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 I read somewhere that one can offset a tax loss of a failed stock by increasing the base cost of another share in your portfolio by an equivalent value.
Is this correct or did I dream it?

Finally got through all the red tape today after a 6 month struggle. It was well worth the effort though.
Now we can relax for 5 years then my wife can get permanent residency.

I am happy to report that we have lived off my investments for 6 months and the portfolio has grown by 5%. This is more than I expected in the current market plus the fact that we had to buy carpets, bedding, cutlary, crockery etc. We also had visitors for 2 weeks and had to do the holiday thing and that was rather expensive.

My wife has been keeping tabs on our spending (living expenses) and have consistently spent R4 000.00 less here pm than we did in Cape Town. Our rental is more expensive here but then this apartment is much more modern to the extent that one expects to see a hotel reception area when stepping out the elevator at the bottom. All the hallways and passages are marble and dark wood. Seems the whole of Portugal is built on marble and granite to the extent that to save money, rather use marble blocks than expensive bricks to build.Even the streets are lined with marble blocks.

Tried to go to Spain but there is a railway strike.

Yip. I made some "skillful" investments some years ago and now just having bad luck. 

http://today.moneyweb.co.za/article.php?id=796026&cid=2014-11-28

Are we seeing the price rise to over R102 due to buyers getting in to benefit from the expected divi?

Yes, but expect the post divi to take ages to revive as normal.

I am way up North in Viana do Castelo near the Spanish border on the West coast. This is not a tourist area like the Algarve in the South where the Brits and Germans are in abundance.
A little geography on Portugal.
The Portuguese coast is divided into 3 areas. The Gold Coast in the South that is the most popular area for sun and fun. A rather hot, dry and flat area with beautiful beaches.
The middle area is called the Silver Coast and includes Lisbon (Lisboa), the capital. A more hilly area and somewhat greener. Lisboa is the most popular tourist destination in Europe.
Then you get the Green Coast in the North and includes Porto that was once the capital city. The city that Port wine was named after. It is called the Green Coast due to the luscious vegetation. This is the colder area of Portugal with snow in the inland mountains in winter. It rains on average in winter for 18 days a month hence the greenery.

It has now rained every day for almost 2 weeks and no reprieve for the next week at least. This does nor deter the locals though as they are used to this weather and mearly do what they normally do under a brolly.