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Online Share Trading

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Sub R9.00 today...

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Not applicable
So Reinet is trading sub R9.00 today, Rupert valued it at around R20-R21 2-3 weeks ago. Any views? Anyone also looking to add this to their long term portfolio?
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11 REPLIES 11
ET
Contributor
You have to add the warrant that started trading today to the R9. Also depends on BAT share price and R/GBP
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Not applicable
Any info regarding the REI WR (Reinet Warrant). Would your REI shares of Friday change? Or is this a new product on its own?
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SimonPB
Valued Contributor
you had REI now you have REI and REIN (the latter total is 10% of the REI's).
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Not applicable
Thanks Simon, so if I had 100 REI's on Friday, it would be still 100 today with an extra 10 REIN? Do you have any more info on what exactly the REIN is?
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Mr_S
Super Contributor
yo yo yo ok wait hold on, i only started studing warrants last week! is there an expiry or sumthin on this? i mean can sum1 explain exactly what these are and how they can be used? can i still hold long term
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Mr_S
Super Contributor
and is it an american or european warrant? call or put? im so confused
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Mr_S
Super Contributor
please mind my ignorance, ive read through the documents now
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Not applicable
I have REI shares but no real understanding of Warrants. I see that the 2 real options are to sell the warrants, or the purchase additional REI shares. If I exercise these REIN warrants is it correct for me to assume that I will pay in the form of BAT shares? If so once I purchase these shares will standard bank transact on my behalf provided I have instructed them to do so? Furthermore does anybody have any advice regarding which of the options to follow, ie exercise right or sell?
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SimonPB
Valued Contributor
for ever 5 REIN you can subscribe for 40 REI's (DR's), and payment is in BTI's not cash. call center has the numbers, otherwise sell the REIN's before 5 December. an yes, we will ensure the hand over of the BTI's, but they must be in your account .
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AJT
Super Contributor
Still reckon this is the best rand hedge fund available right now. I have a long term view for this share and am addind to my position when i can...
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AJT
Super Contributor
I believe RMB have been purchasing huge amounts over the past few months, therefore buying on any weekness should be a good move in the long term..
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