Scotia have you been selling Phumelela shares

About 1 hour ago a single trade of 1 million Phumelela shares at yesterday's closing price. By my reckoning that is 1,3% of the entire shares in issue in a single deal. My guess is that there is some action on the way and is likely to be negative for the share price, based on sideways pattern of VPT, and RSI, SST and MACD technical indicators all turning down.

Needed some cash for the racing on Sat. hope to see you? (tu)

Warren Buffet maintains that the management of a company is even more important than it's financials,so you can bet your life HE is not the buyer.... lol

Money for old jam jars

Bernard Kantor buying Phumelela shares again, 1,75m shares last Friday, over 2% of entire shares in issue. What would be more interesting is who the seller was as this was exceptional volume. Anyone know ?

PHM
PHM - Phumelela - Dealings in securities
Phumelela Gaming & Leisure Limited
(Incorporated in the Republic of South Africa )
(Registration number 1997/016610/06 )
Share code : PHM ISIN: ZAE000039269
IN COMPLIANCE WITH RULE 3.63 TO 3.74 OF THE JSE LISTING REQUIREMENTS, THE
FOLLOWING INFORMATION IS DISCLOSED;
Director : B Kantor
Number of shares : 1,750,000
Average price per share : 1036,43cents
Highest price : 1075 cents
Lowest price : 1025 cents
Date of transaction : 30 April 2010
Value : R 18,137,525
Class of shares : ordinary
Nature of transaction : On market, purchase
Nature of interest : Indirect Beneficial
Director : B Kantor
Number of shares : 25,000
Price per share : 1025cents
Date of transaction : 3 May 2010
Value : R 256,250
Class of shares : ordinary
Nature of transaction : On market, purchase
Nature of interest : Indirect Beneficial

There is a very interesting aspect to this and that is the fact that B Kantor now has a significant investment in one of the worst managed companies I have had to interact with.Kantor is a successful businessman who,by definition therefore,will be aware of the dangers of poor management,so I would expect some action,instigated by shareholder/s in the near future.
I have no problem with shareholders wanting and receiving a good return as this normally only results from satisfied customers.(I would give anything to be a SATISFIED customer).The exception of course is a monopolistic situation.However the basis for complaint,on the competitions board website,makes for interesting reading and "P" service levels make them a sitting duck.
I believe that shareholders will try to prevent new entrants by upping service levels.They could,of course,leave it too late- lets wait and see!

Rob

Mr Kantor has been a director of the company for some time so will be only too aware of the quality of management. I would think his interest in the shares would have more to do with property and potential property deals.

Another 1 million Phumelela shares changed hands in a single transaction this afternoon.

And has there been any cautionary notice by P..?? they must be careful if something changes that only the directors know in the near future

oscar Wrote:

---

> And has there been any cautionary notice by P..??
> they must be careful if something changes that
> only the directors know in the near future


Spot on Oscar.
However I would imagine that Mr. Kantor has more brains than that, getting caught for insider trading.

Perhaps "P" is expanding its overseas product to Timbuctoo and this will have an effective influence on their Income statement?

I give up

Interesting to know who is disposing of that many shares.....is that not of great interest to all stakeholders?

Another substantial lump disposed off this morning, around 850k of shares.