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Online Share Trading

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Arian
New Contributor

Any thoughts on the move to substitute DRs for Luxembourg shares on JSE?

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partridge1
Regular Contributor

Pretty much what you see in the sens - obviously the messing about with the DR's was an inconvenience of note for them - and leaving us all always dividing by 10.. Will the discount lessen? Don't think the expression

of value has much to do with that?. I am happy - now to get rid of fractions as those are a pain - and tax unfriendly - which means for me anyway rounding up here and there  - assuming I have got this all right?   

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partridge1
Regular Contributor

I am not sure why today's assesssment sees the discount narrowing to 20% .  Of course given the estimate of fees that discount would then reflect a net of fees "true " value. 

But I am much more interested in the shape of the business going forward than the price as this should drive price.

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