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Shares / Re: Basil Read - BSR
« on: August 27, 2024, 12:16:29 pm »
So yours could also possibly be deducted off your profits if your broker provides you with documents for SARS
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2
Shares / Basil Read - BSR
« on: August 26, 2024, 11:10:36 am »
did anybody here own Basil Read (BSR) shares?
From what I understand, they were initially halted from trading and have now been delisted on the JSE.
Would one now be able to claim the losses from your trading gains?
From what I understand, they were initially halted from trading and have now been delisted on the JSE.
Would one now be able to claim the losses from your trading gains?
3
The Investor Challenge / Re: Portfolio incorrect
« on: October 31, 2019, 12:49:27 pm »
again at the moment:
HERE ACTUAL
AGL R339.12 R382.65
NPN R2 250.00 R2 149.25
HERE ACTUAL
AGL R339.12 R382.65
NPN R2 250.00 R2 149.25
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The Investor Challenge / Re: Portfolio incorrect
« on: October 30, 2019, 05:30:49 pm »at the moment MEI, IMP, WHL, but I think earlier today AGL was like 17% off
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The Investor Challenge / Re: Portfolio incorrect
« on: October 30, 2019, 04:54:55 pm »
share prices seem to now very seldom be anything like actual market prices - Is this site dying a slow death?
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Shares / Re: Naspers (NPN) - reaching all time high?
« on: September 17, 2019, 04:41:46 pm »
thanks! How did you determine that value?
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Shares / Re: Naspers (NPN) - reaching all time high?
« on: September 17, 2019, 03:11:59 pm »
anybody know what the Prosus opening price is in order to calculate the CGT for people that received free Prosus shares?
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Shares / Re: Naspers (NPN) - reaching all time high?
« on: July 17, 2019, 05:08:51 pm »
the way I understand it, is that you will get Prosus shares that will be listed on the JSE, but are dual listed here with main listing in Amsterdam, so no separate trading account or tax issues
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Shares / Re: Naspers (NPN) - reaching all time high?
« on: July 10, 2019, 03:30:46 pm »I want to keep Nasper, as u still have 75 % of Newco + Takealot ? Am I wrong ?
with the default option you do keep your NPN and get Prosus? don't you?
with the other option, you just get about 37% more NPN and no Prosus
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Shares / Re: Naspers (NPN) - reaching all time high?
« on: July 10, 2019, 11:09:47 am »Correct, that is how I also read it. I was taught, first make your Investment decision, then, only then, do you look at tax implication. Do not let CGT be the start point, your investment 1st, then Tax. It is at this point Patrick starts getting upset and start shouting at me.@jaDEB read the below article and maybe reconsider your strategy? It also explains the tax implication better.
Go . . . . .
https://mayaonmoney.co.za/2019/07/nasperss-euronext-listing-plan-a-sting-in-the-tail-for-retail-investors/
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Shares / Re: Naspers (NPN) - reaching all time high?
« on: July 09, 2019, 08:41:49 pm »You take your Total Valued paid for your NPN Shares say you bought 100 at R 1000 total (imagine), now you have 120 (new Quantity) bought at R 1000 total.
Please note I only have Standard 6 Lower grade maths.
yes, that's probably if you choose to take more NPN, but I'm wondering if one takes Newco.... I'll get fully taxed on the total value of Newco and thereafter on the gain above the launch price and my base cost for NPN will remain the same?
I wish there was a simple document that explains all these options and consequences
12
Shares / Re: Naspers (NPN) - reaching all time high?
« on: July 09, 2019, 01:40:05 pm »The Newco shares will be pure Profit, i.e if you get R100,000 worth of Newco, that will be applicable to CGT as if you sold NPN.
That is my understanding and I based my decision on that.
In terms of the proposal, shareholders will receive new Naspers M-shares as a capitalisation issue, which do not have immediate tax liabilities. Capitalisation shares are exempt from dividend tax, but CGT become payable whenever the shares are sold
The circular states that the initial cost of these shares for the purposes of CGT will be deemed to be nil, meaning that the full value of the shares will attract CGT whenever a shareholder sells them. The M-shares are automatically replaced by NewCo shares, which is effectively seen as two separate transactions: the sale of M-shares and the purchase of NewCo shares.
Aaah OK, that makes sense now, but what will my NPN base cost be after the transaction, seeing that the NPN share price will drop, probably by about 25% of the Newco market cap (I think......)?
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Shares / Re: Naspers (NPN) - reaching all time high?
« on: July 09, 2019, 11:33:02 am »
I saw this yesterday - so with the default option, one keeps your NPNn shares and gets Newco/Prosus shares
I still don't understand where the CGT comes in?
I still don't understand where the CGT comes in?
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Shares / Re: Naspers (NPN) - reaching all time high?
« on: July 04, 2019, 12:08:01 pm »I also will take Newco option on mine.
do you know how the tax will be calculated if one goes the Prosus route?
I assume one will retain your old NPNn shares
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Shares / Re: Naspers (NPN) - reaching all time high?
« on: June 11, 2019, 04:43:25 pm »
thanks Moonraker 
what I find a bit weird, is that the normal NPN share should drop when Newco splits off, how come that drop is not discounted and the full value of the new shares are taxed? or am I missing something?
I think I'm gonna take the Newco shares, even if it means an immediate tax burden........
what I find a bit weird, is that the normal NPN share should drop when Newco splits off, how come that drop is not discounted and the full value of the new shares are taxed? or am I missing something?
I think I'm gonna take the Newco shares, even if it means an immediate tax burden........