Spreadsheet Ranger

We have the worst, now let's hear the best. I'm fairly young so I haven't had to make any big financial decisions other than making a conscious effort to put money aside each month to invest, I think learning a lot about investing and money management will be very beneficial going forward. What is the best financial decision you have ever made?

I have no idea. I'll keep an eye out.

I agree with you there, food is a good bet for a long term investor. Hence why I love Shoprite a lot too. Not exactly the same, but still. Anyway Kaap Agri are very nicely diversified and the people are very nice it is a very person centred company.

I am always curious to see what other users have at home. I have a 40Mbps VDSL line plus 2TB Web Africa Capped account

@SimonPB I was thinking, you know what would be a pretty cool ETF? Imagine an ETF that tracks IPOs? So the idea is - a Lazy-Risk ETF Basically an ETF that tracks IPOs for say 3 - 5 years and then ditch them like your momentum portfolio does, but instead of momentum it is based on IPOs. I guess something like this won't work as good on the JSE as it would overseas since the JSE doesn't expand all that quickly, but surely there's some pudding to this idea?

I have not heard anything through the grapevine yet, but will keep an ear out. @Groovy With Kaap Agri listing now I see Zeeder's price is already up, I wonder in this case if it would be wise to go to Zeeder or directly to Kaap Agri? I think Kaap Agri is around R3bn market cap so definitively not a small company by any means imagine now when they list. Then this Murray & Roberts thing is bothering me, because if there is a sens announcement which there will be I am sure of it, then the JSE will just play it off like nothing dodgy has happened. There is no reason for that jump to have happened unless someone knew something the public does not. @Spreadsheet Ranger R3bn market cap they won't come cheap, what took them so long to get on the main board or why list now after being an O.T.C share for so long As for Murray and Roberts, only time will tell because we all know the JSE won't. Right so Kaap Agri, I do not know how corporate wise, but my family are well connected there and I was always under the impression they liked the freedom and no red tape and regulation that plus the fact that they are not struggling at all from what I always remember. Good management imo. I will probably buy some at the IPO for my long term hold. As for Murray and Roberts it seems coronation dropped all their shares.

JSE sees no wrong doing. Trades >5% must be reported within 3 business days to MUR. MUR to announce on SENS w/in 48hrs of being notified

I have not heard anything through the grapevine yet, but will keep an ear out. @Groovy With Kaap Agri listing now I see Zeeder's price is already up, I wonder in this case if it would be wise to go to Zeeder or directly to Kaap Agri? I think Kaap Agri is around R3bn market cap so definitively not a small company by any means imagine now when they list. Then this Murray & Roberts thing is bothering me, because if there is a sens announcement which there will be I am sure of it, then the JSE will just play it off like nothing dodgy has happened. There is no reason for that jump to have happened unless someone knew something the public does not.

No idea. I saw this sens yesterday http://www.sharenet.co.za/v3/sens_display.php?tdate=20170215110000&seq=20 hmmm , So the market reacted late to that sens. I don't know what to believe these days, lately insider trading has been rampant in the JSE, The JSE group needs to do better in catching these culprits Yea insider trading was my first thought as well but them again we might just be out of the loop.

No idea. I saw this sens yesterday http://www.sharenet.co.za/v3/sens_display.php?tdate=20170215110000&seq=20

Water saving tips Turn off the tap when you brush your teeth – this can save 6 litres of water per minute. Place a cistern displacement device in your toilet cistern to reduce the volume of water used in each flush. You can get one of these from your water provider. Take a shorter shower. Shower can use anything between 6 and 45 litres per minute. Always use full loads in your washing machine and dishwasher – this cuts out unnecessary washes in between. Fix a dripping tap. A dripping tap can waste 15 litres of water a day, or 5,500 litres of water a year. Install a water butt to your drainpipe and use the water collected to water your plants, clean your car and wash your windows. Water your garden with a watering can rather than a hosepipe. A hosepipe uses 1,000 litres of water an hour. Mulching your plants (with bark chippings, heavy compost or straw) and watering in the early morning and late afternoon will reduce evaporation and also save water. Fill a jug with tap water and place this in your fridge. This will mean you do not have to leave the cold tap running for the water to run cold before you fill your glass. Install a water meter. When you're paying your utility provider for exactly how much water you use, laid out in an itemised bill, there's an incentive to waste less of the stuff. Invest in water-efficient goods when you need to replace household products. You can now buy water-efficient showerheads, taps, toilets, washing machines, dishwashers and many other water-saving products

