Cheap MTN share offer could be a costly call

[rpm]

http://mybroadband.co.za/news/Cellular/802.html

 

[Tns]

aaa that explains mtn's increase in price to the cash cows

 

[Wyzak]

All animals are equal, but some are more equal than others.

 

[DblD]

They are planning to sell to rural people? They won't find a market for it. They will eventually sell to the big shots.

I love the idea of them trying to educate the rural to invest on the stock exchange!
I think it is the height of recklessness. Here are people who cannot manage their own accounts, trying to "educate" people on investment.

Here's what I think will happen
1. Sell all the shares to a bunch of smucks who hardly know what was given them.
2. Wait out the 12 months (or whatever) holding period.
3. Buy up all the shares from said smucks at a huge discount...because they need to pay of their Edgars accounts...or buy talktime
4. Then sell at profit on the JSE

 

[Piesang]

So I, a WHITE South African and MTN Client for 13 years, will not be able to buy shares.

If MTN doesn't want me to buy shares why should I use their service any longer?

Shame on you MTN.

 

[Perdition]

You can still buy shares, but only the "white shares" which cost 20% more

 

[Conspirator]

Forget buying the shares. That for the mindless idiots. Wait until 2 weeks before the end of the holding period and then go short on MTN.

Some of my friends have suggested that a bit of skin-colour leveraging is in
order. Everybody contributes R2000. Would have been worthwhile if it were another stock.

 

[rendan]

conscriptor. U think the futures market will not already take that into consideration 2 weeks before the end of the holding period? They arent stupid and every1 expects a price decrease. There is no such thing as a free luinch

 

[Vrotappel]

It's taken the The National Empowerment Fund (NEF) 7 years to set this up? Only in ...