Spreadsheet Ranger

Premier Fishing - Is it trading now?

@padjakkels should be able to help you.

Correct, I do like KAP. -- When on earth is the JSE:TAS trading update?!

I definitely think both has their place. If you have a domain name I'll create your website for you, for free. Assuming you don't have any advanced functionality requirements. I'll host it for you as well with a ssl certificate. Call it a formatee special [emoji6]

Yea man EasyEquities really enabled a lot of people. I love it. Side note, some important announcements this notes

Easyequities.co.za going offshore.... Did he just hint at that? https://twitter.com/csavagegt247/status/835751837361975296 That would be Uber cool.

Very nice. /bookmarked now u have all this in one place for future reference.

We're sorry we rigged the rand: Barclays Barclays Africa - aka Absa - asked for forgiveness yesterday for its role in rigging the rand , a scandal that has raised questions over the dominance of the big four local banks. "We deeply regret that this conduct took place within our organisation," CE Maria Ramos said. "Those who are found to have contravened our rules ... will be held accountable." The Competition Commission said last week it had found more than a dozen local and foreign banks had colluded to co-ordinate trading in the rand and the US dollar using an instant chat room called ZAR Domination, a reference to the rand's market code. It recommended fines amounting to 10% of the banks' South African revenues and piled political pressure on the four banks, which have about 90% of the national banking market. The commission began its investigation in April 2015, joining an international probe into the manipulation of foreign exchange rates that has already led to big banks paying more than $10-billion in settlements. Absa, a regional unit of UK's Barclays, has already been granted conditional immunity from prosecution in return for supplying information that might lead to the successful prosecution of the other alleged cartel members. Standard Bank, which is also among the 17 named in the investigation, said yesterday it was in talks with the watchdog. No employees had been suspended. "Pending the outcome of these engagements and in the light of these historic allegations only having been brought to Standard Bank's attention on February 15, no suspension of current employees of Standard Bank has taken place," it said. The local arm of Citigroup agreed to pay a reduced $5-million penalty for co-operating in the investigation; Investec has said it will seek information from the regulator about co-operating. Finance Minister Pravin Gordhan said in his Budget speech on Wednesday that the government would crack down on anti-competitive behaviour with new regulations. The scandal has weakened the share prices of South Africa's listed banks. The sector index dropped by about 1% by mid-session yesterday. Former Citigroup foreign exchange dealer Christopher Cummins and Jason Katz, who worked at Barclays and later BNP Paribas SA, last month pleaded guilty in the US to conspiring to fix currency prices. Both, with others, are named in the South African regulator's report on its investigation that has been referred to the Competition Tribunal, which holds hearings on antitrust matters before giving a ruling. Source: http://www.timeslive.co.za/thetimes/2017/02/24/Were-sorry-we-rigged-the-rand-Barclays

Agreed!! The volume has been down lately. I hope it does not stagnate now.

Please JSE:AXL come on. Give me 80 cents. You can do this.

I think I will stay clear headed and not bite.

I just read this article -> https://www.moneyweb.co.za/mineweb/mining-companies-investment/sibanye-on-steriods/ And now I am wondering if I should buy them, how closely are they linked to the gold price? Sibanye Share Price Chart 5 year Gold price USD oz 5 year chart

JOHANNESBURG (Reuters) - South African lender Barclays Africa asked for forgiveness on Thursday for its role in rigging the local currency, a scandal that has raised questions over the dominance of four big local banks. "We deeply regret that this conduct took place within our organisation," Chief Executive Maria Ramos said. "Those who are found to have contravened our rules and conduct will in due course be held accountable." South Africa's Competition Commission said last week that it had found more than a dozen local and foreign banks had colluded to coordinate trading in the rand and the U.S dollar using an instant chat room called ZAR Domination, a reference to the rand's official currency market code. It recommended fines amounting to 10 percent of the banks' South African revenues in a scandal that has also piled political pressure on the four banks, which have around 90 percent of the national banking market. The Commission began its investigation in April 2015, joining an international probe into the manipulation of foreign exchange rates that has led to big banks paying more that $10 billion in settlements. Barclays Africa, a regional unit of Britain's Barclays Plc, has already been granted conditional immunity from prosecution in return for supplying information that would lead to the successful prosecution of the other cartel members. Local lender Standard Bank, which is also among the 17 named in the investigation, said on Thursday it is in talks with the watchdog and has not so far suspended any employees. "Pending the outcome of these engagements and in the light of these historic allegations only having been brought to Standard Bank's attention on Feb. 15, no suspension of current employees of Standard Bank has taken place," it said in a statement. The local arm of Citigroup agreed to pay a reduced $5 million penalty for cooperating in the investigation while Investec has said it will seek further information from the regulator to continue to co-operate. Finance Minister Pravin Gordhan said in his budget speech on Wednesday that the government would crack down on anti-competitive behaviour with new regulation. The scandal has weakened the share prices of South Africa's listed banks. The sector index dropped by about 1 percent by mid-session on Thursday. Former Citigroup foreign exchange dealer Christopher Cummins and Jason Katz, who worked at Barclays and later BNP Paribas SA, pleaded guilty in the United States to conspiring to fix currency prices last month. Both, along with others, are named in the South African regulator's report on its investigation that has been referred to the Competition Tribunal, which holds hearings on antitrust matters before giving a ruling. (Reporting by TJ Strydom and Tiisetso Motsoeneng; Writing by James Macharia; Editing by David Goodman/Ruth Pitchford)

Padjakkels will you add the video stream when it comes online?

