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Online Share Trading

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Reinet

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drew
Contributor
Any views on this one. my understanding is that the depositary receipts listed on the JSE represent 1/10th of the shares i.e. 10 for 1. The stated NAV per share in their results is R303.25 which means that the DR's are effectively trading at a discount of about 35% which is surely too wide. Any thoughts?
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5 REPLIES 5
kwagga
Super Contributor
Discount around 24%, which is in line with companies like these.
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THRESHOLD
Super Contributor
At current FX rates, the NAV is about R32 per share. Discount is around 38% which is very wide.
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THRESHOLD
Super Contributor
At current FX rates, the NAV is about R32 per share. Discount is around 38% which is very wide.
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Jughead
Contributor
EUR is leaving REI behind. Wonder if it will catch up.
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Blik
Super Contributor
I like REI - but am buying through my Auto share Invest account monthly - but like Unit trust investing...aim to keep for the long run, or my daughters varsity fees!
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