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Ok Jedster...Im going to sleep now....gave SEE a look at.....and we managed to post about half the number they did....so I suggest based purely on number of postings....half of what you want to invest with SEE should be invested here....with EUZ.
Thanks for twisting the knife Brix - I used to stand on the terraces at Bramall Lane when I was a student. Didn't think we'd beat Liverpool yesterday but when 1-0 up dared to dream.
We’ll Sheds....if you look at the top 6 teams in the Premier League standings of today...only 1 team would have been on everybody’s list.....that one team is LIVERPOOL..... so plenty of hope here at EUZ....we could be in the premier league sooner than we think.
Nothing wrong with top slicing / de-risking, call it what you will but if it works to an individuals benefit then well played. In a way we're all traders buying equities in the expectation that they will eventually be worth more than we paid for them. As things stand my EUZ shares on average are worth less than I paid for them so my favourite stock has yet to deliver for me. To put it in perspective if I'd sunk my accumalative outlay on EUZ into NCYT at the point I bought that stock I'd now be a multi millionaire, other stocks in my portfolio that I'm dubious about are going well, others not. Conclusion, I'm no investing genius but I reckon EUZ is a gem about to shine.
Not blaming my slicing for non-hold of rises, I hope. Only have £31k, can hardly influence.
However, when you slice then buyback cheaper, you may actually reduce your initial investment value; figures eh?
Maybe the long awaited slingshot is finally upon us :) seriously though as many posters have correctly pointed out we need to start holding these rises. Probably inevitable that if we do get a rapid rise we'll over shoot to an extent but perhaps we'll find a higher bottom afterwards. Looking at the recent low of 7.75p that is an improvement on 0.01p odd money or the brief 5p immediately after the placing.
Yes...my son in law and my brothers hold a fair amount. I have a colleague at work who bought about half a million on LSE.
We'll see, Bricks. Would love to have 50k, but as I am only 26 years old, quite large portion of my money I am risking. Quite happy I could average down to R4.20. Now it's just a waiting game. Keep well.
That’s a fair holding Michael. A ten bagger from here and you have made yourself a good profit. GL.
Brikz didn't you tell me you have a colleague who was trying to top your holding? If they do get really short maybe they'll have to move some more over from the LSE and people are already reporting that it is hard to buy here. Perhaps the spring really is tightening, Banker start limbering up :)
Bricks, I know it is not much, but I have 42k shares. Regards
Chri5p...that is possible I guess as you personally have about 25% of the total SA market :-) So with my large stake and African Pioneer I guess we close to the limit of what JSE can hold ?
Just to clarify...Bara has an office in UK and in SA. Their SA office is in PE
BricksSA the shares went up much higher in SA than on the LSE and made be a big investor got in touch with LR to say I want to take a stake but the secondary market will not let me?
Thanks, Bricks. That is somewhat reassuring. Appreciate the response. Regards
And lastly Bara is based in Port Elizabeth if I remember correctly. LR has spent a bit of time in SA and I’m sure a few key industry players are aware of the great resource and what is being done. News is RNSd or Sensd as they call it in SA on the JSE as well so no need to worry about the marketing aspect imo. Best D
Part two Michael..... 4,553,438 EUZ shares has been allocated to JSE ....so do the maths.
I am not aware of any marketing taking place in SA although African Pioneer used to hold a large portion in the old days. Colin Bird got them involved. DB will have their shares on LSE not on JSE. Trust this helps. GL.
JSE normally follow LSE...what’s currently happening on JSE is totally out of kilter with the norm. Looks like someone is shorting on JSE and they are going to get their fingers burnt big time imo. The price of R2 is a gift at the moment. Normal exchange rates apply and 11.25 pence is equal to R2.37. Just under 10% of EUZ stock has been allocated to JSE. I have the exact amount somewhere and no ways with the number of trades done over the past few months does it equal this. I have a suspicion a lot more has been traded. Hence my observation someone will be crying very soon as this could easily double in the next few days imo.
Hi Bricks. Can you perhaps explain to me how the pricing works on the JSE? Does it follow the LSE or not? Is there a scenario where the LSE price for example goes to 30p and the JSE price stays at R2.50? Is there any marketing of EUZ taking place in SA, or how are investors pulled to investing in EUZ on the JSE? Also, if DBA for example invested in EUZ, did they also purchase shares on the JSE or only on the LSE? Kind regards
Thanks Jedster....Good luck with SEE punt but I tend to enjoy researching prior to a punt.
Hi Bricks, hope your well. I have a small investment in SEE only £500 but looks like a multi bag by todays exciting chat. Just wanted to share some blind love, which may be good to see!!!!
Would love EUZ to multi bag to but looks like we will be waiting a while!!!