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Just a quick take on the AGM yesterday. The AGM took place in a restaurant in Randburg, not really a conferencing setting, not well attended I would say. The place was noisy, restaurant staff moving and chatting, trucks passing by, one could hardly hear the topics discussed & answers given (1st half). Quite poor from my perspective. We could have even used one of their school halls to be honest, with a microphone and a speaker, they are a start up after all. No need to go fancy, but the quality could have been better. Questions asked for for me were not answered in a satisfactory and comforting manner. Issues of liquidity for example, as stated in the reports that the “going concern” topic is an issue.....Management + Directors could not answer how long the company will be able to go on with the cash they have in the bank or that they generate. In my books they are in over their heads. Concerning to me me was also the topic of the suspension, Management and directors do not know when the suspension will be lifted. When I called last week, I was told this any time this week, but did not happen. Why concerning ? Well the CEO indicated they are not able to continue with the schools expansions due to the fact that they cannot raise capital as a result of this suspension. Then they shift the blame....it’s up to the JSE when the suspension will be lifted. They further more placed the blame on the previous Finance person that they appointed for the delay in results, trying to give comfort with the fact that the person is no longer with the company. In my books they didn’t take accountability at all. In in terms of regulatory understanding....zero....willingness to get up to speed, I did not see it. Shareholders in this company are taken for ****. Rookie mistakes point me to this conclusion. PEM is a great idea, with potential but being run by incapable management. I will salvage what I can if trading resumes....much more better opportunities in the market. One cent is coming for this one. Too many wrongs and they don’t know how to fix it and not willing to get help to do so.

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Hi All, Anyone can recommend a provider that could debit order my clients for cheap? I provide a monthly service that is billed at the same amount per month, but my clients does not pay me, I would like to setup a debit order to minimise my admin time. Any ideas?

By way of an update market is now talking Block chain 3.0 some interesting startups in the space Stackr (https://www.gostackr.com/) What happens to your Crypto when you die ??? Stackr allows you to designate beneficiaries to receive your assets without going through a possibly lengthy and expensive probate process and estate taxes. In many jurisdictions, moving assets between crypto and traditional investments can trigger unnecessary taxable events. Stackr can be isolated from such events due to the trust structure, which means that it is only when you really need your money and remove it from the trust that you might pay any tax. Stackr is a secure long-term crypto and US$ savings solution that cuts out the middleman. Combining traditional finance with modern-day financial technology & expertise has enabled Stackr to pioneer this innovative, secure and flexible savings solution for the blockchain community. (These are South Africans that run a very cool shop !) Celsius Network (https://celsius.network/) Celsius is banking on the blockchain. Its borrowing and lending platform will allow users to earn up to 5% interest on their crypto while taking loans at 9% interest, using their crypto as collateral. Celsius Network’s goal is to bring the next 100 million people into crypto, ultimately becoming the first killer app in the space. Risky or not, this is one to keep an eye on. This FinTech startup is primed to disrupt traditional banking. Gameflip (https://gameflip.com/flp) is an online marketplace backed by Silicon Valley venture capital. It allows gamers to transact any type of digital goods, and currently has 3 million members. After successfully hitting its token-sale hard cap, the FLP utility token can now be used to transact digital goods within the Gameflip marketplace. In the coming months, pilot program partners and publishers will begin integrating the Gameflip SDK, which will enable the transactions of approved in-game goods via the Blockchain. (Basically trading gaming stuff...wow) ADBIT The ADBIT token will be the core function of CIINCH Media Marketplace, the world’s first blockchain-powered media planning and buying platform for traditional media (print, TV, radio and out-of-home) assets. CIINCH and ADBIT were created to help automate the multiple layers of manual processes that currently plague the industry. Traditional media has failed to innovate and adapt to the current state of our age. Highly fragmented and operating on legacy software developed in the 1990's, ADBIT and CIINCH aim to bring these processes into the present. (Here we are trading media space....trade everything !!! )

I use Standard Bank Online Share Trading. It's a bit expensive but the resources and graphing software is second to none. I'm very happy with it. Some features of the R160 per month Viewpoint package: Live prices (no delay) always. Specialist graphing software with all the indicators built in (see an example screen capture below) Instant one-click buy and sell. Research, fundamental analysis and professional opinions. Live SENS news feed. And that's just the beginning!

