P's Share Price

How do you see this one moving in the short, medium, and long term.....?

Incidentally, the P share price will be updated on a daily basis on our home page from now on.

wouldn't touch it. disposable incomes down and casino turnover up. rather buy hci who have right connections politically.

union investment company

a steal

Bruce Whitfield on 702 talking to Humphrey Price, a Sanlam portfolio manager, on 14 March,

"The trouble is the quick buck is always so tempting. Talking about quick bucks and gambling, the horse race gambling firm Phumelela did come out with a trading update today and the comparable numbers did not look good but they have been offloading some assets and they are expecting profits on a continuing basis up 20 to 25 percent. And we saw the Sun International results recently and we saw Gold Reef results out recently and those growth rates have come down very, very sharply."

Would probably make sense to hold off buying them until the interest rate cycle turns.

Chris as a matter of interest, what do you think will happen to P shares if they are made to 'honor' some of the things that several threads on ABC have highlighted they have not?

Or do you think such 'corner cutting' will be swept under the carpet, and will carry on regardless?

As I say, very interesting. . .

One must consider that the numbers have been good, however the selling of assets have given a false impression of the performance of the shares imvho.

When all the assets have gone, we will see the true performance of the shares, which are predominately tote based?

As the "punter" becomes more educated and realise that there are far better options for his hard earned rand, he will discover Interbet/Betfair and bookmakers with competitive odds and percentages and move away from tote based products with "blind" payouts and no actual proper form or accurate odds?

I may be wrong, but unless P stop flooding the punters with inferior venues, the tide will turn and the shares will drop, but its just my opinion.

Jim - I'd agree with Scotia's observations, an additional plus for P is the imminent roll out of slot machines, that could help the shares I suppose.

I tell you a true story mate, when I looked at the share price the other day, I remembered some fairly recent posts on here where people were speculating about a future share price for P in excess of R100. I couldn't help but recall a situation I once found myself in and whilst I am not suggesting any wrong doing as in the case below, I couldn't help but draw parallels in the vision that was being sold.

I once worked for an international telco, I was based in London, the job was launching new products for the sales force. It was a thankless task in many respects but the dot com boom was starting to gather momentum, we had decent wages and share options. The company expanded at an amazing rate, acquiring internet infrastructure as they went, laying cables under the sea to connect the whole world. It was far removed from the cheap overseas voice calls their original success was based on but the US markets had them down as the darlings, the directors acclaimed as visionary genius.

The aforementioned big cheeses hit London one day on a world tour of their international operations. I was summoned with some of the sharpest salesmen I've ever known to hear them speak. It was a dynamic presentation alright, the only game in town mentality we hear from P was the theme. The share options we had were to make us millionaires based on their forecasts for the share price. I found it strange these forecasts went unchallenged but these guys were so slick they had an open mouthed captive audience. It didn't stack up to me, something wasn't right. I was pissed off with life in London anyway and wanted a change, I quit, cashed in my share options for a reasonable profit and drifted back into the gaming industry.

The share price continued to rise, then one day, I switched on Sky News, the two big cheeses selling the dream were in the headlines. Bernie Ebbers and Scott Sullivan were their names, they had been nicked on all sorts of serious fraud and false accounting charges. Worldcom, as the company was known, was rubber ducked.

Buy a share price based on the the only game in town mentality, not me mate