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I could have bought a top end four by four with what I lost.

When you're just after dividends you can afford to care less about share prices. In fact lower prices means you can buy more with a higher yield.

Can anyone help me make sense of the TFG slaughter


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Can't see a reason - in late March they announced that Sanlam had increased its holding in TFG
Also results released are not too shabby given the current economic situation and dividend increased by 10.9%

More pain in my portfolio today.

@ Supersonicbaron:  Also not an expert but look at the SFP, an increase in the interest bearing borrowings of R2 000m. Investigation into the SCF reveals a negative cash flow from operations despite the profit shown in SPLOCI.  To reverse the negative cash flow, TFG made borrowings of about R2 000m (also shown in SCF, in the cash from financing section.) This coupled with a rise in interest rates expected at the end of this year is enough to make investors fearful imo and that's why TFG is tanking. Nothing like a R2b+ interest bearing monster lurking to make you run for the hills. But yeah, no expert, just an opinion.

SFP:  Statement of Financial Position
SPLOCI: Statement of Profit or Loss and Other Comprehensive Income.
SCF:  Statement of Cash Flows

Were we allocated 200K this morning instead of 100K?

Yes, that is why I is asking Patrick ? I allready used mine