Exodus at JSE

Bewlen said:
I keep hearing these "go to Europe" insults slung at white south africans who have any kind of criticism, hell even an unpopular opinion to express. It has just become THAT easy, hasn't it?

If the guavament would only arrange for me to get entry into my country of "origin", I would be outta here in a flash. Funny thing is, if this offer were to be extended to all the whities left, I'm not sure there would be many whities left. The ANC are even looking around a bit wide-eyed going "heeeeey, where'd all those bank-accounts-that-we-taxed... i mean 'emigrants' disappear to?"

But hey, keep slinging that quip. It's becoming almost as tired as that 'ole classic of calling someone a "racist", it's starting to becoming a huge meh.
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Just as tired as people saying **** like “guavament”.
 
Could it simply be a case for modern technologies and modern times meaning no more need for companies publicly listing and needing the likes of the JSE to manage their shareholdings?

There’s also lots of boxes to tick and audits and crap to do when you are listed which costs money and goes away when you don’t.
 
The Cape Town stock exchange is growing though. Could it be that it eventually replace the JSE?
 
rvZA said:
If you want a strong growth portfolio that outranks the All Share or even Top 40, then you need smaller company listings. Strong companies with strong growth. You do not outpace the benchmarks of either All Share or Top 40 by investing only in them. So, the opportunities for strong growth diminishes as your smaller companies leave the exchange. This in turn will also affect the All Share's index of growth. This has a huge impact on all investments in the long term.
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In other words, companies not subjected to AA and BEE?
 
Look a stock exchange is basically there to help you raise large amount of money, unless you were a company that changed from policyholders to a shareholder based.

Many companies in SA have made great profits, so they generally buy all their shares back. and then delist.
 
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Credit, credit, credit... Default, default, default..
 
Pegasus said:
Ok, so companies that don't trade often and perform badly (Dogs) are your darlings.
That is a special tactic.
I'll stick to the Top 40 tx.
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Trading frequency isn't a function of performance. There are many small companies with good prospects but if you are good with only beating inflation then fine, the other investors who are not looking in the usual places are the ones winning. If the JSE is charging fees for shares that aren't trading then perhaps that's where the problem lies and why they are looking for other places making everyone lose out.
 
Swa said:
Trading frequency isn't a function of performance. There are many small companies with good prospects but if you are good with only beating inflation then fine, the other investors who are not looking in the usual places are the ones winning. If the JSE is charging fees for shares that aren't trading then perhaps that's where the problem lies and why they are looking for other places making everyone lose out.
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And another that thinks that having a share listed that doesn't trade is a good thing.
www.investopedia.com

Understanding Liquidity and How to Measure It

Liquidity refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price.
www.investopedia.com www.investopedia.com

Markets reward success and punish failure.
If nobody is buying the share then there is usually good reason, as in it is probably going nowhere or is a bad investment.



And you think its the JSE's fault that this is happening.

This one is so wrong I really don't know where to start...

Maybe start thinking about why a company lists in the first place.
www.investopedia.com

Understanding the Stock Market: How It Functions and Impacts Economy

Discover how the stock market functions, why it's crucial for companies and investors, and how it reflects broader economic health.
www.investopedia.com www.investopedia.com
 
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The net value of total shares traded on the JSE is still mostly up despite the delisting's. The companies leaving for the most part are small fish who get minimal benefit from being listed but have all the costs of being listed (significantly more stringent reporting requirements).
 
Many companies on the JSE, large and small don't pay dividends for years, don't grow and in many cases bleed money and assets year on year.
Who would want to invest in that?

I have seen companies listing in the past 10 years that lose huge chunks of their share value from the 3rd month after listing.
SA companies have been too attached to corrupt overcharging that they were allowed to get away with.
Things have changed though and it is quite apparent that many JSE listed companies struggle with their own operational inefficiencies if they are not making 200% profit on contracts.
 
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I have always said that the asset managers in sa like coronation don’t have good long term prospects as they running out of companies to invest in on the jse.
 
jambai said:
I have always said that the asset managers in sa like coronation don’t have good long term prospects as they running out of companies to invest in on the jse.
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Some bigger investment companies have been complaining about this too for a number of years now. This is not new. The decline is much more rapid and bigger than anywhere else in the world. While the world see new companies listing regularly, this is not happening locally.
 
jambai said:
I have always said that the asset managers in sa like coronation don’t have good long term prospects as they running out of companies to invest in on the jse.
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True. Regulation 28 is choking their Balanced Plus fund, and a few other reg 28 funds. Coronation keeps punting the long game, but the ANC clearly does not have a long term strategy, they think that are at a "eat all you can" night, and don't give a rats ass for the long term.
 
Pegasus said:
And another that thinks that having a share listed that doesn't trade is a good thing.
www.investopedia.com

Understanding Liquidity and How to Measure It

Liquidity refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price.
www.investopedia.com www.investopedia.com

Markets reward success and punish failure.
If nobody is buying the share then there is usually good reason, as in it is probably going nowhere or is a bad investment.



And you think its the JSE's fault that this is happening.

This one is so wrong I really don't know where to start...

Maybe start thinking about why a company lists in the first place.
www.investopedia.com

Understanding the Stock Market: How It Functions and Impacts Economy

Discover how the stock market functions, why it's crucial for companies and investors, and how it reflects broader economic health.
www.investopedia.com www.investopedia.com
Click to expand...
And please do tell why shares should be traded for a company to be seen as a success. Liquidity has everything to do with the market and not the company. You are seeing it from the wrong perspective. I could also say if nobody wants to sell the share there is usually a good reason. If having a share listed that doesn't trade is a problem then the problem IS with the platform because there are plenty of successful companies with no share trading.
 
Swa said:
And please do tell why shares should be traded for a company to be seen as a success. Liquidity has everything to do with the market and not the company. You are seeing it from the wrong perspective. I could also say if nobody wants to sell the share there is usually a good reason. If having a share listed that doesn't trade is a problem then the problem IS with the platform because there are plenty of successful companies with no share trading.
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I take it you ignored the links.
 
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