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Messages - carfan

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Shares / Esor
« on: March 13, 2014, 04:23:16 pm »
Does anyone have any thoughts on Esor?

Obviously have taken a hammering of late, post the sale of the Geotech division and subsequent special divi.

However currently trading at near 80% discount to NAV (tangible if I'm not mistaken). Civils loss making contracts out the way and division restructured. Pipelines growing. Developments not contributing too much, but not loss making. Bernie (CEO) sounds positive on way forward.

Maybe an overreaction in the market?

2
Shares / Re: Attacq
« on: October 08, 2013, 03:32:33 pm »
I believe they have closed the private placement already (this morning some time) due to the level of interest they received. Also adjusted the price to R14.50 rather than R15.

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Shares / Re: Can you be both a trader and an investor (tax wise)
« on: May 30, 2013, 02:20:50 pm »
Ah I see what you're asking.

You will be taxed on the trading profit (R100 000) along with all your other income (salary in this eg) at your marginal rate. I say that because you will, or should in any case, declare the trading profit as such - and not as a "Disposal of Shares" in the capital section of your income tax return.

So I'd not hesitate is deducting all related expenses, losses etc incurred through your trading account.

4
Shares / Re: Can you be both a trader and an investor (tax wise)
« on: May 30, 2013, 10:28:03 am »
From my experience Orca is spot on the money. SARS will not see you as one all encompassing entity in his example - as an individual you are well within your rights to own a property on capital account (primary residence) and a second property on revenue account (rental property). These are treated differently for the purposes of your tax submission.

The same goes for your investment portfolio versus your trading account (recommended that you keep them separate). Your intention in your investment portfolio is clearly capital in nature, as will most likely be evident in your treatment thereof (ie you won't necessarily be buying and selling, in other words trading, with this account). While your intention in your trading account will be one of generating revenue. It all comes down to intention.

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