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Messages - Bundu

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61
The Investor Challenge / Re: Blog post: Those $%@#$^ fees are blatantly robbing you
« on: December 22, 2014, 12:17:58 pm »
Quote from: Patrick on August 26, 2014, 08:18:41 am
True, I'm with ABSA so it's R800 a year, but if I trade 5 times a year it's free. Interestingly, the minimum trade charge is R120, so 5 trades would be R600 not R800. If I find I haven't traded in a year I'll just buy 5 penny shares and save myself R200 :)

AFAIK they have now changed that and you will pay a monthly fee UNTIL you have traded 5 times..... sleezy way that they have changed it...

62
Shares / Re: Easy Equities, any opinions?
« on: November 04, 2014, 11:05:17 am »
IIRC their interest on cash that they hold is very low, so for people that normally hold quite a bit of cash for when there are buying opportunities, it may not be the best option

63
Shares / Re: Tax
« on: September 22, 2014, 12:10:34 pm »
Quote from: Alsie 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.

lekker skelm!  ;D ek like!  :TU:

will see what my profits are for the year and then take a decision

64
Shares / Re: Tax
« on: September 20, 2014, 12:03:45 pm »
Quote from: jaDEB on September 20, 2014, 09:49:06 am
Ouch, maybe in future try and stick to a stoploss, I know it is not easy. Lots of companies are also in ABL, i.e. coronation. I think if you bought under R8, there might be small change that u can recover a bit. If u claim now and say u get something back in Feb, how will u treat it then, maybe wait till then. And claim next year. The bank is operating, and if Feb the offer to shareholders is dismall all will climb out and it will fold, thus the offer will need to be kinda ok. But yes good luck, I feel for u, will drink 2 Rennies and a play on your behalf now.

I'm with ABSA stockbrokers and they don't have a standard stoploss function AFAIK  :-[

I will wait for a while and see what happens in 2015 and only act if any of my buys approach 3 years holding  :o

65
Shares / Re: Tax
« on: September 19, 2014, 08:05:42 pm »
Quote from: Alsie 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.

yip, that's what I was also thinking of trying - if SARS wets their pretty panties, they're welcome to take over my holdings in ABL  :LHST:

66
Shares / Re: Tax
« on: September 19, 2014, 08:04:12 pm »
Quote from: jaDEB on September 19, 2014, 03:33:34 pm
Yip also have small amount bought at R1, thus you cannot show loss till they announce next year what is happening. Say you add as loss now (which u cannot) and then next year the share (good bank / bad bank / ugly bank) and you get share back - say R20 a share  :LHST: - no say you get rights to buy share in good bank, but you can sell your rights for say R20.00 a right, no  :LHST:, say 8c. then you have not made a 100% loss.

What did you buy it at.

I bought at various stages (catch a falling knife comes to mind.....), but in total, my loss is about R350k - around R107k I can prove, as I sold a batch at about R8

excuse me now....... I need a Rennies   ;) :'( :mad: :wall:

67
Shares / Re: Tax
« on: September 19, 2014, 02:29:36 pm »
so I got stuffed pretty well with the ABL collapse  :'(

Does anybody know how I can deduct these losses from my share profits for tax purposes?

I still own quite a lot of the shares, but can't sell them now to "bank" my loss and don't want to wait till they turn into a CGT loss.......

68
Shares / Re: African Bank
« on: August 11, 2014, 03:46:57 pm »
Quote from: jaDEB on August 11, 2014, 01:53:40 pm
Hopefully when they offer current shareholders rights to new Good Bank, A person can sell the rights.

Must say for our SARB to come up with the names, Good Bank and Bad Bank ? must have taken a lot of thought. What next, a colour in competition to work out the new logo's for Good Bank and Bad Bank.

Ag well, will right it down and out in my Bransby and 1time file. File getting big there jaDEB ...  :frustrated:

no, AFAIK that lame arsed ABL board came up with the names, as stated in their 6Aug sens

69
Shares / Re: African Bank
« on: July 07, 2014, 12:57:34 pm »
no, Ellerines is not worth R10B and that fact has been in the ABL share price for some time - Ellerines is just costing them money, so if they get R4B for it, it's probably good for ABL, no further losses

70
Shares / Re: A Dividend question
« on: April 16, 2014, 07:19:27 pm »
Quote from: Snakepit on April 13, 2014, 08:35:11 am
Is there a website anywhere that will give me a summary of shares that pay dividends with the following information:
Share price
Dividend information
and most important, how often and when normally based on past payout dates.

Why - I want to build an income portfolio out of dividend stocks. Bugger the growth. I want a dividend income every single month for 12 months per year. To me it's all about cashflow!

Yes I can go into every stock/ETF/ETN and go and look at this on a chart but what a slep! Surely there must be a website where this is logged?

Yes this site does help but it does not have past dates and how often - http://www.topyields.nl/Top-dividend-yields-of-JSE.php

have you had a look at this site? http://www.topyields.nl/Top-dividend-yields-of-JSE.php

71
Shares / Re: PNC
« on: April 16, 2014, 07:16:29 pm »
Quote from: Orca on April 16, 2014, 07:09:36 pm
Glad I held on as I had my finger on the trigger.

same here - next week Thursday 1st court date :-[

72
Shares / Re: Tax
« on: April 07, 2014, 11:17:29 am »
No, your specific marginal tax rate at your own earnings is used AFAIK

73
The Investor Challenge / Re: investor challenge
« on: April 03, 2014, 03:20:59 pm »
Quote from: alf101 on April 03, 2014, 02:35:15 pm
Why is YRK - York timber not available to buy?

my guess would be too illiquid

74
Shares / Re: PNC
« on: March 26, 2014, 08:58:27 pm »
Quote from: Orca on March 26, 2014, 08:52:23 pm
Arnold Fourie is known as a great CEO that thrives on turning bad Co's around and his cost cutting measures. I still have faith in him to get this sorted.

agreed, partly because I bought another 10 000 today  O:-)

75
Shares / Re: Tax
« on: February 26, 2014, 10:41:43 am »
yes

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