Author Topic: investor challenge  (Read 337199 times)

Patrick

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Re: investor challenge
« Reply #300 on: November 04, 2013, 02:24:19 pm »
Ah ok, somehow he bought on the 1st of Nov for 13c a share. I assume there was some hold on that day so it should have been impossible to purchase correct? If that's the case I'll just roll back the transaction.

Moonraker

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Re: investor challenge
« Reply #301 on: November 04, 2013, 03:12:27 pm »
Ah ok, somehow he bought on the 1st of Nov for 13c a share. I assume there was some hold on that day so it should have been impossible to purchase correct? If that's the case I'll just roll back the transaction.
He purchased them in April. I hold those in my real portfolio and would have been crying if the price went from 780 to 13c (or 19c on some sites). Their closing price on suspension date was 780 (the last price at which RIN traded ) - as confirmed in my brokers statement.

The challenge will be to get the div. right.

Once you have corrected this, JaDEB will creep up the board again, for which I want special thanks.  :))
Mind you further upwards movement is pretty limited for him.  ;)


Patrick

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Re: investor challenge
« Reply #302 on: November 04, 2013, 03:18:52 pm »
I'm still confused. This is what I see (http://www.investorchallenge.co.za/com_holdings_public.php?user_id=234):
Code: [Select]
Code Name No. of shares Ave. cost (excl fees) Current price % growth Value % of portfolio
RDF Redefine Properties Ltd 19433 1013 1010 -0.26% R196,273.30 3.37%
RIN REDEFINE PROP INT LTD 607272 19 780 3914.31% R4,736,721.60 81.34%

Purchase date Code Name No. of shares Purchase price Cost incl. fees
2013-04-25 11:19:01 RDF Redefine Properties Ltd 9433 1060 R100,389.76
2013-11-01 20:49:11 RIN REDEFINE PROP INT LTD 600000 13 R78,312.00
Now it could be that the backup links are confusing things today, but surely either the number of RIN shares, or the price per share was incorrect. Or RIN should have not been purchasable on the 1st of Nov...

Moonraker

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Re: investor challenge
« Reply #303 on: November 04, 2013, 03:39:05 pm »
Ah I see, didn't look carefully and saw only RDF - different kettle of fish.
But yes, it is confusing as although RIN was suspended on 28/10/13, they were only delisted on 4/11/13.
He could not have purchased any RIN after 25/10/13 (a Friday), but certainly was able to purcahse RPL on
1/11/13 as trading in them commenced on Monday 28/10/13.

Basically the Purchase date entry should read:-

RPL    REDEFINE INTERNATIONAL PLC
_____________________________________________________________________________________________

Last day to trade in RIN linked units on the JSE                                         Friday, 25 October

RIN linked units suspended “ex” the unbundling                                           Monday, 28 October

Proposed listing date of RI PLC on the JSE from the commencement of trade on             Monday, 28 October

Trading in RI PLC shares with the JSE share code: RPL and ISIN:                          Monday, 28 October
IM00B8BV8G91 commences on

Record date to participate in the unbundling and the de-listing                          Friday, 1 November

Tax apportionment announcement pursuant to the unbundling                                Friday, 1 November

Accounts at CSDP or broker updated in respect of dematerialised RIN linked               Monday, 4 November
unitholders

RI PLC share certificates posted to certificated RIN linked unitholders on or            Monday, 4 November
about

De-listing of RIN linked units from the JSE at commencement of trade                     Monday, 4 November

tgg78703

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Re: investor challenge
« Reply #304 on: November 04, 2013, 05:58:01 pm »
Date   Close   High   Low   Volume
01/11/2013   13   13   13   0
31/10/2013   13   13   13   0
30/10/2013   13   13   13   0
29/10/2013   13   13   13   0
28/10/2013   13   13   13   0
25/10/2013   780   806   780   676,212

They could not be traded at time. The 13c must have been listed as a price for some other purpose. The share had been suspended.

So the whole transaction in the money game is null and void.

