the PPC investor and analyst conference call. Up until three days after the conference call, a recording will be available to investors and analysts that are unable to participate on the live conference call.

I know we are all hyped about the launch of ZARx , however, now that I think about it, wouldn't this dilute JSE investments ie:... people going half JSE and half ZarX ?

Holy smokes, this is AWESOME news! It's finally going to happen YAY

That is crazy high, kumba probably going to climb even further now. It's amazing how the Iron Ore price has recovered. I remember it being around $35 a year or so ago.

And then in typical South African fashion nothing happened.

Nice article on MTN http://www.southafricanmi.com/blog-9feb2017.html

That's one old newspaper, probably the day before Brexit

Are we expecting some trading update or news from TAS anytime soon? Bugger, I see now EE is limiting me to R4353 on TAS. That's not even worth looking at then

Yes, yes it is, 441 soldiers ready to shoot Zuma in his fat face. OR... He will kill the opposition today, literally and figuratively. So devious, I LIKE IT!

Yes, yes it is, 441 soldiers ready to shoot Zuma in his fat face.

I'll wait for 110

Don't get me wrong, I love TAS, but every time I read an article about them it sounds extremely positive and yet they rarely get anywhere. Starting to wonder if their articles aren't written by people that have a vested interest in the company itself. That being said, think I'll climb onboard the TAS train come Monday

Anything is possible at the end of the day, I just don't like putting all my eggs in one basket.

I have a set lump sum that I play with, most of it is usually tide down by a few shares, then the remaining amount I toss around with things that tickle my fancy. No additional monthly contributions as I'd much rather put that money into retirement funds and investment savings accounts.

That is really good to know, thank you jonobruton

When people refer to steel are you in fact talking about the Iron Ore price? I get so confused with this because I never see steel charts Example: http://www.infomine.com/investment/metal-prices/ Iron Ore and Steel are two completely different things. http://www.tradingeconomics.com/commodity/steel http://www.tradingeconomics.com/commodity/iron-ore Well Iron ore is used to create steel so of the two I would rather invest in Iron Ore ie Kumba? I feel Kumba has peaked, it's already grown 500% in just over a year or so, why on earth would it go even higher? Kumba Iron Ore Ltd: Further Gains Are Underway 1 February 2017 Moxima Gama BOTTOM LINE: KIO has broken out of its long-term bear trend (Click image to enlarge) Possible scenario: We had recommended a long position in November last year, and KIO confirmed a positive breakout of its inverted head and shoulders pattern above 13,300cps. After testing our first target at 17,710cps, we suggested investors close positions because the 3-week RSI was overbought - and then go long on a recovery. Our second target was at 19,965cps, and KIO is trading above that level. Despite the overbought RSI, we expect KIO to trade towards 25,835cps, so stay long or go long. Alternative scenario: Close positions on a reversal below 15,260cps. Downside to - and possibly through - 13,300cps could ensue.

So technically speaking, if MTN dives, Vodacom should thrive in the short term?

When people refer to steel are you in fact talking about the Iron Ore price? I get so confused with this because I never see steel charts Example: http://www.infomine.com/investment/metal-prices/ Iron Ore and Steel are two completely different things. http://www.tradingeconomics.com/commodity/steel http://www.tradingeconomics.com/commodity/iron-ore

They should rather move it to Pretoria if you think about it, less travel expenses for more people.

Please tell me this is not taking place in Cape Town

AFAIK Implats have Zimbabwe ties, so I personally wont touch them. Anglo American Platinum will probably be the better choice if I had to pick, or maybe Royal Bofokeng But why go with platinum and not rather steel? ArcelorMittal South Africa Limited is gagging for growth currently, specially now with government promising to use them as a supplier for all steel related projects and imposing the 10% duty on all steel imports, which should help them even more. Their share price is at it's lowest it's been since forever.

I had KIO last year @ R90, but then it kept on falling and falling, so eventually just pulled the plug @ R75 (lots a big chunk there, but have made it all back eventually elsewhere) By far the biggest mistake I have made thus far and not one I will be making again anytime soon as I've learnt to be patient since then. That being said, I have vowed never to put anything into KIO again, regardless of how juicy it looks.

Resource related stocks has bitten me in the ass so many times before, which wouldn't have been the case if I stuck it out for a few months longer each time. The likes of Kumba (KIO) ,Glencore (GLN), Harmony (HAR), Sibanye (SGL) , DRDGOLD (DRD) ,African Rainbow Minerals (ARI), Jubilee (JBL) and lets not forget Lonmin (LON) has given me many highs and lows over the years. Since then I have trimmed back almost all resource related stocks, apart from PPC (not sure if that's considered resources though)