709 replies to this topic

[Midas1]

Interesting re npn and prx,,,prx up 1.7 percent...quite bullish too

[Midas1]

PRX is trading on JSE from the open. 

Of course, but if you had npn share yesterday, prx  is not showing in your account until it clear on Monday. However I bought some prx today to sell on cfds later and those show in your account as a new transaction

[nosh]

PRX is trading on JSE from the open. 

meant its not reflecting on individual portfolios yet , sens specifically says 16th

 

 

Consequently, Naspers N Shareholders that do not elect to be issued Naspers N Ordinary Shares under the Naspers N Share Capitalisation Issue will receive Prosus N Ordinary Shares in terms of the Naspers M Share Capitalisation Issue on the Settlement Date, currently expected to be on Monday, 16 September 2019, and may commence trading Prosus N Ordinary Shares on an "as-if- and-when-issued" basis.

[Snippit]

yes it was quite clear . Even if one was surprised that NPN went down 30% , quick logic reminded that portfolio out of whack because Prosus is not yet reflecting. Sens says it will reflect on Mon 16th

 

PRX is trading on JSE from the open. 

[nosh]

Actually everyone was informed this by their brokers, well mine did and so did fnb....the confusion was people dont read properly,,,said non you get a lesser percentage and prosus 1 for one very clearly....also said if you don't pick npn for your free shares you'll automatically prx....

yes it was quite clear . Even if one was surprised that NPN went down 30% , quick logic reminded that portfolio out of whack because Prosus is not yet reflecting. Sens says it will reflect on Mon 16th

[Midas1]

Actually everyone was informed this by their brokers, well mine did and so did fnb....the confusion was people dont read properly,,,said non you get a lesser percentage and prosus 1 for one very clearly....also said if you don't pick npn for your free shares you'll automatically prx....

[Argento]

Hi A, pri e dropped 31 percent approximately and no prosus showing until Monday,,,,but broker said if you want sell the prosus can do through him , or will look like you shorted it....all but weird but I guess this was a very unusual transaction....my equities same story as above...

Cool cheers

 

A

[Midas1]

Hi A, pri e dropped 31 percent approximately and no prosus showing until Monday,,,,but broker said if you want sell the prosus can do through him , or will look like you shorted it....all but weird but I guess this was a very unusual transaction....my equities same story as above...

[Snippit]

Grant it there is lot confusion for eg my npn down 31 percent and prosus isn't showing yet, so all in all looks shocking....my broker says phone gone mad ,,,,lots people confused

 

 

Explanatory SENS release 30 minutes after the actual event. NPN and indices off the screens. 

I suppose no one told their bots. NPN being bought by brainless algos.

The inevitable correction gonna be the next surprise. 

[nosh]

Yes, if you have had losses try offset it against this capital gains ?

yes that's what everyone was saying .

[Midas1]

Yes, if you have had losses try offset it against this capital gains ?

[Argento]

Grant it there is lot confusion for eg my npn down 31 percent and prosus isn't showing yet, so all in all looks shocking....my broker says phone gone mad ,,,,lots people confused

What did they do in regards to the Naspers cfd's?

 

A

[nosh]

Npn and prosus you getting 1 for 1 so add 2 together and you up bit allready

yes but the tax implication is still to be taken into account

[Midas1]

Grant it there is lot confusion for eg my npn down 31 percent and prosus isn't showing yet, so all in all looks shocking....my broker says phone gone mad ,,,,lots people confused

[Snippit]

Npn and prosus you getting 1 for 1 so add 2 together and you up bit allready

 

Seems like an unnecessarily disruptive choice for the introduction of the change. Clearly the JSE custodians were using their unique management by chaos approach.

[Midas1]

Npn and prosus you getting 1 for 1 so add 2 together and you up bit allready

[Snippit]

Naspers directors appear to be so greedy that they have destroyed their shareholders and sent the JSE reeling in their rush to self-enrichment. 

[Argento]

Money makers know the market very well too and always takes out the weak longs before a big move...same game they since Livermore's days, need to have deep pockets to beat them!

 

A

[Snippit]

This post is for adults only and even then they need to be normal as in mentally normal with clean habits and all sentences for criminal convictions completed. 

 

If anyone is left, rather sit down now. 

 

This is an update of the post on 5th Sept.

 

JSE, Naspers, NPN

 

Follow this link for the explanatory comments. 

 

https://jsecharts.bl...aspers-npn.html

 

 

discere ad natare

 

The purpose of sharing this is to encourage broader interest with the application of the Elliott Wave theory. The standard version of the theory applies.

 

 

[Midas1]

Lekker, let's hope for upswing