91
Shares / Re: Steinhoff
« on: August 03, 2017, 10:15:15 am »
Goldman downgrades SNH from Neutral to Sell with target price reduced from €4.90 to €3.80
I could kick myself.
I could kick myself.
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92
Shares / Re: BTI ..... what to do what to do!
« on: July 28, 2017, 05:02:22 pm »
Over 13% down on LSE as per 17:00 our time. 
TOP NEWS: US REGULATOR'S NICOTINE PLANS SEND TOBACCO STOCKS DIVING
[ 28 Jul 2017 15:53 ]
LONDON (Alliance News) - The US Food & Drug Administration on Friday announced a new "comprehensive plan" for tobacco and nicotine regulation that will "serve as a multi-year roadmap to better protect kids and significantly reduce tobacco-related disease and death".
The FDA said its approach places nicotine, and the issue of addiction, at the centre of its tobacco regulation efforts, with a goal of ensuring it has the proper scientific and regulatory foundation to efficiently and effectively implement the Family Smoking Prevention & Tobacco Control Act in the US.
The FDA added that it plans to begin a public dialogue about lowering nicotine levels in combustible cigarettes to non-addictive levels through "achievable product standards".
Shares in British American Tobacco PLC were trading down 10% at 4,770.00 pence on Friday following the announcement, while shares in Imperial Brands PLC were down 6.5% at 3,214.00p.
The agency intends to issue an Advance Notice of Proposed Rulemaking to seek input on the potential public health benefits and any possible adverse effects of lowering nicotine in cigarettes.
"The FDA is committed to encouraging innovations that have the potential to make a notable public health difference and inform policies and efforts that will best protect kids and help smokers quit cigarettes," it said in a statement.
By Karolina Kaminska; [email protected]; @KarolinaAllNews
TOP NEWS: US REGULATOR'S NICOTINE PLANS SEND TOBACCO STOCKS DIVING
[ 28 Jul 2017 15:53 ]
LONDON (Alliance News) - The US Food & Drug Administration on Friday announced a new "comprehensive plan" for tobacco and nicotine regulation that will "serve as a multi-year roadmap to better protect kids and significantly reduce tobacco-related disease and death".
The FDA said its approach places nicotine, and the issue of addiction, at the centre of its tobacco regulation efforts, with a goal of ensuring it has the proper scientific and regulatory foundation to efficiently and effectively implement the Family Smoking Prevention & Tobacco Control Act in the US.
The FDA added that it plans to begin a public dialogue about lowering nicotine levels in combustible cigarettes to non-addictive levels through "achievable product standards".
Shares in British American Tobacco PLC were trading down 10% at 4,770.00 pence on Friday following the announcement, while shares in Imperial Brands PLC were down 6.5% at 3,214.00p.
The agency intends to issue an Advance Notice of Proposed Rulemaking to seek input on the potential public health benefits and any possible adverse effects of lowering nicotine in cigarettes.
"The FDA is committed to encouraging innovations that have the potential to make a notable public health difference and inform policies and efforts that will best protect kids and help smokers quit cigarettes," it said in a statement.
By Karolina Kaminska; [email protected]; @KarolinaAllNews
93
Shares / Re: "Rights Issue" and tax?
« on: July 26, 2017, 12:02:10 pm »My IRP3b shows the shares I received for a rights Issue under "Corporate Action" and not under "Purchases". How is this treated by SARS? I cannot find anything on this.Hello Orca,
After a corporate action (i.e. the rights take up), the weighted average cost is adjusted as seen in the example attached. That's all.
I have commented before as to CGT implications but rather than searching will repeat it here..
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
94
Shares / Re: Tencents / Tesla
« on: July 08, 2017, 05:22:54 pm »
07/08/2017 | 09:24am BST
Australia Rocks! exclaimed Tesla CEO Elon Musk on Twitter as the entrepreneur revealed details of his firms latest groundbreaking project the installation of a 129 MWh lithium-ion battery in Southern Australia.
The project will see Tesla team with French renewable energy firm Neoen which developed and owns Europes largest solar farm, Cestas to install the facility, which is being supported by the South Australia governments $550 million energy plan.
Musks legion of Twitter followers quickly dug out a tweet sent in March stating that Tesla will pledge to have the system installed and working 100 days from the date of the contract signature, otherwise the energy will be delivered for free. Musk confirmed that he will be standing by this pledge. In California, Tesla completed the installation and commissioning of an 80 MWh battery farm in just 88 days. This project, however, is far larger.
The battery will be installed near Jamestown in the mid-north of South Australia, and will be paired with the Hornsdale windfarm to help stabilize the volume of intermittent renewable power being fed into the grid.
