Monday, January 8, 2007

JSE higher on resources

JSE higher on resources
The all share index closed 0.62% stronger. The all share industrial index inched 0.11% higher.

There are 2 trades I am busy with. PPC and BAW. Mostly because of the big dividends and support for BAW with the unbundled of PPC out of BAW. However I think a better strategy of shorting PPC while going long on BAW would have been better.
PPC ended the day up 0.01% while BAW ended down by 1.62% (going ex dividend)
PPC












BAW












Had some problems with the moving of my PPC and BAW share instalments from my normal trading portfolio to my Warrant portfolio. This is to reduce trading cost. I also need to make sure I get the full dividend as the only payed me the special of PPC and not the normal dividend as well.

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