811
I see my portfolio value has remained at such a level that I have been in 83 place pretty much the entire day - are the portfolios updating
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813
Shares / Re: Poynting Holdings
« on: April 08, 2014, 10:46:33 pm »
I hold Poynting in my own portfolio - bought at an all inclusive price of .82 cents, but only hold 3000 so not a large holding. I did sell some at R2.10 (10,000) which was silly really, should have held onto them 
814
Off topic / Re: Live chat
« on: April 01, 2014, 03:46:07 pm »We have better climate due to the proximity of the cool sea. Hardly ever below 8 or above 32.Well you must live in a favoured neck of CT because it rained for 2 days out Somerset West last week Wednesday and Thursday and not much better in Pinelands, Rondebosch, Claremont, Maitland, Woodstock, Strand and others
815
Off topic / Re: Live chat
« on: April 01, 2014, 01:25:09 pm »They did say it is all the rain, and they will be working on it (Potholes) let see if it happens.The pot holes were numerous before the rains - the rain merely worsened the situation
816
Off topic / Re: Live chat
« on: April 01, 2014, 12:26:15 pm »
Wasn't sure where to post this, but have spent the last 15 days in Cape Town and the surrounds. Was based at Helderberg Village in Somerset West and was moving my parents from there to a frail care operation in Pinelands so drove extensively around towns and through all the suburbs around Pinelands, went through to the CBD but via back roads and I must say it was an absolute pleasure to drive on the roads in and around the suburbs - no pot holes. The only places where I say signs of pot holes seemed to be around Claremont on the lower side near the railway lines and where there was high taxi usage. Came back last night to an absolute nightmare of a road from Lanseria to my place in Randparkridge. These jokers in charge of Joburg have no concept of maintenance and repairs to the road system or to service delivery. Maybe the city councillors needs to change their slogan for something more appropriate and on the lines "Joburg an African city in distress"
Thought I would just share my experiences with forumites. Would I move to CT - definitely not - Gauteng has the best climate possible
Thought I would just share my experiences with forumites. Would I move to CT - definitely not - Gauteng has the best climate possible
817
Shares / Re: Own Shares VS Game shares
« on: March 14, 2014, 01:58:08 pm »I use the game to learn more about trading. Generally try not to spend to much time on game, rather use spare time on real portfolio.Simple explanation - you don't want to lose money on your real portfolio so are probably ultra cautious, whereas the game you are prepared to take bigger risks because it is only a game and you are not losing real money :laugh:
818
Shares / Re: Own Shares VS Game shares
« on: March 14, 2014, 10:52:11 am »
I hold the same shares in "the game" as I do in my private portfolio barring Oceana, but the crux is that most of my private holdings were acquired at lower prices last year. So my private portfolio looks a lot better than the game shares as they were only acquired recently
819
I used to hold these shares in my portfolio but got rid of them when contracts that were awarded were cancelled or they did get other tenders see their sens of 10 05 2010. When this came out I sold my holdings as the company just became too risky. The share price got as high as R 6.30 as I recall and then started dropping after the mentioned sens and I got out - I did make a small profit on getting out but I certainly didn't make as much as I should have but that life.
Personally I would not consider going back into this counter. If I considered any I would go for Aveng as they are still getting work and recently finished the large shopping centre here in Jhburg - Cradlestone. I also think they are involved with the extension of Menlyn Mall which is a R 2.2 billion expansion and refurbishment
Just my personal views do not act on it
Personally I would not consider going back into this counter. If I considered any I would go for Aveng as they are still getting work and recently finished the large shopping centre here in Jhburg - Cradlestone. I also think they are involved with the extension of Menlyn Mall which is a R 2.2 billion expansion and refurbishment
Just my personal views do not act on it
820
Off topic / Re: Live chat
« on: March 11, 2014, 09:33:30 am »
There was an argument to split this competition into two parts - for the traders and then for the investors. Once you start trading you are no longer an investor. Shorting is a trading activity and not an investor activity. So simple next year split the competition into two parts and investors/traders can play in both spaces - just get the rules right. I know in which category I want to play but let's not deny the traders their moment of sunshine now and again
821
Shares / Re: Stock trading and investment buying strategies.
