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#21 Midas1

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Posted 21 August 2019 - 10:27 AM

What a beautiful day...sold imp long....going try buy back on dip again as seems strong bullish..but want keep banking
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#22 Midas1

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Posted 18 August 2019 - 09:03 PM

Impala opinion from Friday..
Impala Platinum (Buy, TP - R85.00): FY19 trading statement. Nkateko writes that the numbers were actually slightly better than expected. The following are the main high-level points of relevance:

Impala’s FY19 HEPS expected between ZAR406c/share and ZAR440c/share. On average, this is +348% vs FY18 but -29% vs Bloomberg consensus and -36% versus our estimates

Earnings were impacted by a non-cash expense of ZAR1 560 million, or 217 cents per share (no tax impact), relating to the mark to market of the conversion of USD convertible bonds at year end

Accounting for this non-cash expense, HEPS guidance would have been between ZAR623c/share and ZAR657c/share, which would have been a 7% beat to the Bloomberg consensus number

 
 
Guided range
BB consensus
Investec
vs BB consensus
vs Investec
vs FY18
HEPS
406
440
597
662
-29%
-36%
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#23 Midas1

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Posted 16 August 2019 - 09:17 AM

You think will drop further...I'm not touching this either way...interested anyone elses opinion?
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#24 JR7800

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Posted 16 August 2019 - 09:02 AM

Sasol

- delayed result 

- lake charles still an issue

- I think the dividend might also be cancelled

 

I am thinking of shorting at around R270 to R280 with R250 my exit target.

 

Any thoughts?


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#25 Midas1

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Posted 15 August 2019 - 01:21 PM

Impala trading statement looks good to me...share not shooting lights out yet 😁
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#26 Midas1

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Posted 12 August 2019 - 09:38 AM

Gone long impala this am
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#27 Midas1

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Posted 08 August 2019 - 09:27 PM

Haha...re chops..as long as you in profit doesn't matter if cfds or equities just equities cost more trade but are safer especially if you need hold..I'm keen buy drd again when time right but also prefer not hold anything over weekend where possible..imp my thing at moment but don't think I'll short it again before results out 5 sep as trading statement could come out soon as,well and thing could take off soon. I think 85 will come easily..as allready been over 80 twice
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#28 Midas1

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Posted 08 August 2019 - 03:30 PM

Done same with impala short and kinda done victoty dance right now 😁...computer going off shortly...have a good one all...ps not to say never any hits reality is took a hit on shp when went 149 last week but bought back some as was going up again did recoup a bit on shp....but very much back in green today....great
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#29 new john

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Posted 08 August 2019 - 01:00 PM

Closed out my Long on Anglo Gold. Don't want to be caught with it into the long weekend and happy to say made some moola for the weekend. Can buy 2 chops instead of one now.


Isn’t that, in essence, the South African dream my boet ;)
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#30 JR7800

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Posted 08 August 2019 - 12:49 PM

Midas1,

 

I also played DRD from low R3 something and tapped out yesterday at R5.80. This was in normal share trading Not CFD's.

 

I did buy Anglo Gold at R310.03 and hope to get out at R320 before close of day (don't want to hold a long position over long weekend. Too much time for Trump to f things up)

 

Closed out my Long on Anglo Gold. Don't want to be caught with it into the long weekend and happy to say made some moola for the weekend. Can buy 2 chops instead of one now.


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#31 soutie

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Posted 08 August 2019 - 12:45 PM

If you can hold off till next week would be wise, traders will be un-winding their respective positions today as public holiday tomorrow. Could spoil your long w/end having an open position & being unable to act.


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Anyone need a heads up...!


#32 Midas1

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Posted 08 August 2019 - 10:31 AM

I think you can confidently say therell be more conflict from him by next week 🤣 Sunday if hes not golfing his favorite tweet day..sometimes even between shots when is golfing...if equities it's not really stress...problem is .4 percent buy and sell on equities
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#33 JR7800

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Posted 08 August 2019 - 10:21 AM

Midas1,

 

I also played DRD from low R3 something and tapped out yesterday at R5.80. This was in normal share trading Not CFD's.

 

I did buy Anglo Gold at R310.03 and hope to get out at R320 before close of day (don't want to hold a long position over long weekend. Too much time for Trump to f things up)


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#34 Midas1

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Posted 08 August 2019 - 10:03 AM

Only gold ive traded is drd and bought when looked really cheap..nervous of gold unless you prepared buy low and hold presuming world in turmoil for some time...
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#35 JR7800

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Posted 08 August 2019 - 09:40 AM

Goes to show why I don't do this for a living.

 

I would be hungry permanently.

 

How quickly can things go belly up. Faster than it took me to write this.....


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#36 JR7800

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Posted 08 August 2019 - 09:02 AM

Let me correct the entry price to R310?


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#37 JR7800

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Posted 08 August 2019 - 08:50 AM

Hi all.

 

With the gold price up and a fairly good update out this morning what do you all think about a long on Anglo Gold Ashanti?

 

Try and get in at around R320 and get out at R330 to R340.

 

What the experts think?


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#38 Midas1

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Posted 07 August 2019 - 06:19 PM

Need google bit more but cant see how imp could get on msci..but will check all criteria..
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#39 Midas1

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Posted 07 August 2019 - 05:49 PM

Do know if im long or short always duck out bit early as my mind goes bank while you can...
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#40 Midas1

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Posted 07 August 2019 - 05:35 PM

Thanks soutie..agree averaging out prices is admitting you didn't get it right..I have hold position overnight average 78.69 now am sweating a bit as heard msci emerging markets quarterly comes out tonight I think and if impala makes it on I could be in trouble with my short..with costs I have very good deal with iress...less than 2.5 percent to buy or sell so doesn't affect costs re average price as long as I buy more than their standard fee of 120 rand...but thanks..I'm all ears about tips or advise....
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