Despite Musks evident confidence on social media, the tycoon was nevertheless slightly cautious when pressed by reporters in Adelaide about the technical challenges facing Tesla and Neoen.
When you make something three times as big, does it still work as well? he mused. We think it will, but there is some risk in that. We are confident in our techniques and the design of the system.
Musk added that he believes the battery will offer a fundamental efficiency improvement for the grid, and that its ability to help flatten demand peaks will serve to bring down electricity bills for consumers.
South Australia state premier Jay Weatherill, who confirmed the deal, remarked that the project is a key part of the governments $550 million energy plan. Im thrilled with the selection of Neoen and Tesla, whose experience and world leadership in energy security and renewables will help South Australia take charge of its energy future, Weatherill said. Battery storage is the future of our national energy market and the eyes of the world will be following our leadership in this space.
The media circus that generally follows any Tesla announcement will, in this instance, be welcomed by locals, many believe. The eyes of the world may have missed the repeated blackouts that have struck the state since September last year blackouts that prompted some in federal government to blame the use of renewables.
However, the Australian Energy Market Operator has confirmed that a cocktail of factors have contributed to South Australias outages, with higher-than-anticipated demand a leading cause for the blackouts.
(c) 2017 MediaQuest Corp.
Australia Rocks! exclaimed Tesla CEO Elon Musk on Twitter as the entrepreneur revealed details of his firms latest groundbreaking project the installation of a 129 MWh lithium-ion battery in Southern Australia.
The project will see Tesla team with French renewable energy firm Neoen which developed and owns Europes largest solar farm, Cestas to install the facility, which is being supported by the South Australia governments $550 million energy plan.
Musks legion of Twitter followers quickly dug out a tweet sent in March stating that Tesla will pledge to have the system installed and working 100 days from the date of the contract signature, otherwise the energy will be delivered for free. Musk confirmed that he will be standing by this pledge. In California, Tesla completed the installation and commissioning of an 80 MWh battery farm in just 88 days. This project, however, is far larger.
The battery will be installed near Jamestown in the mid-north of South Australia, and will be paired with the Hornsdale windfarm to help stabilize the volume of intermittent renewable power being fed into the grid.
Despite Musks evident confidence on social media, the tycoon was nevertheless slightly cautious when pressed by reporters in Adelaide about the technical challenges facing Tesla and Neoen.
When you make something three times as big, does it still work as well? he mused. We think it will, but there is some risk in that. We are confident in our techniques and the design of the system.
Musk added that he believes the battery will offer a fundamental efficiency improvement for the grid, and that its ability to help flatten demand peaks will serve to bring down electricity bills for consumers.
South Australia state premier Jay Weatherill, who confirmed the deal, remarked that the project is a key part of the governments $550 million energy plan. Im thrilled with the selection of Neoen and Tesla, whose experience and world leadership in energy security and renewables will help South Australia take charge of its energy future, Weatherill said. Battery storage is the future of our national energy market and the eyes of the world will be following our leadership in this space.
The media circus that generally follows any Tesla announcement will, in this instance, be welcomed by locals, many believe. The eyes of the world may have missed the repeated blackouts that have struck the state since September last year blackouts that prompted some in federal government to blame the use of renewables.
However, the Australian Energy Market Operator has confirmed that a cocktail of factors have contributed to South Australias outages, with higher-than-anticipated demand a leading cause for the blackouts.
(c) 2017 MediaQuest Corp.
95
Shares / Re: Tencents / Tesla
« on: July 07, 2017, 02:06:23 pm »
07/07/2017 | 11:29am BST
BEIJING, July 7, SinoCast-- Foreign media quoted person in the know saying that Tencent Holdings planned to release mobile end game of King of Glory in more nations like US, France, Italy, Spain and Germany in September at the soonest. International version named after Strike of Kings has debuted Turkey and Thailand. Non-Chinese version will have characters like batman, licensed by Warner Brothers. Tencent Holdings declined to make comments, recording operating revenue beyond expectation in the first quarter, boosted by WeChat and games.
So don't be too concerned over Chinese regulatory stuff.
http://www.fin24.com/Tech/News/tencent-to-take-honour-of-kings-to-us-and-europe-20170707
BEIJING, July 7, SinoCast-- Foreign media quoted person in the know saying that Tencent Holdings planned to release mobile end game of King of Glory in more nations like US, France, Italy, Spain and Germany in September at the soonest. International version named after Strike of Kings has debuted Turkey and Thailand. Non-Chinese version will have characters like batman, licensed by Warner Brothers. Tencent Holdings declined to make comments, recording operating revenue beyond expectation in the first quarter, boosted by WeChat and games.
