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Showing content with the highest reputation since 01/24/2018 in all areas

  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
    I have it on VERY good authority that Bidorbuy's link will be: http://bidorbuy.co.za/dotw/11411/BlackFriday
  3. 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.
  4. 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
  5. 2 points
    TymeCoach lets you see your credit score for free.
  6. 1 point
    Will it be listed separately or does it fall under DSY?
  7. 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.
  8. 1 point
    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?
  9. 1 point
    My bad for missing this post. My portfolio has been in bear market territory for a year or 2..tragic.
  10. 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.)
  11. 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"
  12. 1 point
    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 !!! )
  13. 1 point
    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!
  14. 1 point
    What was their screw up? The thrive thing is very annoying though...
  15. 1 point
    @Purply and @Groovy do you guys think we are heading into a official bear market on the JSE?
  16. 1 point
    Lentil your stop loss will let you know
  17. 1 point
    A paid off car is the best type of car...
  18. 1 point
    1. Place pizza stone in grill and heat that bitch up to high 2. Walk over to fridge and relocate the tortilla wrap, cheese, tomatoes, onions, spinach leaves to counter top 3. Dust breadboard with flour and place wrap on it 4. If you want a cheap tomato base, a squirt of tomato sauce and a splash of tobasco schmeared over the wrap will do 5. Proceed to donner the cheese and rest of stuff into the wrap 6. Slide, what is now a mini pizza, onto the stone and burn it for 10 or so minutes. If it starts "burning" brown or becomes hard (damn straight) it's ready. 7. Slide into plate, apply pizza cutter and thank the gods for your good fortune.
  19. 1 point
    Thanks for that. Sent from my SM-G920F using Tapatalk
  20. 1 point
    I agree with Noobly about Long4Life and PSG for long term growth. I own L4L and very happy with it. I don't own PSG yet, but am considering it as a possible purchase for later this year now that my Capitec is gone (that fateful morning I woke up and my 18% trailing stop-loss triggered all my Capitec to sell after the Viceroy report.) I'm also thinking long term and I own four stocks at the the moment: Naspers (NPN) Dis-Chem (DCP) Long4Life (L4L) Ellies (ELI) I sold everything else and put it into these four. The stocks that I don't own at the moment that I'm watching very closely with an eye to buying are: PPC (PPC) Shoprite (SHP) PSG (PSG) To start an ETF portfolio, I'd go with with Bandit's suggestion of Ashburton Global 1200 (ASHGEQ) and NewFunds MAPPS Growth ETF (MAPPSG). If you prefer higher risk and equities only, then ASHGEQ and Coreshares Top 50 (CTOP50).
  21. 1 point
    In South Africa you can get a free credit score from the following websites: Free Credit Report and Credit Score XDS (The free report has scoring included): http://www.credit4life.co.za/ Experian (The free report has scoring included as well.): https://www.creditexpert.co.za/ Free credit report excluding scoring Transunion (The report is free, but you have to pay for scoring.): https://mytransunion.co.za/ Compuscan (The free report does not include scoring): https://www.mycreditcheck.co.za/ Paid Credit Checks You can go to any Checkers or Shoprite MoneyMarket counter or you can do it online: http://www.kudough.co.za/shoprite_partner.aspx (This credit report checks XDS, Transunion and Experian and will cost R79) For a paid credit report that uses all 4 the credit bureaus mentioned you can use the below link to buy it online for R99: https://www.credithealth.co.za/complete-credit-report.htm Your credit score is an amount that can range between 330 and 850, the higher the score, the less risk you represent to creditors. With an excellent score, there is more chance you will receive lower rates and special deals, while with a poor score there is a much greater chance that you will not qualify for credit or loans. What is a good credit score in South Africa? In South Africa, an ideal credit score is anything above 740.
  22. 1 point
    just tried with clearscore.co.za - I have never done one before. Got 680/705. Probably worth doing once in a while to make sure there are no issues with ID theft ect.
  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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