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I did something I never thought I would - cashed in my SAB at around 760... 

The first share I ever owned - served me very well. At least I'm on the CGT side of the tax hammer.
Always thought this would be the one that would be passed from generation to generation starting something of a 'small legacy'.

Then read a lot and some more and by accident tuned-in to the money show on 702 on my way home somewhere last week and realised that I cannot and should not hold on forever.
I've already made this mistake a couple of times as "I want to invest, not trade"...

I simply don't have a solid enough argument to question Garth Mackenzie et al's "take the money and run" stance on SAB.
Even if the 'big deal' happens, a helluva lot of good news is already priced in, in anticipation... and if it doesn't, well then I suppose a drop will be inevitable.

There's a lot of costs to be saved in SAB and InBev will likely be able to do so (http://www.moneyweb.co.za/news/companies-and-deals/sabmiller-better-get-ready-for-a-ceo-who-doesnt-like-to-have-fun/), but will that be enough?
ABInB wants Africa and they can only get it through SAB - but that's a lot of baggage to carry for a short trip...

In a way, I hope I'm wrong about my sale.
But for now, I'm pulling a Patrick and heading more towards the indexes to ride out the storms (INDI and DIVTRX being at the top of my list). Doubt that going forward 'megabrew' would be able to consistently outperform that which one can already earn with a lot less risk and panic via an index/ETF.

I might even wager a bet on more Sasol and some Discovery who I think represent some better and honest 'blue-chip' JSE value without having to work too hard for it.

SAB will remain firmly on my watchlist though... however long they remain on the JSE.

I would advise you to be very pedantic regarding base costs when switching your portfolio as it could significant implications when dealing with SARS on issues of CGT. Also I have a view that the receiving broker should record the original date on which you purchased the counters as the transfer from present to future broker is nothing more than an electronic transfer of counter volumes and there should be no price movements. When you come to sell a counter there should not be a necessity to convince SARS that you have held the counters longer than the prescribed 3 year period - the burden of proof should not be with you.
So once transferred - just check that the new records reflect the reality of when you purchased the counters and that the base figures are reflective of when you purchased them

Thanks, some very valid points - I didn't consider the tax implication.
Anyone with experience on transferring into EE? Holdings with multiple purchases at multiple price-points - is the EE portal showing this correctly for you?

Actually, once read something that said that the best performing portfolios are those where they are:

Ether in probate, the owner has died or the owner has forgotten about them.

Very much the opposite of watching them 

Well this owner might just die from watching them...

I see there was yet another sale by a PGR director on Tuesday. Same one as last week.
http://www.peregrine.co.za/SENSRead.aspx?cid=cbd9a227-3afd-4763-ba4e-bc50c1dbc0fa

Not comforting if they seem to have little faith during these times - I would have preferred seeing directors buy at these cheap prices... What's up?

Tomorrow she will go up again or I will sneak back here when no body is looking and delete this post.

I'm seeing a buying opportunity here and not the doom and gloom. 

Mmm... another 4% down in less than an hour this morning... Hope to heavens you are all 100% right. We all know (or rather hope... believe...) that this is just temporary, but exactly how temporary is 'temporary'...

http://www.cnbc.com/2015/08/20/markets-ride-wave-of-global-meltdown-fears.html

http://www.theguardian.com/business/live/2015/aug/21/stock-markets-tumble-global-growth-china-ftse100-live