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Author Topic: Live chat  (Read 2927106 times)

Patrick

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« Reply #2130 on: May 15, 2015, 05:17:13 pm »
Very true blood burner. Like in real life, higher risk can bring higher reward. Not sure I'd want to put all my real life money into so few shares though.l
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gcr

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Re: Live chat
« Reply #2131 on: May 15, 2015, 06:44:41 pm »
I don't know how many people read through the sens notifications out of the JSE daily - I tend to read extensively.
Ryan Otto of Ellies has taken many zero cost collars and many of them have ended up with what I think is a cost to him as the strike price and the execution price are a mismatch. Not sure how he is paying off these losses but I see many of these zero cost collars were "pursuant to a pledge and securities loan arrangement" Do we have a bright spark on this forum who can explain these zero cost collars and whether this Otto fellow is taking a bath or not. Also see that he holds some 8.57% of the companies shares Elli Salkow (the original owner now chairman) hold 29.27% and Mazi Capital - some obscure investment house hold 17.79% of Ellies
Anybody capable of throwing some light on this operation - I used to hold Ellies but got out when they were just over R 3.50 and now they are languishing at 97 cents
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Mr_Dividend

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Re: Live chat
« Reply #2132 on: May 16, 2015, 09:57:33 pm »
Quote from: Patrick on May 15, 2015, 05:17:13 pm
Very true blood burner. Like in real life, higher risk can bring higher reward. Not sure I'd want to put all my real life money into so few shares though.l

I am sure rules have been debated - and maybe the way you have it is best. I would be interested to see what the portfolios would be if you where not allowed to spend more than 20% of your total holdings on 1 share. I very quickly fell into the hold one share for big gains bucket - not that it worked for me, I'll be happy now just finishing in the 100's and getting out the 200's.

But then we might debate a person buying 5 junior coal miners and if that was realistic for an investment club - there will always be something!

Have found it very interesting - esp the way the ETF's perform. And kudo's on the programming - I am sure you command top dollar!
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Moneypenny

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« Reply #2133 on: May 17, 2015, 08:36:26 pm »
Tsk, tsk. Et tu Brute?
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Orca

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« Reply #2134 on: May 18, 2015, 12:33:29 am »
D Day for CML Monday.
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Nad_Inagap

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« Reply #2135 on: May 18, 2015, 06:54:41 am »
@GCR, I think its the opposite actually. The collar locks in a trading range and the difference is paid out.:
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Nad_Inagap

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« Reply #2136 on: May 18, 2015, 06:55:02 am »
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Mr_Dividend

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Re: Live chat
« Reply #2137 on: May 18, 2015, 08:17:51 am »
Quote from: Moneypenny on May 17, 2015, 08:36:26 pm
Tsk, tsk. Et tu Brute?

Let me suck on my sour lemons in peace...

 :)
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Bevan

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Re: Live chat
« Reply #2138 on: May 18, 2015, 09:07:56 am »
Quote from: gcr on May 15, 2015, 06:44:41 pm
... Ryan Otto of Ellies has taken many zero cost collars.....cents

GCR, as a major shareholder of Ellies Ryan would be wanting to protect his downside. He can do this by buying a put e.g. Ellies trading at spot of 120 cents, he would buy a put for a strike of 100 cents (for instance) and pay a premium of 2 cents (for example). However, he wouldn't want to pay this premium over millions of shares so he would then sell a call for a premium of 2 cents, thus making it a zero-cost collar. The strike price for the call would be worked out so that it is worth a premium of 2 cents e.g. strike could be 135 cents. Thus he gets downside protection but is exposed to risk on the upside. However, as he owns physical shares, his upside risk is negated because he can always sell his shares to cover any financial payout he would have to make if the call was exercised.
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Patrick

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Re: Live chat
« Reply #2139 on: May 18, 2015, 11:41:40 am »
Quote from: Orca on May 18, 2015, 12:33:29 am
D Day for CML Monday.
What's supposed to happen with CML today Orca?
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Mr_Dividend

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Re: Live chat
« Reply #2140 on: May 18, 2015, 11:52:52 am »
results should be out this week - show me that fat dividend!
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Orca

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Re: Live chat
« Reply #2141 on: May 18, 2015, 12:40:39 pm »
Correction. D Day for CML is tomorrow. FY results.
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Patrick

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Re: Live chat
« Reply #2142 on: May 18, 2015, 12:57:59 pm »
Quote from: Mr_Dividend on May 16, 2015, 09:57:33 pm
And kudo's on the programming - I am sure you command top dollar!

I do ok, but I'm paid to be a manager not a developer. I was paid to be a developer, but when you're good at something the powers that be make you stop doing that and start managing people who aren't as good. Makes no sense to me. They should hire a manager who's a good manager, and I'll do what I'm good at. The only other rule that needs to change is the one that says the manager should earn more than technical staff.
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jaDEB

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« Reply #2143 on: May 18, 2015, 03:13:13 pm »
I use to work with a Rep that was higher paid than manager, was very good in his Job, thus they could not make him manager.
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jaDEB

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jaDEB

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« Reply #2144 on: May 19, 2015, 08:10:18 am »
CML results out.
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jaDEB

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