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Author Topic: PSG Konsult  (Read 28376 times)

jaDEB

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PSG Konsult
« on: April 10, 2014, 09:21:40 am »
IPO

Financial services group PSG Konsult has announced its long-awaited listing on the JSE along with its financial results for the year to February 2014.
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jaDEB

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Shi

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Re: PSG Konsult
« Reply #1 on: April 10, 2014, 01:14:12 pm »
Details from PSG Konsult's website:

current price: 699
PE: 34.95
D/Y: 1.62
Shares in issue: over 1.2B
Market cap: R8.8B

Often trades over a million shares. On the 5th of March it was trading at 500. The push up to 700 seems to be based on the listing news.
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jaDEB

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Re: PSG Konsult
« Reply #2 on: April 10, 2014, 01:23:50 pm »
PE is nogal high ..  8)
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Moneypenny

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Re: PSG Konsult
« Reply #3 on: April 10, 2014, 01:39:23 pm »
New friends for Sanlam & Coronation.
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franz

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Re: PSG Konsult
« Reply #4 on: June 09, 2014, 06:28:29 pm »
PSG Konsult to list on the JSE Wednesday, June 18.
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gcr

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Re: PSG Konsult
« Reply #5 on: June 09, 2014, 06:47:24 pm »
Should be interesting to see at what price it opens and ultimately closes on 18th - last traded at R 7.45 on 30th May 2014 when it was suspended as an over the counter traded share
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Snakepit

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Re: PSG Konsult
« Reply #6 on: June 10, 2014, 08:12:14 am »
Guys a little help please. OTC shares - where do you trade them? How do you trade a share that has not been listed yet?

Same question regarding Preference shares. How and where do you trade them?
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gcr

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Re: PSG Konsult
« Reply #7 on: June 10, 2014, 09:22:50 am »
Supposedly all OTC shares will cease to trade - the JSE has closed down this operation as there are very few regulations governing these transactions and the purchaser does not have the same protection as they could derive from the controls in place by the JSE.
Preference shares to my knowledge can be bought through your broker - I will check with my brokers as to how I can buy pref shares and if it is not through a broker then I will revert on this forum
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gcr

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Re: PSG Konsult
« Reply #8 on: June 10, 2014, 09:36:30 am »
Quote from: gcr on June 10, 2014, 09:22:50 am
Supposedly all OTC shares will cease to trade - the JSE has closed down this operation as there are very few regulations governing these transactions and the purchaser does not have the same protection as they could derive from the controls in place by the JSE.
Preference shares to my knowledge can be bought through your broker - I will check with my brokers as to how I can buy pref shares and if it is not through a broker then I will revert on this forum
Have spoken to my broker - if the pref share is quoted on the JSE then one can trade it like any other share and buy into the pref share using their trading platform. He did warn that pref shares you are buying into an income stream and that dividends are based on a % of the prime interest rate. It would make more sense to buy into the companies shares enjoy the capital appreciation and dividends rather into pref shares, unless you only interest is the dividend stream
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Snakepit

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Re: PSG Konsult
« Reply #9 on: June 11, 2014, 08:03:41 am »
Thanks GCR. Yes I am only interested in them for creating an income stream. I still don't know where to go and look for preference shares. It's an enigma!
Anybody? Newspaper, website, bank?
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franz

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Re: PSG Konsult
« Reply #10 on: June 11, 2014, 08:29:07 am »
Morning Snakepit, i have listed the number of pref shares you can buy on the JSE

QuickShare Search : Preference Shares

Search Again :     

