86 replies to this topic

[Fuxx]

Does anyone know why ROC has been taking so much pain lately?

 

Seems like all of them are down the last few weeks - ROC, FFB, RES...

[Queen B]

Lower volume on ROC today

I hope its not doing a FFB and going to stagnate now

Someone mentioned earlier in the thread that ROC has reached full value. I hope not

[Fuxx]

Agreed. FFB sitting at 32.00 solidly now

[Jakkals]

Hi Merlin, I see you also love the RES stable of shares .

My biggest holdings are in RES, NEPI, ROC (got in at 13 bucks, but only materially in the top 10s), SHF.

 

FFB has done insanely well! Pity I didn't get in earlier. I wonder how much upside is left in it? What do you reckon?

 

Did you participate in the private placement of Lodestone by any chance? I did so blindly, and it worked out well, but I have no idea how high it will go! Does anyone else have any ideas?

 

ROC just seems to continue running with no end in sight!

ever since i had FFB, its been moving sideways, there's absolutely no volume at the moment.

[Fuxx]

Hi Merlin, I see you also love the RES stable of shares .

My biggest holdings are in RES, NEPI, ROC (got in at 13 bucks, but only materially in the top 10s), SHF.

 

FFB has done insanely well! Pity I didn't get in earlier. I wonder how much upside is left in it? What do you reckon?

 

Did you participate in the private placement of Lodestone by any chance? I did so blindly, and it worked out well, but I have no idea how high it will go! Does anyone else have any ideas?

 

ROC just seems to continue running with no end in sight!

[M e r l i n]

Fortune favours the brave, I have over 47% on original position in 7 months and have subsequently topped up at every opportunity.

 

Having bailed and taken 40% profit on Redefine International, I have committed funds to these two shares for LTP and anticipate reaping a similar reward within two years.

 

Both are property based off shore with revenue in hard currencies.

[M e r l i n]

Non functionality of copy and paste function produced unintended gibberish -

[M e r l i n]

NEPI RESULTS

 

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

IFRS
Reviewed
31 Dec 2014

IFRS
Audited
31 Dec 2013

Pro forma
Unaudited
31 Dec 2014

Pro forma
Unaudited
31 Dec 2013

ASSETS

 

 

 

 

Non-current assets

 1 368 193

 898 040

 1 389 772

920 924

Investment property

 1 269 299

807 465

 1 334 512

872 465

Investment property at fair value

978 980

703 811

 1 038 545

758 623

Investment property under development

208 246

103 654

 213 894

113 842

Advances paid for investment property

82 073

-

 82 073

-

Goodwill

 17 639

 16 218

 17 639

16 218

Investments in joint ventures

13 241

5 055

-

-

Long-term loans granted to joint ventures

30 395

37 064

-

-

Other long-term assets

37 444

29 828

 37 446

29 831

Financial assets at fair value through profit or loss

175

2 410

 175

2 410

 

 

 

 

 

Current assets

148 705

141 607

153 166

148 359

Trade and other receivables

 40 469

28 036

 41 199

31 443

Financial investments at fair value through profit or loss

-

61 079

-

61 079

Cash and cash equivalents

 108 236

52 492

 111 967

55 837

 

 

 

 

 

Investment property held for sale

27 360

1 561

27 360

1 561

Total assets

 1 544 258

 1 041 208

 1 570 298

1 070 844

 

 

 

 

 

EQUITY AND LIABILITIES

 

 

 

 

Total equity attributable to equity holders

 1 241 289

 712 236

 1 241 289

712 236

Share capital

 2 746

1 999

 2 746

1 999

Share premium

 1 074 310

 632 296

 1 074 310

632 296

Share-based payment reserve

 4 127

 3 453

 4 127

3 453

Currency translation reserve

 (1 229)

(1 229)

 (1 229)

(1 229)

Accumulated profit

 167 133

 76 595

 167 133

76 595

Non-controlling interest

 (5 798)

(878)

 (5 798)

(878)

 

 

 

 

 

Total liabilities

302 969

328 972

329 009

358 608

 

 

 

 

 

Non-current liabilities

 241 345

232 260

 258 199

244 542

Loans and borrowings

 171 071

173 568

 187 742

185 624

Deferred tax liabilities

 57 517

50 678

 55 907

50 160

Other long-term liabilities

 9 171

4 059

 9 446

4 059

Financial liabilities at fair value through profit or loss

 3 586

3 955

 5 104

4 699

 

 

 

 

 

Current liabilities

 61 624

96 712

 70 810

114 066

Trade and other payables

 38 365

32 246

 40 153

33 554

Loans and borrowings

 23 259

64 466

 30 657

80 512

 

 

 

 

 

Total equity and liabilities

 1 544 258

 1 041 208

 1 570 298

1 070 844

 

[M e r l i n]

For South Africans, the international listed property sector is the place to be:

 

Biggest gainers

Fund  Returns (%) Fortress Income Fund B- linked units 100% Rockcastle Global Real Estate  82% New Europe Property Investments (Nepi) 47% Resilient Property Income Fund  61%

 

 

http://mail.ince.co....86#.VOLO5C6o3s0

 

http://www.moneyweb....returns-in-2014

[M e r l i n]

A comparative inspection of ROC results for 2014, 2013 + 2011 show amazing increase and development.

