We have not researched a stock on the TL in a very long time. I am back now. Class is back in session📚

We will take a JSE favourite who has been knocked by the pandemic. We all respect them for what they do for Vitality of their members.

Let's dig much deeper into DISCOVERY📚 Image
I am going to use the sheet to guide me, as always.

Time allocation, whether it takes you a week or 30mins:

75% - Understanding the Business
15% - Financials
9% - Management & Culture
1% - The share price itself Image
The person who can tell me something about Discovery that I never knew (coz they dug that deep), wins a R250 @EasyEquities voucher on Friday

Disclaimer: You do not have to invest it into Discovery😂

Start digging
@EasyEquities Coz I love you guys...I want you to dig into the blue and red...

We all know Covid killed the "Established businesses".

With Adrian Gore, the magic happens in with:

"Emerging businesses" (blue)
"Where he is spending billions" (red)

That commentary is "hint-hint" Image
Have you ever heard of this "little" Discovery business called PING AN HEALTH??? Image
China has over 1 billion people. Whenever a SA company slowly starts building positions in China, I take notice📚 Image
When Discovery started reporting on Discovery Bank a few years ago, those red circled read "(excluding Discovery Bank)"🤯

Sometimes you need to learn to read between the lines in what companies are NOT saying

📚📚📚 Image
From the entire 121 pages of the Discovery Annual report, this page sums it all up

Discovery aims to be the leading financial services provider impacting 100 million lives. I always look at where companies are going...NOT where they have been📚

Will unpack the risks tomorrow❗️ Image
Today, I wanna unpack the risks related to Discovery and also look at the valuation

Discovery currently captures approximately 32% of the retail-affluent segment of the SA market. That is a huge market share, so exactly where will future growth come from?

Peak at competitors👀 Image
According to owler.com $DSY has revenue of $2.5bn, $OMU 1st with $10bn. $OMU however plays in only certain $DSY sectors and is also 150 years older. We can't compare the two outright.

I compared $DSY to its immediate competitors, which are "tiny" medical aids

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More from @SoulFairy3

5 Oct

Crypto (for short) is internet money. To understand crypto, you need to understand money.

So what makes money money?

Thread 🧵
Money must have all 3 of the below:

1. Enough people must have it.
2. Merchants must accept it as a form of payment.
3. Society must trust that it’s valuable and that it will remain valuable in the future.
Our current money was designed thousands of years before the internet (bartering to fiat).

Money designed thousand of years ago CAN NOT and DOES NOT cater for the internet. It is that simple!!!

We needed a new currency that can keep up with the internet.
Read 16 tweets
1 Oct
Imposter syndrome, also called perceived fraudulence, involves feelings of self-doubt and personal incompetence that persist despite your education, experience, and accomplishments.

I had this badly for years

What my shrink made me do👇
many of you know I am a chartered accountant and that those exams are dam hard. I passed both exams on the first attempt. Instead of celebrating like other kids, I thoroughly believed the markers made a mistake TWICE

Yes, it sounds ridiculous now, but I believed it with my heart
I took these rubbish thoughts into my entire career that followed. Whenever I went for an interview, I got the job. I was never rejected. AGAIN, I thought I just had a smooth mouth. LOL.

I got promotion after promotion and still I waited for them to catch me out😭
Read 9 tweets
10 Sep
Ways to make money online:

1. Surveys
2. E-books
3. Courses
4. Monetize your YouTube channel
5. Affiliate Marketing (Gumroad and Fiverr)
6. Flipping products
7. iPhone Repairs (you can teach yourself this)
8. Ads (if you have a large account)

Start today📚📚📚
1. Surveys

Please follow @surveypapi I learnt everything I know about surveys from him. I do a few a month. Got some pounds for my efforts.

I invest all survey income🚀
@surveypapi 2. E-books

A passage from my ebook

Everyone has a story to tell. Your story is unique. Writing an e-book takes time and preparation, but it is very rewarding. Surviving a traumatic experience, overcoming grief, competing at the Olympics or completed your first marathon...write
Read 9 tweets
13 Aug
How to read an Income Statement 101

I use this website app.tikr.com

You can type in any company and it will display the financials.

Let's use Aveng of course
Red is bad. Black is good.

An Income Statement shows you if a company made profits or losses.

It contains all the income and all the expenses of the company
You start at the top with Revenue. This is the sales the company made. Think of it as the heart of any business. We all start a business to make sales.

You want this number to increase year on year, right???

Let's not worry about inflation now. This number must grow annually
Read 9 tweets
12 Aug
How to read financial statements 101

This is an income statement. It tells you if a company made profits or losses. Profits are black, losses are red.

So even if you are like Soul and you can't read...just look at colours okay
This is a balance sheet. This tell you the assets and liabilities. Sorry, here you need to read, but I will highlight the assets and liabilities okay.
This is a cash flow statement. It tells you if a company made cash or if they are eating up cash. Again, black is good. Red is bad.
Read 7 tweets
12 Aug
Something that I really struggled understanding for the longest time. Not sure how you guys feel?
An ETF is usually a passively managed index fund that trades on a stock exchange. I always tell people it is a basket of shares.

Lets say you buy the Satrix JSE Top 40. Satrix buys the actual shares of the Top 40 JSE companies and you own a piece of each.
ETF's are passive because they don't go buy and sell shares daily in there. If a company ie drops out of the JSE top 40, that's the only time Satrix will go and change the basket.
Read 10 tweets

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