Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
MACQUARIE like I said, supported after the f up at around 160/180 range but now sellers on the offer and buyers about 5% below the sp so they can provide support again. There just getting there money back (plus profit) anyway now that's out the way onwards and upwards. Done well in a poor mkt the last few days
Once again, were on the up and MACQ are the lowest on the bid with 10k shares twice today! they had 5k on at 215 @ yesterdays close, this morning they reloaded to 10k @ 215, that was taken out and they then reloaded 10k at 218.75. surly after imbarrasing themselves with a decimal error (yes decimal point error) they would want it back at 226 the IPO price.
Anyone else noticed that MACQ were the ones who messed the IPO up and are always the lowest offer on level 2. The messed up and are now the sellers. Odd one if you ask me! Any how.....
yes, i would suspect a rise into and after the RNS detailing this
News flow due over the next week or so!
Tax; You have 2 choices, whether the divi is taken as income or capital. If you are a higher rate tax payer then a capital gain is cheaper. You can gain upto 11k this tax year before any charge is applied. This can be completely avoided by holding the shares in an ISA. The income option deducts 10% direct at source so would leave nothing payable for standard rate tax payers and give a total liability of 32.5% for higher rate and 37.5% for additional where as cap gain is 28% for higher. So what im saying is it depends on your other buys and sells this year and how much of your allowance has been used. However if your gain is under 11k and you havent used your allowance this year no matter your tax band the capital return option is the cheapest. But if your a std rate payer and have used your 11k then income is cheapest.
There is still 20% in this, i recommend viewing the trend of other IPOs handled by the same investment bankers.... Safestyle SFES, Conviviality CRVC and DX Group DXDX
It was priced to go where it was and I was expecting 10%. That said this now works one of 2 ways.... It gets back to 226.00 and due to the added publicity and the fact it's a sound company bring a new round of investors. It gets back to 226.00 and the buy orders that were placed pre trade got filled much lower down and there is nothing left to push them on. Either way I don't believe MCQ will let it stay or retrace 226.00. As they have been the butt of all jokes today after getting the decimal place wrong. Doh. Good balance sheet this one guys also some good names involved as we all know, after this weeks trading we will have a better idea but my thoughts are 3quid by Xmas probably 260.00 in the short term. You may see it stick around 230 for a while. There will be a few sellers at that level
He won't like losing money.... But he got them pre ipo at 1.45 per share. Oh to be that wanted as an investor lol. Apparently he's on board to sell old top shop stock. There big presence in Australasia means he can sell end of season leftovers in the other hemisphere. He gets all seasons all year. Smart move.
Same value but all our trading software needs the decimal in the right place, looks at FTSE 100, all quoted in pence.... so when i put my limit buys/sells in, the computer doesnt recognised the level. Software actually picked it up as 2.26p and sold asif it had gone from 226.00p all the way to 2.26p
MACQ f$*%ed up the price, the decimal is wrong, when the mkt opened no buy orders were placed and a huge seller got out of the position, meaning 20% discount to IPO. To say im ****ed off is an understatement, the price should be fair. Someone deserves the sack. Alot of BIG BIG retail sector names involved here so i have every faith this will do well. DT