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How will the Vodacom Yebo Yethu trading platform work
The Vodacom Yebo Yethu shares paid back about 100% for investors who sold their BBBEE shares on the first day of trading. There are signs that the investment still has some legs for those who are holding on to their shares and those who are entering now.The Yebo Yethu BBBEE shares opened for trading yesterday after initial investors were locked in for five years. At inception investors paid in about R25 per Yebo Yethu shares.
With the Yebo Yethu share touching a high of R5 and a low of R40 yesterday, the initial investors who sold yesterday realised a minimum gain of 75%. There were about 590 trades on the day.The share ended the day at R40.10 reflecting a huge discount to its presumed net asset value. Here is how the Yebo Yethu Hiw is to be traded from the 3 rd of February 2014.Trading Launch Date3 February 2014The Trading PlatformThe Yebo Yethu shares are set to be traded on an over-the-counter (OTC) platform ran by Equity Express.
Individual results will vary. The Transaction Platform which can be accessed via a call centre or website provides shareholders with trading, custody and settlement services.YeboYethu shares may also be held, traded or transferred using the YeboYethu Own-Broker Process, or the YeboYethu Off-Market Transfers Process.For more information on how to Transact in your shares please read the Shareholder Education.For more information on YeboYethu please visit the YeboYethu website by clicking here.For the YeboYethu Interim Financial Statements for the six months ended 30 September 2015 please click here.For more information on the YeboScottrade rtading developed industry-standard tools over the last three decades.
Given its sterling reputation and decades worth of experience, Scottrade customers are Voeacom great hands. TD Ameritrade creates a powerful experience for new and experienced traders alike. This online discount brokerage offers award-winning analytic software and advanced web-based trading platforms for its pkatform making it one of the most comprehensive brokerages out there. Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know.
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