2221
Shares / Re: Naspers (NPN) - reaching all time high?
« on: October 22, 2015, 10:09:22 am »
Yes, Thanks Nivek.
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2222
Shares / Re: Pulverized Sand Box
« on: October 22, 2015, 10:03:34 am »
Lonmin.
LONMIN, the world’s third-largest platinum producer, will raise $400m in a rights issue and put in place an amended debt facility for $370m before the end of the year.
Lonmin has existing debt facilities of $543m, which mature in May and June next year, and the amended debt facilities, which will mature in May 2020, will be conditional on the company raising the $400m in a rights issue.
Credit committee approval is also needed to secure the amended debt facilities.
"The board believes that the proposed rights issue and the amended debt facilities taken together will strengthen the business and provide the group with sufficient resources for working capital and capital expenditure to sustain the business in an ongoing low platinum group metal pricing environment," the company said in a statement on Wednesday.
The terms of the rights issue will be made known and underwritten on November 9. The board wants to conclude the rights issue before the end of the year and will hold a shareholder meeting on November 19 to vote on the proposal.
The Public Investment Corporation, which owned about 7% of Lonmin, had said it would take up its entitlement and contribute to underwriting the rights issue, Lonmin said.
In the year to end-September, Lonmin sold 751,560oz of platinum, which was above its guidance of 730,000oz.
Lonmin would set aside R800m to restructure its business in a process that would affect 6,000 jobs by September next year. So far, 1,550 people had left Lonmin through a voluntary separation process and early retirement.
Lonmin would generate sales of about 700,000oz of platinum in its 2016 financial year, falling to 650,000oz for the following two years as its restructuring, including the closure of high-cost shafts took effect.
LONMIN, the world’s third-largest platinum producer, will raise $400m in a rights issue and put in place an amended debt facility for $370m before the end of the year.
Lonmin has existing debt facilities of $543m, which mature in May and June next year, and the amended debt facilities, which will mature in May 2020, will be conditional on the company raising the $400m in a rights issue.
Credit committee approval is also needed to secure the amended debt facilities.
"The board believes that the proposed rights issue and the amended debt facilities taken together will strengthen the business and provide the group with sufficient resources for working capital and capital expenditure to sustain the business in an ongoing low platinum group metal pricing environment," the company said in a statement on Wednesday.
The terms of the rights issue will be made known and underwritten on November 9. The board wants to conclude the rights issue before the end of the year and will hold a shareholder meeting on November 19 to vote on the proposal.
The Public Investment Corporation, which owned about 7% of Lonmin, had said it would take up its entitlement and contribute to underwriting the rights issue, Lonmin said.
In the year to end-September, Lonmin sold 751,560oz of platinum, which was above its guidance of 730,000oz.
Lonmin would set aside R800m to restructure its business in a process that would affect 6,000 jobs by September next year. So far, 1,550 people had left Lonmin through a voluntary separation process and early retirement.
Lonmin would generate sales of about 700,000oz of platinum in its 2016 financial year, falling to 650,000oz for the following two years as its restructuring, including the closure of high-cost shafts took effect.
2223
Shares / Re: Today's Outlook
« on: October 22, 2015, 07:49:51 am »
0700.HK -0.82% 145.70
RACE +5.77% 55.00
NPSNY -2.13% 144.35
MAIL.IL -0.98% 19.06
BABA -3.22%
S&P 500 Futures 2,013.00 +4.50 +0.22%
Nasdaq Futures 4,410.12 +10.88 +0.25%
Dow 30 17,207.22 -9.89 -0.06%
S&P 500 VIX 16.70 +0.95 +6.03%
DAX 10,238.10 +90.42 +0.89%
Nikkei 225 18,412.18 -142.10 -0.77%
Asia Dow
2,888 -23 0.79%
Nikkei 225
18,431 -123 0.66%
Hang Seng
22,773 -216 0.94%
Shanghai
3,303 -20 0.59%
Sensex
27,288 -19 0.07%
Singapore
3,039 +13 0.44%
RACE +5.77% 55.00
NPSNY -2.13% 144.35
MAIL.IL -0.98% 19.06
BABA -3.22%
S&P 500 Futures 2,013.00 +4.50 +0.22%
Nasdaq Futures 4,410.12 +10.88 +0.25%
Dow 30 17,207.22 -9.89 -0.06%
S&P 500 VIX 16.70 +0.95 +6.03%
DAX 10,238.10 +90.42 +0.89%
Nikkei 225 18,412.18 -142.10 -0.77%
Asia Dow
2,888 -23 0.79%
Nikkei 225
18,431 -123 0.66%
Hang Seng
22,773 -216 0.94%
Shanghai
3,303 -20 0.59%
Sensex
27,288 -19 0.07%
Singapore
3,039 +13 0.44%
2225
Shares / Re: Naspers reaching all time high?
« on: October 21, 2015, 05:39:19 pm »
You are correct, Moneyweb shows R1980. I thought that it broke the R2000 level? a while ago, as far as I can remember it was big news....but my 2c.
I like NPN, everywhere you go everybody is either on Laptop or Phone, whats up, banking and so on, in smoke room, restaurants, strip clubs.
I like 10c and NPN, it seems that they and management knows what they are doing.
U can follow 10c on Yahoo finance Code 0700.HK
I like NPN, everywhere you go everybody is either on Laptop or Phone, whats up, banking and so on, in smoke room, restaurants, strip clubs.
I like 10c and NPN, it seems that they and management knows what they are doing.