CAPE TOWN (Reuters) - South Africa's Competition Commission has granted Barclays Africa conditional immunity from prosecution in return for its continuing cooperation in the rand currency trading probe, the head of the Commission said on Tuesday. The Commission said last week it had found more than a dozen local and foreign banks colluded to coordinate trading in the rand and the U.S dollar using an instant chat room called "ZAR Domination". It recommended fines amounting to 10 percent of the banks' South African revenues in a scandal that has piled political pressure on the country's big four banks and raised questions about their dominance in Africa's most industrialised economy. The local lenders have around a 90 percent market share of the South African banking market. "We did, through the investigation, receive a leniency application from Barclays/ABSA which cooperated and gave us more information," The head of the Commission Tembinkosi Bonakele told a parliamentary committee on Tuesday. "We have a conditional agreement with them on immunity but this is subject to confirmation depending on the extent of their cooperation." Barclays Africa, whose branches are branded ABSA and is a regional subsidiary of Barclays Plc, did not immediately respond to a request for comment. On Monday the Commission said that the local arm of Citigroup had agreed to pay a reduced $5 million penalty in settlement for its role in the alleged currency trading cartel after it "undertook to cooperate". "I would say that the settlement was low, but as a prosecutor you sometimes have to make these calls because we have a bigger case to run," Bonakele said on Tuesday, referring to Citi. The scandal has rattled the share prices of the South African-listed banks, with the sector index having dropped by nearly 4 percent over the last four sessions. Anglo-South African investment bank and asset manager Investec has said again following a statement made earlier this week that it would seek further information from the regulator in order to continue to cooperate, according to an internal memo seen by Reuters. "The Competition Commission's case against Investec Limited is confined to the alleged conduct of a single trader who is employed by the bank. This particular trader dealt with interbank clients," Investec said in the memo. Revenue from Investec's foreign exchange division averaged below 1 percent of its South African bank's total revenue over the last 10 years, according to the memo. Investec's local banking unit reported 10.4 billion rand in total operating income in the year ended March, 2015. GLOBAL SCANDAL The Commission began its investigation in April 2015, joining an international probe into the manipulation of foreign exhange rates that has led to big banks paying more that $10 billion in settlements. Former Citigroup foreign exchange dealer Christopher Cummins and Jason Katz, who worked at Barclays and later BNP Paribas SA, pleaded guilty in the United States to conspiring to fix currency prices last month. Both, along with several others, are named in the South African regulator's report on its investigation that has been referred to the Competition Tribunal, which holds hearings on antitrust matters before giving a ruling. Bonakele said the Commission was seeking a maximum penalty against other banks whose traders are alleged to have been involved in the scandal but the "door was not closed" for those seeking to apply for leniency in exchange for information that would help lead to a successful prosecution. President Jacob Zuma said last week that the government would clamp down hard on financial market abuse. Other banks and brokerages named in the case were Nomura, Standard Bank, Investec, JP Morgan, BNP Paribas, Credit Suisse Group, Commerzbank AG, Standard New York Securities Inc, Macquarie Bank, Bank of America Merrill Lynch (BAML), ANZ Banking Group Ltd and Standard Chartered Plc Officials at Standard Bank, BAML, Commerzbank, BNP Paribas, Nomura, Credit Suisse, ANZ, Macquarie and Standard Chartered have so far declined to comment. The other banks have not responded to requests for comment. ($1 = 13.1161 rand) (Additional reporting by Tiisetso Motsoeneng; Editing by James Macharia, Greg Mahlich) First Published: 2017-02-21 10:41:43 Updated 2017-02-21 19:25:44 Original Article by Thomson Reuters.

