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Author Topic: Live chat  (Read 2974228 times)

jaDEB

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« Reply #5700 on: May 26, 2017, 01:11:43 pm »
ok Patrick, see my poll now, changed it to help you
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jaDEB

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

jaDEB

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« Reply #5701 on: May 26, 2017, 01:14:17 pm »
Also note you cannot buy less than 100 Tencent shares, Hong Kong Rules :'(
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jaDEB

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yozzi

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Re: Live chat
« Reply #5702 on: May 28, 2017, 09:14:16 pm »
Orca, I've only seen your sad news now and all strength to you and the family and be positive and all will turn out for the best
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Nivek

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« Reply #5703 on: May 29, 2017, 10:01:41 am »
Isn't it fun watching the ANC train wreck go full speed off the cliff? Everyone can see it's going to be a massive disaster, but they just keep going.
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czc

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« Reply #5704 on: May 29, 2017, 11:25:38 am »
Would you guys go for Cash Divi or Scrip Distribution Alternative?
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Patrick

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« Reply #5705 on: May 29, 2017, 12:02:53 pm »
AFAIK a scrip dividend means you don't need to pay the 15% divvy tax. That's quite a bonus.
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czc

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« Reply #5706 on: May 29, 2017, 12:09:38 pm »
20% divi tax these days
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Patrick

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« Reply #5707 on: May 29, 2017, 01:05:20 pm »
Ouch oh yeah, I forgot about that :(
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Nivek

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« Reply #5708 on: May 29, 2017, 01:10:26 pm »
ANC NEC: "Brian Molefe must be removed from his role as Eskom chief executive, but his skill set must not be lost". Would that be his skill set in finding ways to make the Guptas richer?
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gcr

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Re: Live chat
« Reply #5709 on: May 29, 2017, 05:03:04 pm »
Here's a conundrum which I just can't fathom the logic of the markets reaction to. Taste is instituting a claw back offer wherein existing shareholder can take up (on a ratio basis) additional shares at R 1.50 and that they will rank with the existing shares at the same par value. Now I can fathom that the share should move marginally lower than current prices to offset the greater quantity of shares in circulation. But surely the sellers would want to get a better price for their shares if they were selling based on the price of the share on the announcement date, which as the order of about R 1.95. However I see it is trading at about R 1.76. So buyers should theoretically pay more for the share right now to take advantage of being allocated shares and at the lower price, and they can then sell at a better price above the R 1.50 and make a small profit. I just find it strange that the market is seeing something that I am not seeing, because without a doubt I will follow my rights and take up the shares as the majority of their costs for conversion and the acquiring of the right to sell international product has been largely taken up in their last results released today   
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dividendtycoon

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Re: Live chat
« Reply #5710 on: May 30, 2017, 10:50:48 am »
Quote from: gcr on May 29, 2017, 05:03:04 pm
Here's a conundrum which I just can't fathom the logic of the markets reaction to. Taste is instituting a claw back offer wherein existing shareholder can take up (on a ratio basis) additional shares at R 1.50 and that they will rank with the existing shares at the same par value. Now I can fathom that the share should move marginally lower than current prices to offset the greater quantity of shares in circulation. But surely the sellers would want to get a better price for their shares if they were selling based on the price of the share on the announcement date, which as the order of about R 1.95. However I see it is trading at about R 1.76. So buyers should theoretically pay more for the share right now to take advantage of being allocated shares and at the lower price, and they can then sell at a better price above the R 1.50 and make a small profit. I just find it strange that the market is seeing something that I am not seeing, because without a doubt I will follow my rights and take up the shares as the majority of their costs for conversion and the acquiring of the right to sell international product has been largely taken up in their last results released today

It makes sense give the results released yesterday. They were terrible, and I would be quite worried if I had a material shareholding, the cash situation is pretty dire.
To answer more specifically the price will move according to how valuable the market views those R1.50 TAS shares to be issued. Last week people were still prepared to pay R2 for 1 share knowing that they would need to spend R1.50 per share to maintain their existing shareholding.
 I think the point that one can forget is that after you acquire your R1,50 shares, which are about 20% of the total number you have, ALL your shares will (in theory) drop in price at the effective date, to take into account the dilution. So while you may make a profit of say 18c on your 100 R1.50 shares if the share go's to R1,68 after dilution, you will make a loss of 7c (175c-168c) on your original 500 shares after dilution. In that case you would be a net loser, but this is just a theoretical example. Think in terms of a share going ex-div.

