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So regarding the new NewFunds Volatility Managed ETFs (I might be a bit late to the party):   NFEDEF - Defensive http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/Volatilit

Hi there. I'm writing a story on Taste Holdings for Financial Mail. Does anyone on the site still hold shares in the group? Would love to know if any of you plan to follow through on your rights

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!  

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From Twitter:

 

If #Sagarmatha manages to pull off #SouthAfrica first #ecommerce #IPO, @lootcoza will give @TAKEALOT a serious run for their money and has the potential of dominating local #ecommerce market.

 

Yeah, not touching this. You've got a ridiculous valuation and a Zupta linked executive involved.

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But in the e-commerce space these guys are pretty big?

 

Loot ran quite a successful Black Friday campaign, surely some room there to take on the loss making takealot?

 

Loot isn't nearly as big as people think. Hopefully one day they are and can be a real Takealot competitor (all things considered). They're one of my favourite online stores but definitely not the "Amazon of South Africa"

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Consumer packaging company Libstar to list on the JSE

 

Consumer packaged goods company Libstar has announced its intention to float on the main of board of the JSE.

 

The company, which was built up over 12 years and has a revenue of R8.8 billion, specialises in the consumer packaged goods (CPG) sector and expects to list in the Food Products sector of the JSE.

 

Company CEO and co-founder Andries van Rensburg, said the capital raised from the listing would be used to support Libstar’s growth prospects and to enable further investment in its product categories and manufacturing facilities.

 

Libstar has 27 business units across South Africa and has seven product categories and three product offerings, which are manufactured, marketed and sold across four sales channels, namely retail and wholesale, industrial, food service industry and exports.

 

The seven product categories include perishables, ambient groceries, baking, snacks and confectionaries, beverages, personal care products and specialised food packaging.

 

Some of the well-known brands associated with the Libstar Licensed brand include Robertsons, Weigh-Less, Goldcrest and Safari.

 

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Companies and DealsConsumer packaging company Libstar to list on the JSE

 

The company hopes the listing will enable more international investment.

 

Aarti Bhana  /  9 April 2018 18:25     No comments so far

 

Consumer packaged goods company Libstar has announced its intention to float on the main of board of the JSE.

 

The company, which was built up over 12 years and has a revenue of R8.8 billion, specialises in the consumer packaged goods (CPG) sector and expects to list in the Food Products sector of the JSE.

 

Company CEO and co-founder Andries van Rensburg, said the capital raised from the listing would be used to support Libstar’s growth prospects and to enable further investment in its product categories and manufacturing facilities.

 

Libstar has 27 business units across South Africa and has seven product categories and three product offerings, which are manufactured, marketed and sold across four sales channels, namely retail and wholesale, industrial, food service industry and exports.

 

The seven product categories include perishables, ambient groceries, baking, snacks and confectionaries, beverages, personal care products and specialised food packaging.

 

Some of the well-known brands associated with the Libstar Licensed brand include Robertsons, Weigh-Less, Goldcrest and Safari. 

 

Source: Libstar

 

The company has three existing shareholders, the biggest is Dubai-based Abraaj, with a 70.93% stake. The other two are the Public Investment Corporation and Libstar Management, with 19.36% and 9.71% stakes respectively.

 

Libstar’s intention to list comes from its desire to expand capacities and create additional capabilities in its existing production facilities. The company also said through this listing, it wants to encourage more investment in the current business unit for improvement in its margins and to enable more organic growth in the company. Libstar also wants to use the JSE’s platform to enable more international investment.

 

Libstar has reported an ongoing increase in profits and growth.

 

In the 2014 financial year, revenue was at R4.75 billion, which grew to R8.8 billion in the 2017 financial year. Essentially, a compound annual growth rate of 23%.

 

Libstar has an initial target dividend payout ratio of 30% to 40% of “pro-forma profit after tax”. According to the statement, dividends will be decided by the board and will be a function of the profitability of growth opportunities available to the company’s strategy.

 

The listing is yet to be approved by the JSE

 

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In my case why I won't touch them is because they are riddled in corruption and inflated asset prices.

 

Are they also in the Financial Accounting Gymnastics as well? Business Day is punting Libstar, IPO I will skip at this stage....we are likely to overpay due the the hype being created even before a prospectus is issued.

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In my case why I won't touch them is because they are riddled in corruption and inflated asset prices.

 

https://www.bloomberg.com/news/articles/2018-05-04/libstar-sells-shares-in-johannesburg-at-bottom-of-price-range

 

I guess the market has spoken....bottom of the price range...is quite telling. Lets see if further declines come after listing, hopefully no skeletons in the closet Ranger too many these days. Please burn all files you might have on corruption and accounting gymnastics 

:P

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On 1/4/2019 at 4:50 PM, Business Writer said:

Hi there. I'm writing a story on Taste Holdings for Financial Mail. Does anyone on the site still hold shares in the group?

Would love to know if any of you plan to follow through on your rights in the latest rights offer.

 

I still have shares in Taste Holdings, down 90% so I really do not care anymore, I practically wrote it off as school fees.

 

I won't follow the rights offer, I do not fully understand what the consequences of that will be.

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So regarding the new NewFunds Volatility Managed ETFs (I might be a bit late to the party):

 

NFEDEF - Defensive

http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedDefensiveEquityETF/Pages/default.aspx

 

NFEMOD - Moderate Equity

http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedModerateEquityETF/Pages/default.aspx

 

NFEHGE - High Growth Equity

http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedHighGrowthEquityETF/Pages/default.aspx

 

Sounds "cool" but looking at the annualised returns over 5 years (NFEDEF: 5.1%, NFEMOD: 6.8%, NFEHGE: 6.2%) I have to ask myself why I wouldn't play it save with a 32 day account at 6.95% or any of the various other guaranteed return vehicles offering better returns ?

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50 minutes ago, SaurusDNA said:

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!   :classic_biggrin:


I assume Naspers' shares will go down now as Multichoice moves off its books or does that not effect share price?

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3 hours ago, Bandit said:

 

Sounds "cool" but looking at the annualised returns over 5 years (NFEDEF: 5.1%, NFEMOD: 6.8%, NFEHGE: 6.2%) I have to ask myself why I wouldn't play it save with a 32 day account at 6.95% or any of the various other guaranteed return vehicles offering better returns ?

 

 

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...  :classic_huh:

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3 hours ago, LentilSoup said:


I assume Naspers' shares will go down now as Multichoice moves off its books or does that not effect share price?

 

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.

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