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General Category => Shares => Topic started by: jamaadhir on April 03, 2021, 11:10:24 am

Title: PPC Cement
Post by: jamaadhir on April 03, 2021, 11:10:24 am
Hi guys. I went a bit crazy the past few weeks watching the PPC charts. I decided to go crazy and put 55% of my portfolio into it, hoping the news coming out DRC would be good. It has paid off so far. I am not sure at what point to bail. Thinking 3,20.

Title: Re: PPC Cement
Post by: gcr on April 04, 2021, 08:35:19 am
It may have been better to put funds into retail than PPC - the construction industry is going to take maybe years before it fully recovers, also construction normally has a number of subcontractors so there is always the problem of social distancing and any outbreak on site will shut the site down for a minimum of 90 days. I think industry will take at least 2 years to get to a reasonable production level and a return to semi normality. However in the SA market you have the debilitating government to contend with where it is riddled with fools and thieves
Title: Re: PPC Cement
Post by: jamaadhir on April 04, 2021, 04:32:12 pm
not a long term investor. I'm looking for quick gains.
Title: Re: PPC Cement
Post by: gcr on April 04, 2021, 04:45:56 pm
Be wary of doing this with your own private portfolio - you could be seen as a trader and SARS will bleed you dry
Title: Re: PPC Cement
Post by: jamaadhir on April 05, 2021, 12:15:47 am
What's the better way to do it?
Title: Re: PPC Cement
Post by: gcr on April 07, 2021, 01:07:03 pm
SARS dictates that to escape being assessed as a trader you need to hold shares for at least 3 years. If you buy a share and then the price tanks (Steinhoff comes to mind) then you can argue that you were endeavouring to avoid a blood bath by getting out earlier - however remember one thing it is almost impossible to argue your case or even negotiate with SARS (draconian comes to mind). I retired in 2005 and I don't think there is a single year where I have not been called upon to submit documentation and quantify decisions

So go into what you do with your eyes wide open