Kantor made new Phumelela Chairman

With thanks to the Sporting Post www.sportingpost.co.za/2017/12/kantor-new-phumelela-chairman/

At the Phumelela Gaming & Leisure board meeting on Tuesday, Bernard Kantor was appointed chairman of the board.
Kantor, who has been a non-executive director since the company was founded, thanked retiring chairman, Peter Malungani, for his 20 years of loyal service to the company and wished him well for the future.

Kantor added that there have been many rumours about the future of racing which is understandable in times of uncertainty. “What is certain is that the board and management of Phumelela are confident about the future of racing and betting in South Africa and we look forward to meeting the opportunities and challenges of 2018 and beyond.”

when last was he in South Africa?

Can organize Phumelela credit facilities like Steinhoff :whistle:

The missing link wrote: Can organize Phumelela credit facilities like Steinhoff :whistle:

TML Well there is your prop up you were looking for . Convert to pounds - a joke for him.

I wonder if the dispapperance of the former Chairman had to do with results still to come as the Pension Fund owns Phumalela and that is another story that has not even been told thats why it is being propped up. .

Thinking out loud.

The missing link wrote: Can organize Phumelela credit facilities like Steinhoff :whistle:

Timing of him stepping down just a coincidence :whistle:

m.fin24.com/Companies/Retail/investecs-b...-headlights-20180209

The missing link wrote:

The missing link wrote: Can organize Phumelela credit facilities like Steinhoff :whistle:

Timing of him stepping down just a coincidence :whistle:

m.fin24.com/Companies/Retail/investecs-b...-headlights-20180209

Omf

I see there was r8m worth of phum shares dumped yesterday, not sure if that’s a lot?

Bob Brogan wrote: I see there was r8m worth of phum shares dumped yesterday, not sure if that’s a lot?

A lot more than usual and at R15.20. Someone bought a few today to push the price back up to R16 but only insiders are buying this share. Might as well take it private, no point in being listed

Someone just dumped R3mil at R15.00, current highest bid is now under R12.00, directors running out of money? :whistle:

.....running out of fingers.....and you can't use a p@nis to plug a dyke.... :lol:

The price was incompatible under the circumstances so it doesn't look like a black swan moment