1051
Shares / Re: African Bank
« on: August 13, 2014, 10:45:33 am »
hehe!
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1052
Shares / Re: Naspers (NPN)
« on: August 13, 2014, 10:42:05 am »
As Moon said:
‘NPN downgraded to ‘BB’ (from BBB) & to 'B' (from F3) reflecting deterioration in group’s profitability mainly due to its high development spending.’
‘Visibly the future cash flow generation is limited.’
‘Outlook stable’
Debt cut to ‘junk’ status.
www.fitchratings.com/creditdesk/reports_frame.cfm?rpt_id=749393
Currently trading 140799
‘NPN downgraded to ‘BB’ (from BBB) & to 'B' (from F3) reflecting deterioration in group’s profitability mainly due to its high development spending.’
‘Visibly the future cash flow generation is limited.’
‘Outlook stable’
Debt cut to ‘junk’ status.
www.fitchratings.com/creditdesk/reports_frame.cfm?rpt_id=749393
Currently trading 140799
1053
Shares / Re: Today's Outlook
« on: August 13, 2014, 10:21:52 am »
I get this feeling we’re just hovering around, waiting for something to happen.
Telkom & Naspers both still unrelenting in setting up new highs, TKG 5675 (currently -1.81% @ 5532), NPN 142128 (currently @ 140624 {-0.78%} ).
Abil placed under curatorship from 16:00 on 10/8 and suspended from trading, but I guess that’s old news for most of you.
T40 @ +0.51% @ 46 502, Satrix INDI @ 5978 (+3.42%) atm.
VIX 14.13 -0.70%, F&G 8 ‘Extreme Fear', previous close 7.
Europe green atm, US futures green.
Telkom & Naspers both still unrelenting in setting up new highs, TKG 5675 (currently -1.81% @ 5532), NPN 142128 (currently @ 140624 {-0.78%} ).
Abil placed under curatorship from 16:00 on 10/8 and suspended from trading, but I guess that’s old news for most of you.
T40 @ +0.51% @ 46 502, Satrix INDI @ 5978 (+3.42%) atm.
VIX 14.13 -0.70%, F&G 8 ‘Extreme Fear', previous close 7.
Europe green atm, US futures green.
1054
The Investor Challenge / Re: Looks who's article is on news24
« on: August 13, 2014, 09:54:13 am »
That's so cool, well done!
1055
The Investor Challenge / Re: Blog: Your car doesn't cost you R5800pm it costs you a million dollars you fool
« on: August 08, 2014, 01:25:33 pm »
Well written P, 
and it makes perfect sense, but I agree with your SO.
To sum up: “Anyone who believes that a second is faster than a decade did not live life.” JS Foer
and it makes perfect sense, but I agree with your SO. To sum up: “Anyone who believes that a second is faster than a decade did not live life.” JS Foer
1056
Shares / Re: African Bank
« on: August 08, 2014, 01:04:06 pm »Bought small amount 3000 only @ R1. If I lose it I will blame MoneyPenny
Now you're just begging me to slap you around a bit.
1058
Shares / Re: Today's Outlook
« on: August 07, 2014, 03:14:07 pm »
SA business confidence at 15-year low
From Business Report:
http://www.iol.co.za/business/news/sa-business-confidence-at-15-year-low-1.1732115
Johannesburg - South Africa's business confidence fell to its lowest in 15 years in July, amid concerns that rising wage demands by unions will lead to higher unemployment, a survey by the South African Chamber of Commerce and Industry showed on Thursday.
The Sacci business confidence index dropped to 87.9 in July from 89.7 in June, the lowest level since September 1999, Sacci said in a statement.
“Sacci is concerned about the employment outlook,” the industry body said in a statement.
“Rising unemployment is one of the immediate consequences of high wage demands supported through strike activity.”
Employers in the platinum mining, metals and engineering sectors have signed double digit wage increase deals this year to end protracted strikes that are likely to dent growth in Africa's most advanced economy. - Reuters
From Business Report:
http://www.iol.co.za/business/news/sa-business-confidence-at-15-year-low-1.1732115
Johannesburg - South Africa's business confidence fell to its lowest in 15 years in July, amid concerns that rising wage demands by unions will lead to higher unemployment, a survey by the South African Chamber of Commerce and Industry showed on Thursday.
The Sacci business confidence index dropped to 87.9 in July from 89.7 in June, the lowest level since September 1999, Sacci said in a statement.
