3106
NPN 
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3107
Shares / Re: Pulverized Sand Box
« on: October 29, 2014, 10:23:18 am »
NPN - 
SGL -
APN - Sold mine
KIO -
SGL -
APN - Sold mine
KIO -
3108
Shares / Re: Today's Outlook
« on: October 29, 2014, 08:34:28 am »
S&P up 1.19%
Dow up 1.12 %
NDQ up 1.75 %
Asian shares rise on earnings optimism, dovish Fed
Dow up 1.12 %
NDQ up 1.75 %
Asian shares rise on earnings optimism, dovish Fed
3109
Shares / Re: Long Term Portfolios.
« on: October 29, 2014, 08:29:54 am »In my view, those are poor performing funds for long term. If you actively invest in funds that are relatively immune to market downturns such as non cyclical stocks that I will mention bellow.
The STX40 has only averaged 7% pa since 2008. That is in my mind a poor performance compared to the the stocks that are immune to corrections. On long term, you will exceed 36% pa that these stocks have been achieving for years.
EOH
NPN
SHP
TRU
This is not advice to you but my own advice to me. Pity I never listened.
There are a few people from the Darkside, including me, that should have listened to you years ago.
3110
Shares / Re: Today's Outlook
« on: October 28, 2014, 12:36:38 pm »
S&P 500 futures up 0.50%
Dow futures up 0.41%
Nasdaq futures up 0.54%
Dow futures up 0.41%
Nasdaq futures up 0.54%
3111
Shares / Pension vs Market
« on: October 28, 2014, 08:54:37 am »
I have 2 Pensions. 1 is larger which I will keep, other 1 is in preservation fund, smaller of the 2. I was thinking of cashing it up and adding it to my monies invested in the Market. The idea behind it is to have liquidity, as getting money out of Market is much easier than getting it out of preservation fund.
Any advise will be appreciated.
Any advise will be appreciated.
3112
Shares / Re: Today's Outlook
« on: October 28, 2014, 08:45:20 am »
You do it much better than me.
3113
Shares / Re: Today's Outlook
« on: October 27, 2014, 01:41:40 pm »
S&P 500 futures Down 0.18%
Dow futures Down 0.07%
Nasdaq futures Down 0.12%
Dow futures Down 0.07%
Nasdaq futures Down 0.12%
3117
Shares / Re: Today's Outlook
« on: October 27, 2014, 08:47:11 am »
S&P 500 up 0.71%
Dow up 0.76 %
Nasdaq up 0.69
Asian equities rose on Monday, taking heart from upbeat U.S. economic data and slightly better-than-expected health checks on euro zone banks, which helped revive investors' risk appetite
S&P 500 Futures 1,960.45 +0.70 +0.04%
NQ 100 Futures 4,040.90 +6.15 +0.15%
Dow 30 16,805.41 +127.51 +0.76%
DAX 8,987.80 -59.51 -0.66%
FTSE 100 6,388.73 -30.42 -0.47%
Nikkei 225 15,388.72 +97.08 +0.63%
Dow up 0.76 %
Nasdaq up 0.69
Asian equities rose on Monday, taking heart from upbeat U.S. economic data and slightly better-than-expected health checks on euro zone banks, which helped revive investors' risk appetite
S&P 500 Futures 1,960.45 +0.70 +0.04%
NQ 100 Futures 4,040.90 +6.15 +0.15%
Dow 30 16,805.41 +127.51 +0.76%
DAX 8,987.80 -59.51 -0.66%
FTSE 100 6,388.73 -30.42 -0.47%
Nikkei 225 15,388.72 +97.08 +0.63%
3118
Shares / Re: Today's Outlook
« on: October 24, 2014, 12:42:22 pm »
S&P 500 futures Down 0.3%
Dow futures Down 0.2%
Nasdaq futures Down 0.3%
Dow futures Down 0.2%
Nasdaq futures Down 0.3%
3120
Shares / Re: Pulverized Sand Box
« on: October 23, 2014, 05:09:46 pm »
I paid 9c - then it got suspended only have R2500 worth....
1time Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1999/017536/06)
JSE code: 1TM ISIN: ZAE000102026
(“1time” or “the Company”)
UPDATE TO THE ACQUISITION OF GLOBAL AIRWAYS LIMITED
1. INTRODUCTION AND UPDATE
Shareholders are referred to the announcement released on SENS on 4 December 2013 whereby
shareholders were advised that 1time had entered into a binding agreement (“Agreement”) with Global
Aviation Holdings Limited and Pak Africa Trade Zone Proprietary Limited on 2 December 2013, to acquire
100% of the issued share capital of Global Airways Limited (“Global Airways”). The consideration in
respect thereof being R21.6 million, to be settled by way of the issue of 720 million 1time ordinary shares
at an issue price of 3 cents per share.