« on: February 24, 2014, 08:55:17 pm »If you want to invest in JD group then rather do it through Steinhoff or PSG - with PSG you at least get the benefit of Curro, Steinhoff, Zeder, Capitec as they have shareholdings across all these companies - PSG like to take a stake of about 20% in companies because then they can influence management decisionsNeil's become very quiet. Perhaps he is studying charts?
nope not studying charts, never will. Just nothing worth posting on atm. Besides Im busy with getting all my ducks in a row. Going to be studying a BCom in business management in april, exploring employment opportunities in Canada, and other general work related issues.
I always read the business news everyday, Im quite fascinated how massmart (I have shares in Massmart) keeps dropping on the back of a 37% increase in earnings as published in a recent trading statement. The market can behave very irrationally. Id buy more massmart, but Im currently putting my money away in low risk assets so I can take it with me to Canada (at least if I manage to find employment there).
On a side note, is anyone taking note of JD group? Im looking forward to the annual results, if after the annual results the company is still priced fairly below the NAVps I might be very tempted to put some of my dividends there.
822
This week I wrote to the CEO requesting that they put out a sens message as to why their share price has taken such a tumble. There are the twins issues of the Eskom solar panel story coming to an end and also they are involved in the set top boxes which has been deferred so many times, akso raised the issue that directors just seem to be sellers of company scrip.
The response I got was not terribly encouraging "Thanks for your mail. We are only allowed to say or comment to a certain degree on sens. These notices are formatted and then approved by the JSE. I have however spoken to these points in our investor presentations" Wayne Samson CEO. I have attended their presentations at the JSE and they have really only spoken about the rosy picture going forward - now I am not so sure whether I still want to be a shareholder.
Also I have to say that I bought some 3 prong plugs last week and the quality was crap - this encouraged me to write to the company as their standards seemed to be slipping
The response I got was not terribly encouraging "Thanks for your mail. We are only allowed to say or comment to a certain degree on sens. These notices are formatted and then approved by the JSE. I have however spoken to these points in our investor presentations" Wayne Samson CEO. I have attended their presentations at the JSE and they have really only spoken about the rosy picture going forward - now I am not so sure whether I still want to be a shareholder.
Also I have to say that I bought some 3 prong plugs last week and the quality was crap - this encouraged me to write to the company as their standards seemed to be slipping
823
Shares / Re: Buying shares from a friend?
« on: February 20, 2014, 10:36:16 pm »I have a friend that needs cash and I am interested in buying shares that he has. He bought it for R10 per share and the share price has fallen down to R8.00 per share. I have time to wait for it to climb back to it's previous highs. He does not. I am offering him R8.10 per share and he is willing to let it go.I am sure you will find that he holds the shares with a broker given that everything is on an electronic platform these days and paper based shares certificates are something of the past. You may be able to change ownership via his broker but it may entail you holding the shares with that broker. Also depending on the length of time that he has held the shares he could be subject to either CGT or even have to declare it as revenue and pay take at his assessed rate. So there are ramifications for you and your mate
Is it possible to do a direct transaction from him to me?
824
Shares / Re: My retirement blog.
« on: February 19, 2014, 01:06:55 pm »Orca you are very brave actively investing like this in your retirement. Not because of market risks but because of so much other things to do with your time. I can't imagine being concerned with anything to do with investing when I'm in you sublime situation. Good LuckIt is in my view an absolutely vital pursuit to invest in the market to augment and or grow your pension capital especially if it under your direct control. When in retirement it is important to look at your needs in your 70's and 80's and even longer so that you don't run out of funds to enjoy your retirement. Also look at the longevity of your immediate family to gauge your chances
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Shares / Re: GlencoreXstrata - GLN
« on: February 11, 2014, 03:17:22 pm »
What is quite amazing about this company - is that they have just recently bought a dragline coal digger - a real monster for R 173 million. Considered a snip given that a new one cost almost a billion Rand and costs R 90 million to deliver. They are not going to disassemble it as the cost is prohibitive so they are going to creep it to their site at something like 1 klm per day - hope the site is not too distant 