Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - Moonraker

Pages: 1 ... 33 34 [35] 36 37 ... 73
511
Shares / SAB
« on: September 16, 2015, 01:02:55 pm »
Check the price.

 
The Board of SABMiller notes the recent press speculation and confirms that Anheuser-Busch InBev SA/NV ("ABInBev") has informed SABMiller that it intends to make a proposal to acquire SABMiller. No proposal has yet been received and the Board of SABMiller has no further details about the terms of any such proposal.

The Board of SABMiller will review and respond as appropriate to any proposal which might be made.

There can be no certainty that an offer will be made or as to the terms on which any offer might be made.

In the interim, shareholders are strongly advised to retain their shares and to take no action.

Accordingly, in accordance with Rule 2.6(a) of the Code, SABMiller announces that, by not later than 5.00 pm on 14 October 2015, ABInBev must either announce a firm intention to make an offer for SABMiller under Rule 2.7 of the Code or announce that it does not intend to make an offer for SABMiller, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.

 

512
Off topic / Re: Live chat
« on: September 16, 2015, 09:28:36 am »
Quote from: Patrick on September 15, 2015, 07:34:29 pm
can you mail me a screenshot moon. [email protected]

Test. seems to be when posting linked content.


513
Off topic / Live chat
« on: September 15, 2015, 05:47:49 pm »
Can't post. Plugin missing frame.

514
Shares / Re: Investing in SA or taking/leaving money overseas
« on: September 13, 2015, 03:28:13 pm »
Sorry Fawkes85, judging by some of your posts I was under the impression that you are pretty clued up.  :TU:

515
Shares / Re: Investing in SA or taking/leaving money overseas
« on: September 13, 2015, 02:57:50 pm »
Quote from: Fawkes85 on September 13, 2015, 01:53:42 pm
And what is scrip?
I don't believe it. Have you ever subscribed for rights in a rights issue ? Like 10 shares for every 100 held - scrip are the shares subscribed for.  :))

516
Shares / Re: Investing in SA or taking/leaving money overseas
« on: September 13, 2015, 12:57:35 pm »
Quote from: Fawkes85 on September 13, 2015, 10:33:30 am
Yeah, you used a lot of fancy words there that I did not understand. Looked at their previous dividends report and also came across PID and non-PID and scrip. Can someone explain to me what these things mean?  ::) ::) ::)
The answer is to be found on their website, copied as shown below:-

Quote
Distributions

As a UK-REIT, Redefine International does not pay UK direct taxes on the income and capital gains from its qualifying UK property rental business (the “Tax Exempt Business”). However, UK-REITs are required to distribute at least 90% of its taxable profits from its Taxable Exempt Business, for each accounting period, in the form of a property income distribution (“PID”) rather than as a dividend. In this way, taxation of income from property is moved from the corporate level to the investor level.

A UK-REIT may elect to designate any additional dividend above the 90% minimum PID, as either a PID or an ordinary dividend (“Non-PID”).

Therefore distribution payments may comprise a mixture of both PID and Non-PID or solely a PID. The amount of PID and any Non-PID elements of each Redefine International dividend will be shown on the associated tax vouchers that will be provided to shareholders within 14 days from the dividend payment date.

Tax treatment

Shareholders should note that the tax treatment of PID and Non-PID dividends differs.

Any Non-PID dividends will be treated in the same way as dividends paid by non-UK REIT companies.

PID dividends have not been taxed in the Company and therefore for most shareholders, PIDs will be paid after deducting withholding tax at the current basic rate of 20%.

Market stats @ close 11/09/15 >>


517
Shares / Re: Investing in SA or taking/leaving money overseas
« on: September 12, 2015, 04:50:08 pm »
Quote from: Fawkes85 on September 12, 2015, 10:38:32 am
So 20% taxes in total on dividends for RPL? Also, do you know if they pay dividends quarterly or semi-annually?

I hold RPL and like it.

The UK withholding tax on the so called PID element is 20% (of course no additional 15% withholding tax in ZA). The so called Non PID
element is not subject to UK withholding tax. Taking the cash alternative for the dividends declared for the 6 months  ended Feb 2015 was subject
to the full 20% UK tax. (Opting for scrip has a Non Pid element portion which is free of tax).
However, you will note that sometimes, for reasons unknown to me, e.g. the cash dividends declared for the period ended Aug.2014
also contain a tax free Non Pid portion. Best illustrated in the attached images.
(They are foreign dividends, but are regarded as local dividends for tax purposes - just like SAB, BTI etc.
Real estate investment companies like NEPI ROC etc. are treated the same way for tax purposes but withholding tax is the normal 15% on ZA dividends).

A great Rand hedge that more than held its own during the Aug/Sept turmoil and down trend. See graph.

