Showing posts with label Abalengani. Show all posts
Showing posts with label Abalengani. Show all posts

Sunday, February 1, 2009

Abalengani

Anybody heard much about this Abalengani Property Group?

They're listing their property assets on the JSE in a reverse listing into the Kaydav shell. They're talking about dual listing of Preference and Ordinary shares with the pref shares offering an after tax return of around 15% and you get ordinary shares thrown into the deal.

Getting mixed feedback from the industry - any comments?