901
Off topic / Re: Under attack!
« on: August 23, 2013, 09:46:32 am »
Too slow to browse/post. Pity - hope it improves soon.
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902
Shares / Re: Pulverized Sand Box
« on: August 22, 2013, 07:23:24 pm »
Ja, it's a graph thing, just like a mercator projection of the earth distorts the poles and Greenland looks so big it's scary. 
Check out the green highlighted area, the dates and closes for OCE in my gif below.
The gain is 548,57% between Sept 1 1993 and Jan 1 2002 !
Check out the green highlighted area, the dates and closes for OCE in my gif below.
The gain is 548,57% between Sept 1 1993 and Jan 1 2002 !
903
Shares / Re: All things ZA economic outlook
« on: August 22, 2013, 02:58:00 pm »Rand will be closer to R11/$ by year end - expert
and another take pro a stronger Rand.
Don’t write the rand off yet – economist
904
Shares / Re: Metrofile (MFL)
« on: August 22, 2013, 02:41:41 pm »
Thank you gcr, that certainly is something to take into account. Over 5yrs. the p.a. return is 45% , but who knows going forward given
your reasoning for holding off.
your reasoning for holding off.
905
Shares / Metrofile (MFL)
« on: August 22, 2013, 01:28:18 pm »
Views on this one ?
and compared to CML, NPN, OCE......
and compared to CML, NPN, OCE......
907
Off topic / Re: Govt. Bonds - How say in Afrikaans ?
« on: August 22, 2013, 12:55:45 pm »Ek het ook nie geweet nie.Ja, en wat van bonds wat nie staatseffekte maar corporate bonds is ?
Google Translate sę: 'Staatseffek' maar niemand gaan weet waarvan jy praat nie.
908
Off topic / Zuckerberg unveils plan for Internet access for all
« on: August 22, 2013, 09:14:06 am »
Free to the world.
Zuckerberg unveils plan for Internet access for all
You wanna buy some Facebook stock ? (Maybe feast or famine).
Zuckerberg unveils plan for Internet access for all
You wanna buy some Facebook stock ? (Maybe feast or famine).
909
Shares / Re: All things ZA economic outlook
« on: August 21, 2013, 04:28:12 pm »A sane RBG should really see the need to raise rates. Our real rates are negative whereas in the US they are postive to the tune of nearly 3%.
We will trundle along as we have done under Zuma until he is retired, removed, gone. Big business are in limbo until clear economic policies are there to encourage growth coupled with a revision of the more onerous labour laws. Cut the red tape for small business & if possible get the stealing down to R10 billion per annum. Sorry to see Vavi plot his own downfall as this will embolden Zuma even more. Lets wait and see who emerges front & centre at the 2014 trough.
If Marcus does raise rates banks & credit retailers will be a screaming short.
That coupled with a weakening Rand, and 6.3% CPI (latest), and no one should be surprised that funds are being 'repatriated' to the US and to
a lesser extent to some Eurozone countries. An increase in rates would help to stem the ouflow and our JSE would not suffer unduly. ROE would
then also turn, but that depends on other variables as well, like the current account deficit and the points you have mentioned.
No gain without pain as they say at the gym.
910
Shares / All things ZA economic outlook
« on: August 20, 2013, 05:27:41 pm »
All our woes in a nutshell. Interest rates should really be increased to counter some of the outflows.
No Peace at Mines Exacerbates Risk: South Africa Credit
No Peace at Mines Exacerbates Risk: South Africa Credit
Quote
More than a year after South Africa’s worst mining violence since the end of apartheid, platinum mines are still striving to restore peace, a factor driving up the nation’s default risk faster than for emerging-market peers.
Quote
Current account and fiscal deficits, slower economic growth and the lowest interest rates in more than 30 years leave South Africa vulnerable to external shocks, Mphaphuli said. The nation needs average inflows of 16 billion rand ($1.6 billion) a month to finance the shortfall on its current account, according to Standard Bank Group Ltd. (SBK), Africa’s largest bank.
Foreign investors have sold a net 6.23 billion rand of bonds since May 22, when Federal Reserve Chairman Ben S. Bernanke said the U.S. may reduce monetary stimulus that has helped boost demand for emerging-market assets. Inflows have dropped to 24.8 billion rand this year, compared with 63.1 billion rand a year earlier, according to JSE Ltd., which runs the nation’s stock and bond exchanges.
911
Shares / Re: Today's Outlook
« on: August 20, 2013, 10:09:39 am »
Well I never! From where I am sitting I see no rosy prospects at all.
http://www.bdlive.co.za/economy/2013/08/20/reserve-banks-leading-indicator-rises-again-bodes-well-for-growth
Quote
SOUTH Africa’s composite leading business economic indicator continued to rise in June, suggesting that the country’s growth prospects are improving.
The indicator rose 2.4% year on year in June, the Reserve Bank said on Tuesday.
It bottomed at a 0.1% increase in March‚ before rising by 1.3% in April and 2% in May, the Bank’s data show.
The indicator provides a guideline for economic growth for at least six months ahead.
Positive influences on the indicator in June were a widening of the interest rate spread, as well as an acceleration in the six-month smoothed growth rate in real M1 money supply.
The main negative factors included a drop in the number of residential building plans passed, followed by a decline in the export commodity price index.
http://www.bdlive.co.za/economy/2013/08/20/reserve-banks-leading-indicator-rises-again-bodes-well-for-growth
912
Off topic / German finance ministry recognises Bitcoin as currency
« on: August 18, 2013, 09:02:26 am »
913
Off topic / How economies have fared since their pre-recession peaks
« on: August 17, 2013, 04:21:32 pm »
Among the big euro-zone economies only German GDP now exceeds its pre-crisis peak, by 2%. A recent European Central Bank survey forecast that GDP for the whole of 2013 would be 0.6% lower than in 2012, and that it would grow by only 0.9% in 2014. The end of the recession will give heart to European leaders but weak growth will still leave the euro area vulnerable to social and political discontent. (Source: The Economist)
914
Shares / Re: Today's Outlook
« on: August 16, 2013, 03:31:17 pm »Quote
Housing starts hit an annualized rate of 896,000 units during July, which was essentially in-line with the 895,000 Briefing.com consensus estimate. Prior month figures were revised upward to reflect an annualized rate of 846,000 starts (from 836,000). As for building permits, they increased to 943,000 from the prior month's upwardly revised rate of 918,000 (from 911,000). That was slightly above the pace of 934,000 that had been expected among economists polled by Briefing.com.
Separately, second quarter unit labor costs increased 1.4%, which was noticeably higher than the 0.3% decrease that had been anticipated by the Briefing.com consensus. During the same period, productivity increased 0.9%, according to the preliminary reading. The consensus expectation was for no change.
Tepid, but nevertheless supportive of the FED to begin tapering soon. $ up and S&P futures slightly up.
915
Shares / Re: Naspers (NPN)
« on: August 14, 2013, 02:38:28 pm »
The reason for NPN's drop today ..
Tencent misses estimates
If you consider buying for the long term like me, take into account :-
Tencent misses estimates
If you consider buying for the long term like me, take into account :-
Quote
“E-commerce is growing at a rapid rate, it’s a low margin business,” Billy Leung, an analyst at RHB Research Institute Sdn. in Hong Kong, said by phone before the earnings. “If there’s any down tick in the e-commerce margins, that could drive down the bottom line. E-commerce is a double-edged sword.”