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Messages - gcr

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31
Shares / Re: Small Cap Picks
« on: May 05, 2020, 07:04:27 pm »
They are indeed in Business Rescue - I've been buying more shares (even today prior to BR) and now hold 33,000 shares.
As posted previously I'm holding for the long term - my averaged price is R 1.42 but what ay happen with SAA could become a game changer for Comair or I could lose quite a bit of money

32
Off topic / Re: Live chat
« on: April 27, 2020, 07:49:19 pm »
Patrick - does Easy Equities have a platform allowing access to the LSE

33
Shares / Re: Small Cap Picks
« on: April 18, 2020, 10:19:04 pm »
I recently bought a fair number of Comair shares - they may benefit from SAA's malaise, but, this will have to be a longer term shareholding as I believe it could take them 3 - 5 years to get back to current levels

34
Off topic / Re: Live chat
« on: April 02, 2020, 07:16:34 pm »
Has anybody heard from Orca and his family - are they alright and healthy?

35
Off topic / Re: Live chat
« on: March 22, 2020, 10:26:29 pm »
Let her in twice a week to clean house ;D

36
Shares / Re: Offshore broke4s
« on: January 23, 2020, 12:48:22 pm »
Quote from: IndustryGuy on January 23, 2020, 12:22:23 pm

Yozzi - thanks for the response - will also pursue this avenue. However some of the responses I have received seem to think that I want to trade in currencies and CFD's - this is not my intention at all, I want to buy shares in e.g. Royal Bank od Scotland, Ralph Lauren Clothing, RCI Hospitality etc.. So what I'm really looking for is an account from which I can fund my broking purchases initially and then having a portfolio account with a broker (as per my RSA set up) and that I can buy/sell over their platform augment and or change my portfolio as required

Hope this clarifies where I want to be and how I want to operate

Hi GCR. I really think we can assist you. I sent you a personal message.
[/quote]
Hi IndustryGuy - will contact you via landline to set up an appointment to discuss face to face
Thanks for message

37
Shares / Re: Offshore broke4s
« on: January 23, 2020, 10:47:58 am »
Quote from: yozzi on January 23, 2020, 09:46:10 am
Quote from: gcr on January 21, 2020, 10:30:04 pm
Thanks Patrick - will explore further

GCR - Speak to Mike Brown at ETFSA as they can assist with an offshore account which you can fund from SA by using one of the money transfer companies as mentioned by Patrick. Their rates are good and very helpful too and I'm no expert but I do have a UK bank account and I want to buy ETF's offshore and using the money transfer system seems the easiest option to me.
Yozzi - thanks for the response - will also pursue this avenue. However some of the responses I have received seem to think that I want to trade in currencies and CFD's - this is not my intention at all, I want to buy shares in e.g. Royal Bank od Scotland, Ralph Lauren Clothing, RCI Hospitality etc.. So what I'm really looking for is an account from which I can fund my broking purchases initially and then having a portfolio account with a broker (as per my RSA set up) and that I can buy/sell over their platform augment and or change my portfolio as required

Hope this clarifies where I want to be and how I want to operate 

38
Shares / Re: Offshore broke4s
« on: January 22, 2020, 06:50:41 pm »
Quote from: jaDEB on January 22, 2020, 04:34:51 pm
Interesting, I have SASFIN account with local shares , and also use SASFIN to buy offshore, which is DMA.  :whistle:
jaDEB - when you sell your foreign shares where do the proceeds default to - 1) a Rand denominated account in SA 0r 2) a foreign currency account in your name in the foreign country or 3) a SASFIN account styled in your name in the foreign currency of the shares sold.

Be interested in hearing your answers
Thanks

39
Shares / Re: Offshore broke4s
« on: January 21, 2020, 10:30:04 pm »
Thanks Patrick - will explore further

40
Shares / Re: Offshore broke4s
« on: January 21, 2020, 03:24:36 pm »
Patrick - thanks for this feedback.
If you do come out with a blog, would you cover some or all of my listed curiosities:-
* How to open a foreign bank account - required to opened in person, or, can it be done from country of residency i.e. SA
* Most banks require an opening deposit in the currency of the banker
* Though most countries in the world don't enforce exchange control - here in SA they do and you are limited as to how much you can export overseas - currently a R1 million but reasons are required as to how funds will be used (buy property/holiday/business venture etc.)
* If you find a friendly bank who will open such and account for you do they have a trading platform that can feed into the NYSE; LSE, or even the DAX. If not who do they use as stockbrokers to enable you to trade over any of these exchanges.
* Given that you may have opened a foreign bank account you would have to instruct them to transfer funds to companies like Credo or SAXO and all along the line you pay fees to transfer and fees to place in your trading account. Thus fees could be a real killer

My ultimate objective would be to have a share trading account with an overseas operation where-over I buy and sell foreign country shares as quoted on the major stock exchanges but in reality can execute buy/sell orders from RSA

That about sums up where I want to be

Thanks for listening/reading

41
Shares / Re: Offshore broke4s
« on: January 17, 2020, 04:26:33 pm »
Patrick - the important issue to me is how as a RSA citizen did you manage to open an account with a foreign country bank, my info is that they won't entertain such a request - I even tried Isle of Wight, Scotland, and a French Bank.
Would be interested in seeing your road map

42
Shares / Re: Offshore broke4s
« on: January 16, 2020, 04:10:12 pm »
Hi IG - thanks for the heads up

43
Shares / Re: Offshore broke4s
« on: January 16, 2020, 12:53:48 pm »
There are a number of options that one can follow - to date I have been advised that I could use Credo and then it is also possible to use Saxo through Standard Bank. What I have found is that charges are quite exorbitant, but I will follow up with Standard Bank

What I'm looking for is to externalise funds I London but then I also want to be able to use a company's platform to buy and sell shares as I do with my local broker. This seems like an almost impossible option, yet all local banks have London American and European operations and within these domains they must have trading platforms their retail customers
I am even contemplating flying to London with the express purpose of opening an account, depositing funds and gain a right to access that banks trading platform and then operating the buy/sell instruction over their platform back in RSA. However I need to do further research as I don't want to end up in London without having established all the attributes and pitfalls of establishing accounts and platforms
     

44
Off topic / Re: Live chat
« on: October 30, 2019, 03:30:33 pm »
Neither does the market
But anyway we now know which side Tito's bread is buttered and he is nothing more than one of the flip flop gaggle of geese in the ANC farmyard

45
Off topic / Re: Live chat
« on: September 17, 2019, 01:55:09 pm »
This market of ours is crazy and has no sensibility whatsoever. I have a portfolio of 24 shares (ETF are a separate portfolio) and yesterday the shares moved positive by + R56,000 and today - R 70,000 and strangely enough the share which has shown price growth is Steinhoff Int Holdings

Crazy, crazy movements in our market since early June this year - just wish all the politicians would roll over and die quietly

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