709 replies to this topic

[Snippit]

https://www.zerohedg...fective-sept-24

 

Market decides that the cat is a puzzy

[Ms Jet]

Thanks Nosh

[nosh]

Snippit, on 18 Sept 2018 - 12:57 PM, said:

 

Comment from Standard Bank trading this am....

• NPN: MultiChoice unbundling worth R201/share in our model meaning we expect a bit more from performance in the rump today, but - although the most significant step so far towards unlocking the SOTP discount – fairly well telegraphed (cash flows no longer required for ecommerce units since Tencent/Flipkart sales). We value the Pay TV stake at R212 which declines slightly after incorporating the additional 5% NPN will allocate to BEE shareholders (currently 20% of the SA operation). Although not confirmed by the company, we expect the A and N share structure may be retained by MultiChoice upon unbundling, given SA law requires foreign shareholders control no more than 25%, but we nevertheless value NPN’s Pay TV unit at a premium to global peers (1 yr fwd EV/EBITDA of 8.1x) largely due to the significant SSA losses which we expect to decline over the next 3 years.

 

Vestact has rough estimate of R150 per Multichoice share

[Ms Jet]

Thank you very much

[Snippit]

Comment from Standard Bank trading this am....

• NPN: MultiChoice unbundling worth R201/share in our model meaning we expect a bit more from performance in the rump today, but - although the most significant step so far towards unlocking the SOTP discount – fairly well telegraphed (cash flows no longer required for ecommerce units since Tencent/Flipkart sales). We value the Pay TV stake at R212 which declines slightly after incorporating the additional 5% NPN will allocate to BEE shareholders (currently 20% of the SA operation). Although not confirmed by the company, we expect the A and N share structure may be retained by MultiChoice upon unbundling, given SA law requires foreign shareholders control no more than 25%, but we nevertheless value NPN’s Pay TV unit at a premium to global peers (1 yr fwd EV/EBITDA of 8.1x) largely due to the significant SSA losses which we expect to decline over the next 3 years.

 

[Ms Jet]

Would i get multichoice shares? Think i need specs

[Ms Jet]

Everything weird on world...snippit will npn share ho down when they unbundle is this the norm...or not really as multichoice not really prize company anyway...npn most probably better off without them 😁 and at time unbundling is nosh right that if het multichoice shares 😁 whatever they worth...in quandary re this

[Snippit]

So Trump goes for $200 billion but with phase in of the 25% tariff starting at 10% to allow US companies to resource before the full whack next year. Proviso to increase the value by a third if Chinese retaliate. 

Market thinks the Chinese are puzzies or else Trump is a puzzy. Maybe the market is the puzzy? 

Edited by Snippit, 18 September 2018 - 02:44 PM.

[Ms Jet]

https://www.moneyweb...the-metal/..npn definately trying move onward and upward

[Ms Jet]

Wonder what lows could be? Prior snippit said maybe 2500...id think about 2900 ?

[Ms Jet]

Ill buy more if it drops and add to portfolio

[Ms Jet]

My strategy with npn was to hold..but noe not sure 😁...maybe ill hold what i have and if drop by somemore as i do think this share going be worth a lot more than current price especially if they loose multichoice

[nosh]

Jet, on 18 Sept 2018 - 07:55 AM, said:

Thanks nosh been googling like mad but no clarity...obviously you must hold the npn shares until 2019...is there deadline to gain other shares or could you sell now and buy in again cheaper before they transact..then gainmore shares all around....

You will receive mutichoice shares in proportion to the number of NPN shares held on LTD (which will be in 2019) - so you could buy and sell till then, if that's your strategy.  Obviously, the more NPN shares you have, the more multichoice shares you will receive

[Ms Jet]

Thanks nosh been googling like mad but no clarity...obviously you must hold the npn shares until 2019...is there deadline to gain other shares or could you sell now and buy in again cheaper before they transact..then gainmore shares all around....

[nosh]

Jet, on 17 Sept 2018 - 4:16 PM, said:

I have 95 npn shares..dont want mess up...surely npn will increase now without multichoice? Will npn get multichoice shares as well...i think ill hold for while...googled but not sure how unbundling will affect npn..but would imagine positively

Your number of npn shares will remain the same (price may drop) . You will receive new Multichoice shares (which will be listed on JSE separately), number depends on unbundling details. 

[Ms Jet]

I have 95 npn shares..dont want mess up...surely npn will increase now without multichoice? Will npn get multichoice shares as well...i think ill hold for while...googled but not sure how unbundling will affect npn..but would imagine positively

[Snippit]

Jet, on 17 Sept 2018 - 11:29 AM, said:

Hi polly and snippit....weheres naspers heading...seems be hovering

 

See chart for Dow (at ALSI Trades) where I see as the Dow commences a down trend then the ALSI is already leading it and the problem will be that there is no kiss and make up by the trade warriors. If they do kiss and make up then its all bets off. Maybe Trump will be put in a straight jacket that will be good for NPN and ALSI but if not it looks more likely the trade war goes mega.

[Ms Jet]

Flip just seeb what it means

[Ms Jet]

What does this mean for naspers shares..https://www.sharenet...eq=40&scode=NPN

[Ms Jet]

Hi polly and snippit....weheres naspers heading...seems be hovering