518
Shares / Re: Devastating market crash. When ?
« on: September 11, 2015, 02:19:27 pm »
Thread revival.

Anyway short extract of article below. Read full version That Was Not a Crash

The market decline of recent weeks was not a crash. It was merely an air-pocket. It was probably just a start. Such air pockets are typical when overvalued, overbought, overbullish conditions are joined by deterioration in market internals, as we’ve observed in recent months. They are the downside of the “unpleasant skew” that typically results from that combination – a series of small but persistent marginal new highs, followed by an abrupt vertical decline that erases weeks or months of gains within a handful of sessions (see Air Pockets, Free-Falls, and Crashes).

Actual market crashes involve a much larger and concerted shift toward investor risk-aversion, which doesn’t really happen right off of a market peak. Historically, market crashes don’t even start until the market has first retreated by 10-14%, and then recovers about half of that loss, offering investors hope that things have stabilized (look for example at the 1929 and 1987 instances). The extensive vertical losses that characterize a crash follow only after the market breaks that apparent “support,” leading to a relentless free-fall that inflicts several times the loss that we’ve seen in recent weeks.

Our strategy is to align our investment stance with the market return/risk profile we identify based on observable conditions. There’s no need to make projections about a crash, but it’s fair to say that we can’t rule it out given that every major crash in history has emerged from the 8% of historical market conditions matching what we currently observe (see Risk Turns Risky for a review of cumulative market losses in this subset of history). We can only say that on average, stocks have continued to lose considerable ground under the return/risk classification we identify here, so we remain defensive.

The reason why the word “crash” has been bandied about to describe the recent selloff, I think, is partly because investors have lost all perspective of the losses that have historically been associated with that word, but mostly because it gives market cheerleaders the needed "cover" to encourage investors to continue speculating near record market valuations. After all, everyone “knows” that investors shouldn’t sell after a crash, thus the endless flurry of articles advising “selling in a crash is a textbook mistake,” “selling off stocks during a crash is a terrible idea”, “whatever you do, don’t sell”, “market crash: don’t rush to press the panic button,” “the worst investing move during a market crash,” … you get the idea.

BTW. what % of your portfolios do you hold in cash ?

519
Shares / Re: Advtech (ADH) vs. Curro (COH)
« on: September 06, 2015, 08:58:02 am »
All successful businesses are funded by debt to enable them to grow. I wouldn't read too much into the ratio, they are doing a restructuring of their debt.
You missed out on 40% YTD appreciation in the share price. This one along with Curro are buys, certainly for the long term for reasons known to all of us.

Capital structure and funding

Net Group gearing as at 30 June 2015 reflects a debt to equity ratio of 132%. While this is well within the Group’s covenants with its bankers, ABSA

(member of Barclays), it is evident that the Group’s accessible funds to maintain its accelerating investment plan will become constrained. The Group

holds or is securing 20 sites for expansion and development. The Board has approved further new investments as part of the previously-announced

R3 billion rolling capital expansions programme, and management has identified and is developing other new projects totalling almost R1 billion.


The Board is therefore considering the optimal capital structure for the Group and is formulating a financing strategy that it believes will allow it to

sustain this accelerating growth strategy in the most efficient manner. In particular, the Board believes it is important to have certainty of access to

various funding sources in order to be best positioned to execute in competitive situations.


As part of this process ADvTECH is looking to put in place long-term debt facilities which will be used to refinance existing bank borrowings. This will

allow the Group to raise further debt facilities as and when needed and thus enhance the scope and flexibility of ADvTECH’s planning and the execution

of its growth and acquisition strategy.

520
Shares / Re: Naspers (NPN)
« on: September 04, 2015, 10:31:23 am »
Alibaba is a barometer of the Chinese consumer (e-commerce). Has declined by 37% this year due to plunging consumer demand.
Tell me why NPN should not similarly be affected.


521
Shares / Re: My retirement blog.
« on: September 02, 2015, 02:27:54 pm »
Oh man, sorry to hear about that - but she will get better, time is a great healer.
Hope you didn't have to go to Lisbon for treatment. When we lived in Loule, near Faro in the Argave, medical service was very poor and a fractured bone meant a trip to Lisbon.
(But that was way back in 1992).

522
Shares / Re: My retirement blog.
« on: September 02, 2015, 08:34:55 am »
Hey Orca, why not invest in Portuguese stocks ? I think you will do well.

Here are a few to check out:-

Altri (Chemicals)), NOS (Media) or Jerónimo Martins (Retail) all up 30%+

Stock Market as a whole up 10% this year.
GDP growth estimated at 1,6% for 2015
'Cheap' money from ECB should benefit stocks

523
Off topic / Live chat
« on: September 01, 2015, 01:52:00 pm »
Ha..ha..ha - Must be in a bit of a quandry when there is indiscriminate selling of stocks.

524
Off topic / Live chat
« on: August 29, 2015, 03:54:27 pm »
APN. Bad trading update ? http://www.moneyweb.co.za/mny_sens/aspen-pharmacare-holdings-limited-voluntary-trading-statement-2/

525
Off topic / Re: Go global young man.. hmmpf
« on: August 19, 2015, 05:34:37 pm »
Yup, it's an index. orange is LSE.




Pages: 1 ... 33 34 [35] 36 37 ... 73