SUPERGROUP SHARE PRICE

[Mamajyot]

Hi

Does anyone follow the JSE here know any reason Super Group share price tanked over 43% this morning.


Any constructive comments really appreciated.
I tried without success to get info from the company.

 

[McSack]

Well it won't be the first time this has happened to SuperGroup. Maybe they've uncovered more over-stated profit or someone in Angola/Nigeria/other dodgy african country has run off with a few million rhondts worth of vehicles again

 

[Pitbull]

Wow, 43% gain?

Too late to buy in now. Should have been in yesterday

 

[McSack]

Wow, 43% gain?

..."tanked" dude - it's the opposite

Too late to buy in now. Should have been in yesterday

Unless you were planning on shorting it, you can be glad you misinterpreted "tanked" today and not yesterday

 

[UserZ]

There was a corporate action which comes into affect today. Each shareholder got 410 nil paid letters (SPGN) for 100 shares (SPG).

 

[Pitbull]

..."tanked" dude - it's the opposite

Unless you were planning on shorting it, you can be glad you misinterpreted "tanked" today and not yesterday

O ok buy then.

I thought "Tanked" as in an unstoppable driving force

 

[chutzpah44]

Here is your answer

http://www.moneyweb.co.za/mw/view/mw/en/page292520?oid=323319&sn=2009 Detail&pid=299360