These shares will be trading OTC from Thursday. Fair Value per share is estimated @ 125. Net Asset Value is 178. The fair value reflects a 30% discount on the net asset value due to restrictions applying to these shares. JP Morgan places a 132 value on these shares.
we are all waiting with brated breath for the opening price - but i am concerned that because it is a unlisted share - there may not be many buyers which would mean that price may drop well below the valuations provided by the brokers.
if the price is more than 100 rand then im selling but if below that then will hold onto it - to me the key will be whether fund managers and BEE instituions - if they are prepared to buy this share then we can get a price close to r100 but if only individual investors - then not sure of price levels.
Nope , still gonna hold for 5 more years. Reasons - 1.) wait for the debt levels of BEE loan to reduced , as this happens the share becomes more valuable 2) Tencent in China is refocused on ecommerce in China , the results and rewards for this expansion will rewarded in 5 years time. 3) The Ecommerce portal in South Amreirca/India/Russia (Mailru) are also showing good promise and I expect continued growth in these ventures. 4.) I will be looking to add to my NPN BEE portfolio by picking up bargains when people "rush" to sell on the 8th
But the share has nothing to do with Tencent and other investments overseas - it is solely based on Multi-Choice South Africa which is very much the DSTV based business. whilst i agree on the debt issue but not related to the NPN investment in the internet businessess across the world.
WHAT ARE THE REQUIREMENTS TO TRADE? Â•For existing shareholders, you need to first verify your status to be able to buy or sell shares. Â•If you are not a shareholder, you need to register first before you are able to buy shares. Â•Verification and registration started in November 2011 and can be conducted directly through the internet or via the telephone. ◦Certain FICA and BEE documentation may be required. These include; ◦Certified copy of South African ID Document ◦Bank statement not older than 3 months (not internet statement); or ◦Signed and stamped letter from your bank confirming banking details ◦Proof of residence Â•You also need to sign terms and conditions Â•A trading account will then be opened