RA offering shares

Muhtiman wrote: .....see that the PHUM share just went through the 1700 mark.....shed almost 6% before lunch.....will most probably be propped again after 14h00.....seems to be the daily trend..... :dry:

You are correct, just been bought back up. Some bigger orders in now at around R17.00. Would love to know who those buyers are.

The same person that just sold Trip to Heaven

Warren Laird wrote: The same person that just sold Trip to Heaven

Jooste surely isn't buying more Phumelela shares?

It was a joke only playing

Seems like a very satisfactory AGM,,,,,,,,,, :lol:

www.sharenet.co.za/v3/sens_display.php?t...000&seq=53&scode=PHM

Countrymember wrote: Seems like a very satisfactory AGM,,,,,,,,,, :lol:

www.sharenet.co.za/v3/sens_display.php?t...000&seq=53&scode=PHM

......why should it have been anything other.....they must have been giving each other a slap on the back for preventing the shares from going into a tail spin..... :dry:

The missing link wrote:

Muhtiman wrote: .....see that the PHUM share just went through the 1700 mark.....shed almost 6% before lunch.....will most probably be propped again after 14h00.....seems to be the daily trend..... :dry:

You are correct, just been bought back up. Some bigger orders in now at around R17.00. Would love to know who those buyers are.

Can't bid it up forever, someone trying to dump R1.5mil worth of shares at R17.70. That will be the price ceiling for a while now.

The missing link wrote:

The missing link wrote:

Muhtiman wrote: .....see that the PHUM share just went through the 1700 mark.....shed almost 6% before lunch.....will most probably be propped again after 14h00.....seems to be the daily trend..... :dry:

You are correct, just been bought back up. Some bigger orders in now at around R17.00. Would love to know who those buyers are.

Can't bid it up forever, someone trying to dump R1.5mil worth of shares at R17.70. That will be the price ceiling for a while now.

I kmow nothing about this story , but heard a whisper R18.00 is the number whatever that means.

Warren Laird wrote:

The missing link wrote:

The missing link wrote:

Muhtiman wrote: .....see that the PHUM share just went through the 1700 mark.....shed almost 6% before lunch.....will most probably be propped again after 14h00.....seems to be the daily trend..... :dry:

You are correct, just been bought back up. Some bigger orders in now at around R17.00. Would love to know who those buyers are.

Can't bid it up forever, someone trying to dump R1.5mil worth of shares at R17.70. That will be the price ceiling for a while now.

I kmow nothing about this story , but heard a whisper R18.00 is the number whatever that means.

They going to need a hell of a lot of money to keep the price at R18, can see R16 very soon and then much lower as this scandal unfolds.

The missing link wrote:

Warren Laird wrote:

The missing link wrote:

The missing link wrote:

Muhtiman wrote: .....see that the PHUM share just went through the 1700 mark.....shed almost 6% before lunch.....will most probably be propped again after 14h00.....seems to be the daily trend..... :dry:

You are correct, just been bought back up. Some bigger orders in now at around R17.00. Would love to know who those buyers are.

Can't bid it up forever, someone trying to dump R1.5mil worth of shares at R17.70. That will be the price ceiling for a while now.

I kmow nothing about this story , but heard a whisper R18.00 is the number whatever that means.

They going to need a hell of a lot of money to keep the price at R18, can see R16 very soon and then much lower as this scandal unfolds.

TML that's what I heard . Like hearing a 20 to 1 winning the 5th. You guys are the pros and as I say I have no real idea . I wish it was R5.

.....Warren we are mostly sour about what has transpired with this saga.....however should PHUM shares plummet......game over.....the Racing Trust holds around 35% of these shares and I am led believe the magical stakes formula and special RA members additional winning bonus are derived from dividends on these shares.....

....should stake increases be curtailed or even reduced.... many more owners would be driven from the game...a balance needs to be achieved.....I for one believe that with Jooste out of the way and the more level headed Kantor at the helm.....racing's best interests will be served..... ....he is a brand builder of a more finesse business approach.....would not be surprised if he was directly involved with propping up these shares.....not only to protect his own nut....but has racing close to his heart....

....this 18 you are hearing.... may be the number that someone could have put a sell order on to try and cash out.... :ohmy:....but as other posters and even I have eluded to the share cannot be propped indefinitely.....and sadly will begin to slide....those that that have been remunerated with or coaxed into investing in them.... must now take the poison that came with them.... :oops:

It is just tongue in cheak, of course I do care .