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gcr

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Re: Live chat
« Reply #5711 on: May 30, 2017, 12:24:27 pm »
I hold 60,500 of Taste shares and at present they are a tax advantage  :'(. But feel that over the next 5 years their price will improve as the benefits of their 2 primary brands start contributing. Seems pizza's and coffees are the flavor of the decade?
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dividendtycoon

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Re: Live chat
« Reply #5712 on: May 30, 2017, 01:09:01 pm »
Personally I prefer Grand Parade, but at the current share price of TAS not sure I would sell out either. Starbucks and domino's could do very well if they get through the next few years, so patience will be required. Fortunately there is an anchor shareholder with very deep pockets so it is likely they will survive, but I would monitor this one very closely as the cash position would worry me.
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gcr

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Re: Live chat
« Reply #5713 on: May 30, 2017, 02:08:35 pm »
Quote from: dividendtycoon on May 30, 2017, 01:09:01 pm
Personally I prefer Grand Parade, but at the current share price of TAS not sure I would sell out either. Starbucks and domino's could do very well if they get through the next few years, so patience will be required. Fortunately there is an anchor shareholder with very deep pockets so it is likely they will survive, but I would monitor this one very closely as the cash position would worry me.
Now here I differ Grande Parade has wallowed along for years ( 9 to be precise) not knowing what business it wanted to be in from piggy backing on Sun International, their Worcester Casino, Real Africa holdings etc. The problem for me was Hassen Adams made almost daily bulletins on what the business was going to do and also the rapid change of directors. So after all these years in gaming they have decided to focus on foods. Not sure if they have updated their brands data recently as they show all their gaming brands but nothing about dunkin donuts
I used to hold their shares way back but sold out . Their best period seems to have been around September 2014 when the price got to R 7.60 and it has progressively dropped since then - now on offer at around R 3.60
So in my opinion you may have to hold these shares for 10 years to see them get their act together, and I don't believe they are au feit with the food industry - so why go into it :question: 
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dividendtycoon

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Re: Live chat
« Reply #5714 on: May 30, 2017, 03:52:22 pm »
Quote from: gcr on May 30, 2017, 02:08:35 pm
Quote from: dividendtycoon on May 30, 2017, 01:09:01 pm
Personally I prefer Grand Parade, but at the current share price of TAS not sure I would sell out either. Starbucks and domino's could do very well if they get through the next few years, so patience will be required. Fortunately there is an anchor shareholder with very deep pockets so it is likely they will survive, but I would monitor this one very closely as the cash position would worry me.
Now here I differ Grande Parade has wallowed along for years ( 9 to be precise) not knowing what business it wanted to be in from piggy backing on Sun International, their Worcester Casino, Real Africa holdings etc. The problem for me was Hassen Adams made almost daily bulletins on what the business was going to do and also the rapid change of directors. So after all these years in gaming they have decided to focus on foods. Not sure if they have updated their brands data recently as they show all their gaming brands but nothing about dunkin donuts

I used to hold their shares way back but sold out . Their best period seems to have been around September 2014 when the price got to R 7.60 and it has progressively dropped since then - now on offer at around R 3.60
So in my opinion you may have to hold these shares for 10 years to see them get their act together, and I don't believe they are au feit with the food industry - so why go into it :question:
Respectfully disagree completely. I have attended some of their presentations lately as well as the AGM every year , they are very focused on the food business. What they have left of the gaming business is for annuity income, and Grandwest is still a cash cow. They have Burger King and Dunkin Donuts/Baskin Robbins, but also a big chunk of Spur now (about 18%). I believe Hassen Adams wants control of Spur, which has been grinding out profits and dividends since 1987.
I have been holding this share since 2010 and am a big shareholder, so may be biased, but think their capital allocation skills much better. Since 2010 I have received R1.72 in dividends, TAS shareholders about 25c. In 2010 there were about 200m TAS shares, after latest rights issue about 460m. In 2010 there were about 469m GPI shares, after recent buybacks about 450m. GPI could also probably sell remaining gaming assets for about R1,5bn, who knows what TAS will get for jewellery biz, but not even half of this. GPI cash flush without even selling gaming assets, TAS on their knees without rights issue and selling jewellery.
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