Cheap MTN shares offer for disadvantaged opens

[rpm]

http://mybroadband.co.za/news/Cellular/734.html

 

[stoke]

LAWL.
Shares were originally purchased at R28,52 in 2002. Nice profit there NEF.

investors would receive an extra share for every 10 held

You simply cannot pass up an offer like this.

 

[Tns]

and again only a few can get, a few previously disadvantaged and now rich people

 

[mancombseepgood]

Nice of them to sell shares to pdi's when they have hit the ceiling...

 

[XCentricdave]

Just what you need when you have bugger all money is a nice risky investment on the the JSE...

 

[NoADSLyet]

Another South African racist scheme or is that scam!

 

[Sneeky]

As BEE schemes go, this is probably one of the better ones. They just need to be vigilant that the rich don't hide behind trusts and consortium's to get more than they are allowed.

LAWL.
Shares were originally purchased at R28,52 in 2002. Nice profit there NEF.
You simply cannot pass up an offer like this.

I understood that the 11.7 million shares to be sold constituted 'half' of the NEF's total MTN shareholding (the shares purchased on 2002)
If that is the case then is the purchase price not R7.31 per share if they were originally acquired for R171m?

 

[gregmcc]

what about the PANDA's - previously advantaged, now disadvantaged!

 

[caramel]

 

[ripclaw]

what about the PANDA's - previously advantaged, now disadvantaged!

See here: http://finblogs.24.com/ViewBlog.aspx?blogid=14781510-ecc0-48e1-a1a3-0ad6f3e56590

Where there's a will, there's a way.