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Spreadsheet Ranger

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Everything posted by Spreadsheet Ranger

  1. Do you have a link to this halogen oven it sounds futuristic. What does it do different than the philips air fryer?
  2. I am looking for the following stuff (please ping me if you guys spot a special on Black Friday) A microwave A blender, I like the nutri bullet type ones. They're very easy to clean. A slow cooker or an air fryer A kettle A toaster A standing fan, or cooling device (portable aircon).
  3. 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.)
  4. Fun times... Distell Group Holdings Limited (DGH)
  5. Is there space for another bank in the South African landscape? I am a Capitec user and for me banking costs in the most important factor, so personally if Bank Zero is cheaper than Capitec I'll switch.
  6. Wait, has the JSE suspension on Pembury been lifted?
  7. Alright that makes sense. So that changes my question to the following: Should the guy pay the installments of the vehicle into my bank account and I pay the vehicle company (is there a tax issue doing this?) or should the guy pay the installment straight into the vehicle company? Point I am trying to get at is how do I show the bank that the vehicle payments doesn't effect my disposable income?
  8. I don't think it would be any different, but I have a fully paid of car so I've never financed a vehicle and thus I have no idea what the effect on affordability calculation is. (that's what I'm trying to find out and understand)
  9. Totally understand. That will be considered absolute worst case (I am in a position to cover the monthly installments if that should ever happen and fully understand the ramifications of that situation). To give some clarity on the workings of this deal, I want to help out a guy who runs a small scale logistical business (for the last 18 years), but the last 4 years he has gotten an increasing amount of work through more larger logistical jobs during which he rents a truck everytime. He wants to expand that side of the business however the age old "you need money to make money" is very applicable in this situation, unfortunately he cannot get finance for an additional truck, but I am in a position to get the finance. If I wasn't planning on buying a house and exiting the rental market within the next 24 months I would've financed this truck with my eyes close it's not defaulting that concerns me it's just the effect this might have on my prospects to secure a home loan.
  10. Scenario: I want to to purchase a truck (for a business, that they will pay the monthly payments for) in my name. 12 — 24 months from the date of purchase of the truck I want to apply for a home loan to buy a house. I currently rent and would like to move into a house of my own, but at the same time I'm in a position to be a part of a business, but for that I will need to finance the truck although the monthly payments for the truck will be paid by the business. Ideally I would like to buy a house in the next 1 to 2 years, but the truck would probably be financed over 5 years. My question is, will this have a negative effect on my ability to secure a home loan?
  11. Apple on Thursday reported underwhelming iPhone sales and gave soft guidance for the holiday quarter. Shares fell more than 7%, pushing the company's market cap below $1 trillion. Apple says it will no longer report iPhone sales numbers. The move can only be interpreted negatively. "Some people may fear that this now means that the iPhone units are going to start going negative year over year because it's easier to talk about great things and not show the details of things that aren't so great," the Citi analyst Jim Suva said. Global data shows smartphone sales declining, and CEO Tim Cook has previously said he is comfortable with that. Apple on Friday lost its $1 trillion valuation as shares fell more than 7%, to a low of $206.66, following its disappointing fourth-quarter results. The tech giant reported underwhelming iPhone sales and gave soft guidance for its crucial holiday quarter, sending shares below the $207.45 price that was needed to hold the mark. It's possible that the per share price need to break the $1 trillion valuation is lower due to buybacks. Apple crossed the $1 trillion mark in August - a first for a US company - after reporting strong second-quarter results. Shares peaked at a valuation of $1.121 trillion on October 3, but fell as much as 11% as the broader stock market came under pressure in October. The company briefly lost its $1 trillion valuation last month as shares dipped to a low of $206.09. And while Apple's disappointing results were notable, Wall Street seemed to be focusing on something that occurred on the earnings call. That's when the company said it would no longer reveal unit sales for its hardware, drawing the ire of some Wall Street analysts. "The 'jaw-dropper' last night was when Apple announced it will stop providing units/ASPs for iPhones, Macs, and its other product lines," Wedbush analyst Daniel Ives wrote. "The Street will find this a tough pill to swallow this morning as the transparency of the Cupertino story takes a major dent given that tracking iPhone units have become habitual to any investor that has closely followed the Apple story for the last decade+ and is critical to the thesis." Ives maintained his $310 price target and "outperform" rating. Source: Business Insider
