Author Topic: Naspers (NPN) - reaching all time high?  (Read 38745 times)

Bundu

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Re: Naspers (NPN) - reaching all time high?
« Reply #90 on: July 10, 2019, 03:30:46 pm »
I want to keep Nasper, as u still have 75 % of Newco + Takealot ? Am I wrong ?

with the default option you do keep your NPN and get Prosus? don't you?

with the other option, you just get about 37% more NPN and no Prosus
Last Edit: Tomorrow at 06:13:55 PM by Bundu

jaDEB

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Re: Naspers (NPN) - reaching all time high?
« Reply #91 on: July 10, 2019, 04:38:57 pm »
True, but Naspers will still own 75% of Prosus.
jaDEB

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Johann Groenewald

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Re: Naspers (NPN) - reaching all time high?
« Reply #92 on: July 17, 2019, 03:53:01 pm »
Sorry if this is an idiot question, but...

If I own Naspers and opt to take the Prosus shares when the time comes then the following questions come up:

I get shares which is now domiciled in the Netherlands, how does this affect my will? And tax reporting down the line.

My current broker account only deals with JSE shares, do I need a new broker account which allows me to hold Euronext shares?

I assume because you get the shares, you are not actually moving capital out of ZA - or are you, and then how does that affect your annual allowance (not that I have that many but the question is theoretical)

As for CGT, there is Steinhoff for the offset :LHST:

Bundu

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Re: Naspers (NPN) - reaching all time high?
« Reply #93 on: July 17, 2019, 05:08:51 pm »
the way I understand it, is that you will get Prosus shares that will be listed on the JSE, but are dual listed here with main listing in Amsterdam, so no separate trading account or tax issues
Last Edit: Tomorrow at 06:13:55 PM by Bundu

gcr

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Re: Naspers (NPN) - reaching all time high?
« Reply #94 on: July 17, 2019, 06:40:01 pm »
the way I understand it, is that you will get Prosus shares that will be listed on the JSE, but are dual listed here with main listing in Amsterdam, so no separate trading account or tax issues
Wasn't this the route that Steinhoff adopted :LHST: :LHST:
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Bundu

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Re: Naspers (NPN) - reaching all time high?
« Reply #95 on: September 17, 2019, 03:11:59 pm »
anybody know what the Prosus opening price is in order to calculate the CGT for people that received free Prosus shares?
Last Edit: Tomorrow at 06:13:55 PM by Bundu

Moonraker

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Re: Naspers (NPN) - reaching all time high?
« Reply #96 on: September 17, 2019, 04:28:45 pm »
I have it at 1187.35 per share

Bundu

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Re: Naspers (NPN) - reaching all time high?
« Reply #97 on: September 17, 2019, 04:41:46 pm »
thanks! How did you determine that value?
Last Edit: Tomorrow at 06:13:55 PM by Bundu

Moonraker

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Re: Naspers (NPN) - reaching all time high?
« Reply #98 on: September 18, 2019, 11:02:27 am »
Took it from the base cost of my portfolio account with Sanlam P.W.

 :)

jaDEB

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Re: Naspers (NPN) - reaching all time high?
« Reply #99 on: September 19, 2019, 10:51:53 am »
My understanding it is Prosus start value is 0. You pay capital gains tax on complete value. That is why on my small portfolio I took Prosus, also sold my NPN yesterday and bought more Prx. But my other portfolio I took additional NPN to avoid the capital gains tax.

Let me know if I am wrong, with my Standard Six maths and all.
jaDEB

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Moonraker

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Re: Naspers (NPN) - reaching all time high?
« Reply #100 on: September 19, 2019, 11:37:18 am »
From a tax perspective, its important to note that a tax event will be triggered when the M shares are exchanged for
Prosus shares. The M shares are considered to be received for a nil-base cost and then disposed of
for the fair value of the Prosus shares. In other words, the full value of the Prosus shares received will be considered
a taxable gain and subject to capital gains tax (CGT).
The taxable gain is expected to be around 27% of the original
Naspers N value (which is the expected market value of Prosus shares to be received).


Yes, you are of course right - I should have said 'opening price'

jaDEB

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Re: Naspers (NPN) - reaching all time high?
« Reply #101 on: September 19, 2019, 11:53:55 am »
and also had a nice ^%$#@#$%$#@ suprise looking at my Tax forms. %^%$#@#$$%.

Did you dispose of any foreign assets attracting capital gain or loss (including Cryptocurrency):frustrated:

Bought myself a Ledger Nano S Cryptocurrency Hardware Wallet.
jaDEB

Trust me, you get what you give - 2019