So don't be too concerned over Chinese regulatory stuff.
http://www.fin24.com/Tech/News/tencent-to-take-honour-of-kings-to-us-and-europe-20170707
96
Shares / Re: Tencents / Tesla
« on: July 04, 2017, 12:25:53 pm »
July 04, 2017, 04:15:00 AM EDT By Robert Guy, Barron's
Tencent (700.HK) shares took a beating on Tuesday afternoon after the People's
Daily newspaper called its popular game Honor of Kings game "poison".
The sharp criticism of Tencent, which has more than 900 million users of its
WeChat messaging app, raised concerns Beijing could be set to crackdown on the
online games industry, which are a big revenue generator for Tencent.
The game has more than 80 million daily active users, which means one in every
17 Chinese person is playing the game at any time, according to a commentary in
the People's Daily, the Chinese Communist Party's mouthpiece newspaper.
A few tragic examples of overindulgence in the game were listed in the article:
a 13-year-old jumping off a building after being scolded for playing the game,
and a 17 year old who almost died of cerebral infarction after playing non-stop
for 40 hours.
"Don't commit evil,'' the People's Daily wrote in its July 4 commentary. ``As a
company that does good for the world, we will get better rewards in the long run
even if we want to sacrifice some short-term profits.''
Tencent has imposed a one-hour a day limit on the playing of the games by
children younger than 12, while children between 12 and 18 are limited to two
hours a day. Barron's writer Daniel Shane covered the new rules earlier today:
Please read Tencent to Limit Playing Time of Honor of Kings for Children Amid
Addiction Concerns.
Barron's writer Isabella Zhong wrote in late May about the opportunity for
Tencent and rival NetEase (NTES) to profit from the growing popularity of online
games. China has overtaken the U.S. to become the world's largest online gaming
market and some analysts expect the market to be worth $30 billion by 2018. For
more details please read Tencent vs NetEase: Let the Games Begin.
Tencent shares last traded down 3.6% after falling as much as 5.1%.
(Sounds good, addictive, like smoking).
Tencent (700.HK) shares took a beating on Tuesday afternoon after the People's
Daily newspaper called its popular game Honor of Kings game "poison".
The sharp criticism of Tencent, which has more than 900 million users of its
WeChat messaging app, raised concerns Beijing could be set to crackdown on the
online games industry, which are a big revenue generator for Tencent.
The game has more than 80 million daily active users, which means one in every
17 Chinese person is playing the game at any time, according to a commentary in
the People's Daily, the Chinese Communist Party's mouthpiece newspaper.
A few tragic examples of overindulgence in the game were listed in the article:
a 13-year-old jumping off a building after being scolded for playing the game,
and a 17 year old who almost died of cerebral infarction after playing non-stop
for 40 hours.
"Don't commit evil,'' the People's Daily wrote in its July 4 commentary. ``As a
company that does good for the world, we will get better rewards in the long run
even if we want to sacrifice some short-term profits.''
Tencent has imposed a one-hour a day limit on the playing of the games by
children younger than 12, while children between 12 and 18 are limited to two
hours a day. Barron's writer Daniel Shane covered the new rules earlier today:
Please read Tencent to Limit Playing Time of Honor of Kings for Children Amid
Addiction Concerns.
Barron's writer Isabella Zhong wrote in late May about the opportunity for
Tencent and rival NetEase (NTES) to profit from the growing popularity of online
games. China has overtaken the U.S. to become the world's largest online gaming
market and some analysts expect the market to be worth $30 billion by 2018. For
more details please read Tencent vs NetEase: Let the Games Begin.
Tencent shares last traded down 3.6% after falling as much as 5.1%.
(Sounds good, addictive, like smoking).
99
102
Off topic / Re: Live chat
« on: June 02, 2017, 02:50:26 pm »
Patrick, could you please add GRP - I would like to monitor its progress (on Leaderboard)
Check here for volumes:- http://www.sharenet.co.za/v3/quickshare.php?scode=GRP
Check here for volumes:- http://www.sharenet.co.za/v3/quickshare.php?scode=GRP
103
Shares / Re: Steinhoff
« on: May 26, 2017, 11:59:51 am »
I put the blurb in my post #68 in quotes because those are not my words and I am pretty sceptical. In favour is of course the relatively low P/E.
105
Shares / Re: Steinhoff
« on: May 26, 2017, 09:45:43 am »
Sherwood Bedding Co. Announces Strategic Investment by the Steinhoff International Holdings N.V. Group
Quote
Steinhoff had confirmed that they bought US bedding manufacturer, Sherwood Bedding, which according to the company is the 5th largest bedding manufacturer in the US. The move is part of their vertical integration plans in the US. Steinhoff’s share price has been coming up nicely since they disclosed that they are looking to list their African retails assets in a separate entity. The company is due to release their earnings on the 7th of June, any share pullback will be a good buying opportunity.