91
Netflieks results out tomorrow night and Amazon later in July
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93
Shares / Re: Naspers (NPN) - reaching all time high?
« on: July 10, 2019, 04:38:57 pm »
True, but Naspers will still own 75% of Prosus.
94
Shares / Re: Naspers (NPN) - reaching all time high?
« on: July 10, 2019, 02:51:09 pm »
I want to keep Nasper, as u still have 75 % of Newco + Takealot ? Am I wrong ?
95
Shares / Re: Naspers (NPN) - reaching all time high?
« on: July 10, 2019, 08:02:22 am »
Correct, that is how I also read it. I was taught, first make your Investment decision, then, only then, do you look at tax implication. Do not let CGT be the start point, your investment 1st, then Tax. It is at this point Patrick starts getting upset and start shouting at me. 
.
Go . . . . .
.Go . . . . .
98
Shares / Re: Naspers (NPN) - reaching all time high?
« on: July 09, 2019, 01:56:30 pm »
You take your Total Valued paid for your NPN Shares say you bought 100 at R 1000 total (imagine 
), now you have 120 (new Quantity) bought at R 1000 total.
Please note I only have Standard 6 Lower grade maths.
), now you have 120 (new Quantity) bought at R 1000 total. Please note I only have Standard 6 Lower grade maths.
99
Shares / Re: Naspers (NPN) - reaching all time high?
« on: July 09, 2019, 01:03:17 pm »
The Newco shares will be pure Profit, i.e if you get R100,000 worth of Newco, that will be applicable to CGT as if you sold NPN.
That is my understanding and I based my decision on that.
In terms of the proposal, shareholders will receive new Naspers M-shares as a capitalisation issue, which do not have immediate tax liabilities. Capitalisation shares are exempt from dividend tax, but CGT become payable whenever the shares are sold
The circular states that the initial cost of these shares for the purposes of CGT will be deemed to be nil, meaning that the full value of the shares will attract CGT whenever a shareholder sells them. The M-shares are automatically replaced by NewCo shares, which is effectively seen as two separate transactions: the sale of M-shares and the purchase of NewCo shares.
That is my understanding and I based my decision on that.
In terms of the proposal, shareholders will receive new Naspers M-shares as a capitalisation issue, which do not have immediate tax liabilities. Capitalisation shares are exempt from dividend tax, but CGT become payable whenever the shares are sold
The circular states that the initial cost of these shares for the purposes of CGT will be deemed to be nil, meaning that the full value of the shares will attract CGT whenever a shareholder sells them. The M-shares are automatically replaced by NewCo shares, which is effectively seen as two separate transactions: the sale of M-shares and the purchase of NewCo shares.
100
Shares / Re: Pulverized Sand Box
« on: July 09, 2019, 08:31:10 am »
After a 67-year run, MAD Magazine and its “usual gang of idiots” are bidding farewell 
101
Shares / Re: Naspers (NPN) - reaching all time high?
« on: July 09, 2019, 08:26:21 am »
If you take Prosus you pay capital gains tax. I am Keeping NPN, as I do not want to be Taxed, I will sell NPN slowly over the years to ensure I minimize capital gains tax. On my Smaller portfolio I will take Prosus and pay capital gains tax.
I looked and NPN will own a big % of Prosus, thus I actually do not see why Prosus would be such a good choice. However my decision is also based on the fact that I already own offshore, Tencent, Amazon and Netflix. I buy offshore every Tax year.
I looked and NPN will own a big % of Prosus, thus I actually do not see why Prosus would be such a good choice. However my decision is also based on the fact that I already own offshore, Tencent, Amazon and Netflix. I buy offshore every Tax year.
102
Shares / Re: Naspers (NPN) - reaching all time high?
« on: June 12, 2019, 04:53:58 pm »
I also will take Newco option on mine.
104
Shares / Re: Pulverized Sand Box
« on: May 29, 2019, 01:03:00 pm »
AMSTERDAM (Reuters) - South African media and tech group Naspers said on Wednesday it aims to float its consumer internet businesses on the Euronext stock exchange in Amsterdam on July 17.
Naspers will retain a 73% stake in the new company, which will have a market capitalisation in excess of 100 billion euros ($112 billion) and will hold Naspers' one-third stake in China's Tencent, as well as its OLX and "letgo" classified businesses.
Existing Naspers shareholders will receive shares representing 27% of the new company when it lists, Naspers said in a statement. Naspers announced the plan in March.
Naspers will retain a 73% stake in the new company, which will have a market capitalisation in excess of 100 billion euros ($112 billion) and will hold Naspers' one-third stake in China's Tencent, as well as its OLX and "letgo" classified businesses.
Existing Naspers shareholders will receive shares representing 27% of the new company when it lists, Naspers said in a statement. Naspers announced the plan in March.