15225 replies to this topic

[Tiekkie]

While the dinosaur 🦕 JSE is closed any news on the Court cases?

[Squideye]

The JSE equities trading market failed to open on Wednesday for technical reasons, causing enormous frustration in the investment community.

“Clients will be provided at least one hour’s notice prior to opening the market. We will provide the next update at 12pm. We apologise for the inconvenience caused,” the JSE said in a statement.

 

The JSE first issued a notice at 5.20am on Wednesday in which it said it was “experiencing significant delays” with batch processing on its broker deal accounting (BDA) system

 

@ https://techcentral....trading/110307/

[Tiekkie]

Does anyone know why there is no trading today in JSE?

they said it is because of high trading volumes yesterday because of the Naspers/Process deal...

[Africa1962]

 

"In a highly unusual development, trading on the JSE has still not started by mid-morning on Wednesday.

"Significantly high trading volumes yesterday, 17 August 2021, due to large corporate actions, including a record day of value traded in Equities, trading R145 billion (vs  R71 billion in December 2017) has resulted in the JSE experiencing significant delays in processing these trades on some of its systems.  This has resulted in a delay in the start of trading for the JSE equity market," the JSE said in a statement."

 

 

hopefully they are all SNH shares 

 

 

nope not SNH

 

The record-breaking trading volume was due to the implementation of a share swap deal between Naspers and Prosus this week, which allowed Naspers shareholders to swap their shares for newly created shares in Prosus. 

[Africa1962]

was gonna ask the exact same question.....thought it was me only

"In a highly unusual development, trading on the JSE has still not started by mid-morning on Wednesday.

"Significantly high trading volumes yesterday, 17 August 2021, due to large corporate actions, including a record day of value traded in Equities, trading R145 billion (vs  R71 billion in December 2017) has resulted in the JSE experiencing significant delays in processing these trades on some of its systems.  This has resulted in a delay in the start of trading for the JSE equity market," the JSE said in a statement."

 

 

hopefully they are all SNH shares 

[Africa1962]

Does anyone know why there is no trading today in JSE?

was gonna ask the exact same question.....thought it was me only

[DayTraderDad]

Good Poundland news: https://www.retailga...ands-yorkshire/

[Squideye]

Loadshedding ? Eskom se push...  

[DayTraderDad]

Does anyone know why there is no trading today in JSE?

[DayTraderDad]

Exclusive...

I like this would be great to have both CW and Jooster in court spilling all the beans!!! I am quite sure there is going to be very interesting topics discussed!!!

[Squideye]

Christo Wiese wants Lanzerac wine estate back, says Markus Jooste tricked him into selling https://www.news24.c...elling-20210817 how many time was Dr Wiese tricked by Marcus Jooste...I'm seeing a pattern developing here

Exclusive...

Attached Files

•  20210817.pdf   2.63MB   16 downloads

[DayTraderDad]

Christo Wiese wants Lanzerac wine estate back, says Markus Jooste tricked him into selling https://www.news24.c...elling-20210817 how many time was Dr Wiese tricked by Marcus Jooste...I'm seeing a pattern developing here

Haha the story of slim vang sy baas!!!

[Tiekkie]

Christo Wiese wants Lanzerac wine estate back, says Markus Jooste tricked him into selling https://www.news24.c...elling-20210817 how many time was Dr Wiese tricked by Marcus Jooste...I'm seeing a pattern developing here

[DeltaHedge]

Has andi pulled a runner ?

[Sleepwa123]

Like DTD says the share price will be determined by sentiment about the future earnings and stability of the company.

 

I read recently that on average share prices can vary between 10% to 80% in either direction of NAV. I think because of the negative sentiment around SNH we will take quite a long time to get up to NAV.

My guess would be 1-2 full financial years at least so that the perceived risk is stripped away from memory. 

 

That being said, those trading robots might have their own views on sentiment and perceived risk so it may be different to what I am suggesting.

[DayTraderDad]

DTD, you believe this is what the fair value of the SNH is going to be after GS? ( not saying it is what it will be .. dictated by market and all.. .but fair value? ) Nav - does that include a PE ratio?

My calculation of the NAV is not a share price it is the value I estimated at present of the company assuming the GS goes forward and is implemented. The share price should be much more taking into account the future growth, possible dividends etc.

 

Also to note PEPCO is growing fast and therefore the value of SNH will increase also.

[sommerso]

 

This is my thoughts:

 

                                                     Millions

Corporate Debt -€9,620

Settlement -€1,420

Interest payable 2021 -€2,700

IPO Cash €1,200

Cash (from latest balance sheet) €1,968

CW Loan €200

PEPCO €5,646

Pepkor €3,051

Greenlit Brands €1,000

Mattress Firm €1,800

Others €300

Net Assets €1,425

Shares in issue 4,218

NAV per share €0.34

RoE R 17.32

NAV per share – ZAR R 5.85

 

 

To note PEPCO value should be 40% more by the time the interest is due in 2023.

 

 

 

DTD, you believe this is what the fair value of the SNH is going to be after GS? ( not saying it is what it will be .. dictated by market and all.. .but fair value? ) Nav - does that include a PE ratio?

[Tiekkie]

SNH in limbo today...probably waiting for news from courts again.

[Sleepwa123]

Agreed. The settlement and all related elements will shift from a core focus once settled and the legal department will probably handle the bulk of the remaining work leaving Exco and ops to focus on growth.

[DayTraderDad]

I would tend to disagree...Snh must just continue with business at hand...lawyers have made enough money out of this now...let's get on with growing the business after the settlement

Yes but SNH needs to sue the culprits to get the money back which will help offset the GS costs. I believe the report has good ammunition to get a considerable amount of money back.  Remember as per company act its only the company that can sue and not shareholders.