Share Forum - Discuss JSE shares and join the Investor Challenge

The Fourie family seems to know something that we don't. They bought over R20M shares the past few days. I can't see them appeasing investors with that much of their own money if the charges will stick.
Then again, if you look at MTN that did the same last year and the drop was short lived. TIG is another culprit with constant price fixing and major fines.
I will hold on to it.
 

I want my new money now. Wanna buy NPN while it is down.

Suppose so tgg. Perhaps he knows more than we do like the charges won't stick.

Total bought is R18.8M. Pacifying the investors perhaps.

If you are stock trading (not yet held for 3 years) and have a job, then you have 2 incomes. Your trading must be calculated separately by you to Balance Sheet. No matter how many trades you made, you must get a total gain or loss for efiling as a single entry.
The loss will be automatically deducted from your other job income. Or.
The gain will be added to your other income.
If your trading loss is more than your income, then the resultant loss will be carried over to the next year.

Thought this could be a dead cat bounce but see large buyers still lined up.

Arnold Fourie is known as a great CEO that thrives on turning bad Co's around and his cost cutting measures. I still have faith in him to get this sorted.

Apparently the charge was not laid at the time of his arrest and bail. He was only officially charged later hence the SENS was released upon this official charge.
He sold the shares before the official charge was laid after negotiating with Arnold before the arrest.
If you look at the SENS you will see that the Fourie Trust had to sell their futures at strike  price when it expired. They did not sell shares but had to sell at expiry. It was a Put Call. Put Calls expires at a certain date.

I would not be surprised if we don't have a bounce tomorrow.