Simon Shares

• Lonmin (JSE code: LON) a disaster of a storey. Back in July 2008 Xstrata offered GBP33 a share valuing he company at around R100billion at the time. It was rejected as under valuing the company. Stock has traded over R600 in 2007, now under 200c and a massive (seriously massive) rights issue at 21.4c.

• This national drought is getting very real with all sorts of implications for local companies, and none of them good.

Bryan Rudd CIO Anchor Capital – Mauritius
Astoria is being listed by Anchor Capital and will invest in a portfolio of global equities and private equity businesses. 60% equity 20% niche 20% alternative and private equity fund. USD based and traded on the JSE.

We Get Mail

• Several people asking
  • Are you buying Lonmin?
• Several people asking
  • Are you buying MTN?
• Manro (via twitter)
  • What price will SA investors get on JSE for SABMiller (JSE code: SAB) after the £44 offer from AB Inbev? How much of that is cash? Do I hold or sell?