 

For the last half of 2014 for the first time they have bought undeveloped land which adjoins existing retail investments, showing intention as developers of land - which is a new strategy completely.

 

My share sell strategy is a simple one, buy only a rising share, hold whilst it continues to rise, sell immediately the trend reverses and take profits, repeat process from first step again on new share - ROC trend is very much up so I have (and will continue to) top up my position from time to time.

 

I got in at 1700 and would sell tomorrow if I thought it had peaked - my view is for about a 3 year hold.

 

 

 

 

 

Not at all. That is short term perhaps due to price action. Do they give a Hold Call or a Sell? I'm sure it is a Hold so hold it.

Edited by M e r l i n, 16 February 2015 - 11:03 PM.

[orca]

Imara reviewed this share (ROC) as fully valued! Is that a concern?

I bought in and have done very well from R24 to just shy of R29.

Not at all. That is short term perhaps due to price action. Do they give a Hold Call or a Sell? I'm sure it is a Hold so hold it.

[psavv]

Imara reviewed this share (ROC) as fully valued! Is that a concern?

I bought in and have done very well from R24 to just shy of R29.

Edited by psavv, 16 February 2015 - 08:51 AM.

[M e r l i n]

Fabulous, absolutely fabulous.

 

Yep, 116% up in 14 months and counting. 

 

I just I had more money to top it up!

[Hooligan]

Hooligan, trust you still aboard ROC for the joy ride.

 

http://www.moneyweb....-lifts-earnings

Yep, 116% up in 14 months and counting. 

 

I just I had more money to top it up!

[M e r l i n]

Hooligan, trust you still aboard ROC for the joy ride.

 

http://www.moneyweb....-lifts-earnings

 

I am pretty happy that ROC makes up 25% of my portfolio.

Man...it is on a tear. 

 

Should have sold my ATT and added here when I had the chance!

[M e r l i n]

Sugafoot, so far so good -

 

NEPI up 32% and ROC up 49% since laying my c...k on a block.

 

 

You got balls the size if balls, my friend... And to the victor goes the spoils

[M e r l i n]

Returns in any currency other that Rand welcome Moonraker, Euro shall certainly hold well against the Rand - USD another story.

What is important is their ground breaking foray into the Romanian retail sector which is way undeveloped - I have my boots on this stock.

 

Watch out for the Euro Merlin. Nepi derives income in Euros, and the Euro is tanking. Some expect parity to the US$. 

it might hold it's own against the Rand, but huge rand hedge gains may not be on the cards. Rather worrying because I also

have Nepi in my portfolio. (They do however expect earnings increases of 15% each year for the next 3 years).

[Moonraker]

Hold thumbs for me Sugafoot, my analysis tells me both these have long legs.

Nepi is focused in Romania which has a lot of catching up to do in Europe, so unless Russian tanks roll over the border this stock has lots of upside left in the price for long term, medium term and short term, every time the rand goes down (which is all the time) these stocks go up.

Watch out for the Euro Merlin. Nepi derives income in Euros, and the Euro is tanking. Some expect parity to the US$. 

it might hold it's own against the Rand, but huge rand hedge gains may not be on the cards. Rather worrying because I also

have Nepi in my portfolio. (They do however expect earnings increases of 15% each year for the next 3 years).

[M e r l i n]

Hold thumbs for me Sugafoot, my analysis tells me both these have long legs.

Nepi is focused in Romania which has a lot of catching up to do in Europe, so unless Russian tanks roll over the border this stock has lots of upside left in the price for long term, medium term and short term, every time the rand goes down (which is all the time) these stocks go up.

 

 

You got balls the size if balls, my friend... And to the victor goes the spoils

[Sugafoot]

No other holdings, all eggs in one large basket.

Took considerable profits on Sasol, Redefine International, MTN + Vodacom and disposed of non flyers CML, CFR. BHP + Kumba (just scraped even) and jumped in boots and all to these two sweethearts.

Nice going Merlin. Do you mind sharing your other holdings?

You got balls the size if balls, my friend... And to the victor goes the spoils