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Hi

Have a medium position in SAB miller, should I sell and go into AB inbev tomorrow?

What is likely to happen to SAB after this , i dont understand how it can continue to grow

1. You could buy AB InBev from 15th Jan - your choice.
2. Your SAB shares are simply a currency Xchange rate play now. If you think the Rand will weaken further until the merger is final (probably well into the 2nd half of the year), keep them and get £44 cash, on which you will have to pay CGT. You could then buy AB InBev with the proceeds.
I think there is also a scrip option but you would not be able to sell those shares for 5 years and they will be unlisted. The scrip will be based on a lower price than the cash offer, so why would anyone want to do that.

I would simply hold until merger is final.

So very broadly, If choosing between Sirius and NEPO, you'd be choosing between Germany and Eastern Europe?  For the majority of your exposure?

Yes, NEPI is currently focused on Romania, but also Slovakia and a little in Serbia. 
Sirius is only Germany.

@Fawkes85   Yes, local Reits are taxed as income. (No withholding tax payable).

Sirius Property: Sirius leads the pack
NEPI  (Eastern Europe where mall 'culture' is only in the beginning stages)

Both can borrow at very low interest rates ±2% into properties yielding over 8%.

Prefer them to CCO or IAPF

Before taking a decision to invest in a pref. shares ETF, you should really take the time to read the link provided in my earlier reply.
Also, refer to the last paragraph in the attached image. ...."therefore we believe patient investors should be rewarded with an offer closer to par or at least the original capital rolled into a suitable structure for both banks and investors." I don't believe that will happen. As I said before, way too many bank prefs in that ETF.

US Payrolls ..
The 292,000 gain exceeded the highest forecast in a Bloomberg survey and followed a 252,000 increase in November that was stronger than previously estimated, a Labor Department report showed Friday. The median forecast in a Bloomberg survey called for a 200,000 advance. The jobless rate held at 5 percent, and wage growth rose less than forecast from a year earlier.

Pluto, those are the SPW stock picks already posted HERE

Must say I agree with JaDEB - nothing there strikes me as a must buy, maybe KAP

What I have been saying..

Took a while, but this is what I got from my brokers tax dept. in reply to my query. Hope it helps someone.

Rights Issue:

Based on my understanding the rights issue in South Africa will be treated the
same as in the UK. If the shareholder held the rights take-up on capital account
then the client will pay CGT and not Income Tax on the disposal of the rights
take-up. If the shareholder’s intention was to hold the rights take-up as a
capital asset then the disposal of the asset is subject to CGT. Please note that
section 9C in this regard will not apply should the shares be foreign listed
shares. If the intention of the shareholder was to hold the rights take-up as
trading stock then it will be subject to Income Tax and not CGT.

 

Scrip in lieu of dividends:

In general, shareholders normally get an
option to choose between a scrip dividend or cash dividend. When choosing the
scrip it is important to know if the company made the distribution out of
profits or capital. It is also important to qualify whether it is a foreign
dividend, if it is the case it must first meet the SA foreign dividend
definition as per the Income Tax Act. It’s important to distinguish if the so
called scrip dividend is acquired as such or whether a cash amount is provided
to acquire the dividend in lieu of the cash received.

 
In General:

 
Distributed from profits:

-          The scrip will be subject to dividends tax at 15%

-          The scrip will be received at a base cost

-          The scrip will be subject to CGT if client held scrip as capital
asset (what is the intention of the shareholder?)

-          The scrip will be subject to Income Tax if the scrip is held as
trading stock (what is the intention of the shareholder?)

 

Distributed from capital:

-          The scrip will be received with a null base cost,

-          The shareholder will pay CGT on the proceeds of the disposal if held
as capital asset

-          If scrip was held as trading stock the disposal of the scrip will be
subject to Income Tax