On 13 August Wescoal, a small coal miner on the JSE, had sales equaling to 3.5 million shares for the day.
This is roughly equal to 18 times the average shares traded per day - for the last year!
Clearly there was major interest in the company…
And, considering that volume trade in the company is 30% higher since July than it has been for the past year you'd be right to guess there's so... ››› more
Imagine if you made a 32,377% return in one year…
It would've turned a R1,000 investment into R323,770!
Well the incredible thing is one crypto managed to achieve exactly this in 2017.
Ripple's XRP coin - the third largest crypto by market cap today.
But despite such an incredible run last year, here's why you must avoid it in 2018.
Special: I’ve Reserved a Copy of... ››› more
Trump dialled down his trade war antagonism by pushing for less tariffs with Europe. This saw investors focus on other data which provided support for riskier assets like the Rand.
Last week we had a positive BRICs summit, the ECB held interest rates steady, US advance GDP came out at 4.1% from 2.2% previously, and China indicated a willingness to ease monetary policy further to support domesti... ››› more
In June, I revealed “The worst kind of crypto you can own” to my MoneyMorning readers.
Now, if thought this was a bad crypto, you haven't seen anything yet.
You see, recently, another new crypto has been making headlines, not globally, but interestingly, right here in South Africa.
It's called SAFCOIN and it just launched an initial coin offering (ICO) exclusively to South African inv... ››› more
Even though President Trump hasn't slowed down on his “Trade War” rhetoric, indicating he would levy tariffs against another $500 billion of Chinese goods, global markets are pushing higher. It's doing this on the back of positive earnings releases. We're almost a fifth of the way through Q2 earnings season and so far, 87% of US companies are beating analyst's forecasts.
When considering a... ››› more
The JSE was one of the few markets that ended last week lower. The Rand strengthened on the back of China being more passive in the “Trade War”. Commodity prices also pulled back last week causing the resources sector to impact the market performance. We've given up all the recent gains and are back in buying territory.
SA equities are cheap when you compare the median P/E ratio of the All... ››› more
When a deal this good pops up, it must go out, no matter what the publishers say!
Uncertainty spiked at the start of the year and it was very difficult to get good prices on guaranteed investments. Most financial institutions erred on the side of caution and charged extra for protection.
Luckily, my persistent research and patience has paid off and we've found a diamond in the rough!
... ››› more
Back in 2015 I made a quick 56% return from Trustco Holdings. Back then, the share looked like it had a lot of promise.
And had I held on, I could've made even bigger gains as the share continued rising - now sitting at R10 a share from its 2015 lows of 255c.
But my reasons for selling the share were, and are still valid.
The CEO sold personal assets to the company under questionable cond... ››› more
After a wild two weeks, the Top40 is quickly approaching a key resistance level as the US dollar softens. This is on the back of US Jobs data that signals the Fed will hike gradually and that “Trade War” fears have subsided.
This risk on sentiment has seen investors buying the dip and remaining bullish. Last night we had the Dow up almost 1% and the S&P up 0.70%. This will provide some sup... ››› more
Between 29 June and 03 July, the crypto market rose over $40 billion.
The market jumped from $233 billion to $276 billion in just 4 days.
Even the entire top 100 cryptos increased by double digits.
Now you may be thinking, “But that's the nature of crypto markets. what's so special about this?
Well, I'm sure you seen how the crypto market has been steadily bleeding for months now. E... ››› more
Wescoal's share price is up from 160cps on 19 April 2018, to 220c today.
That's a 37.5% increase in two months!
And I'm expecting more upside.
You see, as I recently told my Red Hot Penny Shares readers, Wescoal should hit fourfold production growth in 2018/2018 compared to 2016.
And even though Wescoal is still 19% below its 2017 high, there's more than enough evidence to suggest the ... ››› more
Have you ever heard of the hit US comedy show called Silicon Valley?
It's centred around five “geeky” guys who develop a start-up
company in the hopes of striking it big in Silicon Valley.
If you're into tech, this is a TV show you should definitely be watching.
It's not a serious show, but this last season in 2018, Silicon Valley predicted a major development in the world of crypto.... ››› more
Last week was a busy week with the market sailing through a gauntlet of central bank meetings, escalating trade tensions and a historic meeting between the US and North Korea.
Surprisingly the JSE held up relatively well buoyed by a weaker Rand. We've also seen volatility (measured by the VIX) drop back towards 12, a level that signals the market might not be pricing in the risk of a “Trump ... ››› more
This week is full of event risk; the US interest rates announcement, the market expects a 25-basis point increase, with an 85% probability, US and North Korea summit, US CPI, UK unemployment, ECB committee meeting and Italian policy uncertainty.
All of these could push investors towards less risky assets in developed markets.
Short term traders should focus on Rand sensitive shares as volati... ››› more
Did you know in a 200-year period, nothing has come close to matching the long-term compounded returns of stocks?
In a study conducted by University of Pennsylvania finance professor, Jeremy Siegel,
showed that every $1 invested in:
• Treasury Bills, grew to $5,061
• Bonds were worth $18,235
• Gold rose to $32.84 204
And stocks returned a phenomenal $12.7 million.
But do... ››› more
Extremely wealthy people don't invest in ETF's. They don't buy properties from estate agent listings… They buy into private deals. They buy businesses before they even list on the stock market…
And, they typically do the opposite of what textbooks tell you to do…
They don't invest in hundreds of businesses and ‘diversify' their holdings by industry, country and market… They tend to... ››› more
Q1 GDP coming out at -2.2%, the worst since Q1 2009, reflects that the Ramaphoria optimism has not resulted in any tangible results and likely kept investors complacent.
The rand strength is hard to explain and perhaps it will weaken while investors and portfolio managers digest the impact of these GDP figures on their investments.
Look to pick up the quality rand hedges that have been sol... ››› more
Look at the graph below…
It may look like your typical graph of a company's share price, but it's not. And if it was, you'd better be worried.
But this graph actually depicts what a shrinking stock market looks like.
And right now, you need to know what it means and the investment approach you must take if you have any chance of making money from the JSE.
It... ››› more
Two weeks ago, you heard that the wealthiest families, the Rockerfellers and Rothschilds, are buying cryptos.
I also explained the game-changing events happening in the crypto market right now - especially with Bitcoin and Ethereum.
Quite frankly, we're on the cusp of something major in the crypto world.
And if you're invested in crypto, then you're definitely going to like what about ... ››› more
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