3256
Shares / Re: Pulverized Sand Box
« on: September 03, 2014, 09:54:18 am »
10Cents - 
NPN -
APN -
TKG -
Missed this 1
NPN -
APN -
TKG -
Missed this 1
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3257
Shares / Re: African Bank
« on: September 02, 2014, 05:38:27 pm »
Yip, that is what you do, use the last bit of investors money that is left. employee 
some people , let them run around doing cr p. Then at the end say, althought millions was spend looking at what went wrong, nothing is left... Same old Bullsh t every frikkin time. 
SOUTH AFRICAN RESERVE BANK ("the SARB") INVESTIGATION INTO AFRICAN BANK
On 10 August 2014, the SARB released a statement, placing African Bank into Curatorship. The SARB has today
released a further statement relating to the institution of a formal independent investigation into African Bank, in terms of
section 69(A) of the Banks Act No 94 of 1990.
The full SARB statement is set out below:
"The South African Reserve Bank (SARB) recognises the importance of investigating the circumstances that gave rise to
African Bank being placed under Curatorship on 10th August, 2014. It has therefore decided to institute a formal
independent investigation in terms of section 69 (A) of the Banks Act No. 94 of 1990. The Registrar of Banks has,
pursuant to this decision, appointed Adv. JF Myburgh as Commissioner in terms of the said provisions with effect from
30th August 2014. He will be assisted by Vincent Maleka, SC, and Brian Abrahams. Notice to this effect will appear in the
Government Gazette of 12 September 2014.
Advocate Myburgh will, among other matters, investigate the business, trade, dealings, affairs, assets and liabilities of
African Bank. These duties will be performed as outlined in section 69(A) of the Banks Act and in terms of sections 4 and
5 of the Inspection of Financial Institutions Act 1998 (Act NO. 80 of 1998)
The Commissioner is required to complete this investigation within a period of five months from the date of appointment.
A written report will be required to be submitted within 30 days after the completion of the investigation.
The report should indicate, among other things, whether or not:
1. it appears that any business of African Bank was conducted recklessly, negligently or with the intent to defraud
depositors, other creditors or any other person for any other fraudulent purpose;
2. the business of African Bank involved questionable management practices or material non-disclosures, with the
intent to defraud depositors or other creditors. Should this appear to be the case, the Commissioner should
indicate whether any person party to such questionable practices has been identified."
The ABIL Board of Directors has committed to fully cooperating with the Commissioner on the matter.
All queries with regard to the Commission should be addressed to Hlengani Mathebula, Head of Group Strategy and
Communications at the SARB on +27 12 313 4210 or +27 82 448 9219.
On behalf of the Board
Midrand
2 September 2014
some people , let them run around doing cr p. Then at the end say, althought millions was spend looking at what went wrong, nothing is left... Same old Bullsh t every frikkin time. SOUTH AFRICAN RESERVE BANK ("the SARB") INVESTIGATION INTO AFRICAN BANK
On 10 August 2014, the SARB released a statement, placing African Bank into Curatorship. The SARB has today
released a further statement relating to the institution of a formal independent investigation into African Bank, in terms of
section 69(A) of the Banks Act No 94 of 1990.
The full SARB statement is set out below:
"The South African Reserve Bank (SARB) recognises the importance of investigating the circumstances that gave rise to
African Bank being placed under Curatorship on 10th August, 2014. It has therefore decided to institute a formal
independent investigation in terms of section 69 (A) of the Banks Act No. 94 of 1990. The Registrar of Banks has,
pursuant to this decision, appointed Adv. JF Myburgh as Commissioner in terms of the said provisions with effect from
30th August 2014. He will be assisted by Vincent Maleka, SC, and Brian Abrahams. Notice to this effect will appear in the
Government Gazette of 12 September 2014.
Advocate Myburgh will, among other matters, investigate the business, trade, dealings, affairs, assets and liabilities of
African Bank. These duties will be performed as outlined in section 69(A) of the Banks Act and in terms of sections 4 and
5 of the Inspection of Financial Institutions Act 1998 (Act NO. 80 of 1998)
The Commissioner is required to complete this investigation within a period of five months from the date of appointment.
A written report will be required to be submitted within 30 days after the completion of the investigation.
The report should indicate, among other things, whether or not:
1. it appears that any business of African Bank was conducted recklessly, negligently or with the intent to defraud
depositors, other creditors or any other person for any other fraudulent purpose;
2. the business of African Bank involved questionable management practices or material non-disclosures, with the
intent to defraud depositors or other creditors. Should this appear to be the case, the Commissioner should
indicate whether any person party to such questionable practices has been identified."
The ABIL Board of Directors has committed to fully cooperating with the Commissioner on the matter.
All queries with regard to the Commission should be addressed to Hlengani Mathebula, Head of Group Strategy and
Communications at the SARB on +27 12 313 4210 or +27 82 448 9219.
On behalf of the Board
Midrand
2 September 2014
3259
Shares / Re: Oceana
« on: September 02, 2014, 03:13:04 pm »
ANy1`some input on this 1, the results are out sometime in November. How long before you have to bring out a trading statement?
3261
Shares / Re: Today's Outlook
« on: September 02, 2014, 10:55:35 am »
Yes, thanks MP.... 
I like "Most traded to positive this week APN"
I like "Most traded to positive this week APN"
3262
Shares / Re: Pulverized Sand Box
« on: September 02, 2014, 10:34:19 am »
APN -
NPN -
Long term
OCE -
SGL - Waiting for news on Platinum play.
Mr Bond, I have APN and NPN, I think you also have these 2?
NPN -
Long termOCE -
SGL -
Waiting for news on Platinum play.Mr Bond, I have APN and NPN, I think you also have these 2?
