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Everything posted by Spreadsheet Ranger
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African Phoenix Investments come now! I want to sell this badboy, Come AXL.
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Something seriously wrong with criptos
Spreadsheet Ranger replied to antonroux39's topic in Bitcoin BTC
You might think that a currency that does not belong to a nation seems weird and that it can't work. Remember we had a national airline once and national telcos the idea of a cross border airline or telecom company seemed absurd. Bitcoin is more like an exit opportunity, national currencies and banks are geopolitical organizations, in fact, national currencies have a shelf life of 30 years before they collapse in price according to statistics because no government can resist financing profligacy via printing, so they print and print and print, devaluating the currency inflating it to nothing and before you know it you have this sudden collapse we have seen it in Russia. The government has debt it is in their best interest to devalue the currency essentially stealing from the savers their money is worth less it's a transfer of wealth really from pensioners they pay the price. With that said it is important to realize that Bitcoin is not indented too, designed to or I do not think anybody that is in Bitcoin thinks this will happen, it is not intended to replace national currency. It is intended to break monopolies it gives people the option to have an alternative. Think of Bitcoin this way, think about exchanging money as a tourist. If you living in South Africa and you want to visit France, you go to France and you change some of your Rands to euros. If you travel to France often then maybe you keep some of those euros so that you can have them for next time. Then later you start visiting France often, maybe starting to earn in euros directly so you don’t exchange as much anymore. Well, I visit the internet as a tourist. So on the internet, I exchange my rands into Bitcoin, because that is the currency I can use to do online shopping on the internet across the world very effectively, very securely and very fast. The currency of the internet is Bitcoin now imagine after a while I “move” to the internet and I started earning on the internet at that stage I am earning in bitcoin, bitcoin is my currency and when I go to the mall I am a tourist in South Africa and so I transfer my bitcoin for rands or euros if I go to France. Think of the internet as a borderless country where some of us are permanent residents. Then you will start to understand how bitcoin can be a currency of choice, another option. -
Something seriously wrong with criptos
Spreadsheet Ranger replied to antonroux39's topic in Bitcoin BTC
1 China's ban of ICOs created uncertainty (short term) 2 JP Morgan Chase running their mouth because they are pushing their own interests. 3 There is another fork in November, as with the previous fork people run to Fiat until the fork is a success. Bitcoin (https://coindata.co.za/coin.php?id=bitcoin) is still bitcoin and bitcoin will continue to do what bitcoin does best, adapt and evolve. -
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African Rainbow Capital Investments (ARC) lists today. ARC Investments ARC Investments said in August that it would offer R4bn shares in an initial public offer that would give the company a market value of around R8,5bn. An interest of approximately 25% will be sold to three key investors - GIC in Singapore, the Public Investment Corporation (EMC) and Sanlam Private Wealth. ARC says in a statement the additional shares it is currently issuing will increase the "gross yield of R1,9bn to R2,2bn". In addition to the importance in Elandsfontein, its nine other largest investments are based on the percentage of the intrinsic value it represents: Rain: A 20% stake in this broadband provider providing fast internet connections. It represents 31% of its portfolio. Afrimat: An interest of 18,4% in the listed construction company. It represents 12% of its portfolio. EOH: An interest of 1,7% in the listed information technology group. It represents 6% of its portfolio. Alexander Forbes: An interest of 4.9%. BKB: An interest of 20% in the agricultural company. Acorn Agri: An interest of 15% in the agricultural company. Afrigem Payprop: An interest of 46,4% in the information technology group. Val de Vie Investments: An interest of 20% in the property developer. Human states: An interest of 10% in the information technology company.
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Meow Meow
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Ice is the only local one I am aware of other than localbitcoins.com and altcointrader.co.za - International there's is a lot better options like bitfinex
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Hello, does anyone here use Skype for business? I want to switch our office away from Telkom and I am thinking Skype VOIP might be an option since we have fiber.
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On the one side I want to braai on the other side I know I mustn't complain about the rain in Cape Town. So tonight I'll make chicken snitzels probably. What other chicken recipes is there for in house non braai cooking?
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TORRE, TRUSTCO and MUSTEK really hurting me today!
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I've always been curious whether other people also charge their phones overnight and of it impacts the battery negatively. I have a Samsung Galaxy S6 and when I go to bed at 12am I plug it into the charger and then it'll remain plugged in until the alarm goes off at 6am. I like to start my day off on 100%
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It's coming along nicely now. Tomorrow I will add the graphics and graphs, going to use coindesk to get the historical data.
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I got burned too many times trying to tackle the gold swings in my favor. sucks! Any of you looking at Micromega MMG I am thinking they might go to R14ish in the coming year?
