301
Shares / Re: Pulverized Sand Box
« on: May 29, 2016, 10:40:53 am »
Pink floyd - The Wall >>
Maybe before your time J.
Maybe before your time J.
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302
Off topic / Re: Live chat
« on: May 29, 2016, 08:58:14 am »
Patrick, kindly add SRE (Sirius) to the LDT tables. Div. = 22.54161cps LDT = 9-6-2016. Thanks.
303
Shares / Re: Wait. ETF sales are ALWAYS taxed as CGT?
« on: May 25, 2016, 02:11:49 pm »You know, I have never invested in either unit trusts nor ETFs but it appears that both those are subject to CISS 'rules' and Section 9(c) is not relevant here, so there is no 3 year rule stuff for the individual investor. (CGT is paid within the funds and the investor is only subject to CGT on disposal even if they dispose within 3 years).
Don't know if I am correct, hence 'appears' in bold.
That's what I thought. CISS rules are CISS rules.
304
Shares / Re: My Beginner's Portfolio Blog(Experiment)
« on: May 25, 2016, 09:58:35 am »
Capital growth as reflected in the attached Bloomberg chart. You have selected WHL a quality retail stock, and to compare apples with apples leave out SAC, and use the comparisons with RES, NEPI, ROC, SRE to name a few. Remember, none of these, being dual listed, are fully taxable (except RES which is local) - they are only subject to 15% withholding tax as mentioned often in the past. What is surprising is that even the much maligned locally listed SAC was able to comprehensively outperform WHL over the past year on capital growth (despite the adverse economy and higher bond yields) plus your current (historic) dividend yield for SAC is 7,98% (or 4,7% after tax if you are in the 41% marginal tax bracket - there is no withholding tax payable on locally listed REITS).
Most of the REITS are currently fully valued, as is WHL, and very dependent on the economy and the correlation with long bond yields. They have done me good over the past 12 years.
Most of the REITS are currently fully valued, as is WHL, and very dependent on the economy and the correlation with long bond yields. They have done me good over the past 12 years.
305
Shares / Re: My Beginner's Portfolio Blog(Experiment)
« on: May 24, 2016, 07:09:15 pm »I don't want to hijack this thread but this is what I have established looking at my present portfolio:-
I sold out of SAC September 27, 2007 at a price of R 4.14 and per todays figures the price is R 5.20. Since 2008 it has declared the following dividends 2008 29.50 cents; 2009 29.70 cents; 2010 27.48 cents; 2011 28.53 cents; 2012 29.65 cents; 2013 31.26 cents; 2014 34. 15 cents; 2015 37.68 cents
I then compared this against my Woolworths holdings which I bought at the same time as I sold SACI bought at R 20.93 and todays price is R 103.02
Dividends declared since 2008 were as follows 2008 173 cents; 2009 85 cents; 2010 105 cents; 2011 143.5 cents; 2012 198 cents; 2013 234 cents; 2014 251.5 cents, and 2015 247 cents
On the Woolworths shares there would have been the 15 withholding tax per cycle and dividend payout
So my question to Moonraker - Help me through this malaise and tell me how I could have scored a better wealth return by staying in SAC as the WHL price has gone up significantly since 2007 (Allan Grey had a sell at this stage) yet SAC has gone nowhere in real terms.
What I am trying to get my head around is how REIT are better than equities - because in my mind it all revolves around what you purchase
So happy to learn
Tells it all. Even local REIT SAC beats WHL on growth only, let alone both growth and divs. Some of the 'better' REITS (mainly offshore focused) have outperformed even more over one year, let alone over 5years+
So, you still think they are crappy investments ? Sirius is the next one to watch - check the SENS
Quote
Sirius final results 31 March 2016
Rental income for the year was higher at EUR55.8 million (2015: EUR45.4
million). Operating profit jumped to EUR76.3 million (2015: EUR48.1 million,
profit attributable to owners of the company soared to EUR54,.7 million (2015:
EUR27 million), while headline earnings per share grew to EUR1.82 cents per
share (2015: EUR0.92 cents per share).
Dividend
The Board has declared a final dividend of EUR1.30c per share for the remainder
of the year ended 31 March 2016.
Outlook
The Company is building a good level of momentum, shown by the increases being
achieved across the key metrics of our business and we are well positioned to
make a strong start to the new financial year. With more favourable terms on our
new debt facilities allowing the Group to make earnings enhancing acquisitions
and the capex investment programme continuing to demonstrate organic growth, the
Board anticipates further enhancements in the new financial year. Due to the
longer term ambitions of the Company and to appeal to a broader base of
international investors, the Company is considering making applications to move
to the main markets of both the LSE and JSE exchanges during the course of the
year and will be consulting with its advisers and major shareholders in the
coming weeks.
306
Off topic / Re: Live chat
« on: May 19, 2016, 08:51:48 am »
Commodities should be down today as FED minutes show rate increase in June is possible - up from around 12% to 30% probability.
307
Off topic / Re: Live chat
« on: May 16, 2016, 01:47:36 pm »
What have we here ?
Zuma’s government working with British military to stay in power.
http://www.timeslive.co.za/politics/2016/05/16/Zuma’s-government-working-with-British-military-to-stay-in-power-report
Have not read the report due to connection problems here, but sounds like BS.
