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MrDividend

EOH - fact or rumor

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So EOH's share price is being hammered at the moment all based on a rumor that there has been some under hand dealings. 

 

I have been buying for a few reasons.

 

Past history ( looking at increase in HEPS)

PE is a low as it's been for ages

The newspaper that put out the latest piece - has a few issues - the report itself looked like a hack job.

the directors have been buying

Trading update expected - end of the month?

JP Verster likes it.

 

Own it in my long term portfolio - but bought these for a trade in an ungeared position. Will be patient, avg around 112 and looking for 20%

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"Where there is smoke..."

 

I actually considered sending my CV to them not so long ago - would be nice working for a listed company.

 

But I reckon that's something that'll have to wait until this all blows over and/or is finalised. Really glad I'm not there...yet.


IQ Test

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well, guess time will tell. Think it would be odd that some traders know more than the directors. Sure, hard times are here - I am wondering if people are equating ADI's last set of results with EOH? I would be surprised if EOH does not increase heps by 20%+ - way better than the current PE 13- 14 suggests.

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What are the volumes (or values rather) of those trades directors are making?

 

It would look very suspicious if after the news broke of their possible involvement in corruption the directors started selling off shares.


IQ Test

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Buying, as far as I can tell. in pretty big quantities - often done with options.

 

Looks like they think EOH's share price will be around R150 or better in two years time:

 

(sample below - but there are lots)

 

Name of director: John King

Company: EOH Holdings Limited

Class of securities: Options in respect of EOH ordinary shares

Clearance to deal obtained: Yes

Nature of transaction: Option collar – sale of call options and

purchase of put options off-market, whilst

retaining his holding in EOH shares

Option style: European

Date of transaction: 28 July 2017

Number of options: 272 765

Spot price: R105.58

Put strike price: R95.02

Call strike price: R148.87

Expiry date: 30 July 2019

Extent of director’s interest: Direct beneficial

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So either they're playing the public and that guy is the fall guy or they reckon there's nothing to worry about :D


IQ Test

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Got some @ 2720 - pretty happy with that, but my avg cost is still R75 on that account. On my other account avg is R111.50 - ouch.

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EOH has announced that a number of its board members have resigned, including Pumeza Bam, Zunaid Mayet, and Rob Godlonton.

 

Bam resigned from the EOH Holdings Board and various other EOH subsidiary boards and trusts with effect from 12 July 2019. She served as executive director for seven years and non-executive director for two years.

 

Executive director and Nextec CEO Zunaid Mayet also resigned from both of these positions effective from the same date. Mayet was at EOH for 10 years and had been a member of the board for the last two years.

 

“In order to ensure a smooth transition, Zunaid will assist with the handover of Nextec by 31 October 2019,” EOH said, “He thereafter intends embarking on a new entrepreneurial venture.”

Executive Director and CEO of EOH’s ICT business, Rob Godlonton also resigned from the company with effect from 12 July 2019.

 

“Rob has been at EOH for over 11 years and has been leading the EOH ICT business in South Africa with energy and dedication,” EOH said.

 

“In order to ensure a smooth transition, Rob will assist with the handover of the ICT business by 31 October 2019.”

 

EOH Group CEO Stephen van Coller and Financial Director Megan Pydigadu will assume caretaking leadership roles for the ICT and Nextec businesses on an interim basis, the company said.

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