Newbie
Posted 29 June 2017 - 02:06 PM
Palladium will out price Platinum probably before Q3. There was always a big price difference, upwards of $400 and is now a tenth of that.
I think the banks need to rethink their Account branding. It shouldn't be Silver / Gold / Platinum anymore....
What should they have instead Bonds/Naspers/China?
Lol
or EM/Property/Bitcoin
You win some you lose some...
Advanced Member
Posted 21 June 2017 - 04:40 PM
Palladium will out price Platinum probably before Q3. There was always a big price difference, upwards of $400 and is now a tenth of that.
I think the banks need to rethink their Account branding. It shouldn't be Silver / Gold / Platinum anymore....
Little Master
Posted 21 June 2017 - 02:09 PM
Seems like no one can really do a valuation on the new SGL post Stillwater. Well SGL current market cap is less than the price they paid for Stillwater therefore if you buy SGL at these levels, you get the old SGL assets for free. That is if you believe Stillwater's price paid was fair and not overstated. Maybe SGL paid to much. But since the announcement Palladium prices up by 30%. My opinion is that SGL may have some crazy move short term but if you are a value investor its worth the punt at these levels.
Member
Posted 15 June 2017 - 11:52 AM
Going back to test previous lows of +- R14.50? It definitely can
Or will it go beyond that to under R12 in due course? Looking to add a little more, but not sure when. Still lots of uncertainty
Member
Posted 13 June 2017 - 03:11 PM
Cant help to think that this is not the bottom 
I could be totally wrong and it could shoot the lights out, but I still think there's some downside.
Anyone got input on this one? Jump in or wait?
I'm personally waiting. Specially with the Rand strengthening so much
Newbie
Posted 02 June 2017 - 09:38 AM
Newbie
Posted 02 June 2017 - 09:37 AM
Can someone please explain the difference between SGL and SGNL
Have a look at this. Hopefully it will help. https://www.fnb.co.z...ights_Issue.pdf
Advanced Member
Posted 02 June 2017 - 08:27 AM
Yip, I'm only concerned with SGL. Looking to get in at some point, but not sure where that will be. Especially with the ZAR strengthening now, it could definitely hit and go under the R12.50 mark sooner than we think, also not good for SGL?
Please correct me if I'm wrong...
Can someone please explain the difference between SGL and SGNL
Member
Posted 02 June 2017 - 08:20 AM
They still have a week to go until RD +1 which is on the 12/06/2017. I would personally wait for SGL (not SGNL) to come to its lowest and then buy.
Yip, I'm only concerned with SGL. Looking to get in at some point, but not sure where that will be. Especially with the ZAR strengthening now, it could definitely hit and go under the R12.50 mark sooner than we think, also not good for SGL?
Please correct me if I'm wrong...
Newbie
Posted 01 June 2017 - 01:54 PM
On route to Zero the way its been going...
Im waiting on the sidelines for now. This one can still see PLENTY red
They still have a week to go until RD +1 which is on the 12/06/2017. I would personally wait for SGL (not SGNL) to come to its lowest and then buy.
https://markets.ft.c...casts?s=SGL:JNB
Member
Posted 01 June 2017 - 01:02 PM
So this means NPL goes close to zero
On route to Zero the way its been going...
Im waiting on the sidelines for now. This one can still see PLENTY red
Newbie
Posted 01 June 2017 - 12:30 PM
I think it's going to test the rights issue price level.
So this means NPL goes close to zero
Newbie
Posted 01 June 2017 - 11:47 AM
I think it's going to test the rights issue price level.
And when it does.... BUY BUY BUY!
Newbie
Posted 01 June 2017 - 09:39 AM
I think it's going to test the rights issue price level.
Member
Posted 31 May 2017 - 04:20 PM
Member
Posted 25 May 2017 - 01:04 PM
Newbie
Posted 24 May 2017 - 02:27 PM
Well, there you have it. Dropped to under R20 - should recover a little today. But doubt it, I would TOTALLY take up the offer. In my opinion, the current share price should drop even more. As you mentioned with more shares being offered as well as the offer price. I wont even buy at R20 now
Newbie
Posted 24 May 2017 - 01:20 PM
You are not forced. You can sell your rights on the market if you wish not to exercise it. Currently the right is trading around R8.
Great. Now his is an option I forgot about.
Little Master
Posted 24 May 2017 - 12:24 PM
What is happening is a travesty (a bit strong). This means that they are forcefully nudging us to take up the offer to make some bucks. Failing which we have seen our portfolio drop by about 32% (i.e. from R28 to R19) . Eish!!!
You are not forced. You can sell your rights on the market if you wish not to exercise it. Currently the right is trading around R8.
