The LONMIN share price thread

PieterseMJ said:
oh... hahaha! So from what I see it's (https://www.fnb.co.za/share-investing/share-investor.html):

Minimum account balance: R200
Monthly fee: R49
Transaction fees per trade: Brokerage of 0.6% of trade value with a minimum of R80 per trade
Exclusive of VAT, IPL, STT and STRATE charges*

Brokerage fee*: 0.6% (min R80) plus VAT
Investor Protection Levy: 0.0002% plus VAT
STRATE Settlement charge: 0.005787% (Minimum R11.58, maximum R57.87) plus VAT
Securities Transfer Tax (on share purchase): 0.25%

But i can't see the breakdown like you have it, but again, i'm a complete n00b with this on where to click, what to look for. I don't think that is a bad price comparing EE and also with the issues some people have on EE (http://mybroadband.co.za/vb/showthread.php/637974-Easy-Equities-good-or-bad/page54) that I wouldn't even know. I also have the Share Saver with FNB and am really happy with that, so this makes sense to me seeing as I don't know the first thing about shares etc. (or is that a lot to pay for the Share Investor?)
Click to expand...

There is no issues on EE, they re hauled and revamped the thing and also corrected all the funds I got a hefty "for your troubles" payout
 
The might Lonmin strikes again, I have 1800 odd at the moment with options to purchase 47,000 @21.7c. I bought them at between R7.87 and R3.50 but then sold 50% of them when it was past R8 ( profit taking to cover my risk ) I now wait and watch and see what happens. I have until the 7th of December to use the options.
 
PieterseMJ said:
oh... hahaha! So from what I see it's (https://www.fnb.co.za/share-investing/share-investor.html):

Minimum account balance: R200
Monthly fee: R49
Transaction fees per trade: Brokerage of 0.6% of trade value with a minimum of R80 per trade
Exclusive of VAT, IPL, STT and STRATE charges*

Brokerage fee*: 0.6% (min R80) plus VAT
Investor Protection Levy: 0.0002% plus VAT
STRATE Settlement charge: 0.005787% (Minimum R11.58, maximum R57.87) plus VAT
Securities Transfer Tax (on share purchase): 0.25%

But i can't see the breakdown like you have it, but again, i'm a complete n00b with this on where to click, what to look for. I don't think that is a bad price comparing EE and also with the issues some people have on EE (http://mybroadband.co.za/vb/showthread.php/637974-Easy-Equities-good-or-bad/page54) that I wouldn't even know. I also have the Share Saver with FNB and am really happy with that, so this makes sense to me seeing as I don't know the first thing about shares etc. (or is that a lot to pay for the Share Investor?)
Click to expand...

The pay out issues is a one time thing and it has been rectified as far as I know. Was related to dividends.

So from the above you can see that you are paying R49 per month and for that R150 trade you'd pay 0.6% brokerage (min R80) = R230 excl. other costs.

So, those R150 worth of Lonmin shares would need to shoot up and grow by 55% before you covered your costs and break even vs the 0.6% it needs to grow to cover the costs on Easy Equities. THAT is why EasyEquities is better in this regard (even if they do miss a pay out you'd still come out ahead because of trade costs).

So now you know.
 
Dr Who said:
The might Lonmin strikes again, I have 1800 odd at the moment with options to purchase 47,000 @21.7c. I bought them at between R7.87 and R3.50 but then sold 50% of them when it was past R8 ( profit taking to cover my risk ) I now wait and watch and see what happens. I have until the 7th of December to use the options.
Click to expand...

Where do you get these options?

I bought a few thousand buks worth this morning at 29c
 
Hamster said:
The pay out issues is a one time thing and it has been rectified as far as I know. Was related to dividends.

So from the above you can see that you are paying R49 per month and for that R150 trade you'd pay 0.6% brokerage (min R80) = R230 excl. other costs.

So, those R150 worth of Lonmin shares would need to shoot up and grow by 55% before you covered your costs and break even vs the 0.6% it needs to grow to cover the costs on Easy Equities. THAT is why EasyEquities is better in this regard (even if they do miss a pay out you'd still come out ahead because of trade costs).

So now you know.
Click to expand...

I think i'm just one of those paranoid people who always worries about adding my bank details, and you need too, to open an account. But I suppose if it's the better the option, then it's worth a try. It does say "have you been referred? enter your referral code here" so if you have a referral code (which i'm sure you'll get some kick-back from) then you can post it and i'll use that
 
PieterseMJ said:
I think i'm just one of those paranoid people who always worries about adding my bank details, and you need too, to open an account. But I suppose if it's the better the option, then it's worth a try. It does say "have you been referred? enter your referral code here" so if you have a referral code (which i'm sure you'll get some kick-back from) then you can post it and i'll use that
Click to expand...

The things I'd do for R50...

EE45514
 
I'm trying to register on EE.

My FICA status says [unverified]. Do I need to upload additional info or does it take a while for my docs to be verified?
 
marco79 said:
I'm trying to register on EE.

My FICA status says [unverified]. Do I need to upload additional info or does it take a while for my docs to be verified?
Click to expand...

Takes a while you will either be activated within an hour or a lady will cal you to manually confirm the details and then confirm it.
 
Thanks guys. I've been planning putting a few rands into EE monthly. Now seems like a good idea to start.
 
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