Author Topic: Astoria IPO  (Read 4603 times)

marguerittereed

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Astoria IPO
« on: November 06, 2015, 11:35:32 am »
Astroria Initial Public Offering
Astoria is a global investment company which is inward listing on the JSE in November 2015. The objective of the company is to deliver a sustained, strong compound growth in value per shares in US$. The company invests in global, high quality equities, niche funds and private equity.

By buying an Astoria share in a SA share portfolio, SA investors will have immediate access to a diversified global investment portfolio, denominated in US$. The share is an alternative to investing in SA-listed shares with global exposure and passive index-tracking funds.

Offer opens Monday 16 November 2015. Offer closed Monday 16 November at 12 noon. Minimum Rand application amount is R 5000 with increments of R 100 thereafter.

Mr_Dividend

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Re: Astoria IPO
« Reply #1 on: November 11, 2015, 10:29:28 am »
Interesting. I would have thought though the going for the DBXUS might have less costs as there is 1% fee for direct and 0.5% for indirect. I guess it all comes down to anchor and how well they do with the direct investments. Or does Peter A have the midas touch? Might be worth a punt.

Moonraker

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Re: Astoria IPO
« Reply #2 on: November 25, 2015, 03:17:37 pm »
@marguerittereed

Don't worry about what Fawkes85 says about fees. DBX trackers have no exposure to private equities for example. Best view this video, and fees .. well blathering bull sh#t.
No fireworks, but longer term - if Rand weakens - wonderful.


marguerittereed

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Re: Astoria IPO
« Reply #3 on: November 25, 2015, 03:32:49 pm »
Hi Moonraker

I did some research and discovered how expensive it is to invest offshore. You need minimum in bank account, transfer fees from SA, very low dividend yields on Stock Exchange.. Lack of knowledge re American markets.. Much easier to give the "problems" to someone who can handle them.


jaDEB

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Re: Astoria IPO
« Reply #4 on: November 25, 2015, 04:03:51 pm »
Would it not be a bit risky now to assume with the dollar being so strong, that it will continue to go stronger. Do you not think that the rand should recover from these levels after US has done it rate hike in December?

jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

Moonraker

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Re: Astoria IPO
« Reply #5 on: November 25, 2015, 04:16:17 pm »
Would it not be a bit risky now to assume with the dollar being so strong, that it will continue to go stronger. Do you not think that the rand should recover from these levels after US has done it rate hike in December?
Not really, remember this is what should be considered a medium to long term investment. Think back say 10/15/20 years what has the Rand done ? Sure it may recover a little but it's more likely to weaken over the next couple of years - just on the inflation rate differentials let alone Zuma/Davies economics.
Have a look at the video. I think it is good, if only to put into a portfolio for diversification purposes. Have bought some just for that purpose. Also returns from private equity investments may provide some pleasant surprises. Hope you agree JaDEB, otherwise sleepless nights.

jaDEB

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Re: Astoria IPO
« Reply #6 on: November 25, 2015, 04:43:57 pm »
I cannot check video's at work, (Do not ask  :-[, do not tell policy  :wall:), I am more looking at Eur/Dollar now 1.05. Can they afford for it to go to 1.00 ? or even stronger.

I always ask people the following?

Who is president of China? - Do not know
Who is president of Australia? - Do not know
Who is president of Italy? - Do not know
And so on..

Yet people think the whole world know who Zuma is, we not as important as we think we are.
jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

Moonraker

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Re: Astoria IPO
« Reply #7 on: November 25, 2015, 04:47:58 pm »
I cannot check video's at work, (Do not ask  :-[, do not tell policy  :wall:), I am more looking at Eur/Dollar now 1.05. Can they afford for it to go to 1.00 ? or even stronger.

I always ask people the following?

Who is president of China? - Do not know
Who is president of Australia? - Do not know
Who is president of Italy? - Do not know
And so on..

Yet people think the whole world know who Zuma is, we not as important as we think we are.

China = President eleven (Xi Jinping)

jaDEB

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Re: Astoria IPO
« Reply #8 on: November 25, 2015, 04:53:28 pm »
You googled it... :(
jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

Samurai

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Re: Astoria IPO
« Reply #9 on: November 25, 2015, 08:53:38 pm »
Haha good one jadeb...

jaDEB

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Re: Astoria IPO
« Reply #10 on: November 26, 2015, 07:03:34 am »
The U.S. dollar gained and the euro briefly hit a seven-month low on Wednesday in a volatile session on views the European Central Bank will ease monetary policy further, including buying more debt and charging banks for hoarding cash.
jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd