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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.

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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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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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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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