Nice for shareholders but what about stakes?

Since i/we have been slightly negative towards the RA over certain subjects over the years i thought we could Perhaps help the RA with this evidence for the bargaining table this year.


Anyone know what stakes would be if they increased by 5000% from 2002?





Essentially what the slide shows:



1. If you purchased shares at 60c in 2002 and

2. you reinvested all your dividends received at the time and bought shares at the at the prevailing market price

3. then the effective share value of the 60c shares you purchased in 2002 today would be R30

4. that’s a 5000% total return in just over 10 years



not wanting to stir but might be useful for owners when “negotiating” the increased stakes this year….

I only have stakes from 2003 to 2012
2003 (R111,680)
2012 (R165,149)

48% increase - surely owners deserve more? the argument will come back that they get 30 something % of whats above back through the RA / Trust structure but the stakes figure is the stakes figure and to my mind that accounts for 99% of what we get back.

Like Rob I'm not looking to stir but I do think that all things considered owners deserve a much larger pick up in stakes this year and trust the RA will be fighting hard for it.

another question,do you think the take out is too much if the dividends are so good?

Well it's really a question of what the punter is prepared to pay and they seem ok with it. That said "choice" is very limited.

hibby it seem you have the magic show so how about you show just how bad these phumelela is for owner by show the amount of dividend pay versus the amount in stake increase. i think many boys get the nasty surprise

Flash

The dividend has grown more than 600% from 2003 to 2013 from 12.5c per share (2003) up to 88c per share (2013)
Stakes, as per above, have grown 48% from 2003 to 2012, I don't have 2013 numbers

@teamwildracing Wrote:

---

> Flash
>
> The dividend has grown more than 600% from 2003 to
> 2013 from 12.5c per share (2003) up to 88c per
> share (2013)
> Stakes, as per above, have grown 48% from 2003 to
> 2012, I don't have 2013 numbers

charles re you now the saying about damn lies and statistics no? any number monkey (accountant) can make figures tell the many stories normally what they want you to here. what i ask in rand for rand is dividends paid vs increased stakes and total stakes. i think very many surprises will come out

P couldn't care about us they make enough money off the Soccer and overseas racing to worry about our local racing. :X

Flash you crack me up... sorry here are the numbers not the percentages...

Dividends paid 2003 = 9,238,704
Dividends paid 2012 = 57,445,997
Dividends paid 2013 = 67,849,660

Stakes paid 2003 = 111,680
Stakes paid 2012 = 165,149
Stakes paid 2013 = ?

Happy Flash ?

so the greek maths say to me the stakes is up around 45% from 2003 to 2012. the percentage of dividend vs stakes is the alarming one it go from around 8% in 2003 to the whopping 40% in 2012 all greek sums but these tell the very clear story. the owners are fools to acept this phumelela is very clear screwing the people who put the show on.

now louisg you are the big shot in the trainer body i hope these is item no.1 on your agenda when you talk to phumelela dont cry about merit rate 65 cry about why the stakes is no keep up with the dividends. you trainers need to fight for the owners by do that you fight for your self. dont be fool by the circus act of 250k maiden race only 2 in the year if you do the sums the maiden plate is around 160k if it match the dividend payout. some times i think you trainer are fast asleep

I actually thought the RA were there to fight for the owners....:S but it seems its more important for them to be involved in that jockey's challenge...(td)

The subject being discussed now is just a post mortum on the decision to list the company. The reality of any listed entity is that it must return a PROFIT, everyone knew this and still knows it. I dable on the stock exchange and only chase the shares i think can grow ahead of the market, this is nothing new.

Have the stakes increased in line with the dividends/profit and can anyone address/correct the situation? P is a bit like Eskom, they will make profit to a point and then invest in infrastructure and pay bonuses to maintain future growth instead of increasing stakes. You will probably find that an increase in stakes does not immidiately have an increase on the betting pools but more soccer bets and increased exotic bets on horseracing as well as more overseas offerings does.

Increased stakes makes owners happy but increased betting opportunities for punters drives turnover, what would you do?

Just my opinion, i am not an expert and neither do i agree with what/how they do it which is why i do not have shares.

It would be interesting to see who in the racing fraternity bought large amounts of shares upon listing, i can tell you now they were not "punters", i.e. not owners.