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so Star had a good listing. Up almost 10%. However the Dutch court decision is  tomorrow  to decide whether the application to investigate the irregularities of steinhoffs books . Coincidence that th... See more...
so Star had a good listing. Up almost 10%. However the Dutch court decision is  tomorrow  to decide whether the application to investigate the irregularities of steinhoffs books . Coincidence that this has been rushed or what? would you rather hold Steinhoff or Star or both?
shares laced at 2050c raising R15billion
Hi all,   Thought it would be fun to post my TA of London listed Tesco.   Tesco PLC has broken out of its falling wedge formed since the 4th Quarter of 2016 (chart attached). This breakout wa... See more...
Hi all,   Thought it would be fun to post my TA of London listed Tesco.   Tesco PLC has broken out of its falling wedge formed since the 4th Quarter of 2016 (chart attached). This breakout was confirmed by a temporary move above the most recent lower high (formed in May this year). Despite the immense pressure faced this week, the short to medium term sentiment seems to be on the bullish side. A likely scenario is a move towards 210 pence (1st target), with a continuous move up to the 250p level in the medium term. This pattern would fail with a move below the 165p.  
No doubt the fundamentals are solid. I also think there's stil plenty of rrom to grow ito operational functions. I'm sad I sold mine when I did. I feel like I've missed the boat on it so all I can do... See more...
No doubt the fundamentals are solid. I also think there's stil plenty of rrom to grow ito operational functions. I'm sad I sold mine when I did. I feel like I've missed the boat on it so all I can do is sit on the outside, looking in and shake my head at my own foolishness.
Ok. It seems that it was just the slow updating of data on the standard online package that I use, not live all the time. It is much better now. Almost similar.
Simon, After the switch to Sygnia the new profit/loss figures are all different. Like the SYGWD is now more than the old DBXWD was yesterday and the SYGUS is much less than the DBXUS was yesterday. ... See more...
Simon, After the switch to Sygnia the new profit/loss figures are all different. Like the SYGWD is now more than the old DBXWD was yesterday and the SYGUS is much less than the DBXUS was yesterday. Even the SYGUK is different from what the DBXUK was yesterday. Please explain.
Why would anyone want to sell? Voted top bank on the planet x2, great management and conservative lending. Whatever they do, they will do well and improve shareholder value, not diminish it. Sure, ea... See more...
Why would anyone want to sell? Voted top bank on the planet x2, great management and conservative lending. Whatever they do, they will do well and improve shareholder value, not diminish it. Sure, earnings will start smoothing so the market may make an adjustment to the PE. So what, with management like that, you put them in the drawer and go surfing. Heck, I wish I had more of them.
Gotcha. Thanks
A couple of days ago, when CPI went through the R900 mark, I posed this question on twitter - where is this share going, along with a short poll. Out of 36 people: 33% = 'good to buy'; 45% = 'hold';... See more...
A couple of days ago, when CPI went through the R900 mark, I posed this question on twitter - where is this share going, along with a short poll. Out of 36 people: 33% = 'good to buy'; 45% = 'hold'; 22% = 'overpriced - sell'. Some of the people who still believe it’s a buy at this level are convinced it’s another Naspers. Anyone who bought CPI a year or two ago is sitting pretty. Don't even get me started on anyone who bought it eons ago...   Now I've had some very interesting debates around Capitec. And all have been a variation of the model above. I don't own CPI but I find the company fascinating nonetheless.     Firstly, I’m curious to know their strategy around the middle income bracket market their targeting. There are a number of points worth going into here. Capitec’s initial target market was the low-income band. This means they had to process fewer transactions – which is why they could afford to keep their prices low.   However, higher income earners will result in higher transactions, both in frequency and volume – so how will they deal with the cost of these transactions? Should we expect a new pricing model to work with their credit card and middle income target market?   Other than that, at R900 – a look at what the bank offers vs the others makes you wonder what the next step is? Is Capitec going to stick to its existing model? If they expand (there’s been talk of venturing into vehicle finance) will that be a success or not? How will it be managed? And should we expect a corporate banking structure that caters to SMEs?   And to the long-term CPI holders out there, I'll ask the same question I asked my twitter followers: is it a buy, hold or sell? And why?
Perhaps it might be worth looking at what Australia/ & Ukraine are doing ito regulating crypto-currency. As for anonymity, that will very likely be a stumbling block. Guess we'll have to see how othe... See more...
Perhaps it might be worth looking at what Australia/ & Ukraine are doing ito regulating crypto-currency. As for anonymity, that will very likely be a stumbling block. Guess we'll have to see how others get around that particular roadblock.
SNH is passing on debt and selling shares for cash that will generate the rest of the interest for SNH .. OST is able to offer as they've been invited and will bulk up the application for the min R... See more...