Bank Zero announced it has been integrated with the national payments system of the South African Reserve Bank (SARB) and is set to begin trial runs in preparation for the launch of its banking platform. The bank’s CFO, Liné Wiid, said that settling directly with the SARB rather than through a sponsoring bank allows Bank Zero to control its own payments value chain and nurture a “savings culture”. “Creating a savings culture means shifting mindsets from ‘I want a car; I want expensive credit now’ to ‘I have a savings goal; I’ll buy a car later’,” Wiid said. Bank Zero CEO Yatin Narsai said that this alpha testing milestone is a major achievement, with most institutions investing billions simply to reach this stage. The bank’s Alpha testing phase will see a small team validating the bank’s end-to-end live systems and processes. Bank Zero said its approach to building a bank uses precise, “laboratory-style testing” and focuses on a number of key areas. These focus areas include building an integrated banking app, testing customer experience and on-boarding, completing disaster recovery tests, and complying with all regulatory reporting as required by the SARB. A new generation of bank card Bank Zero also announced it has collaborated with Mastercard to develop a “new generation of card” aimed at providing cutting-edge security and powerful, unique features. “We are excited to be partnering with Bank Zero in driving payment innovation while catering to the evolving needs of today’s connected, increasingly mobile and digital customers,” said Mastercard South Africa division president Mark Elliott. Mastercard added that it will provide the latest security protocols to protect Bank Zero customers from fraud and identity theft. The bank also announced it has partnered with IBM to implement enterprise-grade security on its servers, although it noted that it leverages a hybrid cloud model to deliver flexibility. “Building a bank is hard work; building an innovative bank is exponentially harder,” said Bank Zero co-founder and chairman Michael Jordaan. Bank Zero will begin beta testing during the first quarter of 2019 and expects public operations to begin around mid-2019. Source: Mybroadband

What was their screw up? The thrive thing is very annoying though...

@Purply and @Groovy do you guys think we are heading into a official bear market on the JSE?

I've got a Charge HR 2 and I love it, the data is great. I've got it set up to sync my workout data to Toggl as well which is nifty, info here if anyone is interested https://jcpretorius.com/post/2018/automatically-sync-fitbit-workouts-to-toggl

A Star is Born 8.5/10 I might be biased as I adore Lady Gaga, however I have spoken to three other people who also concur it's an Oscar worthy movie. It's been done and redone but this modern twist doesn't take away anything from the soundness or entirety of the film. It's a goosebump giving, hard punching story addressing relevant issues. A beautiful story, I loved it.

Lentil your stop loss will let you know

Any idea what is next with Long 4 Life? Do they have any mergers in the pipeline?

Forum has been upgraded.

A TFSA is more for the long term and I think a lot of the older generations are too old to take advantage of this. Also because if your TFSA is with equities, it is a lot riskier and most people cannot take on such a risk. Furthermore, a TFSA is useless if you’re just going to be putting cash into it (if it’s a bank account with your bank)and trying to earn interest. This is because they normally offer low interest (5-6%) which could be outrun by inflation- meaning that you’re actually losing money. Also, you already get tax exemptions of up to R23 800 or so on interest per year anyways and I doubt the majority of people have enough cash to earn this much interest. In order to take full advantage of a TFSA, you should have one with a unit trust provider or stock broker. Your gains and Dividends will then be tax free and this could lead to extremely large savings. (Feel free to correct me if I’m wrong) So I’d say be happy that your bank don’t provide one because this allows you to open up a TFSA with a different broker.

I cannot find the twitter account of Anthony Clark anymore?

I like L4L, i just don't have them in my portfolio, very tempting at current levels. The share didn't react positively to the RAGE acquisition news , comments like "Joffe overpaid for Rage" came out of some market commentators mouths. Only time will tell whether he did or didn't.

I'm with SA Home Loans. Paying 10.1% at the moment. I tried ABSA and Standard Bank (my own bank) but neither were interested in giving me a home loan since my wife has her own business and is not salaried. FNB refused as well saying they only do home loans for clients. Nedbank and SA Home Loans made me an offer but SA Home loans had the better interest rate, so I went with them.

A paid off car is the best type of car...

You get the tax benefit for anything that happens inside you TFSA account whether it dividend tax on shares or interest on money. Whether or not you gain any interest on the money in your account depends on the provider though.

Check it out.

I like Blue Label, they are in the lower end of the market. They have businesses in Mexico and India not yet profitable but could make a fortune there. The CellC deal could make or break them, and the "black" ownership requirement could be problematic. I have some and prefer them to Vodacom. MTN has too many problems. I have 4.5% of my portfolio in them so i am prepared for an interesting ride.

Just bought into Blue Label

as long as you comply with companies act and listing requirements the JSE is happy. Ethics are in the eye of the beholder (Some will say BTI shouldn't be listed as their product kills), not the JSE

This forum offers real value. Brilliant job Admin. I will share it with friends and family.

There is an index, found this on the JSE SIte: Though I haven't figured out yet how to invest in it... Source: https://www.jse.co.za/services/market-data/indices/socially-responsible-investment-index