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Showing content with the highest reputation since 02/22/2018 in Posts

  1. 5 points
    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.
  2. 2 points
    Yes, I see it closed at 20c but really its going to be up and down for a couple weeks with people frantically selling and then others buying... interested to see how it fairs in Q1 2019.
  3. 2 points
    R1mil for Larry Nestadt is pocket change he pays the parking attendant. He is probably neck deep in BLT since pre-listing
  4. 2 points
    All the other banks breathed a sigh of relief. Apparently whites hold all the money in SA and after that I'm sure most won't rush to open an account. Funny thing though: there is white outrage (and f*cking rightly so) on Twitter but I do not see blacks taking joy in it or slamming the whites for being "racist" etc. Anyway, I just finished moving my life insurance to them not too long ago but in the past I've felt like moving my medical aid away from them. Won't do any knee jerk reaction but the case for exploring alternatives is much stronger than before where Discovery was seen as the defacto standard. Deep inside me I feel "filthy" knowing I'm helping to fund a company with racist policies - whether those policies come from a place of them trying to do something good or just a political cheapshot (bets on getting more black customers and get the whites anyway despite their outrage).
  5. 2 points
    I have it on VERY good authority that Bidorbuy's link will be: http://bidorbuy.co.za/dotw/11411/BlackFriday
  6. 2 points
    PEM 201811050039A Results of the Annual General Meeting ("AGM") and Change to the Board PEMBURY LIFESTYLE GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/205899/06) (“PL Group” or “the Company”) ISIN Code: ZAE000222949 JSE Code: PEM RESULTS OF ANNUAL GENERAL MEETING (“AGM”) AND CHANGE TO THE BOARD Shareholders are advised that the Company’s AGM was held on Thursday, 1 November 2018. Details of the results of voting were as follows: Total number of shares in issue at the date of the AGM: 400 587 500 Total number of shares represented at the AGM: 294 644 821 Total percentage of shares represented at the AGM: 73.55% The resolutions proposed at the AGM, together with the percentage of votes carried for and against each resolution, are set out below: Number of votes For Against Abstain Total Votes % % (% of issued (excluding share capital) abstentions) Ordinary Resolution Number 1 – 294 171 991 73 830 399 000 294 245 821 Presentation and acceptance of 99.97% 0.03% 0.10% 73.45% annual financial statements Ordinary Resolution Number 2 – 176 163 840 118 097 981 383 000 294 261 821 Director appointment – NZ Mthembu 59.87% 40.13% 0.10% 73.46% Ordinary Resolution Number 3 – 76 166 840 218 094 981 383 000 294 261 821 Director retirement and re-election – 25.88% 74.12% 0.10% 73.46% B Moyo Ordinary Resolution Number 4 – 233 862 537 60 399 284 383 000 294 261 821 Director retirement and re-election – 79.47% 20.53% 0.10% 73.46% GN Waters Ordinary Resolution Number 5 – 293 646 369 607 452 391 000 294 253 821 Re-appointment and remuneration of 99.79% 0.21% 0.10% 73.46% Auditors Ordinary Resolution Number 6 – 75 966 840 218 294 981 383 000 294 261 821 Appointment of Audit and Risk 25.82% 74.18% 0.10% 73.46% Committee member – B Moyo Ordinary Resolution Number 7 – 235 767 037 630 452 58 247 332 236 397 489 Appointment of Audit and Risk 99.73% 0.27% 14.54% 59.01% Committee member – C Hechter Ordinary Resolution Number 8 – 293 619 369 642 452 383 000 294 261 821 Appointment of Audit and Risk 99.78% 0.22% 0.10% 73.46% Committee member – L Brits Ordinary Resolution Number 9 – 235 880 789 545 700 58 218 332 236 426 489 Endorsement of Pembury’s 99.77% 0.23% 14.53% 59.02% Remuneration Policy Ordinary resolution Number 10 - 235 780 789 645 700 58 218 332 236 426 489 Endorsement of the implementation of 99.73% 0.27% 14.53% 59.02% Pembury’s Remuneration Policy Special Resolution Number 1 – 293 487 243 830 578 327 000 294 317 821 General authority to allot and issue 99.72% 0.28% 0.08% 73.47% shares for cash Special Resolution Number 2 – 235 434 289 58 883 532 327 000 294 317 821 Authority to issue shares or rights that 79.99% 20.01% 0.08% 73.47% may exceed 30% of voting power Special Resolution Number 3 – 248 928 292 45 397 529 319 000 294 325 821 Ratification of non-executive director’s 84.58% 15.42% 0.08% 73.47% remuneration – NZ Mthembu Special Resolution Number 4 – 293 612 121 711 700 321 000 294 323 821 Non-Executive directors’ remuneration 99.76% 0.24% 0.08% 73.47% Special Resolution Number 5 – 293 780 243 491 578 373 000 294 271 821 Financial assistance in terms of Section 99.83% 0.17% 0.09% 73.46% 44 of the Companies Act Special Resolution Number 6 – 293 780 243 491 578 373 000 294 271 821 Financial assistance in terms of Section 99.83% 0.17% 0.09% 73.46% 45 of the Companies Act Special Resolution Number 7 – 236 077 659 58 221 162 346 000 294 298 821 Ratification of repurchase of shares 80.22% 19.78% 0.09% 73.47% Special Resolution Number 9 – 235 248 807 57 897 162 1 498 852 293 145 969 General authority to acquire 80.25% 19.75% 0.37% 73.18% (repurchase) shares Shareholders are advised that special resolution number 8 was not proposed. Shareholders are further advised that ordinary resolution numbers 3 and 6 were not approved and accordingly Mr Moyo retires from the Board and as a member of the Audit and Risk Committee. This retirement will result in a vacancy on the Audit and Risk Committee. The Board will commence with the process of identifying candidates to fill this vacancy in order to ensure the correct composition of this Committee. By order of the board Johannesburg 5 November 2018 Designated Advisor Arbor Capital Sponsors Date: 05/11/2018 01:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