SNH is passing on debt and selling shares for cash that will generate the rest of the interest for SNH .. OST is able to offer as they've been invited and will bulk up the application for the min R1m, so us samller cliets can get involved if we want
Hi Simon, dont see where the cash in lieu of the dilution is coming from. My back of matchbox calcs show the following: Star will list 3,45 billion shares. Based on their expected EBIT at 30 Sept R4,... See more...
Hi Simon, dont see where the cash in lieu of the dilution is coming from. My back of matchbox calcs show the following: Star will list 3,45 billion shares. Based on their expected EBIT at 30 Sept R4,855 bil.(incl.the 2 new acquisitions) and working on PE of 15 I calculate est. share price at R21.15 (which is more or less in the middle of their guidance), therefore market cap will be in the region of R72,98 billion. Steinhoff shareholders giving up 49% therefore R35,754 billion. If SHP deal goes ahead, I assume some of the 3,45 billion issued shares will be used to pay for this, SNH will get 23,1% economic interest and based on yesterday market cap for SHP, Steinhoff will get R29,72 billion which leaves a shorfall to SNH shareholders of approx. R6 billion (49%SNH-23,1%SHP). I am assuming this balnce goes to Lancaster/Titan/Thibault for the Voting control?  This morning we get a notice from SBG Sec that we can now also participate in SRR at R10000 a pop. What happened? Initially only private "invited" investors at min R1 mil could participate? In the listing statement 2,7 billion shares will be listed +750 thou to private investors. If SHP deal falls flat, who buys these 2,7 billion shares or do they go to SNH? If so what does that do for SRR liquidity? Phew, I agree with you. This is far too complicated for me as well and also given the German tax issues I have sold my SNH and staying away from SRR at least until everything is a little clearer. 
Your dream of buying aat R50 could finally become a reality after all these years, Or, May be Not!!!!!!!!!!!!!!
Where can I find proper ALSI data on a daily basis (OHLC). If I go to 4 different websites I get 4 different sets of data. I understand that some may quote the closing price as MTM and others as the ... See more...
Where can I find proper ALSI data on a daily basis (OHLC). If I go to 4 different websites I get 4 different sets of data. I understand that some may quote the closing price as MTM and others as the price of the last contract traded on the day, but surely the rest should be the same. I am also more interested in the price of the last contract traded and not the MTM.
Do you have any trading or investing topics you'd like us to tackle on the Long Short Podcast? Post your suggestion in the comments section below and we'll get one of our experts to it.
at this point, all of the above seems likely.   Trick for SARB is how do they regulate, it is the key feature of cryptocurrencies that everythign is anon.
ya feel the pain, I first bought at aroud 1600c way way back in the day, still hold.   Added from 8500c odd all the way down to 6150c odd in dec last year.   Divs will help the holding pain, ... See more...
ya feel the pain, I first bought at aroud 1600c way way back in the day, still hold.   Added from 8500c odd all the way down to 6150c odd in dec last year.   Divs will help the holding pain, but it goign to be a while. That said if DJ is 2 years, markets may start pricing in rebound in 2018 H@ and maybe local consumers start a very slow and temid recovery also adding?   I am holding, but my style is to hold forever unless wheels fall off
  Star is coming with a 270-page listing document and PPT wrth reading.   Some important points; JSE code: SRR Listing 20 September 2017. Current Steinhoff shareholders do NOT re... See more...
  Star is coming with a 270-page listing document and PPT wrth reading.   Some important points; JSE code: SRR Listing 20 September 2017. Current Steinhoff shareholders do NOT receive Star shares (you’ll have to buy them on market). Listing price likely to be low R20’s on PE of around 20x and DY of some 2.2%. Brands are; Pepcor Africa, Poco, Russels, Flash, Ackermans, Bradlows, Rochester, Buco, Timbercity, The Tile House, Incredible Connection, HiFi Corp, Dunns, John Craig, Refinery, Shoe City and Tekkie Town.  Market cap including Shoprite* stake should be over R100billion and they’ll get into Top40 maybe as soon as December update. Steinhoff will own 51% of star hence Steinhoff shareholders will be diluted as they currently have 100%. This dilution is offset by cash received by Steinhoff for the missing Star holdings. Star owns 50.6% of Shoprite so it will be consolidated into their results and I expect them to make an offer for the remaining holdings of Shoprite in time.  I am not going to be buying Star. I like Pep but less so the furniture brands and never been able to get a grip on the management. That said I do expect them to offer Star shares for Shoprite at some point as they look to take 100% of Shoprite. I will cross that bridge when it arrives.   Simon   Writer holds shares on Shoprite
Sorry, managed to open the link now, thanks.

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