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Online Share Trading

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DDT delisting

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SimonPB
Valued Contributor
pice at 1385c (120 penecce) ..
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28 REPLIES 28
sponono
Super Contributor
to think I was looking for a possible short position here. damn I would be dead now.
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SimonPB
Valued Contributor
and this is the huge risk of shorting .. when Edcon got taken out I know a chap who was short and he had to sell assets to cover the margin call .. lost around 300% in 2 minutes ..
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SimonPB
Valued Contributor
an check the long term chart .. http://bit.ly/91XQDS ..
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Not applicable
Simon - why if DDT in this example is delisted the share jumps so much - 18,78 %. What is the reason. I just like for interest sake to know.
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Coz people realise the value that they going to get back..Yeah I remember Edcon - wow I made a killing there it just kept going up up and up
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SimonPB
Valued Contributor
because existing investor are being offered 1385c per share .. so the price jumps to that 1385c levvel .. well a little below ..
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Do you think it's a good idea to buy some call warrants on it now. Would i be able to sell the warrants later?
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AJT
Super Contributor
in the old days when a company delisted, the investor we exempt from paying taxes on any profits made. Is it still the case now days?
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Not applicable
Okay. Thanx, now i understand.
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SimonPB
Valued Contributor
but why will it move higher ?? only if there a higher offer ..
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suki
Super Contributor
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SimonPB
Valued Contributor
never heard of that .. an to my knowledge not the case ..
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Not applicable
Ya now it make sense. Just wish i new about something like this sooner. Between Telkom and now DDT - I would have made a killing this week.
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AJT
Super Contributor
In 1998 I owned T&N shares that were listed on the JSE, they were bought out by Federal Mogul in the uSA and delisted off the JSE. The profits I made were exempt from tax..
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Not applicable
In Edcon's case the value was underestimated big time. Don't see that happening here!
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Harathke
Regular Contributor
Because the delisting was profits of a capital nature, and CGT never existed then. CGT exists now. You will be taxed.
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then you ask the question why are people paying 1395 when they only might get 1385 back...!
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AJT
Super Contributor
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