The JSE and finance forum for South Africa
General Category => Shares => Topic started by: jonb on January 14, 2016, 02:09:00 pm
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Hi
Have a medium position in SAB miller, should I sell and go into AB inbev tomorrow?
What is likely to happen to SAB after this , i dont understand how it can continue to grow
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Hi
Have a medium position in SAB miller, should I sell and go into AB inbev tomorrow?
What is likely to happen to SAB after this , i dont understand how it can continue to grow
1. You could buy AB InBev from 15th Jan - your choice.
2. Your SAB shares are simply a currency Xchange rate play now. If you think the Rand will weaken further until the merger is final (probably well into the 2nd half of the year), keep them and get £44 cash, on which you will have to pay CGT. You could then buy AB InBev with the proceeds.
I think there is also a scrip option but you would not be able to sell those shares for 5 years and they will be unlisted. The scrip will be based on a lower price than the cash offer, so why would anyone want to do that.
I would simply hold until merger is final.
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Mr Bond,
would the name SAB disappear? I understand it would be delisted, but would the local RSA arm be SAB or will it's name change?
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Will AB Inbev be included in the Satrix40 or indi?
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Hi
Have a medium position in SAB miller, should I sell and go into AB inbev tomorrow?
What is likely to happen to SAB after this , i dont understand how it can continue to grow
1. You could buy AB InBev from 15th Jan - your choice.
2. Your SAB shares are simply a currency Xchange rate play now. If you think the Rand will weaken further until the merger is final (probably well into the 2nd half of the year), keep them and get £44 cash, on which you will have to pay CGT. You could then buy AB InBev with the proceeds.
I think there is also a scrip option but you would not be able to sell those shares for 5 years and they will be unlisted. The scrip will be based on a lower price than the cash offer, so why would anyone want to do that.
I would simply hold until merger is final.
@moonralker .. that was excellent advice, pity i didnt read this till later :wall: need to hear your pick for 2016 as you seem on point!
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SABMiller shareholders will be entitled to receive 45 pounds ($59) a share, AB InBev said in a statement Tuesday, from 44 pounds previously. ABI also increased the amount of cash for shareholders who choose a cash-and-stock alternative. They’ll now receive about 4.66 pounds in cash compared with 3.78 pounds previously. That offer, valued at about 39 pounds a share when the acquisition was announced last year, had surged to more than 50 pounds late Monday. With the increased cash, it’s now worth about 51.14 pounds a share.
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SABMiller Board Recommends AB InBev's Improved Offer.
Good - no more uncertainty.
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Well no, it's not over yet unfortunately. SABMiller backs AB InBev offer for biggest-ever consumer takeover (http://www.moneyweb.co.za/news/companies-and-deals/sabmiller-board-to-recommend-final-ab-inbev-offer/)
I will be selling my second batch on 3/8 to still get the dividend, just hope the £ doesn't weaken even more before I sell.
Oops 3/8 is voting day, a holiday.
SAB Dividend payment date = 12/8/16
Div. = 1142.87796 cps (net, after withholding tax)
The dividend will be payable on Friday, 12 August 2016 to all shareholders
registered on the London and Johannesburg registers on Friday, 5 August 2016.
The last date to trade with dividend rights will be Wednesday, 3 August 2016 on
the London Stock Exchange and Monday 1 August 2016 on the JSE Limited.
The ex-dividend trading dates will be Thursday, 4 August 2016 on the London
Stock Exchange and Tuesday 2 August 2016 on the JSE Limited.
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I bought AB Inbev ??? on Friday
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Will sell my remaining SAB on 2/8 when they will be ex dividend. £ may weaken after 4/8 when/if BOE reduces lending rates.
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What's the feedback from SABMiller shareholders on this forum who bought into ABInbev since the merger took place?