“Sacci is concerned about the employment outlook,” the industry body said in a statement.
“Rising unemployment is one of the immediate consequences of high wage demands supported through strike activity.”
Employers in the platinum mining, metals and engineering sectors have signed double digit wage increase deals this year to end protracted strikes that are likely to dent growth in Africa's most advanced economy. - Reuters
1059
Shares / Re: Today's Outlook
« on: August 07, 2014, 08:20:01 am »
FTSE ended -0.70%, DAX -0.65%, CAC -0.61%, MIB -2.70%, Stoxx600-0.93%.
Dow +0.08%, Nas +0.05%, S&P +0.01%, futures up (+0.2% range)
VIX @ 16.37 @ -2.96%, F&G @ 6 EF
Alsi ended -0.50% @ 51 091, T40 -0.42% @ 45 916.
Up Sibanye +4.95% @ 2716, Mittal +4.07 @ 3964, Harmony +3.85% @ 3397, Curro +3.38% @ 2688.
Major down Abil -60.76% @ 270, Assore -4.82% @ 33105, MrPrice -2.93% @ 19900.
New high Grandparade @ 690, Supergroup intraday @ 3172, new low Abil @ 270, Ellies @ 226, Lonmin @ 3945.
Asia all red, Nikkei turned green to +0.40%, back down again to +0.25%.
T40 @+259 pips +0.57% (8:13am)
Dow +0.08%, Nas +0.05%, S&P +0.01%, futures up (+0.2% range)
VIX @ 16.37 @ -2.96%, F&G @ 6 EF
Alsi ended -0.50% @ 51 091, T40 -0.42% @ 45 916.
Up Sibanye +4.95% @ 2716, Mittal +4.07 @ 3964, Harmony +3.85% @ 3397, Curro +3.38% @ 2688.
Major down Abil -60.76% @ 270, Assore -4.82% @ 33105, MrPrice -2.93% @ 19900.
New high Grandparade @ 690, Supergroup intraday @ 3172, new low Abil @ 270, Ellies @ 226, Lonmin @ 3945.
Asia all red, Nikkei turned green to +0.40%, back down again to +0.25%.
T40 @+259 pips +0.57% (8:13am)
1060
Shares / Re: Today's Outlook
« on: August 06, 2014, 12:29:33 pm »
Dow ended -0.85%, Nas -.070%, S&P -0.98%, futures red (-0.1% to -0.2% range).
Asia ended all red.
Europe passionately red atm (GDP concerns), negative >1% all of them.
VIX +11.57% @ 16.87, F&G @ 5 ‘Extreme Fear’
T40 -0.43% @ 45 944 atm, only TKG, HAR standing tall @ >1%.
Abil right in front on the negative side after year loss, CEO quits. Running at -62.5% now.
Some potential good news: New experimental serum called ZMapp might help fight Ebola, don’t pack your bags just yet Patrick, still early days. Ebola now in Sierra Leone, Guinea, Liberia and Nigeria, (also Atlanta and London but contained in hospital so far) 1600 infected, 800 dead.
Asia ended all red.
Europe passionately red atm (GDP concerns), negative >1% all of them.
VIX +11.57% @ 16.87, F&G @ 5 ‘Extreme Fear’
T40 -0.43% @ 45 944 atm, only TKG, HAR standing tall @ >1%.
Abil right in front on the negative side after year loss, CEO quits. Running at -62.5% now.
Some potential good news: New experimental serum called ZMapp might help fight Ebola, don’t pack your bags just yet Patrick, still early days. Ebola now in Sierra Leone, Guinea, Liberia and Nigeria, (also Atlanta and London but contained in hospital so far) 1600 infected, 800 dead.
1064
Shares / Re: High yielding dividend income strategy questions
« on: August 04, 2014, 08:13:18 pm »
1. LDT, seconds before auction is fine. (usually 16:50)
2. No, you may sell ex div next day (usually Monday) but remember point 3:
3. When share trade ex div the following day (usually Monday but not always), the price will fall accordingly (because of opening auction 8:50), and also watch out for tax (3yr tipping point)
2. No, you may sell ex div next day (usually Monday) but remember point 3:
3. When share trade ex div the following day (usually Monday but not always), the price will fall accordingly (because of opening auction 8:50), and also watch out for tax (3yr tipping point)