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Everything posted by Outlook

  1. South African media and e-commerce group Naspers has gained stock exchange approval to spin-off and list Multichoice, Africa’s biggest pay-TV business by subscribers, the company said on Monday. Multichoice stock will list on February 27, Naspers said in a Johannesburg Stock Exchange announcement, with the share capital going to current Naspers shareholders. So, who of you guys are buying the dinosaur?
  2. Outlook

    JSE Stock picks for 2019

    Can we add KAP to this list?
  3. Outlook

    Stock Watch Thread

    It feels so weird to think Steinhoff is now a mid-cap company.
  4. Female traders can be far more selective, as they spend more time evaluating before making a trade and have a calmer approach in financial storms. Previous research shows women trade less than men, but does not reveal why. Our analysis shows this greater delay between trades is there for a good reason. I worked with researchers Joakim Westerholm and Wei Lu to look at every trade women undertook in 28 major Finnish stocks usually most heavily traded by men. We chose Finland because it has by far the best data inclusive of gender and trader location. Although the population is small, we observe almost a million traders. The trades took place over a 17 year period, from 1995 to 2011. Normally, when conducting research like this, one might identify a trade made by a male. If the price rises in the next day, week, or month, that trade is supposedly successful, even if he sold that stock two years later at one half the price he paid for it. Since his counterparty, the person who sold him the stock, is unknown, they could be either male or female. Using this kind of research it is impossible to say which gender is better. But in our research we could track every one of the traders, and even identify where they lived or moved to. This is because Finland assigns a lifetime identity to every investor: institution and household (by gender within the household), such that every individual’s portfolio and every trade is fully identified on every day. We know that male traders took the other side of the trades we were studying. Knowing when to sell Ideally, traders try and sell when the price is high, even better when the price is unjustifiably high. But these opportunities do not arise every day and not all traders are equipped to detect them. For example, in Finland, females waited until 1998 to increase the rate at which they sold Nokia stock to men. Around that time, Nokia had not increased in price by 10%, or even 100%, but by 5,000% (yes, 50 times) due to pressure from US institutional investors. Similarly, in 2007-08, when Nokia once again boomed following it’s collapse in 2002, the rate at which female investors sold to men increased again. Their pessimism was justified as this boom preceded the global financial crisis collapse. Although male trading activity increasingly dominated female trading activity over the 17 years we studied, female trades were more successful. Female traders managed an annual internal rate of return of 43% on their Nokia holdings, and 21.4% across the 28 stocks. The males, meanwhile, had correspondingly high losses - negative returns of -43% and -21.4% on their completed trades. Why is there a difference? Our study shows female traders are far more “contrarian” than their male counterparts. They tend to buy stock following severe price falls and sell to males following substantial price increases. Females appear to lose money in the short-term (buying as prices fall, for instance), but gain in the longer-term following severe price reversals. Because of our ability to track trades over a long period, based on actual buy and sell trades, we can see that it is not valid to conclude from short-term price declines that females suffer losses. On average, females buy cheap and sell dear, indicating they are far more informed than males. This apparent contrarian trading strategy has the added effect of stabilising markets. In fact, the very large collective profit of 19 billion Euros that Finns made by trading with foreign (largely US) funds over the period of our study is due to the destabilising trend-following behaviour of the foreign institutions. These foreign institutions were easy pickings for both smart and informed Finns, whether they be households or domestic funds, indicating that traders are better off investing domestically in markets that they better understand and have an information advantage. To confirm this, we pitted males located in the Greater Helsinki region - near lots of company headquarters, against males located in the rest of the country. We similarly pitted females against other females based on their location. This experiment showed that locals tend to profit. But this didn’t hold across genders. Female traders located in Greater Helsinki profited even from trades with males in the same region, while females in the rest of the country also profited from their male counterparts. A striking feature of all our analysis is that Finnish households don’t behave in the manner that is depicted in standard finance texts. When they invest their own money they don’t diversify by holding the a representation of the “market”. In fact, on average the number of shares in their portfolio is only 3.4. Contrary, also, to popular belief, households trade very little compared to institutional investors. Very small and focused portfolios ensures far better management of the timing of trades. The results of our study show that females are far better traders than males when they use their own money. This could be because they are better at picking up nuances in markets than are males. Moreover, they are not carried away by the euphoria of rapidly rising prices, as Wall Street dominated by aggressive male investors, tends to be. A female invasion of Wall Street might not only see far more stable markets, but also a far lower likelihood of the next global financial crisis. Source: http://theconversation.com/why-women-make-the-best-stock-traders-74081
  5. What is this crap. Have we not been told time and time again, time in the market is much more important than timing the market?
  6. Mine will have to be buying CAPCO just before brexit. I was betting it won't happen.
  7. Outlook

    Ashburton Global 1200 ETF

    I think I will focus this new year to put my TFSA allowance into the Ashburton Global 1200 ETF. Do anyone else own this ETF? ETF Fact Sheet
  8. Outlook

    JSE HeatMap

    Where can I find a Heatmap of the JSE stocks? I would like to be able to filter based on a few selections like: Whole Market - excluding Warrants Top 40 Market Cap Top 100 Market Cap JSE Indices My google foo is failing me.
  9. Outlook

    Cheapest ETFs In South Africa

    The 4 cheapest (lowest TER) ETF's for Local Exposure: 1. Sygnia Itrix SWIX 40 ETF 0.15% 2. Sygnia Itrix Top 40 ETF 0.15% 3. Ashburton Top 40 ETF 0.16% 4. ABSA NewFunds Shari’ah Top 40 0.17% The 4 cheapest (lowest TER) ETF's for International Exposure: 1. Sygnia Itrix S&P 500 ETF 0.20% 2. Satrix S&P 500 0.25% 3. Sygnia Itrix Global Property ETF 0.25% 4. Satrix MSCI World 0.35% * All as of March 2018
  10. Outlook

    Stellar Capital

    Torre is de-listing not sure if that is good or bad for Stellar who own 57% of TOR
  11. Outlook

    The Bitcoin thread

    It's dropping hard -- I think I will buy some if it breaks $5k
  12. Outlook

    What happened to smalltalkdaily on twitter?

