Stock Watch [Disclaimer: "by non-registered amateurs"]

[The Trader]

I agree with you on that. I bought into them with some of my Lonmin shares i sold. At least they are 9% in the positive up to now, whereas the Lonmin shares i kept are just making me depressed, hahahaha

Well, yeah, if it had to be a decision between Lonmin and them, mine would have gone the same route

 

[buyeye]

Well, I really do hope all the best for you. My personal problem was the fact that they still had not make any mention of where they intend to invest in. This in itself is way too much risk for me.

it's only R1200.

 

[e4et]

Trader.
Whats your thought on AFRICAN DAWN ?
https://www.google.com/finance?q=JSE:ADW
http://www.reuters.com/article/idUSFWN14B02O20151223
http://www.reuters.com/article/idUSFWN14B01Z20151222

I wanted to throw a couple a rands their way, but all i get is this "This security is currently unavailable for trading."

 

[The Trader]

Trader.
Whats your thought on AFRICAN DAWN ?
https://www.google.com/finance?q=JSE:ADW
http://www.reuters.com/article/idUSFWN14B02O20151223
http://www.reuters.com/article/idUSFWN14B01Z20151222

I wanted to throw a couple a rands their way, but all i get is this "This security is currently unavailable for trading."

I do not think it is a good idea at all. Back in 2007/2008 the company traded at highs of around R5.30+ per share. From 2009 they were hit with a series of problems which caused their share price to tumble. It seems they appointed 2 CFO's in a matter of 2 years, the latest about to start this month. I do not really see them recovering at this point in time, and if there is a recovery, for now it will be minimal at best. In my opinion, their woes will continue this year. Your money will grow better elsewhere.

 

[e4et]

I do not think it is a good idea at all. Back in 2007/2008 the company traded at highs of around R5.30+ per share. From 2009 they were hit with a series of problems which caused their share price to tumble. It seems they appointed 2 CFO's in a matter of 2 years, the latest about to start this month. I do not really see them recovering at this point in time, and if there is a recovery, for now it will be minimal at best. In my opinion, their woes will continue this year. Your money will grow better elsewhere.

Thanks, appreciate your input, as always.

 

[e4et]

I do not think it is a good idea at all. Back in 2007/2008 the company traded at highs of around R5.30+ per share. From 2009 they were hit with a series of problems which caused their share price to tumble. It seems they appointed 2 CFO's in a matter of 2 years, the latest about to start this month. I do not really see them recovering at this point in time, and if there is a recovery, for now it will be minimal at best. In my opinion, their woes will continue this year. Your money will grow better elsewhere.

Thanks, appreciate your input, as always.

 

[techead]

Harmony has gone through the roof this month.

My money in them has produced a 40% return

 

[Swa]

LMFAO @ Aquarius being my only stock that went up by 1.15% today and 1.92% to date.

 

[theratman]

Preparing to take a huge ht today, China have devalued their currency. Hoping to get some rand hedging in Steinhoff if the price is right!

 

[theratman]

And ouch...

 

[Hamster]

And ouch...

Ja nee

 

[theratman]

I'm still marginally up but I'm sure I'll be down at some point today. Went ahead and picked up some steinhoff. What a kark day.

 

[thehuman]

Lost all the profit i made past 30 days

 

[techead]

markets bleeding at the eyes

 

[syfret]

A great time to buy DSY

 

[AirWolf]

Sasol price came down fast today...

 

[Parrie]

No offence, but that statement says a lot about your knowledge regarding share trading so maybe you should be less aggressive towards the other members that are also making best guesses.

The BDA is a system used by the JSE to keep track of an individual’s holdings in relation to the brokerage platform he is using. So on a traditional platform (like OST in its current form) I'll receive a BDA number. When I place a trade for 10 LON shares the platform sends the trade to the JSE where it is executed and allocated in my BDA account. OST doesn't actually keep track of your holdings (only intra day stuff). Every transaction to the BDA costs money and that is why these other platforms are so expensive.

Now you get these newer platforms like EE that have one BDA account under their own name. When you place a trade with them they schedule it to go off with their next bulk trade (every 15 minutes or whichever way they schedule it). They buy the share and on the JSE it says EE owns 10 LON shares. On the EE side you own 10 CFDs (or OTC or whatever), lets call them CFDLON which tracks the underlying instrument (LON) 1:1. This is also how EE allows you to buy fractional shares. If you buy 10.5 CFDLON EE will go and buy 11 LON on the JSE.

So in short - when a share is bought that is between EE and the JSE. What happens between you as a client and EE has nothing to do with the JSE. If EE decides to hold their own elections or distribute the rights to purchase on a first come first serve basis they can do so since they are the owners of the actual rights.

DISCLAIMER: I'm 99% sure of the above as I work on one of the trading platforms but at the end of the day I have no inside knowledge of EE's systems..

HI Toothless,

This discussion and your post has just been brought to my attention by an unconcerned EasyEquities client who thankfully alerted me to the post so that I could respond.

Your post is factually incorrect. EasyEquities is not in any way, shape or form a scheme. It's very much a legitimate business that is regulated by the FSB, that provides investors with a low-cost and easy-to-use platform giving them the ability to invest on the stock exchange. Ownership of whole shares are in the name of the Investor. If you go and look at the share registers of the respective companies in which the investors hold shares, it is their names that sit on those share registers as the owner of the shares.

If you have a look at the "What Protections do you have" section at the bottom of Page 3 of our Terms and Conditions available here https://www.easyequities.co.za/Content/Documents/EASYEQUITIES_Terms_and_Conditions.pdf, you will see it clearly explained that whole securities belong to the investor and are kept separate from our estate and our assets. The fact that they are held in safe custody by a nominee company is common practice in the Financial Services industry.

The fractional shares (an innovative concept we have devised to give Investors with lower sums of money the ability to get invested on the stock exchange) work on a more complex basis where the Investor does not own the underlying reference instrument, but the Investor has a contractual claim against us under the transaction. I will get further clarity on how the Investor protection works on fractional shares, but I need the assistance of our CFO in order to simplify the explanation before I am happy to communicate it but I can state categorically that they operate in a manner that offers INvestors protection in an insolvency event. This is also explained in our T's and Cs'.

If you have any particular questions/queries/concerns, please feel free to raise them with me and I'll be delighted to answer / explain them further. If you'd like to come into our offices and chat with someone to allay any fears you have, we would welcome that too.

Any more wise ass comments Hamster?

 

[Hamster]

Any more wise ass comments Hamster?

Man you can carry a grudge. My comment on them having a single BDA account through which all transactions go through still stands.

So I guess "piss off" is the wise ass comment I'm looking for. Take your mean spirited bullscht somewhere else.

 

[Parrie]

Man you can carry a grudge. My comment on them having a single BDA account through which all transactions go through still stands.

So I guess "piss off" is the wise ass comment I'm looking for. Take your mean spirited bullscht somewhere else.

LOL

You got nothing.

 

[owl]

Sasol looks cheap at R377