Zuma’s government working with British military to stay in power.
http://www.timeslive.co.za/politics/2016/05/16/Zuma’s-government-working-with-British-military-to-stay-in-power-report
Have not read the report due to connection problems here, but sounds like BS.
308
Shares / Re: CoreShares Dividend Aristocrats ETF/S&P SA Dividends Aristocrat
« on: May 10, 2016, 06:35:25 pm »
Maybe because it last traded at 3.39pm and there were no further trades ? I have no idea.
309
Off topic / Re: Live chat
« on: May 09, 2016, 02:43:12 pm »
Well, several factors. China had poor trade figures over the weekend with imports (and exports) down, plus huge stockpiles of iron ore at their ports. This weighed on all base commodity prices like iron ore, nickel, zinc and copper. As a result, ZA being a commodity exporter, the Rand weakened. Second reason, despite weaker than expected job numbers in the US, components of the jobs market are quite strong - wages are rising. Also 2 FED governors are thinking along the lines of 2 rate increases this year with June for the first back in contention. This also weighed on EM currencies.
Last but not least, Moody's did keep our rating but changed the outlook from stable to negative. Does this answer sit well with you Patrick ?
Last but not least, Moody's did keep our rating but changed the outlook from stable to negative. Does this answer sit well with you Patrick ?
310
Off topic / Re: Live chat
« on: May 07, 2016, 01:58:32 pm »
The Treasury was responding to Moody’s announcement late Friday that it was maintaining SouthAfrica‘s investment-grade rating while assigning a negative outlook to it.
http://www.moneyweb.co.za/wp-content/uploads/2016/05/Press-Statement-Moodys-ratings.pdf?c1ab40
Moody’s said that it had now concluded a ratings review it launched on March 8.
“The confirmation of South Africa‘s ratings reflects Moody’s view that the country is likely approaching a turning point after several years of falling growth … and that recent political developments, while disruptive, testify to the underlying strength of South Africa‘s institutions,” Moody’s said.
http://www.moneyweb.co.za/wp-content/uploads/2016/05/Press-Statement-Moodys-ratings.pdf?c1ab40
Moody’s said that it had now concluded a ratings review it launched on March 8.
“The confirmation of South Africa‘s ratings reflects Moody’s view that the country is likely approaching a turning point after several years of falling growth … and that recent political developments, while disruptive, testify to the underlying strength of South Africa‘s institutions,” Moody’s said.
311
Off topic / Re: Live chat
« on: April 18, 2016, 05:59:58 pm »
It may seem strange, but the developed world is looking for, needs, a higher oil price.
U.S. now produces far more oil than thirty or forty years ago, and tough times for the energy sector could easily cause problems in US in banking and elsewhere. The thought of any weakness in the U.S., which has been the leader of the recovery, is pretty scary to the rest of the world, and continued falls in oil will hurt the emerging economies that export the commodity. Europe also needs a higher price to prevent a deflationary scenario really taking hold.
Food for thought ?
U.S. now produces far more oil than thirty or forty years ago, and tough times for the energy sector could easily cause problems in US in banking and elsewhere. The thought of any weakness in the U.S., which has been the leader of the recovery, is pretty scary to the rest of the world, and continued falls in oil will hurt the emerging economies that export the commodity. Europe also needs a higher price to prevent a deflationary scenario really taking hold.
Food for thought ?
312
Vodafone Group Plc’s South African unit is considering a bid for unprofitable state-owned Internet company Broadband Infraco, as the government works toward the privatization of some assets to boost the country’s finances.
http://www.bloomberg.com/news/articles/2016-04-18/vodafone-unit-mulls-bid-for-south-africa-state-broadband-company-in5tb1wu
http://www.bloomberg.com/news/articles/2016-04-18/vodafone-unit-mulls-bid-for-south-africa-state-broadband-company-in5tb1wu
314
Off topic / 'Gold will soar 700% in near future'
« on: April 13, 2016, 04:34:07 pm »
'Gold will soar 700% in near future': Economist claims precious metal set for $10k an ounce as cyber-criminals hack into digital wealth
Some extracts, but read it all...
If this dude is for real we are deep in it.
Some extracts, but read it all...
Quote
He cites hacking, cyber warfare and terrorism as the biggest threats to digital wealth, which is how most money is now held.
He points to the case in Bangladesh last month which saw $80million stolen from its central bank – and he thinks this type of fraud could become more prevalent in the coming years.
Quote
'Vladimir Putin has a 6,000-member cyber brigade working night and day to destroy, disrupt and erase digital wealth.
'So how many billionaires do you say "what do you have, stocks, bonds?" No you don't, you have electrons. Putin can wipe those out. The thing about gold, you can't hack it, you can't erase it, you can't delete it. It's tangible.'
Mr Rickards didn't reveal on the programme where he has gathered information that Mr Putin does have a cyber-army of hackers.
If this dude is for real we are deep in it.
315
Off topic / Tencent - Here is something to consider when using their apps.
« on: April 06, 2016, 05:23:00 pm »
Reputation Economy Dystopia: China's new "Citizen Scores" will rate every person in the country
And their QQ browser..
Famous Chinese QQ browser caught sending user’s personal data to its servers
You can mistrust Tencent.
And their QQ browser..
Famous Chinese QQ browser caught sending user’s personal data to its servers
You can mistrust Tencent.