    Looks like he is back. https://twitter.com/smalltalkdaily
  13. Outlook

    Stock Watch Thread

    I bought R1500 worth of #DSY shares yesterday. Let's hope this banking venture pays off. I would like to catch a Capitec run in the coming years.
  14. Outlook

    Thoughts on Bank Zero

    My money is on this guy.
  15. Outlook

    Black Friday 2018: The best deals in South Africa

  16. Outlook

    Who has naspers shares?

    Consider it lesson learned, this is a stock which will turn around and kick you when you show doubt.
  17. Outlook

    Blue Label Telecoms

    I'm not sure (I don't own Blu yet), but The LM Nestadt Trust has bought almost R1 million worth of blue label shares this month, something is definitely cooking there.
  18. Outlook

    Satrix Momentum ETF

    I noticed these issues overtime as well. I definitely think Easy Equities are not up for the task technically, but can we imagine what this industry would be like if they did not come onto the scene? I sleep at night trusting that the regulators will ensure they cannot disappear with my money even with all the issues they have.
  19. Outlook

    Takealot Vouchers Thread

    You can use APP150 on the takealot app using a new account.
  20. Outlook

    Who has naspers shares?

    This must be the worst year Naspers has ever faced?
  21. Outlook

    Black Friday 2018: The best deals in South Africa

    Here is an article with a few companies that will be participating if you want to add it to the OP. https://mybroadband.co.za/news/gadgets/278275-black-friday-2018-great-specials-from-south-african-stores.html
  22. Facebook Hacked, 50 Million Users Affected Facebook “discovered a security issue” that the company said allowed attackers to “take over people’s accounts.” Facebook disclosed that hackers stole data from 50 million people on Friday. In a blog post, Facebook’s vice president of product management Guy Rosen said that the company’s engineering team “discovered a security issue affecting almost 50 million accounts.” “It’s clear that attackers exploited a vulnerability in Facebook’s code that impacted “View As,” a feature that lets people see what their own profile looks like to someone else,” Rosen wrote. “This allowed them to steal Facebook access tokens which they could then use to take over people’s accounts.” Rosen wrote that the vulnerability exploited by the hackers is fixed and Facebook is working with law enforcement. Facebook has a total of roughly 2 billion users, so the breach impacted approximately 2.5 percent of Facebook users. “We patched the issue last night and are taking precautionary measures for those who might have been affected,” Facebook CEO Mark Zuckerberg said in a call with reporters. The company is also resetting the access tokens of another 40 million people. “As a result, around 90 million people will now have to log back in to Facebook, or any of their apps that use Facebook Login,” Rosen wrote. The company is still investigating the incident. Rosen wrote that it doesn’t know who’s behind it nor where they are from. If you were one of the around 50 million victims, or the other 40 million users potentially affected, you should’ve been forced to log in again. Source: https://motherboard.vice.com/en_us/article/mbw3zb/facebook-hacked-50-million-users-affected
  23. Outlook

    Stock Watch Thread

  24. Outlook

    Pembury Lifestyle Group (PEM)

    PEMBURY LIFESTYLE GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/205899/06) (“PL Group” or “the Company”) ISIN Code: ZAE000222949 JSE Code: PEM UPDATE ANNOUNCEMENT ON SUSPENSION AND PUBLICATION OF RESULTS Shareholders are referred to the announcement issued on 2 May 2018 advising that as a result of technical IFRS and other key matters, there would be a delay in the finalisation of the audit and publication of the results announcement for the year ended 31 December 2017. In addition to the acquisition issues previously mentioned, the company also experienced poor accounting and controls during the second half of the year (primarily due to the appointment of a finance person who did not perform and who is no longer with the Company), which have subsequently been addressed. However, this only came to the attention of the Audit and Risk Committee (“ARC”) and Board meetings during March 2018 and the extent of the additional work and auditing required was not anticipated at the time. This necessitated additional resources and time to correct the information, which also required additional audit procedures. Regular meetings have been held by the ARC and Board during this period to actively address and monitor the situation. Measures have been put in place to avoid a repeat of this situation going forward. The audit is now substantially complete with the final IFRS and quality control reviews of the Annual Financial Statements taking place next week, with ARC and Board meetings set for the week thereafter to approve the results announcement, the Annual Financial Statements, and the Annual Report. The application will be made to the JSE to lift the suspension of trade in the Company’s securities once the Annual Report has been printed and posted to shareholders, which will be completed before the end of July 2018. BY ORDER OF THE BOARD Johannesburg 6 July 2018 SENS: https://senspdf.jse.co.za/documents/SENS_20180706_S401989.pdf
  25. Outlook

    Long 4 Life

    Very nice article with Brain Joffe and long 4 life -> http://moneyweb-2.instantmagazine.com/investor/the-moneyweb-investor-issue-46/its-early-days-for-long4life/