Telegram: New in version 3.17: - Use custom themes to change the appearance of the app. - Check out the new dark theme in Settings > Themes. See the @AndroidThemes channel for more ideas. - Create your own themes using the new built-in editor. Read more about this update: https://telegram.org/blog/android-themes

The JSE is adding another player in the fishing industry to compete alongside Oceana for the favour of investors. Premier Food and Fishing ("PFF") is currently owned by African Equity Empowerment Investments (AEEI) and 45% of the stake in PFF will be up for subscription to the market at R4.50 per share. This should raise around R526.5 million in new capital for the business, and new shareholders will be hoping that this funds a rosy growth strategy. The expected listing date is 2 March and it will trade under the stock ticker "PFF". Every time a new company decides to dip its feet in the public sector, there are a few questions that need to be answered satisfactorily to be surer that you are not just throwing money in the water. One of those questions is: can this company grow its revenue? Catch quotas could limit growth... In the fishing industry, you will always be subject to the catch quotas that are allocated to companies, and this could limit the company’s upside. A company can only grow as fast as the quota of fish it is allocated and PFF is no different, operating at half capacity in some cases due to a limited number of catch it can haul out of the water. PFF is trying to increase its quota, but to do that it needs to take some market share away from the other players in the market, including Oceana, that dominate the quota allocation in South Africa. Being the largest black-owned and managed food and fishing company in South Africa will certainly benefit PFF in its application for larger quotas. However, the competition is tough as Oceana also holds top empowerment credentials, winning the most empowered company award in 2014 and 2015 (a title that PFF took from them in 2016). In summary, the growth in quota for PFF is not likely going to shoot the lights out. ... but farm production could bypass quotas A potential solution is producing from farms where there is no quota system. PFF already owns a successful abalone farm and you can be sure that some of those IPO proceeds will be allocated to expanding this project. You might think that farming is more expensive than simply riding out to sea to make the catch, but PFF’s abalone farm runs at a 35% net profit margin and after the expansion it could be as high as 50%. There is also no shortage of demand for the top-quality abalone that South Africa produces, especially from Far East Asia. So why does AEEI want to sell PFF? The PFF story is starting to look like it has some potential, but if the pie is delicious then why is AEEI cutting off a big slice and handing it to the market? The company runs with no debt on its balance sheet, meaning there is plenty of room to borrow capital for expansion instead of going to the public. One often cited reason is that the owners are looking to cash in their chips and Vice-Chairman, Khalid Abdulla, echoed something along those lines when he said that the shareholders want a value assigned to their holding with more liquidity. Management seems very debt averse and could be knocking on the door of investors again in the future, especially when you consider that management wants to allocate the proceeds from the IPO within the first six months. As a shareholder, you do not want to constantly be on the dilution side of rights offers. PFF faces notable risks Finally, you want to be looking at the risks that the business faces, and there are some notable ones. The company generates 70% of its revenue offshore through food exports, making it a good rand hedge, which naturally goes hand in hand with large currency risk (and the Rand is one of the most unpredictable currencies on the planet). A quarter of the company’s exports go to the US and we all know that under a Trump administration there is very little certainty in terms of trade. Fortunately, the US is a large importer of seafood and the risk of losing this business is small, but could have catastrophic implications for PFF if it materialises. Conclusion: Is PFF a risk worth taking? Considering all the factors, should you be buying into this business? The company will trade at a Price-to-Earnings ratio of 13.6x at the R4.50 offer price, and using the company’s projected earnings for the period ended August 2017. That is slightly cheaper than the 16.5x PE ratio of Oceana, its most direct competitor on the JSE main board. A concern could be the liquidity of PFF’s shares as the company will start off with a market cap of R1.17 billion (Oceana R16 billion) and liquidity is certainly your friend during a period of peak geopolitical risk as we are seeing in 2017. The price is not too high and the growth story over the next three years doesn’t look bad, but beyond that there is not much to get excited about. And then there are the risks that the company faces that are more industry-specific rather than company specific. PFF is perhaps not the diamond in the rough that the market is looking for, and within an industry where even Forrest Gump can enter the market, you might be better off putting your money in another sector; or at least with the company that is currently king of the mountain. Ian Stiglingh Quantitative Investment Analyst

I found this on twitter by @Richards_Karin Source

So it begins First bell @ZARX_xchange on 20 Feb 2017 rings in new stock market era in SA @SENWES #ZARX https://twitter.com/ZARX_xchange/status/833579317099634688

I think so myself! I am a bit biased of course since I have used them since I was a small child both my dad and Granddad only buys at the local Agri. It's a very peoples place, personalized service, local. Just a heartwarming feeling when you shop there. From a business perspective they are expensive as hell so I trust there are good margins thus good stock to be a shareholder of.

This weeks expected results:

It occurred to me one day that the reason small business owners are late in getting web sites up is the high initial investment. I met so many business owners who wanted to be selling more, attracting more clients, and taking their business to the next level—but felt hamstrung by the high initial investment a new site can require. They were stuck with an old web site that had once been state of the art, but now was out of date, didn’t meet their needs, and in many cases had become just plain embarrassing. Then it occurred to me: why not provide a solution where people can rent a web site, and do away with that large initial expense. That is where my new web rent-a-site program came to fruition.

/buys gold

Source: http://www.fin24.com/Budget/why-gordhan-should-raise-vat-by-2-20170217

Completely agree. Well, some weekends I built websites for people just normal brochure style sites nothing too fancy, but they pay good money and seem to really like the personal service instead of working with a fully fledged agency.