How long before Phumelela trade at R2-00 a share?

www.amazon.com/How-They-Blew-Entrepreneu...rophic/dp/0749460652

the front page of the book better than the actual book but. rich people are not gonna invest in something on a huge scale to not make money.

Gold circle well positioned. use their CLAIRWOOD sale windfall to buy Phumlelela. They have a vested interest in P surviving

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Is there a parachute?


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Share down 42% this week

I must say I have no idea how this will all work out and what the various end play scenarios are?
Its just a very worrying time for horse racing in general.
Not sure if there is an action plan or saviour behind the scene.
I am aware having a bookies license can be a risky business as i experienced first hand, many years ago.
However surely having a tote license is based on making a decent profit as there are no risks and you actually want your customers to win and generate more turnover.
Must be an opportunity for someone to turn things around and get us back on an upward trend.

As John Lennon once said " you may say I am dreamer"

Wouldn’t be surprised if 3 became 1

when are the ra members who took up the offer allowed to sell or has that restraint already expired

Although currently R2.90 the share price traded R2.05 this morning.



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In compliance with Section 3.59 of the Listings Requirements of the JSE Limited, the Phumelela Board of Directors informed shareholders on Monday that Mr Photios Anastassopoulos has resigned from the Board with immediate effect due to extensive work commitments and increased demand on his time.


Mark Currie – employed by Investec Bank

Mr Mark Currie was appointed to the Board on 11 December 2018 but is now obligated to step down, with immediate effect, from the Board given a potential conflict of interest as a result of his employment with Investec Bank Limited.

He remains Co Chairman of Kenilworth Racing.

The Board extended its appreciation to both Directors for their valuable contributions to the Company and wished them well in their future endeavours.

www.timeslive.co.za/sunday-times/news/20...and-gambling-tycoon/

2 year old article on Supabets owner

Phumelela Gaming and Leisure Limited
JSE: PHM
240.00 ZAC 0.00 (0.00%)
30 Jul, 5:00 pm GMT+2 · Disclaimer
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