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New Gold ETF Listing
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Pesa Nane
#1 Posted : Thursday, March 23, 2017 10:52:14 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
New Gold ETF Prospectus
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#2 Posted : Thursday, March 23, 2017 10:59:24 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Number of Units to be listed
The directors of NewGold Issuer Limited shall initially seek to list 400 000 Gold Bullion Debentures on the Nairobi Securities Exchange (being all the issued Gold Bullion Debentures). Following the initial listing, the directors of NewGold Issuer Limited may list additional Gold Bullion Debentures in line with demand and subject to all applicable laws
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#3 Posted : Thursday, March 23, 2017 11:02:01 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Proposed timetable of the principal events for the secondary listing

Date of publication the Supplemental Prospectus (“the Publication Date”) - 24 March 2017

Pre-listing road-show - 20 March 2017 to 24 March 2017

Listing Date/ 1st day of trading - 27 March 2017, this will be two days after the Publication Date
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#4 Posted : Thursday, March 23, 2017 11:06:00 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Pricing of NewGold’s listed securities
ETF’s are based on the real time value of the underlying asset they track. The NewGold ETF to be traded on the Nairobi Securities Exchange will be KES denominated, so the NewGold ETF price will be based
on the KES equivalent of the prevailing market price of gold. Price movement of the ETF will be determined by the price movement of gold. The Issuer will publish by 09:00 HRS (South African Time) on each trading day the previous day’s closing price of the ETF on the JSE in South African Rand, being reflective of the price of gold in international markets for that day on
<http://etfcib.absa.co.za/Products/Exchange%20Traded%20Funds/Commodities/NewGold/Pages/default
.aspx>

There will accordingly be no intra-day price limit on the ETF and there will not be price limits between trading sessions.

Each security references approximately 1/100 troy ounces of gold bullion.

For example to determine the price of the debenture on any given trade date, we do the following:

– The reference quantity (Allocation Factor) for 1 debenture = 1/96.924234 troy ounce

– Therefore the value of 1 NewGold ETF security would be calculated as follows:

o 1/100*0.95221565 (allocation factor) * $1190.00(gold price)* 103.70 (USD/KES) = KES 1175

On the listing date – the same components will be used to determine the security value but will be based
on the real time spot values of the gold price and the spot price of the KES on the day.
Pesa Nane plans to be shilingi when he grows up.
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Horton
#5 Posted : Thursday, March 23, 2017 3:32:38 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
according to prospectus, one of the risks are USD:ZAR:KES, ZAR is highly volatile, but with current Au prices, can possibly make a tidy sum on the long term.
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hisah
#6 Posted : Thursday, March 23, 2017 8:41:38 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Long term cartoon.



461% return since Nov 2004 to date!!!

Still bullish for 12 years as per the bullish trend line. Any close below that multi-year trend line will be a nasty trend reversal signal.

Update: Note that we have heavy volume that checked in on Mar 4 2016 which has stalled the bullish momentum since then. Caution on this vol spike behaviour. As per VSA or price action it's not a nice signal when vol spike appears at a new high and any other attempt to set higher prices fails after that vol spike in weeks that follow! That's a classic distribution move! Near term support is 14000 handle and major support zone is 11500 - 13000 range. Last defense lies at 10000 handle.

Happy hunting smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, March 23, 2017 8:58 PM | Reason: Not specified
twesha13
#7 Posted : Friday, March 24, 2017 9:36:49 AM
Rank: New-farer

Joined: 10/30/2016
Posts: 39
Location: nairobi
someone please explain to me what these gold backed assets are
where a woman rules, rivers run uphill!
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Fyatu
#8 Posted : Friday, March 24, 2017 9:42:46 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Pesa Nane wrote:
Quote:
Pricing of NewGold’s listed securities
ETF’s are based on the real time value of the underlying asset they track. The NewGold ETF to be traded on the Nairobi Securities Exchange will be KES denominated, so the NewGold ETF price will be based
on the KES equivalent of the prevailing market price of gold. Price movement of the ETF will be determined by the price movement of gold. The Issuer will publish by 09:00 HRS (South African Time) on each trading day the previous day’s closing price of the ETF on the JSE in South African Rand, being reflective of the price of gold in international markets for that day on
<http://etfcib.absa.co.za/Products/Exchange%20Traded%20Funds/Commodities/NewGold/Pages/default
.aspx>

There will accordingly be no intra-day price limit on the ETF and there will not be price limits between trading sessions.

Each security references approximately 1/100 troy ounces of gold bullion.

For example to determine the price of the debenture on any given trade date, we do the following:

– The reference quantity (Allocation Factor) for 1 debenture = 1/96.924234 troy ounce

– Therefore the value of 1 NewGold ETF security would be calculated as follows:

o 1/100*0.95221565 (allocation factor) * $1190.00(gold price)* 103.70 (USD/KES) = KES 1175

On the listing date – the same components will be used to determine the security value but will be based
on the real time spot values of the gold price and the spot price of the KES on the day.


@Pesanane....In layman's (Wanjiko) language,,,,how much money(minimum) do i require to buy this bullion at NSE?
Dumb money becomes dumb only when it listens to smart money
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karasinga
#9 Posted : Friday, March 24, 2017 10:10:35 AM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
Fyatu wrote:
Pesa Nane wrote:
Quote:
Pricing of NewGold’s listed securities
ETF’s are based on the real time value of the underlying asset they track. The NewGold ETF to be traded on the Nairobi Securities Exchange will be KES denominated, so the NewGold ETF price will be based
on the KES equivalent of the prevailing market price of gold. Price movement of the ETF will be determined by the price movement of gold. The Issuer will publish by 09:00 HRS (South African Time) on each trading day the previous day’s closing price of the ETF on the JSE in South African Rand, being reflective of the price of gold in international markets for that day on
<http://etfcib.absa.co.za/Products/Exchange%20Traded%20Funds/Commodities/NewGold/Pages/default
.aspx>

There will accordingly be no intra-day price limit on the ETF and there will not be price limits between trading sessions.

Each security references approximately 1/100 troy ounces of gold bullion.

For example to determine the price of the debenture on any given trade date, we do the following:

– The reference quantity (Allocation Factor) for 1 debenture = 1/96.924234 troy ounce

– Therefore the value of 1 NewGold ETF security would be calculated as follows:

o 1/100*0.95221565 (allocation factor) * $1190.00(gold price)* 103.70 (USD/KES) = KES 1175

On the listing date – the same components will be used to determine the security value but will be based
on the real time spot values of the gold price and the spot price of the KES on the day.


@Pesanane....In layman's (Wanjiko) language,,,,how much money(minimum) do i require to buy this bullion at NSE?

at least ksh 120,000/- to buy minimum traded amount of 100 units that the NSE rules have set.
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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  | | Edit by user: Friday, March 24, 2017 10:12 AM | Reason: Not specified
Angelica _ann
#10 Posted : Friday, March 24, 2017 10:15:07 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Another flop cc. Shiko amechoka
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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