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SaurusDNA

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Everything posted by SaurusDNA

  1. Yeah, day before yesterday was last day for trading (LDT) for the dividend payment so there has been the usual post-dividend sell-off yesterday and today. Hopefully it'll start climbing from tomorrow again.
  2. Yes, they only listed on 22 November. Still hard to find info.
  3. Here's the official JSE index codes (although Google Finance uses different ones): All share is J203 and the Top40 is J200.
  4. In my opinion, the Allan Gray Balanced fund is one of the best the market has to offer. Its performance has been nothing less than superb in that it has smashed the benchmark year after year after year: https://www.allangray.co.za/fund-pages/balanced-fund/
  5. I'm actively trading them now, but I'm also thinking about buying their shares too, but I don't feel I have enough info on them yet. Maybe a Motus thread is the way to go. Here's their performance graph since their listing on 22 November 2018:
  6. They're the Hyundai and Kia guys now, and include these dealerships. From the Rentals point of view, they run Tempest and Europcar. Here's their official website: https://www.motuscorp.co.za/
  7. They used to be part of the Imperial group, but then Imperial split, and Hyundai, Kia, Renault, Mitsubishi is now called Motus.
  8. While there is certainly merit to the argument that on average, in the long run, passive investments perform at least as well as, if not better, than actively managed investments, the funds in which Momentum has invested your money (ie. Allan Gray, Coronation, Investec etc) have had phenomenal performance since their inception, and they are certainly not just your average actively managed funds. These funds are among the best South Africa has to offer with returns beating the benchmark year after year. Also remember that offshore has its (important) cons as well as its merits. Whil
  9. Me too! I'm just waiting to see if they go up or down. I'm not keen on a long term investment in Multichoice (MCG) but it might be good for trading (either long or short) in the next few days as it may experience quite a bit of movement while the market decides. The CFDs have a reasonable gearing of roughly 6.5 times.
  10. Yes, my Naspers shares are down R1141 since this morning and my new Multichoice shares are worth R1092, so they've pretty much balanced each other out exactly.
  11. I agree. The returns on these have been worse than a simple savings account. I can't imagine the appeal or why anyone might consider buying these. At least with their Newfunds Traci 3 month ETF you know what you're going to get, and at almost zero risk. These have worse returns but with risk. I don't get it...
  12. Well, I got my 10 free Multichoice shares today (due to the unbundling of Multichoice from Naspers). Nice when shares just appear in your account out of the blue!
  13. That is a most interesting observation. I have posted up the graph of STXEMG vs the JSE All-share index below. The correlation is clear to see and the difference in growth between the two is 10%!
  14. I'm trying to figure out why the Motus (MTH) share price keeps dropping. Their "fair value" is considered to be around R95 per share, their fundamentals are good, a forward P/E of around 7 and an expected dividend yield of 4.2%. They are the sole importers of Hyundai, Kia, Renault, Mitsubishi with massive growth potential. They're currently only at R78 per share. They started out very well but the last months has seen them lose almost 30% in just over a month. ? Well, they're at the support level now, so I'm seriously hoping they don't drop any further...
  15. I guess the annual limits of Tax free investment accounts will remain at R33000 for the third year in a row then... ?
  16. And don't forget tax-bracket creep! This one is the silent unnoticed killers that they've been doing for the past few years. I don't know how they're going to manage the Eskom issue - if they bail out Eskom, we get the final ratings downgrade to junk by Moody's. If they don't, Eskom will be bankrupt by April. Things that I think will be strategically omitted from the speech (but really hope he does address): Tax free investment account annual and lifetime limit increases. How they're going to fund free education. How they're going to fund the e-tolls i
  17. Coincidentally, Standard Bank actually published a research report on Discovery yesterday (19 February 2019). They give DSY a current SELL recommendation based on a spot valuation of R116 and a 12-month target price of R132.
  18. This whole discussion is academic, of course. Every person's financial situation is different and what suits one person may not suit another. I'm not so sure that I agree with you with regards to the pensions and RAs being all RSA though. Most pensions and RA plans have 30% directly offshore, and the 70% that is left is usually market capped, so your Naspers etc. weigh heavily with quite a lot of indirect offshore exposure, bringing the actual offshore exposure closer 50%.
  19. In light of the above, I have changed my target TFIA ETF ratios to be 60% local and 40% foreign indices and my new target TFIA portfolio looks as follows: LOCAL (60%): Local equities: CTOP50: 10% DIVTRX: 10% NFEMOM: 10% STXQUA: 10% Local property: PTXTEN: 20% FOREIGN (40%): Foreign equities: ASHGEQ: 7.5% GLODIV: 7.5% STXEMG: 7.5% SYG4IR: 7.5% Foreign property: GLPROP: 10%
  20. For a while now I've been asking the question: "What percentage of my TFIA ETFs should be in 'foreign' indices?" Some people will immediately say "Put everything in foreign indices - the Rand is going to collapse or South Africa is going to be downgraded to junk" etc. And yet, the experts will typically tell you to put only 30% to 40% in foreign ETFs and the rest in local indices. So I've done a ton of study to find out why and the results surprised me - so much so that I have now changed the desired weightings of my TFIA ETF portfolio to allocate a greater percentage to local ETFs
  21. Here's an excellent series of reviews on each of the property ETFs if you want some bedtime reading: Property ETF Series Part 1: CoreShares Proptrax SAPY Property ETF Series Part 2: CoreShares Proptrax Ten Property ETF Series Part 3: CoreShares S&P Global Property Property ETF Series Part 4: Satrix Property Property ETF Series Part 5: STANLIB SA Property ETF Property ETF Series Part 6: Sygnia Itrix Global Property ETF Note though that the long-term historic yields are not really applicable at the moment since the current yields have more tha
  22. That's a good list. I particularly like CML and SHP for 2019. For community picks - I'd like to add Dis-Chem (JSE:DCP) and Discovery (JSE:DSY) to the list.
  23. Global property returns are always significantly less than local property returns (see table below). Since property ETFs are supposed to primarily produce income, I'd automatically remove GLPROP and SYGP from the list (these two I'd add if you specifically want diversification in the global section of your portfolio, but as an income earner main property ETF, the returns on these two aren't great compared to local property, even taking into account the average annual 4% Rand depreciation. ie. even with the 4% annual drop in the Rand taken into account, these indices consistently perform at rou
  24. My Reasons for my strategy: Local vs global: First, my thoughts on local vs global ETFs. For the last 20 odd-years, the Rand has averaged a depreciation against the Dollar of roughly -4% per year. The S&P500 has had roughly 6.8% growth, thus giving a total return of roughly 11% (including Rand effects) by investing offshore. The JSE, on the other hand, has performed at over 15% per annum for this period. Global returns are generally lower than local returns because inflation is lower globally than in RSA. Thus, even with the dropping Rand, local returns historically still trump
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