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Noobly

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Posts posted by Noobly


  1. Dear fellow Easy investor


    There has been an overwhelming response to our proposed launch of securities lending. Most of it fairly targeted at the simple fact that we could have done a better job of handling the communications and allowing you to opt-in rather than out.


    Those of you that know me and have lived alongside EasyEquities for a while, know that its not in our DNA to do anything that isn’t in the best interest of our clients’ march towards financial freedom. However, you will also know that when we get things wrong, we listen, learn, pivot and return stronger.


    The same is true of securities lending. So while we are cancelling the launch of securities lending for now, expect it back in your inbox when my team and I are 100% happy that we have done the best job at alleviating your concerns and making the entire experience easier.


    Just a little insight from me into why we were so excited about the launch and why then, in the result, rushed it.


    Securities lending is the reserve of the very wealthy and has never been made available to retail clients on this large scale. If you do it properly, it’s a great way to extract more value out of your portfolio without increasing the risk.


    In this regard, we spent over a year negotiating and contracting the best possible outcome for our clients both in terms of balancing the risk and returns and in the result, created the same resilience in our contracts that your pension funds rely on.


    All the revenue flowing from the securities lending would have been split 20% to the institutional partner, who essentially lends out the securities and manages the risk and return, 48% to EE clients for their stock and 32% to EasyEquities for managing the tech and platform on which the securities lending runs.


    A well-diversified portfolio of listed securities would earn around 0.70% a year from securities lending income. With this in mind and the fact that we are limiting the lending to 60% of your portfolio, the total revenue from securities lending would be on average 0.42% (0.7% x 60%). Of that, clients would therefore earn an extra 0.20% (0.42% x 48%) on their portfolio per year.


    Out of interest, that’s roughly 30% of what our clients are spending on transaction fees a year. So, in essence, your costs would be reduced by 30%. Reducing costs is the only certain return you’ll ever get from investing and that’s why this was such a big deal for us, a way to reduce your costs by increasing your income and effectively guaranteeing a greater future return.


    However, securities lending is a complex part of the financial system and we haven’t done a good enough job of explaining it all - my sincere apologies.


    It's back to the drawing board and if securities lending is still something you don’t want once we’ve done a better job of explaining it, then you have my assurance that we will not launch it - its really that easy!


    Regards and thank you for your incredible engagement today. My team and I remain committed to setting our hundreds of thousands of clients as you all continue on your financial journeys.
     


  2. Years later, do any of you own Unit Trusts?

     

    I am looking at a 10x one or Sygnia unit trust now -- my portfolio on the JSE over the past 3 years have been negative, time to give this back to the pros.


  3. I definitely think we need a motus thread - I see a ton of Hyundai and Kia cars on the road lately (and Uber as well, KIA).

     

    I will do some reading on them. These are tangible brands, I like that.


  4. 10 minutes ago, SaurusDNA said:

    Hyundai, Kia, Renault, Mitsubishi is now called Motus.

     

    I did not know that, maybe we need a thread for Motus. This stock looks interesting now as I think more and more people will have no option but to buy budget cars (like Hyundai, Kia) etc. Is this just renting out or are they the KIA and Hyundai guys in SA?


  5. On 2/21/2019 at 9:25 AM, SaurusDNA said:

    I'm trying to figure out why the Motus (MTH) share price keeps dropping. Their "fair value" is considered to be around R95 per share, their fundamentals are good, a forward P/E of around 7 and an expected dividend yield of 4.2%. They are the sole importers of Hyundai, Kia, Renault, Mitsubishi with massive growth potential. They're currently only at R78 per share.

     

    They started out very well but the last months has seen them lose almost 30% in just over a month.   ?

     

    Well, they're at the support level now, so I'm seriously hoping they don't drop any further...

     

    Any thoughts on their short to medium term future?

     

    this is the first time I heard about Motus, I should check them out. I own Barloworld shares (I bought them initially due to Avis, but I am not so sure how that industry is doing lately.) Our economy is probably hitting the rental industry?


  6. This image shows performance of Tongaat Hulett over a period of 1 week, 2 weeks, right up to 10 years.

    So the 1 week line shows the closing price 1 week ago, together with its move, total volume for the week and its high and low for the week.

    The 5 year line shows the closing price 5 years ago, the move between then and now, the total volume traded in the 5 years and the highest and lowest price during that 5 year period.

     

    2019-03-11_12-05-37.thumb.png.be44688c6033e12b45f822d620593249.png

    • Like 1

  7. Inside Rolls Royce Documentary HD

     

     

    Filmed over a landmark six-month period for the marque, Inside Rolls-Royce captures the extraordinary lengths Rolls-Royce’s dedicated and passionate workforce goes into creating and presenting the world’s finest motor cars.

    The film tracks the crafting of the Celestial Phantom – the most valuable Bespoke Rolls-Royce ever created. The extraordinary feat of hand-setting 446 diamonds into the car’s interior serves to display Rolls-Royce’s hallmark attention-to-detail.


  8. ACQUISITION OF MERCANTILE BANK HOLDINGS LIMITED AND ITS
    SUBSIDIARIES (“MERCANTILE”)


    Shareholders are referred to the SENS announcement dated 18 June 2018 that Capitec Bank, the wholly-owned subsidiary of Capitec, made a non-binding offer to purchase Mercantile. A further notification, included in Capitec’s interim results published on SENS on 26 September 2018, stated that Capitec Bank submitted a formal bid on 31 August 2018 to acquire Mercantile. The offer was made subsequent to the conclusion of a detailed due diligence on the operations of Mercantile.


    The Board is pleased to advise shareholders that Capitec Bank’s offer of R3.2 billion, to be adjusted by any change in the net asset value of Mercantile from 30 April 2018 to the completion date of the transaction, when all conditions precedent have been met, has been accepted. The purchase consideration will be paid from capital and cash reserves.


    The Board of Capitec Bank believes there are many opportunities in the market to serve small-to-medium enterprises and owner-managed businesses better, and the bank has commenced with a strategy to develop infrastructure to facilitate same. The acquisition of Mercantile will obviate the need to reinvent and create new systems and processes from scratch and thus fast track the bank’s objective to expand its focus to a broader bank strategy.


    Mercantile’s core business offer is business banking for small- to medium-sized enterprises and entrepreneurs and it is therefore well positioned to align with Capitec Bank’s business banking strategy. It was offered for sale by its shareholder, Caixa Geral de Depósitos S.A., a Portuguese bank, because it is divesting from non-core operations outside of Portugal as part of its recapitalisation plan.


    The transaction is subject to regulatory authority.

     

    Shareholders will be informed once all regulatory approvals have been received and the transaction is final.


    22 November 2018
    Stellenbosch
    Sponsor PSG Capital

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