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Exxaro shareholders are enjoying generous distributions on firm coal prices and delivery from operations. Exxaro Resources shareholders, now enjoying an interim dividend three times higher than last year’s, are also likely to benefit from either a special cash dividend or a share buyback in the next few months when the energy company sells the first tranche of its stake in mineral sands company Tronox. Exxaro holds 42.97% of Tronox, a stake worth about R12bn, which it will start to sell in the second half of this year. It has also earmarked several other assets for disposal, including its stakes in Black Mountain, the Moranbah coal project in Australia, Arnot and the North Block Complex. CEO Mxolisi Mgojo says Exxaro’s priorities for surplus cash are repaying debt, allocating funds to sustaining operations, investing in expansions around existing operations, returning cash to shareholders and taking advantage of merger and acquisition opportunities. Mgojo’s predecessor, Sipho Nkosi, had plans to diversify Exxaro beyond coal and beyond SA, but some of those ventures — such as the purchase of the Mayoko iron ore deposit in the Central African Republic — proved to be costly mistakes. Mayoko was impaired by R5.8bn when iron ore prices plummeted and it proved impossible to develop the mine. Exxaro sold out for about $2m last year. Under Mgojo, Exxaro’s focus is on energy, including coal and renewables. He says no specific acquisitions are under consideration but Exxaro constantly seeks opportunities to increase its coal resources through buying adjacent blocks. It is also looking for opportunities in renewable energy that are not capital intensive, such as microgrids. Expansion projects already under way include further phases at Grootegeluk and the first phase of development at Thabametsi, which is intended partly to supply a new independent coal-fired power station, as well as a new mine at Belfast. Environmental appeals against the Thabametsi power station and Belfast have delayed development. Exxaro’s head of coal, Nombasa Tsengwa, says early works have begun at Thabametsi to ensure the mine retains its licence. Supplying the power station is not an immediate option, but will occur later in the life of the mine. An analyst has questioned the R4.8bn of capex allocated to the sixth phase of Grootegeluk’s expansion, as the output was revised down to 1.7Mt/year of semisoft coking coal, from 2.7Mt/year under previous plans. Tsengwa says that as a result of the change, Grootegeluk Phase 6 will deliver a higher-priced product, and the other 1Mt of production has been deferred to phases seven and eight of the mine’s development. Exxaro’s strategic emphasis is on producing coal that can be blended with coal from the ageing Mpumalanga mines to feed the power stations in that province, as well as premium-priced products that can be exported to different markets. The group’s main market in the past six months was India, which took 63% of Exxaro’s exports, but it is in the process of diversifying, Mgojo says. By the end of this year Exxaro plans to have a new black empowerment structure in place. This will replace the Main Street 333 consortium, holding more than 50% of shares, where the 10-year lock-in expired late last year. In the next few months the number of Main Street 333 shareholders and new black investors will be known, as will the reference price for the transaction. Exxaro’s shareholders will be asked to vote on the detailed proposals in the fourth quarter of this year. Momentum SP Reid Securities analyst Percy Takunda says the results are in line with expectations and at current prices, he expects Exxaro will have a "robust" second half. "Following the allocation of resources for the BEE share buyback we expect a greater windfall for shareholders in the second half," he says. "The company dividend policy is to pay 2.5-3.5 times cover and with limited obvious cash requirements in the short term we maintain our bullish dividend outlook." Takunda says Momentum SP Reid retains a "buy" recommendation on the shares, despite their recent strong price gains. Exxaro’s shares, at about R108, have gained about a third over the past year but were as high as R131.50 in April. [email protected]
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What medical aid fund should I choose?
Spreadsheet Ranger replied to Spreadsheet Ranger's topic in General Finance
These are the options the broker came back with. (Not sure I want any of those.) Basically the following medical schemes: Bestmed Beat2 Discovery Coastal Saver Medihelp Unify Topmed Active Saver -
@BitcoinZAR let us say that graph is correct and the Bitcoin price will head for a correction in the coming weeks. Will it be wise to rather hold onto my ethereums and wait for that correction? In other words, if the Bitcoin price crashes/corrects will ethereum remain strong? Lets say I am sitting with 100 Ethereums and I want to buy Bitcoin, I am thinking now perhaps I should wait for the correction later and then buy, but I am not sure what relation there is between the price of Bitcoin and the price of ethereum.
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Hey, welcome to the forum. I'm refering to a crash in the bitcoin price. I think crash is the wrong word, a correction in price is a better description.
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Keep an eye on the divergence between Bitcoin's network value and the daily number of transactions. Last major separation was late 2013. I reckon the crash will probably happen in next month. Thoughts?
