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NPN 425.00 cents - LDT: 2014-09-22
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It may take a little while, my JSE link vanished with the website upgrade. I'm looking for a replacement.Mmm!!
Standard Bank launched a listed palladium ETF on 24 March 2014.
In addition to the AfricaPalladium ETF (exchange traded fund), the AfricaGold and AfricaPlatinum ETFs listed on 7 April 2014.
Standard Bank Group was the first bank to list local ETNs (exchange trade notes) on the Johannesburg Stock Exchange in 2010 with the launch of ETNs that track the performance of gold, platinum, palladium and silver followed by the Africa Equity ETN.
The commodity ETFs offer investors a different investment class with several benefits including exposure to the physical commodity, some level of protection from negative real interest rates. Regulation 28 of the Pension Funds Act specifically allows for commodity exposure of up to 10 % through ETF's and ETN's. AfricaETF investors will have the option of physical delivery of the metals should they hold the necessary approvals, alternatively settlement in cash at the equivalent metal value on redemption of the ETF.
The AfricaPalladium, AfricaGold and AfricaPlatinum ETFs will be treated as local assets and have no exchange control implications for investors.
LT portfolio =
Your only options at this stage are: be active ( i.e. short or go for gold) or inactive (i.e. hold on, don't look at your positions and come back when its over.)
Orca, no you confused. The chart you posted shows the May month gap. The one we talking about is the 8 November gap. Moneypennies chart also shows the Novemebre gap.Nov gap caused buy a rights issue, effectively diluted the share price. So it's not a gap that would be generally closed by traders.
The Rights Offer will consist of an offer of 685 281 693 new ABIL ordinary shares (â??Rights Offer Sharesâ?)
at a subscription price of 800 cents per Rights Offer Share. The subscription price is at a discount of
38.72% to the theoretical ex-rights price of an ABIL share of 1305 cents on 30 October 2013. The
subscription price represents 92% of the tangible net asset value per ABIL share before the rights offer
and 98% of the equivalent number after the rights offer. Rights Offer Shares will be issued to qualifying
shareholders in the ratio of 84 (eighty four) Rights Offer Shares for every 100 (one hundred) ABIL Shares
held on the record date for the Rights Offer, being close of business on Friday, 15 November 2013
("Record Date"). Fractions of Rights Offer entitlements will not be allotted and each qualifying
shareholderâ??s Rights Offer entitlement will be rounded to the nearest whole number in this regard (unless
a qualified shareholder is entitled to less than 0.5 of a Rights Offer share, in which case the entitlement
will be rounded down to zero).
Hi All,Wouldn't touch Gijima with a barge pole.
Im new to this forum and also fairly new to trading,
I want to invest in the following companies, I have made up my mind to invest in them over the short term ( 1 - 3 years ) but would like know your thoughts on them
GLN - Glencore Xstrata
GIJ - Gijima Holdings
AQP - Aquarius Platinum
Thanks again
Junz