U can follow 10c on Yahoo finance Code 0700.HK
2226
Shares / Re: Pulverized Sand Box
« on: October 21, 2015, 03:16:37 pm »
Venezuela, whose currency has lost 87 percent of its value on the black market in the past year, is urging fellow OPEC members to reverse course and curb production to support prices. Eulogio Del Pino, the nation’s oil minister, will “present evidence” at talks between OPEC and non-members on Wednesday that a price of $88 a barrel is needed to ensure investment in supply, President Nicolas Maduro said on state television.
Iran agrees that OPEC ought to reduce output to engineer a price recovery to $70, but it’s doubtful the group will enact any measures to do this, the nation’s Oil Minister Bijan Namdar Zanganeh said Oct. 19. The Persian Gulf nation is planning to boost its own output by 1 million barrels a day next year if international sanctions are lifted.
Faltering U.S. supplies show the Saudi-led strategy is paying off, said Societe Generale’s Wittner. “If there are folks in the oil market who expect this is going to end with a new game plan, they’re going to be very disappointed,” he said.
Iran agrees that OPEC ought to reduce output to engineer a price recovery to $70, but it’s doubtful the group will enact any measures to do this, the nation’s Oil Minister Bijan Namdar Zanganeh said Oct. 19. The Persian Gulf nation is planning to boost its own output by 1 million barrels a day next year if international sanctions are lifted.
Faltering U.S. supplies show the Saudi-led strategy is paying off, said Societe Generale’s Wittner. “If there are folks in the oil market who expect this is going to end with a new game plan, they’re going to be very disappointed,” he said.
2229
Shares / Re: Pulverized Sand Box
« on: October 21, 2015, 01:53:38 pm »
Update :
Port 1.
NPN + 28% (65% of Portfolio)
OCE + 6% (28% of Portfolio)
Port 2.
AVL + 20% (96% of Portfolio)
Port 1.
NPN + 28% (65% of Portfolio)
OCE + 6% (28% of Portfolio)
Port 2.
AVL + 20% (96% of Portfolio)
2230
Shares / Re: Cherrypicking & Tapouts
« on: October 21, 2015, 10:54:56 am »
Nice MoneyPenny ..... 
2232
Shares / Re: Today's Outlook
« on: October 21, 2015, 06:57:18 am »
NPSNY +0.18% 147.49
MAIL.IL +0.55% 19.25
BABA -1.18% 71.79
0700.HK -0.14%
S&P 500 Futures 2,030.50 +10.00 +0.49%
Nasdaq Futures 4,447.00 +22.25 +0.50%
Dow 30 17,217.91 -12.63 -0.07%
S&P 500 VIX 15.75 +0.77 +5.14%
DAX 10,147.68 -16.63 -0.16%
Nikkei 225 18,537.62 +330.47 +1.82%
Asia Dow
2,917 +25 0.87%
Nikkei 225
18,527 +320 1.76%
Hang Seng
22,989 -87 0.38%
Shanghai
3,439 +14 0.40%
Sensex
27,403 +96 0.35%
Singapore
3,032 +13 0.43
MAIL.IL +0.55% 19.25
BABA -1.18% 71.79
0700.HK -0.14%
S&P 500 Futures 2,030.50 +10.00 +0.49%
Nasdaq Futures 4,447.00 +22.25 +0.50%
Dow 30 17,217.91 -12.63 -0.07%
S&P 500 VIX 15.75 +0.77 +5.14%
DAX 10,147.68 -16.63 -0.16%
Nikkei 225 18,537.62 +330.47 +1.82%
Asia Dow
2,917 +25 0.87%
Nikkei 225
18,527 +320 1.76%
Hang Seng
22,989 -87 0.38%
Shanghai
3,439 +14 0.40%
Sensex
27,403 +96 0.35%
Singapore
3,032 +13 0.43
2235
Shares / Re: Today's Outlook
« on: October 20, 2015, 06:59:22 am »
NPSNY -1.37% 147.22
MAIL.IL +0.24% 19.15
BABA +0.92% 72.65
0700.HK -0.34%
S&P 500 Futures 2,026.00 -1.50 -0.07%
Nasdaq Futures 4,450.75 -3.75 -0.08%
Dow 30 17,230.54 +14.57 +0.08%
S&P 500 VIX 14.98 -0.07 -0.47%
DAX 10,164.31 +59.88 +0.59%
Nikkei 225 18,209.18 +77.95 +0.43%
Asia Dow
2,898 -16 0.57%
Nikkei 225
18,223 +92 0.51%
Hang Seng
22,965 -111 0.48%
Shanghai
3,384 -3 0.08%
Sensex
27,378 +13 0.05%
Singapore
3,022 -3 0.08%
MAIL.IL +0.24% 19.15
BABA +0.92% 72.65
0700.HK -0.34%
S&P 500 Futures 2,026.00 -1.50 -0.07%
Nasdaq Futures 4,450.75 -3.75 -0.08%
Dow 30 17,230.54 +14.57 +0.08%
S&P 500 VIX 14.98 -0.07 -0.47%
DAX 10,164.31 +59.88 +0.59%
Nikkei 225 18,209.18 +77.95 +0.43%
Asia Dow
2,898 -16 0.57%
Nikkei 225
18,223 +92 0.51%
Hang Seng
22,965 -111 0.48%
Shanghai
3,384 -3 0.08%
Sensex
27,378 +13 0.05%
Singapore
3,022 -3 0.08%