The JSE and finance forum for South Africa
General Category => Shares => Topic started by: Fawkes85 on September 17, 2015, 12:57:28 pm
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Ok, so I am starting this thread for people who have questions but they can't find a thread where it fits but also do not see the need to start a whole new thread for it. I hope you guys find this helpful.
I will start us off. I have attached a Balance Sheet and I am trying to figure out how to workout the total equities. The 'Total assets' and 'Total equities and liabilities' numbers are the same which is confusing me a little bit. Now I am under the impression that total equities are the result of total assets minus total liabilities.
So am I right that according to this balance sheet their total equities are 1 183 235 - 673 613?
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Nope, it's share capital plus share premium. Those represent all the shares issued for cash to shareholders.
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Mind going into more detail:
What is share capital plus share premium?
What represents all the shares issued for cash to shareholders?
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Share capital is the value of shares the company has issued. Take your RPL they have issued X number of shares at 8 pence each so X multiplied by 8 pence will be the share capital amount. The market price at which they are traded is of course much higher than when the shares were originally issued. Share premium can come about as a result of additional issuance, for example resulting from a rights issue.
I am not an accountant, but maybe there is one in-house ;)
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I see. I am just going by this video:
https://www.youtube.com/watch?v=yfWbSbrKkcQ
According to it Equity=Assets-Liabilities
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Misunderstanding. I took it you meant equities = shares as you said equities rather than equity.
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Misunderstanding. I took it you meant equities = shares as you said equities rather than equity.
Hehe...yeah that really confused me as well. Always thought equity was shares and that's the end of that. But on the image I uploaded it clearly states 'Total equities and liabilities.' It a balance sheet so I am pretty sure they are talking about assets and not shares.
Anyway am I correct in saying then the equity is 1 183 235 - 673 613?
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Yes, but shares issued (as per my prev. post) form part of a companies equity.
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Can someone tell me where I can see which companies are listed on each after the market cap indices? Googled it but can't find the information.
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Can someone tell me where I can see which companies are listed on each after the market cap indices? Googled it but can't find the information.
I don't understand the question. Do you want to search/filter companies based on market cap?
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Can someone tell me where I can see which companies are listed on each after the market cap indices? Googled it but can't find the information.
I don't understand the question. Do you want to search/filter companies based on market cap?
There is a TOP40 index with 40 large cap companies, a midcap index with the next 60 biggest companies(called AltX I think), and a small cap index with the next 60 biggest companies. I want to find a place where I can look at those three indices and see which companies are listed on them. Hopefully ranked from smallest to biggest.
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I think most sources of share price data offers a search feature (google finance, bloomberg, msn...)
This is probably the easiest method
goto: https://itradedata.co.za
From the top menu, select "Ranking Tables" --> "By Market Cap"
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I would not invest in any Mid Cap Fund as yesterday's flailing Large Caps become flailing Mid Caps.
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I would not invest in any Mid Cap Fund as yesterday's flailing Large Caps become flailing Mid Caps.
Well as mentioned in my Beginner's Portfolio Blog I removed the RMBMID from my portfolio for that exact reason. I want the information because I want to see which companies are listed on those indices and then hopefully through that I can find the information as to who are the best performers on them. I am looking into that as come March I want to start my own Momentum portfolio like the one Simon Brown has. Apart from that it would still be nice to have access to that kind of information about all the different JSE indices. But it is really hard to find it.
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I am not really into Index Funds so cannot help you there. What I do know is what Patrick has researched and posted here on ETF's. The best long term performing ETF is the STXIND.
The DIVTRX has only been in existence for a year and a half and was beating the STXIND until SAB skewed it.
This will surely change as DIVTRX is equally weighted and will dump stocks that do not increase their dividends. It is a well known fact that companies that keep increasing dividends are doing well.
In my view, your homework on ETF's has been done. Simon promotes STXIND as his favourite ETF but I don't recall him mentioning DIVTRX. Perhaps I should ask him to review it.
As to Momentum Stocks. I do not know what Simon regards them to be but I have used this term for many years for stocks with good fundamentals that just keep going up with the PE ratio adjusting to appropriate levels. I only invest in these stocks and they have done me well. CML was my first since 2009 and I have now replaced her with ADI and PGR.
I have been torn to pieces on forums with this method but I obviously won in the end as they went very quiet.
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I am not really into Index Funds so cannot help you there. What I do know is what Patrick has researched and posted here on ETF's. The best long term performing ETF is the STXIND.
The DIVTRX has only been in existence for a year and a half and was beating the STXIND until SAB skewed it.
This will surely change as DIVTRX is equally weighted and will dump stocks that do not increase their dividends. It is a well known fact that companies that keep increasing dividends are doing well.
In my view, your homework on ETF's has been done. Simon promotes STXIND as his favourite ETF but I don't recall him mentioning DIVTRX. Perhaps I should ask him to review it.
As to Momentum Stocks. I do not know what Simon regards them to be but I have used this term for many years for stocks with good fundamentals that just keep going up with the PE ratio adjusting to appropriate levels. I only invest in these stocks and they have done me well. CML was my first since 2009 and I have now replaced her with ADI and PGR.
I have been torn to pieces on forums with this method but I obviously won in the end as they went very quiet.
Simon's momentum stocks are the top 5 performers on the Top40 and the AltX respectively over the course of a year. Once the year is over he looks at who the top 5 performers on each index were again. If one company has dropped of the top 5 performers, Simon sells that company and buys into the new company.
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When I look at a weekly chart, are the EMAs on that chart weekly moving averages? For instance if I have a 15EMA on a weekly chart it will show me a 15 week EMA instead of a 15 day EMA?
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On a daily EMA chart it will have daily EMA and weekly chart will have weekly EMA.
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There is a TOP40 index with 40 large cap companies, a midcap index with the next 60 biggest companies(called AltX I think), and a small cap index with the next 60 biggest companies. I want to find a place where I can look at those three indices and see which companies are listed on them. Hopefully ranked from smallest to biggest.
If you take a look at the ETFs that cover those parts of the market on the ETF issuer page, then you can usually click through to see the holdings of the ETF which will list all the companies in the ETF. Those companies are, thus, considered the large or mid cap companies on the exchange. If the ETF is market weighted, then you can assume that the percentage shown next to the holding is how big they are in the market.
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I emailed JSE and they sent me the information. I attached the file to this post. It is only for the Top40, Mid Cap and Small Cap indices though.
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Can someone tell me if normal stocks have annual fees as well? I know ETFs have annual fees but I didn't think owning normal stocks directly in a company had annual fees too. But yet on Google finance, in my portfolio, they show a 'Cost Basis' for my shares that I hold directly in companies. I attached a picture to show you. I erased some of the information but you can clearly see there is a Cost Basis for RPL, SNV and TEX
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Hey, it is merely the weighted average cost (incl. brokerage charges) of the shares.
https://support.google.com/finance/?hl=en#161761
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Ok so I don't have to worry about any fees with them? It's just for tax purposes? Thanks ahead
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Can someone tell me what is the difference between Net Income and Headline Earnings?