Sub R9.00 today...

[#1]

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?

[ET]

You have to add the warrant that started trading today to the R9. Also depends on BAT share price and R/GBP

[#3]

Any info regarding the REI WR (Reinet Warrant). Would your REI shares of Friday change? Or is this a new product on its own?

[SimonPB]

you had REI now you have REI and REIN (the latter total is 10% of the REI's).

[#5]

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?

[Mr_S]

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

[Mr_S]

and is it an american or european warrant? call or put? im so confused

[Mr_S]

please mind my ignorance, ive read through the documents now

[#9]

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?

[SimonPB]

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 .

[AJT]

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...

[AJT]

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..