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Patrick, have you decided how to handle the ABL shares after the rights issue?
I see the prices isnt updating
I assume these are dated from Apr'13 not Jan?
Patrick is there anyway to build functionality in to do a search on a stock to see which forum members are holding them?
Also, this may be asking for too much, but the ability to see popular stocks on the challenge from top to bottom?
I agree with Orca.Also many U/T only pay out once a year in terms of dividends and purchase of more units - with these index funds they normally pay out quarterly, you have to reinvest the funds though. I myself are reviewing all my U/T's (other than Coronation T20) with a view to switching the funds into the Indi and maybe the Divi
Using fund managers you always start below 100 with the factor of their fees. If they charge 2.5%, you start at 97.2% of their benchmark. It is easy to find out their top shareholding be it whatever type of fund. Look at the best performers and choose your direct investments from the shares that the best performing fund managers hold in their portfolios. At least you save their fees.
Some fund managers go so far as to also charge a fee for every transaction they make in your portfolio! Just think about the conflict of interest they have to manage - and who do you think normally comes out as the winner?
Very few fund managers consistently manage to even only equal the index, so at best they generate returns for you below what you can do yourself.
There is a rebate on interest earned and in my age category it is R31,000 p.a. so interest earned is not at marginal tax ratesMany thanks guys! Capitec looks good with 5.75% for 6 mths and 6% if you keep it there for 7-9 mths
That's not bad, pretty much the same as the inflation rate. What sucks though is even though you're not making any money (relative to inflation), the taxman will still want to take it's share of the interest at your marginal rate...
Many thanks guys! Capitec looks good with 5.75% for 6 mths and 6% if you keep it there for 7-9 mths
South Africa’s Economic Growth Slows to Four-Year Low of 0.7%QuoteGross domestic product rose an annualized 0.7 percent compared with a revised 3.2 percent in the three months through June, Statistics South Africa said in a report released in Johannesburg today. The median estimate of 19 economists in a Bloomberg survey was 1 percent.
not far from a recession...
It's the JSE's shareforum, so they say, not Patrick's.
Rare Holdings - RARWas looking for a sens, thanks will update tonight.
Seems like they had a 100:1 share consolidation. Those holding the share in the challenge have suddenly become millionaires with massive growth (e.g. RAR RARE HOLDINGS LTD 500000 6 800 13233.33% R4,000,000.00 76.81%)
Found this in a SENS released in July -QuoteConsolidation
The Board proposes that the company consolidate its authorised and issued share capital on a basis of 100:1 (subsequent to the Share Increase) with the aim of easing the administrative burden and costs incurred by the company in dealing with such a large number of shares.
Rare Holdings - RARWas looking for a sens, thanks will update tonight.
Seems like they had a 100:1 share consolidation. Those holding the share in the challenge have suddenly become millionaires with massive growth (e.g. RAR RARE HOLDINGS LTD 500000 6 800 13233.33% R4,000,000.00 76.81%)
Found this in a SENS released in July -QuoteConsolidation
The Board proposes that the company consolidate its authorised and issued share capital on a basis of 100:1 (subsequent to the Share Increase) with the aim of easing the administrative burden and costs incurred by the company in dealing with such a large number of shares.