3263
Shares / Re: GOLDFIELDS - GFI
« on: September 01, 2014, 01:55:58 pm »
Gold shares are so difficult, as so much rely on the Gold Price. I sold SGL as I think the Gold Price is in a downward trend, but saying that, tomorrow anything might happen and the gold goes up. It is difficult to say exit point.
3264
Shares / Re: Pulverized Sand Box
« on: August 29, 2014, 11:39:22 am »Trading Statement
Aspen Pharmacare Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1985/002935/06)
Share code: APN & ISIN: ZAE000066692
("Aspen")
Voluntary Trading Statement
Aspen shareholders are hereby advised that normalised diluted headline earnings per
share (“NDHEPS”), earnings per share and headline earnings per share for the 12
months ended 30 June 2014 are expected to exceed those reported in the comparative
period, ended 30 June 2013, within the following ranges:
Measure Range Notes
NDHEPS 25% to 31% 1
Earnings per share 40% to 46% 2
Headline earnings per share 26% to 32% 3
Notes:
1. NDHEPS comprises diluted headline earnings per share adjusted for specific non-
trading items. NDHEPS is the primary measure used by Aspen to assess its
underlying financial performance.
2. The growth in earnings per share has benefited from capital profits on the sale of
certain non-core products during the year and foreign exchange gains related to
transaction funding, partly offset by the effect of significant transaction costs relating
to new business acquisitions.
3. The growth in headline earnings per share is less than the growth in earnings per
share primarily due to the exclusion of the capital profits from the sale of certain non-
core products in the calculation of headline earnings.
The financial results on which this trading announcement is based have not been
reviewed or reported on by Aspen`s external auditors.
Aspen`s provisional results for the 12 months ended 30 June 2014 are scheduled to be
published on SENS on 10 September 2014.
3265
Shares / Re: Pulverized Sand Box
« on: August 28, 2014, 08:58:20 am »
APN -
NPN -
OCE - Going nowhere ..
SGL -
NPN -
OCE -
Going nowhere ..SGL -
3266
Shares / Re: Naspers (NPN)
« on: August 27, 2014, 08:47:40 am »Rating Action:
Moody's assigns A3 to Tencent's $2.5 billion Medium Term Notes
Global Credit Research - 23 Apr 2014
Hong Kong, April 23, 2014 -- Moody's Investors Service has assigned an A3 rating to Tencent Holdings Limited's US$2.5 billion Medium Term Notes drawn under its US$5 billion GMTN programme.
The rating outlook is stable.
RATINGS RATIONALE
"The drawdown of the GMTN programme will further enhance Tencent's already strong liquidity, enabling the company to sustain a steady growth trajectory in revenue and cash flow," says Lina Choi, a Moody's Vice President and Senior Analyst.
Tencent enjoys material and sustainable revenue contribution from its highly competitive online games products, which account for more than 50% of total revenue. Over the past two years, its online games revenue has grown by 35%-45%, due primarily to its diverse game portfolio with in-house and licensed titles.
"The additional debt will not affect Tencent's A3 credit profile and will substantiate its financial flexibility," adds Choi, also the Lead Analyst for Tencent.
Supported by its steadily growing operating cash flow, Tencent's adjusted debt/EBITDA of 0.9x at end-2013 combined with its US$6.6 billion net cash position is strong when compared with most A3-rated peers.
After the company issues the US$2.5 billion Medium Term Notes, Moody's expects it will maintain a strong net cash position and adjusted debt/EBITDA at around 1.0x-1.75x over the next 12-18 months, which is consistent with its A3 rating.
The stable outlook reflects Moody's expectation that Tencent will maintain its strong financial profile and leadership in China's internet market, while pursuing acquisition opportunities to complement its business model.
While Moody's does not see near term upward pressure on the ratings, such pressure may arise if Tencent: (1) continues to achieve strong revenue and cash flow growth; (2) develops and monetizes new mobile products without substantial cannibalization of current revenue streams; and (3) maintains prudent financial management, as evidenced by strong credit metrics, such as debt/EBITDA below 0.5x-0.75x, and an overall net cash position.
Downward rating pressure could emerge if Tencent: (1) experiences sustained erosion in its active user base, affecting monetization and cash flow generation; (2) engages in aggressive acquisitions that pressure its balance sheet liquidity, or raises its overall risk profile; (3) undertakes an aggressive dividend policy that weakens its balance sheet liquidity, or there is evidence of cash leakage to its parent, or related companies; and/or (4) sees its credit profile weaken, with debt/EBITDA exceeding 1.5x-2.0x, and recording a net debt position.
Furthermore, adverse developments in the regulatory regime that could affect Tencent's operations or business model will be negative for the ratings.
Tencent Holdings Limited's ratings were assigned by evaluating factors that Moody's considers relevant to the credit profile of the issuer, such as the company's (i) business risk and competitive position compared with others within the industry; (ii) capital structure and financial risk; (iii) projected performance over the near to intermediate term; and (iv) management's track record and tolerance for risk. Moody's compared these attributes against other issuers both within and outside Tencent Holdings Limited's core industry and believes Tencent Holdings Limited's ratings are comparable to those of other issuers with similar credit risk.
Tencent Holdings Limited is a leading provider of comprehensive Internet services in China. It operates leading social networking services, online portals and online games platforms. Tencent is approximately 34%-owned by Naspers Limited (Baa3 stable).
REGULATORY DISCLOSURES
For ratings issued on a program, series or category/class of debt, this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series or category/class of debt or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the rating action on the support provider and in relation to each particular rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.
For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this rating action, and whose ratings may change as a result of this rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.
Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.
Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.
Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating.
The first name below is the lead rating analyst for this Credit Rating and the last name below is the person primarily responsible for approving this Credit Rating.