  7. 2 points
    Service/Product Description: Freepaid’s API provides seamless, real time access to a wide range of pinned and pinless prepaid products at our transparent, competitive prices. This state-of-the-art programming interface does all the heavy lifting for you. It puts the programming power into your hands, freeing you to put your energy into your own development. You can order PINLESS airtime (direct recharge) or data through this API or you can order a PINNED airtime voucher which is sent to you in the form of a PIN number. Location: 301 Building Three, Tygervalley Chambers, Willie Van Schoor Drive, Bellville, Western Cape About us: Freepaid has been providing state-of-the-art Airtime solutions to innovative South African businesses, large and small, since 2007. Links (optional): Our API https://freepaid.co.za/airtime-api.php
  8. 2 points
    TymeCoach lets you see your credit score for free.
  9. 1 point
    Just ordered the Charge 2 for my wife and me. Will keep you guys posted.
  10. 1 point
    An upturn in the industrial sector next year should precipitate a further upward movement of the share price. AM has been strengthened financially by the sale of the interest in Macsteel and should be in a position to take advantage of an increase in local demand for steel products.
  11. 1 point
    Thanks Ranger. Great to see the range of increases.
  12. 1 point
    Here is the catalog for Game Black Friday 2018 Download link: https://ufile.io/cxj3o (It's just hosted there nothing fishy.) Alternative link https://1drv.ms/b/s!AvGRxgH2pFhyx0_BuRVUahNd0Isb (Microsoft OneDrive)
  13. 1 point
    This means suspension will not be lifted this year, this is clear, taking from the slow pace this company takes to resolve matters.
  14. 1 point
    Personally I would by the Xbox One, I have a PS3 and will be the new PS5 if it ever gets released just because I own it since the PS one and love the remote. Anyway the reason I say buy the Xbox over the switch is because it will end up in your living room as the home entertainment system with netflix and 4k streaming. Dad and his new toy (disguised as a gift for the boys) The Nintendo switch is like a upgraded version of the PlayStation Vita, which was nice at the time, but you have mobile phones now packing more detail. If I was you, I would go to Cash Crusaders and buy a Xbox One plus 2 controllers plus a ton of games all for less than what the Switch would cost new. I don't think I would've been able to tell the difference between new and used when I was 8 years old. (Being a financial focused forum, I had to include the "don't buy new at inflated prices" comment.)
  15. 1 point
    No Ranger, with these amateurs, not the case. You call them they will shift the blame to the JSE "its up to the JSE Sir"
  16. 1 point
    Anyone know what this is all about ?
  17. 1 point
    Sale of Macsteel interest confirmed today. Shares reacted positively.
  18. 1 point
    Made no difference when I applied for my home loan. You list your monthly costs etc, they check how much disposable income you have left and if enough you get the loan (depending on other factor of course).
  19. 1 point
    What was their screw up? The thrive thing is very annoying though...
  20. 1 point
    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.
  21. 1 point
    Thanks, one of the first things we realized when we started working on the product is that its value would be greatly eroded if we waited for things to be proven in court before paying claims; and whether proven or not innocent investors often suffer losses anyways. Most companies deny wrongdoing as you'd expect, even Steinhoff denied what was happening when asked for years. If the product was on the market before the Steinhoff event and you bought the shares and insured them; any new news on the company that trigger any further collapse of the share price would be covered, and you would be paid out a claim when you decide to sell. We can take the Seinhoff example assuming you had 10 insured shares that you sold for R20 each: Share Price at the end of day on the day before the news: R 55.81 Trgger Price for the insurance (the above less 10%) R 50.23 Realised Price (price you sold shares for) R 20 Claim per share R 30.23 (R 50.23 - R 20) So instead of losing R 35.81 (R 55.81 - R 20) you would only lose R 5.58 (R 55.81 - R 20 - R 30.23)
  22. 1 point
    Absa is listing two NewFunds ETFs on the JSE: The NewFunds Low Volatility Equity ETF, which is made up of stocks that are considered to be more stable over time, and the NewFunds Value Equity ETF, which is made up of stocks that are considered 'cheap' or undervalued.
  23. 1 point
  24. 1 point
    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.
  25. 1 point
    This forum offers real value. Brilliant job Admin. I will share it with friends and family.
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