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Tongaat (TONJ)

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404 0    0.00%
14/03 - Closed. Currency in ZAR
Type:  Equity
Market:  South Africa
ISIN:  ZAE000096541 
S/N:  TON
  • Volume: 0
  • Bid/Ask: 403 / 404
  • Day's Range: 404 - 404
Tongaat 404 0 0.00%

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TONJ Comments

Write your thoughts about Tongaat Hulett Ltd
 
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Rekash Priaram
Rekash Priaram Feb 11, 2025 19:39
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Any views on today's SENS announcement?
Cm EG
Cm EG Jul 24, 2023 10:55
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any hope for shareholders?they have confirmed an investor
Brod VonB
Brod VonB Mar 31, 2023 9:08
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Any light on the horizon on when we have access to our funds here?
Ty Au
Ty Au Oct 27, 2022 18:27
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Been unable to sell shares for months. Now its announced the conpany is entering business rescue (not liquidation). Does anyone know what this means for us with shares? Do we just lose them, do they get transferred, do they someday becone tradable again?
Jaboomba Aluwani
Jakkals Oct 27, 2022 18:27
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Ty Au Very long road ahead. Happy i got out. The practitioners will most likely sell a massive RSA chunk of it to make it viable. You keep your share but will be worth less if they trade again. Liquidate everything can be a process outcome and you will get a pittance.  Don't expect too much.
Ty Au
Ty Au Oct 27, 2022 18:27
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Jaboomba Aluwani Thank you for respondong. I dont have a big holding but it’s still not nothing :/ Should have sold ages ago when my gut spoke. Oh well - live and learn i guess.
bob fenn
bob fenn Oct 27, 2022 18:27
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Unfortunately, with a company deeply as indebted as TON, I doubt you will ever see any return. I expect a fire sale and any viable bits sold as going concerns, but proceeds will be swallowed to pay down debt. Only if a white knight steps forward with a "sweet" deal will TON survive.
bob fenn
bob fenn Oct 27, 2022 18:27
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Ty Au At least you will be able to write off the cost of purchase against any other capital gains. We all have our Tongaat's in our portfolios - mine was Simmers and Jack - still have those zombie shares: every time I see them, I am thankful for the experience at (thankfully) only a little cost.
Ty Au
Ty Au Oct 12, 2022 15:43
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When will we be able to trade again? Just sitting with shares here.
Otto Erdmann
Otto Erdmann Aug 27, 2022 10:51
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should one buy Tongaat shares currently?
Ty Au
Ty Au Aug 27, 2022 10:51
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No one can buy or even sell as trading them has been suspended :/
Jaboomba Aluwani
Jakkals Jun 13, 2022 14:17
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Hamish Rudland hinting an offer to all shareholders might be on the table that will cost them R350m more. Any guesses on offer price if that happens?
bob fenn
bob fenn Jun 03, 2022 18:23
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Unless the rights issue goes ahead and is successful, then Tongaat will possibly go bust.I sold out 6 months ago when it was becoming clear that a veritable rouges gallery was involved. And that's only the current management. I want nothing to do with Rudlands money laundering.
The Penguins
The Penguins May 23, 2022 17:59
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I never thought bullying on the stock market happened, this is some Brazilian Jiu-jitsu shit. I already bought low, you can't dollar cost average because the Rights Offer might turn out x10 of what you're holding currently and after the rights offer and dilutions it could again go down.This is pure evil, can't believe that the JSE allowed this thuggery to happen. The fraudsters should've been jailed just like the guys robbing cash in transit vans, their crimes are just hostile, these guys committed academic crimes and none of them have been convicted. This is a joke, I don't have millions but I would pay millions if I had for the guys in prison to run a train on these fraudsters who cooked the books.
Niven Babunandan
Niven Babunandan May 23, 2022 17:59
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focus on making the millions rather than spending the millions👍
Chris van der Walt
Chris van der Walt May 19, 2022 17:19
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Another 1 bites the dust.
 
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