Phum shares down to R10..was it all smoke and mirrors?

What has happened to their share price..nearly cut in half last 2 months..anyone know why?

1. Another player entering the betting fodder dollar-making machinery?
2. Mboweni & Malungani to resign from Phumelela?
3. Carolus ditching Investec?
4. Pending legislation - National Gambling Amendment Act (No. 10 of 2008)- upset the Min of DTI or NGB?
5. Commission of Inquiry coming up?
6. Taxman catching up with something/one?
7. Lehman collateral called up?
8. COSATU/SACP to re-corporatise the industry?
9. Public Protector to investigate the corporatisation bribery allegations?
10. Manipulated to get Govt to reduce tax rate even further?
11. The Russians, Chinese and Arabs are a coming?
12. Pending coup by the People's Revolutionary Congress?
(I told youse all, don't leave out the Coloureds and Indians! Now, bra, whose going to lose all their bucks at the giggies and then somma cry their loss over a bottle of JMB? Then bleksem anything that comes in their way? Sshhh! Don't let them hear! It's OK- they dunno Hinglis!)
Maybe, the Credit crunch crunched the share price?

the net connection sorted out- not what soemone else thought! tnx

oscar Wrote:

---

> What has happened to their share price..nearly cut
> in half last 2 months..anyone know why?

Oscar, you can ask the same of 100's of companies not including those that have gone completely under. Likely it's to do with a world wide recession.

A question - has the proposed share dilution gone thru yet? = maybe the price isn't as bad as it appears?

Otherwise, maybe it's a) a reflection of the 'global' reacessment of shares in general b) in response to not gaining the 'american deal' or c) fear over possible problems over recent deals/actions i.e. Newmarket/lights et al.

Whatever the answers are to these and/or any other questions/problems within P - I believe that the price will go lower before it steadies and rises again and would not be surprised to see it bottom out around R6-R7, and then take a fair few years to get back to where it is now - let alone the lofty heights of a year ago!

Respectfully, Jim.

Hope is nothing to do with the box

i.e. "look at the neighbors that have moved in, bring the bloody property price down".

lol!

Hehee..i wonder!

Oscar, are you about 14th - 19th Oct, I'm in town. Although I'll prob pop down to the Cape 15/16 to see Cuckoo and Clan.

Jim.