Author Topic: Live chat  (Read 2932065 times)

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2551
  • Karma: +47/-2
    • View Profile
Live chat
« Reply #4665 on: September 21, 2016, 10:12:03 am »
At R8.20 I'd probably cry about missed opportunities! I would have a huge $ salary though, but I'd have to work quite a few more years to make back what I missed out on by converting at 14.30. Where did you get that number? I always read that it should be somewhere between 11 and 12.

Orca

  • Hero Member
  • *****
  • Posts: 2280
  • Karma: +54/-3
    • View Profile
Re: Live chat
« Reply #4666 on: September 21, 2016, 11:08:15 am »
I read that in some financial site about 2 months ago. Think it was Moneyweb. Highly unlikely to get there though.
I started here with nothing and still have most of it left.

Moonraker

  • Hero Member
  • *****
  • Posts: 1095
  • Karma: +31/-0
    • View Profile
Re: Live chat
« Reply #4667 on: September 21, 2016, 03:05:06 pm »
What could also be supporting the R is ANB buying up R to pay SABMiller shareholders (the cash option).

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4551
  • Karma: +31/-3
    • View Profile
Live chat
« Reply #4668 on: September 22, 2016, 07:24:45 am »
I have ANB & NPN, thus my one share is hurting my other share, I is hoping some politician says something/gets arrested/gets investigated to weaken the rant.
jaDEB

If it scares you, it's a sign you need to do it

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4551
  • Karma: +31/-3
    • View Profile
Live chat
« Reply #4669 on: September 22, 2016, 07:39:33 am »
 :wall:
« Last Edit: September 22, 2016, 07:58:42 am by jaDEB »
jaDEB

If it scares you, it's a sign you need to do it

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4551
  • Karma: +31/-3
    • View Profile
Live chat
« Reply #4670 on: September 22, 2016, 12:50:42 pm »
Patrick, something is wrong with the IC, it shows Magash's have Minus R452000 cash, are u using it pay your University fees?
jaDEB

If it scares you, it's a sign you need to do it

Moonraker

  • Hero Member
  • *****
  • Posts: 1095
  • Karma: +31/-0
    • View Profile
Live chat
« Reply #4671 on: September 22, 2016, 01:16:39 pm »
@Orca ABN have already forward covered their R purchases, so not  a reason for R strength past few days.

Orca

  • Hero Member
  • *****
  • Posts: 2280
  • Karma: +54/-3
    • View Profile
Re: Live chat
« Reply #4672 on: September 22, 2016, 02:29:07 pm »
According to Moneyweb yesterday, the buying will carry on for "a few weeks".
I started here with nothing and still have most of it left.

marguerittereed

  • Jr. Member
  • **
  • Posts: 63
  • Karma: +1/-1
    • View Profile
Live chat
« Reply #4673 on: September 22, 2016, 02:32:44 pm »

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4551
  • Karma: +31/-3
    • View Profile
Live chat
« Reply #4674 on: September 22, 2016, 02:34:00 pm »
Why is the JSE a Screamer today?
jaDEB

If it scares you, it's a sign you need to do it

Orca

  • Hero Member
  • *****
  • Posts: 2280
  • Karma: +54/-3
    • View Profile
Re: Live chat
« Reply #4675 on: September 22, 2016, 02:34:54 pm »
Bloomberg yesterday: "The bottom line: actual or speculated SABMiller-related flows will provide significant help to the rand for weeks to come.”
I started here with nothing and still have most of it left.

Orca

  • Hero Member
  • *****
  • Posts: 2280
  • Karma: +54/-3
    • View Profile
Re: Live chat
« Reply #4676 on: September 22, 2016, 02:52:47 pm »
jaDEB. No rate hike by FED so good for USA stocks and we follow suit.
TOPI exceptionally oversold. Indicators show a reversal especially for commodities. Double bottom and 200MA confirms a short bull run.
I started here with nothing and still have most of it left.

gcr

  • Hero Member
  • *****
  • Posts: 1008
  • Karma: +28/-1
    • View Profile
Re: Live chat
« Reply #4677 on: September 22, 2016, 03:11:10 pm »
The way the All Share is performing today and the resilience of the Rand I don't see any repo rate adjustment today
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2551
  • Karma: +47/-2
    • View Profile
Re: Live chat
« Reply #4678 on: September 23, 2016, 08:09:57 am »
A new forex idea?? http://view.ceros.com/moneyweb/the-investor-september-2016/p/11
Thanks for the tip. I contacted them to see what their charges are. They wouldn't commit to a fixed spread, but said it's generally spot rate + 0.5%. They also have a R350 fee per transaction. That would make them cheaper than exchange4free (spot+1%) for large amounts, smaller amount will be quite similar I think, as exchange4free has a lower R120 fee for transaction under R100k.

conradl

  • Jr. Member
  • **
  • Posts: 51
  • Karma: +2/-0
    • View Profile
Re: Live chat
« Reply #4679 on: September 23, 2016, 10:03:54 am »
Not sure about Std Bank spread, but Min fee is R140 or 0.51% and capped at R790 (excl the fees on the other side). Daylight robbers I say and they aren't interested in giving better rates above 100k. Patrick, have you used exchange4free? I think ill give ClickFX a try in my next offshore tranch.