  12. The SABC on Wednesday set out in detail why it needs to retrench staff, with group CEO Madoda Mxakwe saying the public broadcaster is “technically insolvent”. TechCentral reported on Monday that the SABC could retrench a third of its permanent workforce, with up to 981 of its approximately 3 400 employees to be axed as part of a broader effort to cut costs drastically. It also plans to terminate the services of half of its 2 400 freelancers, with its freelance bill running at about R500-million/year. “We are technically insolvent. We are not able to fulfil our monthly obligations,” Mxakwe said on Wednesday. “The threat of commercial insolvency is increasing significantly.” He said the SABC wage bill is R3.1-billion/year, with total annual expenditure of R7.2-billion — far ahead of revenue. “It is not sustainable.” Mxakwe and the new SABC board have the unenviable task of cleaning up the mess left at the public broadcaster because of previous mismanagement, including the disastrous reign of former chief operating officer Hlaudi Motsoeneng. Though it has cut costs significantly in 2018, this hasn’t been nearly enough, and the organisation must now move urgently to prune its wage bill, Mxakwe said. Year to date, the SABC has generated revenue of R3.2bn “despite all of the challenges and market conditions we are experiencing”, he said. “Owing to aggressive cost-cutting measures we have put in place across the organisation … we see that the total expenditure year to date is at R3.5-billion.” In the past two quarters, the SABC has cut costs by R463-million, he added. “It shows we are ensuring what needs to be done. However, this is not enough. The net loss, year to date, is R323-million.” Sports rights Cost-cutting measures have included reviewing sports rights acquisitions. “This is why in the past couple of months there have been very concerted efforts to look at all of the deals in as far as sports rights are concerned and whether they are commercially viable and make sense for the SABC.” The SABC has a bloated middle management that is not sustainable, he said. The total cost to company of the broadcaster’s three executive directors is R12.5-million, while the figure for the group executive committee is R25-million. However, the organisation has five layers of management, with 495 managers in total, with a cost to company bill of R630-million. “If you include junior managers, that number balloons to R1-billion/year.” He said the SABC continues to engage with government about guarantees to see it through its precarious financial situation, and is also talking to financial institutions about extending its borrowing limit. One of the biggest problems facing the broadcaster is the fact that few South Africans pay television licence fees. Only 14% of the corporation’s revenue is from licence fees, with most of the rest — some 85% — coming from advertising. There has, however, been an improvement is licence fee collections in the recent past, Mxakwe said. The SABC is also working hard to lure back advertisers who have abandoned the platform. “We are working on lapsed contracts (and there is) a strong drive on getting new business,” he said. Speaking at the same press conference on Wednesday, chief operating officer Chris Maroleng said the SABC’s poor financial position has meant it hasn’t been able to innovate for the future. The broadcaster, he said, wants to develop streaming applications and related digital platforms to ensure it is “ready to benefit from the multi-channel future we will see in the digital terrestrial television environment”. “We have seen a lot of innovation in this space, but we don’t have the finances to invest the crucial capex for new content innovations that will help us turn the corner,” Maroleng said. The SABC said it Monday that it wants a consultation process with staff and labour unions to be concluded by no later than 31 January 2019, with retrenchments to take effect on 1 February. It has proposed paying severance packages of one week’s salary per completed year of service. In a letter to staff seen by TechCentral, Mxakwe said all employees at all levels in the SABC will likely be affected by the retrenchments. These include group services, provincial operations, commercial enterprises, media technology and infrastructure, news, radio, sport, and television. “At this stage, and should retrenchments be necessary, it is envisaged that 981 employees may possibly be retrenched as a result of the restructuring, across all the aforesaid business units and operations of the SABC,” Mxakwe said. ‘Drastic measures’ He said the SABC’s “dire” financial situation means the broadcaster is not sustainable without “drastic measures” being taken. He added that “irregular and unlawful” operational decisions made by former senior executives have compounded the situation and “need to be remedied”. “…Under the auspices of the erstwhile management of the SABC, there have been many instances of unlawful and irregular promotions and increases afforded to employees, resulting in an inflated remuneration cost and the payment of salaries to employees that are not commensurate to the actual positions occupied by employees. The SABC is also overstaffed, considering its actual operational needs,” he said. Source: NewsCentral Media
  13. I'm thinking they are either after Cell C's spectrum (so might run it into the ground to buy it out completely) or they will poor into Cell C with the aim to list the company on the JSE, but again by that time have enough rope within Cell C to practically run it behind the scenes. Just my feeling.