Shareholders are hereby provided with an update thereto.
- 1time has entered into a revised binding subscription agreement (“the Subscription Agreement”) with
AU-Trading Proprietary Limited (“AU-Trading”) (“the Subscriber”) on 21 October 2014 to acquire
100% of the issued share capital of Pak Africa Aviation Limited (“Pak Africa Aviation”) (“the
Acquisition”). The consideration in respect of the Acquisition is R21.6 million, to be settled by way of
the issue of 720 million 1time ordinary shares (“Subscription Shares”) at an issue price of 3 cents per
share (“the Purchase Consideration”). The Subscription Agreement will replace the Agreement dated
2 December 2013.
The rationale for the revised Subscription Agreement is as follows:
- Global Airways changed its name to Pak Africa Aviation with effect from 13 May 2014; and
- AU-Trading is now the sole shareholder of Pak Africa Aviation and accordingly will be the only
recipient of the Subscription Shares.
2. UNDERLYING FINANCIAL INFORMATION OF PAK AFRICA AVIATION
As per Pak Africa Aviation’s annual financial statements for the year ended 28 February 2014 (“financial
statements”) which will be included in the circular to shareholders, the value of Pak Africa Aviation’s net
assets that are the subject of the transaction was R71 669 and the profit for the year attributable to those
net assets was R14 307 708.
However, post year end but prior to audit sign-off of the financial statements, Pak Africa Aviation
purchased 2 aircraft on 26 March 2014 at a combined value of $3 000 000 or R32 087 400, which
increased the value of Pak Africa Aviation’s net assets to R32 159 069 as at 26 March 2014.
Save as disclosed, there have been no other changes to the terms announced on SENS on 4 December
2013, furthermore, shareholders are reminded that the Company is still under cautionary and are
accordingly advised to continue exercising caution when dealing in the Company’s securities, until a
further announcement is made.
Johannesburg
23 October 2014
1time Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1999/017536/06)
JSE code: 1TM ISIN: ZAE000102026
(“1time” or “the Company”)
UPDATE TO THE ACQUISITION OF GLOBAL AIRWAYS LIMITED
1. INTRODUCTION AND UPDATE
Shareholders are referred to the announcement released on SENS on 4 December 2013 whereby
shareholders were advised that 1time had entered into a binding agreement (“Agreement”) with Global
Aviation Holdings Limited and Pak Africa Trade Zone Proprietary Limited on 2 December 2013, to acquire
100% of the issued share capital of Global Airways Limited (“Global Airways”). The consideration in
respect thereof being R21.6 million, to be settled by way of the issue of 720 million 1time ordinary shares
at an issue price of 3 cents per share.
Shareholders are hereby provided with an update thereto.
- 1time has entered into a revised binding subscription agreement (“the Subscription Agreement”) with
AU-Trading Proprietary Limited (“AU-Trading”) (“the Subscriber”) on 21 October 2014 to acquire
100% of the issued share capital of Pak Africa Aviation Limited (“Pak Africa Aviation”) (“the
Acquisition”). The consideration in respect of the Acquisition is R21.6 million, to be settled by way of
the issue of 720 million 1time ordinary shares (“Subscription Shares”) at an issue price of 3 cents per
share (“the Purchase Consideration”). The Subscription Agreement will replace the Agreement dated
2 December 2013.
The rationale for the revised Subscription Agreement is as follows:
- Global Airways changed its name to Pak Africa Aviation with effect from 13 May 2014; and
- AU-Trading is now the sole shareholder of Pak Africa Aviation and accordingly will be the only
recipient of the Subscription Shares.
2. UNDERLYING FINANCIAL INFORMATION OF PAK AFRICA AVIATION
As per Pak Africa Aviation’s annual financial statements for the year ended 28 February 2014 (“financial
statements”) which will be included in the circular to shareholders, the value of Pak Africa Aviation’s net
assets that are the subject of the transaction was R71 669 and the profit for the year attributable to those
net assets was R14 307 708.
However, post year end but prior to audit sign-off of the financial statements, Pak Africa Aviation
purchased 2 aircraft on 26 March 2014 at a combined value of $3 000 000 or R32 087 400, which
increased the value of Pak Africa Aviation’s net assets to R32 159 069 as at 26 March 2014.
Save as disclosed, there have been no other changes to the terms announced on SENS on 4 December
2013, furthermore, shareholders are reminded that the Company is still under cautionary and are
accordingly advised to continue exercising caution when dealing in the Company’s securities, until a
further announcement is made.
Johannesburg
23 October 2014