1321
My broker's Fair Value is R18.00
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1322
The story of my life. Once again the markets have shown me the middle finger. Sold PNC at 6.99 to preserve my money just before the SENS and before this new development with the bribery case. To top it all, I bought ADI with my loss and now am loosing more. Eish. 
1325
Shares / Red Hot Penny Shares.
« on: August 20, 2014, 09:00:24 pm »
Making money with RHPS is a myth. I started off with subscribing to this junk when I saw their brochure.
They start with this hypothetical explanation of how you can retire within 3 years with a minimal amount.
1. Had you bought shares in X at 20c on this date, and sold 6 weeks later, you would have made a gain of 180%.
2. Now, had you bought Y at 55c with your gains from above and sold 12 days later, you would have made a further 70%.
3. You have now made 250% profit in 54 days. Now if you bought Z with all your profits at. ......
This carries on until you could have made thousands of percentage points profit.
Looking at the charts that they also add in the brochure, you will see that all the Buys and Sells are at the very low and very high points. So it is hindsight and hypothetical.
So I started off with Alert steel. Recommended by them to buy but not when to buy.
Took me many days to find a seller at my price after increasing the buy price a few times to attract the fish to my bait so to speak.
What a disaster when I tried to sell at a profit. Took me 3 weeks of constantly shuffling the price to eventuality sell at a loss.
Needless to say that all their further "tips" went in the round filling cabinet at my feet.
They start with this hypothetical explanation of how you can retire within 3 years with a minimal amount.
1. Had you bought shares in X at 20c on this date, and sold 6 weeks later, you would have made a gain of 180%.
2. Now, had you bought Y at 55c with your gains from above and sold 12 days later, you would have made a further 70%.
3. You have now made 250% profit in 54 days. Now if you bought Z with all your profits at. ......
This carries on until you could have made thousands of percentage points profit.
Looking at the charts that they also add in the brochure, you will see that all the Buys and Sells are at the very low and very high points. So it is hindsight and hypothetical.
So I started off with Alert steel. Recommended by them to buy but not when to buy.
Took me many days to find a seller at my price after increasing the buy price a few times to attract the fish to my bait so to speak.
What a disaster when I tried to sell at a profit. Took me 3 weeks of constantly shuffling the price to eventuality sell at a loss.
Needless to say that all their further "tips" went in the round filling cabinet at my feet.
1327
Shares / Re: Adaptit Uncertainty
« on: August 20, 2014, 01:03:38 pm »
No director suspended. Are you not confusing it with PNC?
I just bought ADI today after some research. The acquisition of Aquilon with the warranty of minimum profits in place for the next 2 years have now been calculated forward and seems correct. This puts ADI in good stead going forward plus the relatively high price will be corrected by its performance.
With such good results, I cannot fathom why it is not shooting the lights out.
I just bought ADI today after some research. The acquisition of Aquilon with the warranty of minimum profits in place for the next 2 years have now been calculated forward and seems correct. This puts ADI in good stead going forward plus the relatively high price will be corrected by its performance.
With such good results, I cannot fathom why it is not shooting the lights out.
1330
Shares / Re: Metair. Titan or Titanic?
« on: August 13, 2014, 07:12:38 pm »
I've been expecting this for a long time. This is not purely an auto company and should not be seen as such. Even if we don't buy new cars, we will still need batteries and other spare parts to keep our old cars running not so?
Soon it will become compulsory in many countries to have their start/stop batteries fitted to all new cars for greener emissions.
Then their ultra reflective street lamps will slowly take off worldwide as they use lower wattage globes.
This can only be a future tytan stock for years to come especially once the loan has been paid off.
Watch this space.
Soon it will become compulsory in many countries to have their start/stop batteries fitted to all new cars for greener emissions.
Then their ultra reflective street lamps will slowly take off worldwide as they use lower wattage globes.
This can only be a future tytan stock for years to come especially once the loan has been paid off.
Watch this space.
1334
Shares / Re: Shares vs compound interest
« on: July 31, 2014, 08:01:08 pm »
Erwin, you will need to use the first in, first out method (fifo) and not the weighted average in your case. In other words, you can start selling your shares monthly after 3 years. Only the amount of shares you bought 36 months back at earliest.
This takes some work as you need to file each purchase monthly with the cost price (not share price). Plus management fees and other charges.
If you want to buy/sell shares, you must do your bookkeeping and filing religiously otherwise you will get into the mess I was in. It will also save you some coronary events or infarctions.
This takes some work as you need to file each purchase monthly with the cost price (not share price). Plus management fees and other charges.
If you want to buy/sell shares, you must do your bookkeeping and filing religiously otherwise you will get into the mess I was in. It will also save you some coronary events or infarctions.
1335
Shares / Re: Shares vs compound interest
« on: July 28, 2014, 07:57:38 pm »
Ja nee. P is quite right. On the long term cash is not king. Had you invested in stocks before the devastating 2007/8 markets crash, you would still be better off now than if you had cash in fixed deposit or the like.
When to buy is a whole new topic. Monthly subs as you intend to do is great but you would do very much better to not buy at expensive levels. This you need to learn by looking at a simple chart of the stock or index.
Bear in mind that you cannot time stocks but you can see if it is overpriced or cheap.
Had I listened to me now years ago, I would be quite wealthy by now. To be exact, I would have been 9 fold better off and my wife is still kicking my ass.
As to your tax remark. SARS has become very strict since efilling got itself invented. My rough guess is that 90% of efilling is computed and does not need human intervention. The ones that do are the self employed/traders/investors that book profits without an IRP5. SARS now has more time to investigate the 10%. Most now will be audited but the audit is simple. They ask for supporting documents. If they don't understand them, you will get mail stating that they accept your result but they reserve the right to redo the audit at a latter time but by then it would prescribe and you off the hook like me.
When to buy is a whole new topic. Monthly subs as you intend to do is great but you would do very much better to not buy at expensive levels. This you need to learn by looking at a simple chart of the stock or index.
Bear in mind that you cannot time stocks but you can see if it is overpriced or cheap.
Had I listened to me now years ago, I would be quite wealthy by now. To be exact, I would have been 9 fold better off and my wife is still kicking my ass.
As to your tax remark. SARS has become very strict since efilling got itself invented. My rough guess is that 90% of efilling is computed and does not need human intervention. The ones that do are the self employed/traders/investors that book profits without an IRP5. SARS now has more time to investigate the 10%. Most now will be audited but the audit is simple. They ask for supporting documents. If they don't understand them, you will get mail stating that they accept your result but they reserve the right to redo the audit at a latter time but by then it would prescribe and you off the hook like me.