Simon Shares
Simon Shares- Bond ETFs yielding ±10%. That’s chunky and they can go in a tax-free account.
- New INCOME ETF from CoreShares.
- Good local CPI number.
- MPC later today.
- What happens when load shedding ends?
Purple Group* (JSE code: PPE) rights issue.
If you held the share yesterday at close on Tuesday 23 May you will see PPEN in your account. 10.20567 for every 100 Purple shares you held.
Each PPEN (letter of allocation or LOC as some are calling it) entitles you to buy 1 new Purple share at 81c.
- You can take up that right and buy, or
- You can sell them in the market
If you do NOTHING by 6 June they disappear with ZERO value
Sanlam will take their R45m and of the R105m public offer they will take up to ±R76m of the R105m if nobody else does. Existing large shareholders have promised to take up their rights at ±R28m. So at the end of the day they will get the R105m.
Simon Brown
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Thursdays are all about hard-core investing and trading with Simon Brown’s famous JSE Direct podcast. JSE Direct started life on ClassicFM in July 2008 and became a podcast in 2011. Every week Simon shares his views on the state of global economies, individual shares and events moving markets.
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