320 replies to this topic

[seesider]

Couldn't help myself, in Ellies at 890c. Hoping for another drop from act to around 400c or pnc to around 2000c and I'm in.

[franz]

Ellies still gonna be a good buy, wait maybe for little dip..? Like Afrocentric having now..

 

Agreed Goliath, bought a large chunck of Ellis at 6.70 and still holding predict 12 - 13.00 at year end.

just my opinion

[Mr.Balls]

Let's hope ADI has a good earnings report next time like they had in February.

Is there a website where I can see when ADI and other companies have their next earnings reports?

Yahoo finance does this for companies on NASDAQ etc, but obviously not JSE.

 

Holdsport is also a small cap with market cap under R2 billion. Their earnings is due next month I think.

Although they have a good P/E ratio, does anybody here think there's much room for growth for Holdsport?

I'm not certain if Holdsport is a good investment.

 

I still fancy OLG as one of my preferred small caps (e-toll will hit them hard if/when implemented). But I am hoping the market overreacts completely and sells this one off sharply..

 

I shall be standing there at the exit waiting for people to sell me this share at heavily discounted prices

They will probably pass on the extra cost of e-toll to the consumer...

[Perreby]

I still fancy OLG as one of my preferred small caps (e-toll will hit them hard if/when implemented). But I am hoping the market overreacts completely and sells this one off sharply..

 

I shall be standing there at the exit waiting for people to sell me this share at heavily discounted prices

[HDB]

Sorry don't agree with your argument..

You making 5% investing for 3 months whereas you get at most 9% investing in bank for one year.

You are forced to sell because of takeover therefore only capital gains tax will apply and profit cannot be deemed to be revenue. Even if its revenue you still better off overall then parking it in the bank..

 

Only one risk though....Deal may not go through which is highly unlikely....

 

  
I don't think you can use the argument of compounding in this example as the date on which the deal is struck is fixed, also the issue of taxation is pertinent as the entire amount will be deemed revenue if you have held the shares for less than 36 months - so you could be paying tax at maybe 24% on the entire revenue stream and as a provisional taxpayer you would wait absolute months before you make your IRP 6 final year claim but could well have had to make a payment to SARS
So in this case I think I would have been happy to place the funds in Fixed Deposit draw interest monthly and only face off the tax man if total interest income exceeds the limiters - in my case R 33,000 p.a.

[Niel]

Let's hope ADI has a good earnings report next time like they had in February.

Is there a website where I can see when ADI and other companies have their next earnings reports?

Yahoo finance does this for companies on NASDAQ etc, but obviously not JSE.

 

Holdsport is also a small cap with market cap under R2 billion. Their earnings is due next month I think.

Although they have a good P/E ratio, does anybody here think there's much room for growth for Holdsport?

I'm not certain if Holdsport is a good investment.

[gcr]

 

you buy today at R9.40   get back R10.00 in July if the deals go through , then you make 5% as you said.
 
Remember this 5% is for holding for 3 months...compound that to a year is +- 20%...much more than you can earn in a fixed saving account!!
 
So people are buying to make more money than parking it in a bank!!

 
I don't think you can use the argument of compounding in this example as the date on which the deal is struck is fixed, also the issue of taxation is pertinent as the entire amount will be deemed revenue if you have held the shares for less than 36 months - so you could be paying tax at maybe 24% on the entire revenue stream and as a provisional taxpayer you would wait absolute months before you make your IRP 6 final year claim but could well have had to make a payment to SARS
So in this case I think I would have been happy to place the funds in Fixed Deposit draw interest monthly and only face off the tax man if total interest income exceeds the limiters - in my case R 33,000 p.a.

[Mr.Balls]

ADI pulling back nicely

[Goliath]

Ellies still gonna be a good buy, wait maybe for little dip..? Like Afrocentric having now..

[seesider]

I think with the sectors they're in and with the renewable energy side of their business there could be potential for more growth going forward. I agree though, the ship sailed a year ago regretfully. Will wait and see their next results though and then make a call.  

I just feel the easy money has been made with this one!!

[HDB]

I just feel the easy money has been made with this one!!

 

Anyone holding Ellies, good finacials and decent prospects for the future. Anyone got a reason not to invest in Ellies, something I have overlooked?

[HDB]

I looked for Cipla Medpro but couldn't see a thread, but wanted to raise an oddity around this share. Today it has hit a high of R 9.40 but is trading at R 9.35 per share. If you bought 1000 today including brokerage you would be paying R 9.54 per share, and Cipla India want to take them out at R 10.00 which indicates you would make some 46 cents per share. Thus I can't understand why people would be buying Cipla shares at any price higher than say R 8.90 to maybe get a R 1 profit on a share. Can't imagine why anybody even fund manager would buy/sell these share to make .5% profit given that you will also incur tax at your predetermined tax rate or very least CGT.
Just a curious set up

 

 you buy today at R9.40   get back R10.00 in July if the deals go through , then you make 5% as you said.

 

Remember this 5% is for holding for 3 months...compound that to a year is +- 20%...much more than you can earn in a fixed saving account!!

 

So people are buying to make more money than parking it in a bank!!

[seesider]

Anyone holding Ellies, good finacials and decent prospects for the future. Anyone got a reason not to invest in Ellies, something I have overlooked?

[gcr]

I looked for Cipla Medpro but couldn't see a thread, but wanted to raise an oddity around this share. Today it has hit a high of R 9.40 but is trading at R 9.35 per share. If you bought 1000 today including brokerage you would be paying R 9.54 per share, and Cipla India want to take them out at R 10.00 which indicates you would make some 46 cents per share. Thus I can't understand why people would be buying Cipla shares at any price higher than say R 8.90 to maybe get a R 1 profit on a share. Can't imagine why anybody even fund manager would buy/sell these share to make .5% profit given that you will also incur tax at your predetermined tax rate or very least CGT.
Just a curious set up

[delta66]

added at 419..

[Goliath]

missed the opp today to add @400-410 ..ah well, 2morrow is another day..guess its win some lose some.

 

Looks like you'll still have time!   Weird the drop given the great financials!

 

Next double up would be around R3,8 - R4 range for me!

[delta66]

missed the opp today to add @400-410 ..ah well, 2morrow is another day..guess its win some lose some.

[Goliath]

they won't know either.  ACT it's a small and highly illiquid stock. big price fluctuations are inevitable when volumes are little.  

 

Yep, think your right on this one, did you eventually get some Hendrik?

[smiley]

Good luck with that. Afrocentric has a low P/E ratio right now. I would also double up if I had some spare cash

Though there are also other companies trading 4 or 5% lower than normally today. 

 

Me aswell  damn!!!

[Goliath]

too late

 

I decided to swop my Redefine(made small profit) out for more Afro-C, think I'll get more bang for my buck with them!