Watermark Global Share Discussion Threads

[ertugrul] 13/9/2012 16:04

M4 - what is the price of MRI today?

[moreforus] 13/9/2012 16:04

toodles...(-;

[johnspain] 13/9/2012 16:02

I liked all the rns, but particularly

"in view of the strengthening prospects of MRI and the price at which MRI shares are trading the Watermark Board will keep the position regarding the remaining MRI shares under review and may elect to take ownership of them."

leaving now, will read again later.
cheers.

[moreforus] 13/9/2012 16:00

js...i liked the rns

i dont like the reaction!

[ertugrul] 13/9/2012 15:58

what was your favourite bit in the RNS?

[johnspain] 13/9/2012 15:55

guys, read the rns carefully, very carefully.
there is a significantly bullish statment in there :)

when reading company statements (any company)ask yourself why certain things are said and why certain action is highlighted!

[27howard] 13/9/2012 15:52

:-))

Johnspain, I did warn you about ertugrul, clogs up thread he is trying to pump
and dump on with pointless rubbish.

[ertugrul] 13/9/2012 15:51

another 1m followed

[ertugrul] 13/9/2012 15:48

2m at 0.1240

bargain gone

[ertugrul] 13/9/2012 15:20

0.1240 to buy FFS

[ertugrul] 13/9/2012 14:15

can buy max 2.5m shares

it was 5m

[ertugrul] 13/9/2012 13:54

real spread atm 0.1150 - 0.1340

[moreforus] 13/9/2012 13:52

lol I am believer!! made some money on JJB though!..maybe WET should have put out some bad news and then it would have gone up!

[ertugrul] 13/9/2012 13:51

Induna123 13 Sep'12 - 13:48 - 5919 of 5919

what made you to take profit if you are aware of value? it up to you of course, your money your decision, I am not selling any single share at this price.

if goes 0.10 (which i dont think) i promise will sell some other shares and top up here to double my holding

[induna123] 13/9/2012 13:51

Don't tell me you haven't done the same ;)

[moreforus] 13/9/2012 13:49

well done Induna..

[induna123] 13/9/2012 13:48

ertugrul, we know about the valution, it's just that the sentiment here is... well... just awful. Managed to get out with a small profit today. Will wait till it goes back under 0.10p until I buy again.

[moreforus] 13/9/2012 13:46

Simon do you think anyone reads or cares??

now off 7.7%.....real offer down to - some fekker selling

JJB up 88% to 0.65 on talk that it might get a 1p offer (ie maybe 50% upside) WET down to 0.10p bid or 1,5 mill market cap with proven 6 mill gbp net asset value (ie 300% upside!!)...no debt (in fact we are lending money...so we are doing the opposite of debt)and fee income to come along with a cash generative project that is being tested shortly.....

[ertugrul] 13/9/2012 13:41

i highlighted that £4.5

[simontrill2] 13/9/2012 13:40

...but you're reminding people of details which are no longer strictly valid.
Especially things like the repayment dates!

[ertugrul] 13/9/2012 13:38

Simon - that was just a reminder m8

[ertugrul] 13/9/2012 13:37

nice 2m buy, someone taking advantage of drop

[simontrill2] 13/9/2012 13:37

Ertu - that info has been superceded by today's RNS. I suggest you either remove it or replace it.

[moreforus] 13/9/2012 13:26

Cenkos dropping again

looks like he's our seller

[ertugrul] 13/9/2012 13:23

from the final results £4.5m considered

In order to ensure that MRI raised R40 million in additional equity to fund the cash element of the consideration payable to Watermark and provide growth capital for WUC, following the withdrawal of a third party investor the Company has entered into an interest bearing loan agreement with Trinity Asset Management (Proprietary) Limited ("TAM") to the value of R20 million. TAM will seek to place the MRI shares with investors and repay the loan and pending repayment of the loan the Company will benefit from a charge over approximately 105 million MRI shares. The Company has the option to acquire these shares at R0.19 and if the loan is not repaid by 12 September 2012 at R0.20 per share, the Company can elect to sell the shares at the market price. The Company is indemnified against any loss (the difference between R0.20 per share and the market related price) by TAM. The Board's expectation is, therefore, that the Company will receive consideration of approximately GBP4.5 million in aggregate of which approximately GBP2.69 million will be in shares in MRI (at a value of R0.19 per share), approximately GBP0.26 million in cash, on issue of the shares and approximately GBP1.55m in cash before 12 September 2012. A further GBP0.32m will be paid on issue of the shares in respect of the investment in and funds advanced to Octavovox (Pty) Ltd and Prodiflex (Pty) Limited.