CAPE TOWN - Cape Town only has around 135 days of usable water left. Daily water consumption has been cut to 700 million litres as the municipality and residents grapple with a drought. Dam levels have dropped to just over 26%. Despite water restrictions being intensified, daily consumption levels are still not being met. The City of Cape Town’s Xanthea Limberg says, “Our system is designed on the fact that the operating rule for drought years is to implement the necessary levels for restriction to limit the demand to ensure sustainable supply.” The City's Mayor Patricia de Lille says they need to step up water conservation. "In December 2016, the target of 800 million litres per day was set and this was subject to seasonal variations which, among others, affect the evaporation rate of dams. These variations have caused us to lower the target now. In addition, we have struggled to meet the previous target and we will therefore need a monumental effort to reduce consumption further and to meet a target that is one hundred million litres lower." WARNINGS The City has issued warnings in the rates bills of some of the metro’s highest users, domestic, commercial and government departments, in an effort to further reduce consumption. According to the January 2017 consumption, the highest water users are all using far above 50,000 litres of water per month while out of the almost one million customers that the City supplies with water, most households are using an average of approximately 20,000 litres per month or less. Limberg has again encouraged residents to reduce consumption. “Those who will not reduce their consumption voluntarily will increasingly be forced to reduce consumption. The installation of water management devices would assist households, businesses and other users with more efficiently managing their water consumption and this would result in financial savings as well.” The City will continue with its long-term water infrastructure investment programme, the roll-out of its leak and pressure management programmes and investigation into alternative sources of water. De Lille and other officials are expected to visit some of the high water users this week. Source: http://ewn.co.za/2017/02/14/ct-only-has-around-135-days-of-usable-water-left Perhaps we can share some tips in this thread what we can do to save water?

Aspen was low beginning of the year i think their advise is 2 months to late, but I would still but them at below 29000. December is when you should have bought imo. Interesting Aspen is one of the stock picks for 2017 - https://www.platinumwealth.co.za/forum/Thread-JSE-Stocks-picks-for-2017

oligopoly ˌɒlɪˈɡɒp(ə)li/ noun plural noun: oligopolies a state of limited competition, in which a market is shared by a small number of producers or sellers. - learned a new word

JOHANNESBURG – South Africa’s ruling ANC party called on Thursday for the toughest possible sanctions against more than a dozen local and foreign banks accused of rigging the rand currency, piling political pressure on lenders that have become a target for public anger. The Competition Commission said on Wednesday it had found the banks, including US, European, Japanese and Australian lenders, had colluded to coordinate their trading activities when dealing in the rand and US dollar. South Africa’s banking index fell 1% on Thursday after the commission, which has been conducting an investigation since April 2015, recommended heavy fines be imposed on the lenders. The ANC attacked the banks, which many South Africans view as a symbol of the stark racial inequality that persists 23 years after the fall of apartheid. “The African National Congress takes an extremely dim view of the activities of the listed banks. These acts of corruption have crudely exposed the ethical crisis in the South African banking sector,” the party said in a statement. “It is further an indication of how the markets are and can be manipulated by dominant oligopolies to cripple its functioning to suit their nefarious agendas.” Financial regulators are clamping down worldwide, with dozens of traders fired and big banks fined around $10 billion in total in separate cases for rigging the level of the Libor interest rates and other market benchmarks. The opposition Democratic Alliance accused the ANC of politicising the issue, saying ministers want “to do battle with the banks, regardless of the economic fallout”. Michael Cardo, who speaks on economic development for the right-leaning party, said President Jacob Zuma’s State of the Nation Address last week had made clear “he intends using the competition authorities as a tool of his populist and destructive agenda of ‘radical economic transformation'”. Last year the ANC suffered its worst ever local election performance as the left-wing Economic Freedom Fighters (EFF) won over many poor black South Africans with promises of radical redistribution of wealth. The EFF and sections of the ANC often criticise banks for keeping the wealth of the country in the hands of the white elite. This has turned up the heat on the banks, where a majority of executives are white despite black people making up 80% of the population. The investigation found that from at least 2007, banks had an agreement to collude on prices for bids, offers and bid-offer spreads for spot trades involving the rand – whose international market code is ZAR – and the US dollar, the commission said. Its inquiry centred on an instant messaging chat room called “ZAR Domination”, which the commission said was used to coordinate trading activities when giving quotes to customers who buy or sell currencies. Fines should amount to 10% of the banks’ annual revenues, the commission recommended, without saying whether this should relate to global revenues or just their South African business. The banks and brokerages named in the case were Citigroup, Nomura, Standard Bank, Investec, JP Morgan, BNP Paribas, Credit Suisse Group, Commerzbank, Standard New York Securities, Macquarie Bank, Bank of America Merrill Lynch (BAML), ANZ Banking Group, Standard Chartered and Barclays Africa (Absa), part of the Barclays Plc. Investec and Barclays both said they would cooperate with the probe while Standard Bank, BAML, Nomura, Credit Suisse, ANZ and Standard Chartered declined comment. The others have yet to comment. Source: www.moneyweb.co.za

