CFR at R100 again

[sponono]

lets see how long it will take to hit R150

[klapka]

R120 before year end.

[AP]

That will be great; just bought a few more CFR's this morning (was waiting for the dip a while now...)

[Pepi]

Spo - have you seen OST's Technical analysis today?

[sponono]

Yep, they think a correction is coming, I dont see what the bearish catalyst could be: I will exit if I get stopped out otherwise wake me up at R150

[Rams]

eh eh..nice one....

[#7]

we can never foresee the bearish catalyst though, at this point it could be tapering this month, syria, US Debt - but it could very easily be some sidewinder (like in Tapering was in May).
A correction though doesnt really need a catalyst, a crisis needs a catalyst, a correction is simply profit taking.

Personally I think you got the right idea though, only stop loss or targets should kick you out

[partridge]

If it hits its HEPS it will exceed 120 and should be at 150 in 2015 .But two ifs don't make for certainty.

[partridge]

Burgers beat watches over 5 years - cf Spur's return..

[kwagga]

I'm willing to be it won't reach 120 this year. Reason - Dividend & special dividend payout, and it's bloody expensive already. It's priced for a perfect world. Any misstep or correction now and it's going to be hit hard. Learn from what happened to the retailers this year.

[klapka]

What dividend and special dividend?......................... and the lesson comparing SA retail with a Rand hedge luxury goods holding company?

[kwagga]

Where have you been ? They're paying a R10 divi this month, before all kinds of lovely taxes. That will knock R10 off the price. Retailers have been shooting the lights out the last few years. That stopped when earnings started coming in slightly less than expected.

[klapka]

You're right I had forgotten the special divi. So that may only mean R110 by year end.

[#14]

maybe Im misclaculating but isnt that a R1 div?
0.10c * R10exch = R1

[kwagga]

1 CHF divi, not ZAR

[warhippo]

Dividend is 10.00 CHF cents @ 9.7448 then exchange rate

[klapka]

Yes, now I remember why I didn't bother remembering so it's back to R120 by year end.

[kwagga]

http://www.richemont.com/investor-relations/dividend-information.html R9.70 Divi - Swiss tax (35%) - local tax (15%), so it looks like a R5.40 divi in your pocket.

[warhippo]

Unfortunately only 10cents of the Swiss Franc. Less all the taxes

[klapka]

Richemont shares are not actually traded on our exchange. What we trade are depository receipts and they are valued at 10 to each Richemont share so the dividend to SA residents will be 10 Swiss cents.