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Messages - Alsie

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Shares / Re: Pulverized Sand Box
« on: April 08, 2015, 07:50:11 am »
As far as NPN goes - when I bought in @ R549 the shares were "fully valued".
When I doubled up my holdings @ R987, the shares were "expensive".
Now at R1870 they are "overvalued".
I wander what they will be @ R2,500 ???

Shares / Re: Long Term Portfolios.
« on: March 26, 2015, 12:54:13 pm »
Surely one can only eat fish once your ship comes in? 

Shares / Re: Naspers (NPN)
« on: March 20, 2015, 10:53:45 am »
I found this some time ago

Shares / Re: African Bank
« on: February 18, 2015, 12:08:00 pm »
Interesting new article @
Especially this:
This deal essentially involves giving secured creditors (those with collateral) 90 percent of the value of their loans and giving all other lenders and equity-holders nothing at all. In the meantime, the story of African Bank’s bad balance sheet continues, and it doesn’t look like the unsecured lenders will find much sympathy for their concerns. For now it’s Hobson’s choice, it’s either [the deal] or nothing, and if they don’t take the deal they’ll go into liquidation, which would cause a lot more pain, more unemployment… You don’t want that knocking on the door of the South African economy as a whole.

Shares / Re: Pulverized Sand Box
« on: November 15, 2014, 07:58:28 am »
The lessons to learn are to choose carefully and not to wait before you start investing

Shares / Re: Tax
« on: September 22, 2014, 12:54:02 pm »
Not skelm.  Fully compliant with the letter of the law

Shares / Re: Tax
« on: September 22, 2014, 11:48:43 am »
I will still try to claim the loss for this tax year if possible.  If it so happen that the worth goes beyond the 31c in future, then ride the 3 year time out and make a capital profit.

Shares / Re: Tax
« on: September 19, 2014, 03:55:18 pm »
If things stay as it is now up until 28 February, I would claim the loss down to the 31c at which the shares were suspended. There clearly is a case to be made for this being a "realised" loss, only being prevented by reason of the suspension.  Whatever the eventual value is that can be realised some time in the future, must then be calculated with the 31c as basis. I advise you to do this and see how SARS react.  If they allow,  :D ;D :TU:, if not, you are not worse off. Don't make an issue of it, just do it on the schedule that you lodge together with your return.

Shares / Re: African Bank
« on: September 12, 2014, 07:18:43 am »

Shares / Re: Steinhoff
« on: September 12, 2014, 06:58:53 am »
This supports my sentiment of good upside potential still.   ;) ;D

Shares / Re: Pulverized Sand Box
« on: September 10, 2014, 01:32:22 pm »
I used the opportunity to top up.
For some reason the market is very jittery on this share with the Tencent link.
Apparently the current pull back was in anticipation of the Alibaba IPO.
With a successful IPO I expect an overreaction to the positive on NPN again.
At current prices the shares are cheaper than the value of the Tencent holdings alone and all other business are for free!!

Shares / Re: Pulverized Sand Box
« on: September 10, 2014, 10:58:31 am »
I used the opportunity to top up

Shares / Re: African Bank
« on: September 08, 2014, 07:24:43 am »
Verster explained that the South African Bonds were not trading. “They are part of the suspension, similar to the Common Equity. Some money market funds and income funds have adjusted their evaluation or frozen that part of their portfolio, so some investors, when they request a redemption from an income fund of R100, might get R93 and R7 will be held behind, because that is the African Bank exposure. No one really knows the true value, but I would guess it would be close to 90% of the previous value.”  In the whole reorganisation, there’s a good bank and a bad bank, said Verster. “The bad bank gets bought out of Abil at R7bn for R17bn loan book. That leads to an impairment of R10bn in the listed entity, so the listed entity is insolvent.

“There is also a buy-out of the good book of R26bn from the listed entity into a good bank, so there’s an asset of 26. However, the debt holders also go long, which is 90% of R40bn of debt. That is R36bn, so you have 26 of loan book and 36 of the liability. That leaves a 10% funding shortfall. That’s where the consortium of banks are coming in.”

“The banks will want to exit because they are not in the business of owning stakes in other banks,” he said. “The good bank will then list and allow that consortium to be replaced as the shareholder, by public shareholders, so there’s quite a process still to come.  In that whole process there is some value attached to the current Abil shares …”

Shares / Re: Steinhoff
« on: September 04, 2014, 11:16:30 am »
I see myself as a long term investor and this one deserves a place.
Don't understand the massive sale, but have topped up at the lower level.

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