Kansvatters ek se

tgg78703

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Re: investor challenge
« Reply #305 on: November 04, 2013, 09:27:03 pm »
Whats the chance GFI bring out a good report on the 20th, I am really doing some bad investing here :frustrated:

gcr

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Re: investor challenge
« Reply #306 on: November 04, 2013, 10:24:04 pm »
Whats the chance GFI bring out a good report on the 20th, I am really doing some bad investing here :frustrated:
Keep with GFI and you can use it in 2 ways (presuming you have it in your private portfolio as I do - 4000) you can hold and wait for the price to improve - and I do believe that it will as most of their assets are offshore these days. Use it as part of your tax rebate on CGT when you sell in a particular tax year. Also if you hold shares in your private name/nominees get to the AGM and vote Nic Holland out of his position
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

tgg78703

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Re: investor challenge
« Reply #307 on: November 05, 2013, 06:32:34 pm »
I have 4600 in my real portfolio and the only share at a slight loss. But I expect it to recover soon, Or else I suppose I would not have started buying them recently.

But i,m the impatient type and they are not doing their thing yet :)


Nios

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Re: investor challenge
« Reply #308 on: November 07, 2013, 01:49:43 pm »
Does anybody know whats going on with FGL past few days? My challenge position has moved from around 260 to 192 due to 22% gain on FGL

tgg78703

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Re: investor challenge
« Reply #309 on: November 07, 2013, 02:41:19 pm »
There must be something going to happen or rumours. The volumes have also shot through the roof.

I don,t see that their results warrant the price

Date   Close   High   Low   Volume
06/11/2013   250   250   236   822,546
05/11/2013   236   236   226   688,808
04/11/2013   225   230   223   336,785
01/11/2013   223   223   212   124,244
31/10/2013   212   219   212   107,948
30/10/2013   212   220   210   41,164
29/10/2013   210   215   210   53,841
28/10/2013   211   219   210   204,502
25/10/2013   214   215   208   33,627
24/10/2013   208   212   205   177,143
« Last Edit: November 07, 2013, 03:33:54 pm by tgg78703 »

Nios

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Re: investor challenge
« Reply #310 on: November 07, 2013, 06:38:59 pm »
Well  I notched up the ladder 75 places tday...All in a days work. Mainly down to 12% gain today in fgl,1.48% on sol,1% on vod.

Fgl did over 1mil in volume. Keen to see what happens tomorrow. Wonder if this one could be another Capitec...

tgg78703

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Re: investor challenge
« Reply #311 on: November 07, 2013, 09:46:01 pm »
Not with the financials they have.

Would appear to be bit of manipulation, most probably the next BFS

Nios

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Re: investor challenge
« Reply #312 on: November 09, 2013, 01:28:56 pm »
I'm here to learn...competition or not  ;)

Orca

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Re: investor challenge
« Reply #313 on: November 09, 2013, 08:08:35 pm »
Well  I notched up the ladder 75 places tday...All in a days work. Mainly down to 12% gain today in fgl,1.48% on sol,1% on vod.

Fgl did over 1mil in volume. Keen to see what happens tomorrow. Wonder if this one could be another Capitec...

That will perhaps teach you to pick stocks that are not volatile and cyclical.
I started here with nothing and still have most of it left.

Patrick

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Re: investor challenge
« Reply #314 on: November 10, 2013, 09:50:35 am »
I'm here to learn...competition or not  ;)
Code: [Select]
CML CORONATION FUND MNGRS LD 2737 7357 8380 13.9% R229,360.60 18.99%
FGL Finbond Group Ltd 44267 225 292 29.78% R129,259.64 10.7%
SOL Sasol Limited 639 46650 50598 8.46% R323,321.22 26.77%
STXIND Satrix INDI Portfolio 8273 4835 5202 7.59% R430,361.46 35.63%
VOD Vodacom Group Ltd 830 11850 11492 -3.02% R95,383.60 7.9%
Quite a good looking portfolio. Your only losing share is Vodacom, and their dividend will make up for that.