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Author Topic: investor challenge  (Read 321784 times)

Nios

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Re: investor challenge
« Reply #315 on: November 10, 2013, 01:06:28 pm »
Thanks Patrick, I took a chance with FGL knowing very well that the bulk of my portfolio is invested in STXIND25 and strong bluechips. I cant see Vodacom staying down too long as I think it should be trading at the same price if not better than MTN. I have not compared their fundamentals though, but Vodacom does have the most market share, and has much better network coverage and customer service from my experience.
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tgg78703

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Re: investor challenge
« Reply #316 on: November 12, 2013, 08:04:19 pm »
Fgl has really been a upset/upbeat share that few have punted but turned the game on its head.

Patrick how are going to handle the Abl right issue. Can the holders take up their rights from their last deposit in december or will they just forfeit them and retain what they have
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Bundu

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Re: investor challenge
« Reply #317 on: November 12, 2013, 08:26:09 pm »
Quote from: tgg78703 on November 12, 2013, 08:04:19 pm
Fgl has really been a upset/upbeat share that few have punted but turned the game on its head.

Patrick how are going to handle the Abl right issue. Can the holders take up their rights from their last deposit in december or will they just forfeit them and retain what they have

or be able to sell their rights? :wtf:
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« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

Patrick

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Re: investor challenge
« Reply #318 on: November 12, 2013, 08:52:30 pm »
Quote from: tgg78703 on November 12, 2013, 08:04:19 pm
Patrick how are going to handle the Abl right issue. Can the holders take up their rights from their last deposit in december or will they just forfeit them and retain what they have

I'm hoping for some suggestions. What would be considered to be the fairest?
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Bundu

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Re: investor challenge
« Reply #319 on: November 12, 2013, 09:00:41 pm »
both - allowed to sell the rights or buy the rights shares
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« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

Patrick

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Re: investor challenge
« Reply #320 on: November 15, 2013, 07:35:43 am »
Quote from: Bundu on November 12, 2013, 09:00:41 pm
both - allowed to sell the rights or buy the rights shares

Giving the option would be a tough ask. I'd like to fix on one solution. Either assume everyone would sell their rights and just increase the total cash on hand, the easiest solution, if I can figure out what the sale price of the rights is. Option B is to assume everyone would exercise their rights and allocate the right amount of shares to people. This could be a little problematic as I have to do that before the next deposit, and let the cash go into negative until the deposit has been made.

What generally happens in a case like this, do most people exercise their rights or sell their rights? And if they sell, is there a standard price?
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Shi

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Re: investor challenge
« Reply #321 on: November 15, 2013, 09:22:53 am »
I think the exercising of the rights would be the easier option because the main issue with selling the rights is determining the price. You can ask 5 people and they will give you 5 different answers.
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Bundu

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Re: investor challenge
« Reply #322 on: November 15, 2013, 11:58:16 am »
Patrick, I think most people would take up their rights, so let's go that route
The problem could however be, as in my case, that I will need more than R100k to take all my rights - In such cases, we can maybe let the person take up all their rights, letting the account go negative and then sell the number of shares required immediately to return the account balance to zero or if that is too complicated, maybe allow ABL holders to have a negative cash balance?
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« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

Moneypenny

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Re: investor challenge
« Reply #323 on: November 18, 2013, 12:20:25 pm »
Hey Patrick, JSE delays not playing ball again?
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Patrick

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Re: investor challenge
« Reply #324 on: November 18, 2013, 12:30:42 pm »
Quote from: Moneypenny on November 18, 2013, 12:20:25 pm
Hey Patrick, JSE delays not playing ball again?

Well it is a Monday... Backup now on  8)
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Aragorn

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Re: investor challenge
« Reply #325 on: November 19, 2013, 09:25:36 am »
Rare Holdings - RAR
Seems like they had a 100:1 share consolidation. Those holding the share in the challenge have suddenly become millionaires with massive growth (e.g. RAR RARE HOLDINGS LTD 500000 6 800 13233.33% R4,000,000.00 76.81%)
Found this in a SENS released in July -
Quote
Consolidation
The Board proposes that the company consolidate its authorised and issued share capital on a basis of 100:1 (subsequent to the Share Increase) with the aim of easing the administrative burden and costs incurred by the company in dealing with such a large number of shares.
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Patrick

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Re: investor challenge
« Reply #326 on: November 19, 2013, 02:24:07 pm »
Quote from: Aragorn on November 19, 2013, 09:25:36 am
Rare Holdings - RAR
Seems like they had a 100:1 share consolidation. Those holding the share in the challenge have suddenly become millionaires with massive growth (e.g. RAR RARE HOLDINGS LTD 500000 6 800 13233.33% R4,000,000.00 76.81%)
Found this in a SENS released in July -
Quote
Consolidation
The Board proposes that the company consolidate its authorised and issued share capital on a basis of 100:1 (subsequent to the Share Increase) with the aim of easing the administrative burden and costs incurred by the company in dealing with such a large number of shares.
Was looking for a sens, thanks will update tonight.
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Patrick

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Re: investor challenge
« Reply #327 on: November 19, 2013, 05:37:08 pm »
Quote from: Patrick on November 19, 2013, 02:24:07 pm
Quote from: Aragorn on November 19, 2013, 09:25:36 am
Rare Holdings - RAR
Seems like they had a 100:1 share consolidation. Those holding the share in the challenge have suddenly become millionaires with massive growth (e.g. RAR RARE HOLDINGS LTD 500000 6 800 13233.33% R4,000,000.00 76.81%)
Found this in a SENS released in July -
Quote
Consolidation
The Board proposes that the company consolidate its authorised and issued share capital on a basis of 100:1 (subsequent to the Share Increase) with the aim of easing the administrative burden and costs incurred by the company in dealing with such a large number of shares.
Was looking for a sens, thanks will update tonight.

Fixed, only one person held that share, another reason to remove penny shares from next years challenge!
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Orca

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Re: investor challenge
« Reply #328 on: November 22, 2013, 01:33:27 pm »
Just answer this Griffin. Would you invest your grandparents money into penny stocks? Realy? I doubt you would.
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Moneypenny

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Re: investor challenge
« Reply #329 on: November 22, 2013, 02:13:17 pm »
Quote from: qriffin on November 22, 2013, 12:05:21 pm
However the majority of the traders in this competition would most probably agree with you.

Yes we do.  :) 
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