Sell shares?

[Pho3nix]

Hi guys,

Been thinking maybe I should sell a couple of my Phutumanathi shares (about 250) and put the funds into SATRIX and supplement that with monthly deposits of about R350 or something for a while. Thought's on this?
Looking to sell as the share price hasn't moved in a while and thinking I should possibly diversify my investment portfolio. Currently have a investment plan and a unit trust account through old mutual.

Thoughts?

 

[Sepeng]

Look this is only my opinion obviously, but those shares aren't reflecting their true value at the moment. I say this cos at the moment, the only trading allowed is between black entities, in a few years it'll open up for everyone.
Moneyweb had an article a while back when the shares were listed, they reckon the fair value at between R120-R170.

http://www.moneyweb.co.za/mw/view/mw/en/page295165?oid=557764&sn=2009+Detail

So yeah, like with all these things you pays yer money and takes yer chances, but maybe hang onto them and open up a satrix account with the debit orders anyway?

 

[Wyzak]

Living in the "new" South Africa 18 years on where we are all "equal" it isn't very nice seeing that racial discrimination is still thriving and being supported by government and large companies. As an avid share trader I will look at that share only until I see the reason for its existence, and then I will invest my money somewhere else.

Don't expect that as soon as the artificial (racially discrimating...) restrictions are lifted that investors will just rush in like water in a tsunami.

 

[grok]

Agree with Wyzak 100%.

 

[delta66]

Living in the "new" South Africa 18 years on where we are all "equal" it isn't very nice seeing that racial discrimination is still thriving and being supported by government and large companies. As an avid share trader I will look at that share only until I see the reason for its existence, and then I will invest my money somewhere else.

Don't expect that as soon as the artificial (racially discrimating...) restrictions are lifted that investors will just rush in like water in a tsunami.

well said..i agree 100%

 

[marco]

Hi guys,

Been thinking maybe I should sell a couple of my Phutumanathi shares (about 250) and put the funds into SATRIX and supplement that with monthly deposits of about R350 or something for a while. Thought's on this?
Looking to sell as the share price hasn't moved in a while and thinking I should possibly diversify my investment portfolio. Currently have a investment plan and a unit trust account through old mutual.

Thoughts?

Nothing is moving at the moment. Jse Allshare down 1.8% over the past month. Wait it out. It will soon fly.