  14. I've been following this stock since they listed (I don't own them, I am a Shoprite shareholder), but I do like this sector. I've heard so many things around this stock that I am struggling to make out what is true and what is smoke. I am thinking of entering into Choppies as a way to diversify a bit in the food sector. Problem is there is stuff like this hanging over the company: How does that affect their JSE listing and SA operations?
  15. The JSE is headed for its worst monthly performance in about a decade, raising fears that the downside momentum will continue. The current post-crisis wobbles in global markets have seen, for the first time in a long time, almost every major asset class falling into negative territory for the year. In the US in October, even high-flying technology stocks have been pummelled, and last week the last of the S&P 500’s advance evaporated and left investors facing a sea of red. The third-quarter results of Amazon and Alphabet last week reignited the sell-off. The S&P 500 fell 3% or more only twice in 2012-17, but has done so four times in 2018 — and twice in October. Analysts and investors insist they are not panicking yet. While October has been a bad month, a calm stretch had preceded it. The US stock market has historically averaged more than four falls of 5% a year, and suffers a 10% correction about once a year. Hong Kong’s Hang Seng and China’s Shanghai Composite are also down more than 20% from their peaks. Old Mutual Multi-Managers analysts Dave Mohr and Izak Odendaal said the best time to buy was when pessimism was at its highest. The opposite was also true, however, they said, implying that caution had to be exercised when the economy was doing well. The all share index was on the cusp of bear market territory, after sliding to a 15-month low last week. The bear market is loosely defined as a drop of 20% or more from the peak, but some regard this threshold as simply psychological. Nearly 30 of the top 40 stocks listed on the local share market are in bear-market territory already, from banks to retailers, health-care, food and property companies, to name but a few sectors. Sentiment towards medium-sized companies by market value has been just as negative, partly reflecting SA’s poor economic growth prospects. The Public Investment Corporation (PIC) is probably feeling the sting of the downturn most, as its listed investments make up 12.5% of the market value of the JSE, which was R13.4-trillion a week ago. With R2-trillion worth of assets under management, the PIC invests on behalf of state employees and other statutory funds. Since the start of October, the all share was down 8.74%, according to Iress data, putting it on track for its worst monthly performance since the global financial crisis in 2009. A cocktail of factors have converged to knock the JSE, which is largely dominated by stocks of companies that make most of their money outside of SA. "Tech companies have raised the bar so high in recent years that the numbers reported by Amazon and Alphabet just weren’t quite spectacular enough, not at a time when investors are a nervous wreck and fleeing for safety at the first sign of danger," said Oanda senior market analyst Craig Erlam. Apple, the maker of iPhones and iPads, releases its quarterly results on Wednesday. With a market value of about $1-trillion, Apple is the world’s most valuable company and has contributed immensely to the US stock market rally over the past decade. In SA, Naspers shares will be closely monitored this week. The media and internet company has become the proxy of the market because it makes up nearly a fifth of the all share. Naspers has felt collateral damage due to its 31% interest in Tencent, the Chinese technology company. Tencent is feeling the squeeze of concerns about the slowdown in the Chinese economy, which analysts partly attribute to a tit-for-tat tariff spat between Beijing and Washington. The prospect of more interest rate increases from the US Federal Reserve has weighed on global markets. The Fed has hiked rates three times in 2018 and another hike is expected in December. Source https://www.businesslive.co.za/amp/bd/markets/2018-10-29-jse-nears-worst-monthly-performance-in-10-years/
  16. until
    Last month the S&P500 extended its bull market streak to the longest ever. Having bottomed on 9 March 2009 the index has not had a single 20% pullback in over nine years – a staggering achievement. But as surely as night follows day a bear market will follow a bull market and in this JSE Power Hour Simon Brown, founder of Just One Lap, will look at what could trigger a bear market locally and internationally. He will also discuss how we survive a bear market. How we position our portfolio ahead of the bear and what to do while the bear is running free.
  17. Good thing I live 15 minutes of walking away from my work and 5 minutes from 2 malls.
  18. I have the Charge 2 mine lasts 5 odd days, mainly because I use it a lot to track my workouts in the gym. @Carly1803 how long does your one last?
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