Kaap Agri said at there AGM that they will list on the main board of the JSE

@Spreadsheet Ranger they rarely respond,but it's all love, thank you. @SimonPB this thread is for you too, can you assist us ;-) @Groovy there you go I think I am going to buy some as well @Spreadsheet Ranger I'm getting some too, I like the fish sector, not the government hurdles I like suhsi so all good.

0.41 !! you lucky bastid

^ HAHAHAHA I bought Central Rand Gold Limited in 2014 thinking back I have no idea why on earth I did that.

The more this climbs the more I wish I bought more!

Well if this is true and they did influence the rand, then I feel they should face real consequences as this affects the bottom line and cause some parents to not be able to afford to feed their child. Banks makes me sick in general.

@Spreadsheet Ranger they rarely respond,but it's all love, thank you. @SimonPB this thread is for you too, can you assist us ;-) @Groovy there you go I think I am going to buy some as well

They are accused by the Competition Commission of manipulating the price of the rand when selling and buying dollars- through making fictitious orders to buy and sell rand to change supply of the currency. They are also accused of using trading chat rooms to co-ordinate times for the sale of rand or stop selling for a time in order to manipulate prices from 2007. "This is a big deal‚" said market commentator and trader Simon Brown He said it was a major announcement because "our Competition Commission are good at what they do". When it comes to price fixing‚ "they are not often wrong on everything from bread to bicycles". He also said the rand affected the petrol price and this is also why accusations of manipulating currency has implications and is of huge interest for South Africans. The commission said in a press release on Wednesday afternoon that it was "seeking an order from the Tribunal declaring that the respondents have contravened the Competition Act". It is "seeking an order declaring that the Bank of America Merrill Lynch International Limited‚ BNP Paribas‚ JP Morgan Chase & Co‚ JP Morgan Chase Bank N.A‚ Investec Ltd‚ Standard New York Securities Inc.‚ HSBC Bank Plc‚ Standard Chartered Bank‚ Credit Suisse Group; Standard Bank of South Africa Ltd‚ Commerzbank AG; Australia and New Zealand Banking Group Limited‚ Nomura International Plc.‚ Macquarie Bank Limited are liable for the payment of an administrative penalty equal to 10% of their annual turnover". Brown said‚ "that list of banks involved is so long‚ one almost asks‚ 'who is not the list?'" He said that banking scandals had become common gobally. "We have seen so many of them‚ with accusations of banks manipulating the gold price and LIBOR rates in Britain. There is a lot of dodgy stuff." Banks never admit they were wrong but pay large non-admission of guilt fines‚ said Brown. The three local banks: Absa‚ Standard Bank and Investec share prices barely moved after the announcement. Brown said this may be partly as the investigation by the tribunal would take a long time. "I am expecting a Twitter storm. The banks are under huge pressure in South Africa." Most foreign banks had local financial assets and offices that could be attached if they were eventually fined making it not so easy to ignore local competition authorities. - TMG Digital

Profit is Profit - I'll drink to that!

If AXL climbs a bit more I would have loved to jump on the PPC train.