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Changes to the number of shares held in Central Rand Gold (CRD)

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Patrick:
If you are wondering about the huge jump up and then back down the leaderboard today, it's due to the fact that Central Rand Gold changed the way they value each share. The change in every day english, is that for every 50 shares you had, you now have 1.

If you had them in your portfolio you'll see the change. Hope you enjoyed the day waaaay on top of the leaderboard, and did some good bragging for a while too  :D

Here's the SENS announcement:

--- Quote ---(b) in relation to the register of members of the Company maintained in South Africa:
(i)
49 of every 50 Ordinary Shares held by a member as at 5.00 p.m. (South African time) on Friday, 14 June 2013 shall each be redesignated as Deferred Shares;
(ii)
any Ordinary Shares held by a member who, as at 5.00 p.m. (South African time) on Friday, 14 June 2013, holds less than 50 Ordinary Shares shall each be redesignated as Deferred
Shares; and
(iii)
any additional Ordinary Shares held by a member following the redesignation in sub-paragraph (b)(i) above shall each be redesignated as Deferred Shares.
--- End quote ---

Orca:
Geez. I thought I had serious competition here. :)

gizmmo:
Alrighty then, i see the changes, but can you explain why my total worth on the shares is R75k+- but i invested over R120k +- in the shares ? what happened to the extra cash?

Sparkz:

--- Quote from: gizmmo on June 13, 2013, 09:42:37 am ---Alrighty then, i see the changes, but can you explain why my total worth on the shares is R75k+- but i invested over R120k +- in the shares ? what happened to the extra cash?

--- End quote ---

Agreed, i was wondering the same...

Patrick:

--- Quote from: Sparkz on June 13, 2013, 09:51:28 am ---
--- Quote from: gizmmo on June 13, 2013, 09:42:37 am ---Alrighty then, i see the changes, but can you explain why my total worth on the shares is R75k+- but i invested over R120k +- in the shares ? what happened to the extra cash?

--- End quote ---

Agreed, i was wondering the same...

--- End quote ---

Wish I knew, the sens announcement clearly says 49/50 are deferred, so I divided all holdings by 50. I've looked at all the sens announcements and don't see anything else. If anyone can find more info I'd be happy to look at it.

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