Lonmin - What do people think

:erm:

I bet all the people that bought shares:
A) Don't understand rights issues and
B) Didn't look at the financial statements
 
koeksGHT said:
Very risky, but if the couple shares ever recover a few bar seems good.
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The same could be said of a lotto ticket. If it works out well then yes by definition it would be good.

No what I meant was is that I don't think the people above grasp that they're not getting the same benefit as those that went for the rights issue yet they're carrying the same risks. Plus the companies financial & strategic position just plain sucks imo.

That being said...nothing is impossible...could still work out. As I said before I'd rather bet on VW for a punt.
 
HavocXphere said:
The same could be said of a lotto ticket. If it works out well then yes by definition it would be good.

No what I meant was is that I don't think the people above grasp that they're not getting the same benefit as those that went for the rights issue yet they're carrying the same risks. Plus the companies financial & strategic position just plain sucks imo.

That being said...nothing is impossible...could still work out. As I said before I'd rather bet on VW for a punt.
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Or MTN
 
koeksGHT said:
Or MTN
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MTN isn't a gamble

MTN is on special I am buying as much as I can.

MTN is a quality company that's not going to close it doors so whilst their prices are on sale I'm buying.


Lonmin on the other hand, I bought blindly, I have no interest or knowledge of the commodity and resources sector at all.

Why did I do it? I never take risks all my stuff is ice cold and calculated and I made a fck load of money with my Trustco shares so I used some of that to gamble with Lonmin.

Why am I positive? I know their plan and books stink, but they are the third biggest platinum company in the world and I don't think the ANC is going to let 35 000 miners loose their job since the ANC is already looking k@k sleg atm to their people.

So I think political pressure will save the company.
 
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Thor187 said:
MTN isn't a gamble

MTN is on special I am buying as much as I can.

MTN is a quality company that's not going to close it doors so whilst their prices are on sale I'm buying.


Lonmin on the other hand, I bought blindly, I have no interest or knowledge of the commodity and resources sector at all.

Why did I do it? I never take risks all my stuff is ice cold and calculated and I made a fck load of money with my Trustco shares so I used some of that to gamble with Lonmin.

Why am I positive? I know their plan and books stink, but they are the third biggest platinum company in the world and I don't think the ANC is going to let 35 000 miners loose their job since the ANC is already looking k@k sleg atm to their people.

So I think political pressure will save the company.
Click to expand...


MTN is trading at the same price of Vodacom, currently R142.34 - What do you expect it to raise to if its trading the same as its competitors?
 
Wesleigh said:
MTN is trading at the same price of Vodacom, currently R142.34 - What do you expect it to raise to if its trading the same as its competitors?
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R180 - R210+ where they where before the fine issue.

MTN is a solid buy it's not just the share price, it's the reassurance that make them part of my long term portfolio 20 - 30 years

MTN quite frankly has no competition :P
In South Africa yes, but remember MTN unlike the other service providers Vodacom, CellC etc are international, MTN operates in the whole of Africa and a little someone someone told me some positive expansion plans ahead.
 
I must agree with Thor187 on this ANC & Lonmin issue. They cannot afford for 35,000 miners to lose their jobs.

I'm going all in.
 
any idea why you cannot buy lonmin on EE at the moment? I am at the office so I cant really call the support line :(

lonmin.JPG
 
Wesleigh said:
MTN is trading at the same price of Vodacom, currently R142.34 - What do you expect it to raise to if its trading the same as its competitors?
Click to expand...

That means nothing. It's trading at half the PE of Vodacom.
 
Coasti said:
That means nothing. It's trading at half the PE of Vodacom.
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If MTN goes under R100 I will buy a couple.

As for the Lonmin thing, Spent R100 buying a bunch of shares at 28c a few days back. My "Profit" is now standing at R7.14c
I will leave that till it tanks or gets better (basically forget about it for the next 5 years or so).
Not going to spend another cent on it.
 
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