Name Full Name Code Sector
 NPP1   NAMPAK 6,5%P   NPP1 A221
 RLZP   REUNERT5,5%P   RLZP A221
 SHFINV-P   STEINHOFF INVEST HLD PRF   SHFF A221
 CLOVER-P   CLOVER INDUSTRIES LTD   CLRP A221
 POTP   BRIAN PORTER 5,5%CUMPREF   POTP A221
 DLP1   DORBYL 5,5%P   DLP1 A221
 BARWORLDP   BARWORLD LIMITED   BAWP A221
 AFEP   AECI 5,5%P   AFEP A221
 SBKP   STANBANK 6.5% PREF   SBKP A221
 INVPLC-P   INVESTEC PLC PREF   INPP A221
 SHP2   SHOPRIT 5%P   SHP2 A221
 INPR   INVESTEC LTD PREF   INPR A221
 SHP1   SHOPRIT 6%P   SHP1 A221
 RACP   RECM & CALIBRE LTD PREFS   RACP A221
 LBHP   LIB HOLD 11P   LBHP A221
 SHP4   SHPRT 3RD5%P   SHP4 A221
 SHP3   SHPRT 2ND5%P   SHP3 A221
 MAQP1   MACQUARIESA EL PREF EXX1   MAQP1 A221
 ASTRAPAKP   ASTRAPAK LTD PREF   APKP A221
 BRAITPRF   BRAIT SE Pref   BATP A221
 TFG-P   THE FOSCHINI GRP PREF   TFGP A221
 AFPREFINV   ALEX FORBES PF SHARE INV   AFP A221
 IVT-P   INVICTA HLDGS LTD PREF   IVTP A221
 CULINAN-P   CULLINAN HOLDINGS LIMITED   CULP A221
 RTOP   REX TRUE 6%P   RTOP A221
 NETCARECP   NETWORK HEALTHCARE CP   NTCP A221
 INVLTD-P   INVESTEC BANK LTD PREF   INLP A221
 Nedbank-P   Nedbank Limited   NBKP A221
 FIRSTRNDP   FIRSTRAND LTD B PREF   FSRP A221
 DSYB_P   DISCOVERY HLDGS LTD B PREF   DSBP A221
 ABSA-P   ABSA BANK LTD PREF   ABSP A221
 PSG-P   PSG FINANCIAL SERV PREF   PGFP A221
 IMPERIALP   IMPERIAL HOLDINGS PREF   IPLP A221
 ABIL-P   AFRICAN BANK INVESTMENTS   ABLP A221
 STANBANKP   STANDARD BANK GROUP PREF   SBPP A221
 DLVP   DORBYL 5%P   DLVP A221
 NPKP   NAMPAK 6% P   NPKP A221
 SASFIN-P   SASFIN HOLDINGS LTD PREF   SFNP A221
 CAPITEC-P   CAPITEC BANK HLDGS PREF   CPIP A221
 INVPREFR   INVESTEC PLC PREF (RAND)   INPPR A221
 GRINDRODP   GRINROD LTD   GNDP A221

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gcr

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Re: PSG Konsult
« Reply #11 on: June 11, 2014, 03:40:56 pm »
Some observations I have on these pref shares - why would one buy them in the first place they all seem to give around 5% to 6.5% which is almost what the CPI is thus you are not going to score in the longer term especially if the CPI turns nasty. I have just extended a Fixed Deposit with a bank at 5.85% for 6 months and I get a tax break on the first R31,000 from SARS. Not sure what the rules are but are pref shares treated as interest income or share dividends - if treated as dividends then you will pay 15% withholding tax on the dividend. To my knowledge the pref share price does not increase to the same extent as the ordinary share price so capital gains could be quite slow paced
Snakepit - not sure what your objective is, but maybe you need to revisit the objective, also if SARS deem these as shares you may well have to hold for 3 years - if so you can get about 8% on a 36 month FD - but with rates likely to go up I wouldn't invest for longer than 6 months at the moment 
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Snakepit

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Re: PSG Konsult
« Reply #12 on: June 11, 2014, 08:15:34 pm »
GCR, you are right with your comments. I wanted to know more about them as I am investigating the dark side - debt instruments. FRANZ, thanks for that info. Much appreciated.
To get back to your comments GCR, I am also baffled why anybody would buy pref shares and not just go for a fixed deposit. What are we missing???

GCR maybe you can take a look at this video and just maybe you see or hear something I have missed - http://www.justonelap.com/webinarDetail.asp?intWebinarID=100
Registration is free. Download the vid.
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gcr

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Re: PSG Konsult
« Reply #13 on: June 11, 2014, 09:25:40 pm »
Snakepit - Simon Brown of JustoneLap runs a monthly presentation at the JSE here in Joburg - The Power Hour - he or an expert in their fields talk on a variety of subjects. If I get a chance I will try and collar him and ask him what the benefits are of investing in pref shares versus other instruments - there is a Power Hour tomorrow night at the JSE - if in Joburg attend it is free,but get onto their mailing list as you could crack parking in the JSE and these sessions are normally very well attended
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Snakepit

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Re: PSG Konsult
« Reply #14 on: June 12, 2014, 07:59:28 am »
Heheh no sorry, can't make it  - Durbanville, Cape Town! :'(
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