Vodacom BEE share offering

J

JK8

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Did you buy?
How many were you allocated compared to the amount you bought?
 
The government wouldn't let me buy, directly. Apparently I was also too white. A mate of mine bought a considerable number of shares though - he is already a multi-millionaire. He bought me a couple as well - said something about currently disadvantaged or something to that affect...
 
Mr Blu bought the minimum amount (I forget how much that was) and he was allocated the measly total of 100 :)
 
DJK said:
The government wouldn't let me buy, directly. Apparently I was also too white. A mate of mine bought a considerable number of shares though - he is already a multi-millionaire. He bought me a couple as well - said something about currently disadvantaged or something to that affect...
Click to expand...

Apparently?
 
DJK said:
The government wouldn't let me buy, directly. Apparently I was also too white. A mate of mine bought a considerable number of shares though - he is already a multi-millionaire. He bought me a couple as well - said something about currently disadvantaged or something to that affect...
Click to expand...

Could you find out how many he was allocated?
 
DJK said:
Apparently so, yes.
Click to expand...


You are definitely white. As am I.

But if white peeps wanted Vodacom shares so badly, they could simply have formed a group (company, etc) and bought the shares in a black-owned consortium, non?
 
JK8 said:
Atleast a pm?
Click to expand...

Why is it so important to you? I won't disclose his trades unfortunately, as it is considerable, and not my place. Issue is that due to the emblem saga, my anonymity is no longer, so anyone who knows of me or knows me will be able to put 2 and 2 together.

blunomore said:
You are definitely white. As am I.

But if white peeps wanted Vodacom shares so badly, they could simply have formed a group (company, etc) and bought the shares in a black-owned consortium, non?
Click to expand...

Not entirely sure, but yes that does sound plausible, although if they are trading as an investment only company, this could make matters a little more complicated from a compliance perspective...
 
DJK said:
The government wouldn't let me buy, directly. Apparently I was also too white. A mate of mine bought a considerable number of shares though - he is already a multi-millionaire. He bought me a couple as well - said something about currently disadvantaged or something to that affect...
Click to expand...
Isn't that illegal??
 
DJK said:
Why is it so important to you? I won't disclose his trades unfortunately, as it is considerable, and not my place. Issue is that due to the emblem saga, my anonymity is no longer, so anyone who knows of me or knows me will be able to put 2 and 2 together.
Click to expand...

Fair enough, I dont know who you are though.
Its important because I didnt get the allocation I bought.
Maybe if you could be a little vague and find out if he got his full allocation, half his allocation or less... no prices or share number just a percentage he was allocated? Is that fine?
 
HansieH said:
Isn't that illegal??
Click to expand...

Nope. They belong to him and my profit is linked to the share-price of a BEE share. Trades of this nature take place every day, such as in the bond market where FRN notes are linked to inter bank transfer rates or other money market reference rates for example. My earnings are linked to the BEE share price, thats all - I never take ownership of the share.

CFDs (contract for difference) for example result in you never actually owning a share - you own a piece of paper. The price of that piece of paper (contract) is linked to the share price, and results in a difference being made based on the view you take, either long or short, and that is where profits are made. These trades are known as derivatives as their value is not derived from the asset itself (as the piece of paper is not the asset), but the underlying asset instead. CFD is slightly different (for anyone pedantic and in the financial market - before I get lambasted) but you will find the same concept in options and futures contracts as well...
 
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JK8 said:
Fair enough, I dont know who you are though.
Its important because I didnt get the allocation I bought.
Maybe if you could be a little vague and find out if he got his full allocation, half his allocation or less... no prices or share number just a percentage he was allocated? Is that fine?
Click to expand...

Lets call it 100%...;)
 
wanted 500, got 100.

A buddy of mine bought 300 ... 100 for himself and each of his 2 kids. Got all 300
:(
 
DJK said:
Nope. They belong to him and my profit is linked to the share-price of a BEE share. Trades of this nature take place every day, such as in the bond market where FRN notes are linked to inter bank transfer rates or other money market reference rates for example. My earnings are linked to the BEE share price, thats all - I never take ownership of the share.

CFDs (contract for difference) for example result in you never actually owning a share - you own a piece of paper. The price of that piece of paper (contract) is linked to the share price, and results in a difference being made based on the view you take, either long or short, and that is where profits are made. These trades are known as derivatives as their value is not derived from the asset itself (as the piece of paper is not the asset), but the underlying asset instead. CFD is slightly different (for anyone pedantic and in the financial market - before I get lambasted) but you will find the same concept in options and futures contracts as well...
Click to expand...


You had quite a long reply, but I think Hansie was referring to the illegailty vis a vis the spirit of the BEE legislation and the fact that only HDSAs are supposed to benefit in any way from these shares.
 
blunomore said:
You had quite a long reply, but I think Hansie was referring to the illegailty vis a vis the spirit of the BEE legislation and the fact that only HDSAs are supposed to benefit in any way from these shares.
Click to expand...

I was explaining how we get around the legalitites. I know of no publicly traded derivatives linked to the BEE shares, and I doubt there will ever be any. I posted a lengthy reply for the benefit of everyone who would like to know how to get around this matter, legally. AFAIK...

Fiekus said:
If he wanted 100 then yes 100% looks right but the "deal" was 3 times oversubscribed
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He wanted more than 100 - and he got his "allocation". He usually gets what he wants - he didn't become the man he is today without leveraging his entire contacts database...;)
 
DJK said:
Nope. They belong to him and my profit is linked to the share-price of a BEE share. Trades of this nature take place every day, such as in the bond market where FRN notes are linked to inter bank transfer rates or other money market reference rates for example. My earnings are linked to the BEE share price, thats all - I never take ownership of the share.

CFDs (contract for difference) for example result in you never actually owning a share - you own a piece of paper. The price of that piece of paper (contract) is linked to the share price, and results in a difference being made based on the view you take, either long or short, and that is where profits are made. These trades are known as derivatives as their value is not derived from the asset itself (as the piece of paper is not the asset), but the underlying asset instead. CFD is slightly different (for anyone pedantic and in the financial market - before I get lambasted) but you will find the same concept in options and futures contracts as well...
Click to expand...
You've probably unwittingly explained
why the world stock market is in
such a mess.

You're under arrest.:o
 
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