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TalkingCents -David 🎤💰 Profile picture
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Dec 15 • 6 tweets • 3 min read
Update:
Cymat Technologies Ltd

Financial report 👇🏽
1/ Catch up

“Cymat Technologies is an innovative materials technology company”

#smallcaps #canadiancompany
2/ Financials

Their sales for the quarter were approximately $1.1M

in comparison to $0.9M for the comparable quarter of the last fiscal year.

Read the full report here:

prnewswire.com/news-releases/…
3/ Investors

Read more about what they are doing and why investors are excited about this company.

#technology #EV
4/ Clients

They continue to add clients and are selling to industries that have major growth opportunities.

#Defence
That’s it, that’s the tweet.

It’s a sponsored ad to share their updated financials.

You can follow them @CymatTech to stay up to date with company announcements.

• • •

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More from @talkcentss

TalkingCents -David 🎤💰 Profile picture
Dec 15
Mining production in South Africa fell by 10.4% year-on-year in October of 2022.

This was the ninth consecutive month of falling mining activity.

(Short thread)
1/ Contributors

The largest negative contributors were:

• PGMs (-32.5%)
• Gold (-6.3%)
• Diamonds (-22.5%)
• Manganese ore (-10.5%)

Source: @StatsSA

Why though?
2/ Reasons

- Load-shedding
- Global slowdown
- Extortion syndicates
- Crippling infrastructure

If we look ahead into 2023, the global economy is facing significant headwinds and an economic slowdown (recession)

This will add more pressure to the S.A mining industry.
Read 8 tweets
TalkingCents -David 🎤💰 Profile picture
Oct 27
I earn R800 000 a year

This is what it looks like

(Thread ) 👇🏽
1/ TAX

I fall in the 39% tax bracket.

R800 000 - R641 400
= R158 600
( 39% of R158 600)

R170 734 + R61 854 =
R232 588

I end up paying R232 588 in annual taxes =
( R19 382.33) a month
2/ Breakdown

My R800 000 annual salary is actually now R567 412

= R47 284 .33 a month ( $2 626 )

(Excluding rebates, etc).
Read 9 tweets
TalkingCents -David 🎤💰 Profile picture
Oct 14
You will stay poor if you don’t read this thread about interest rates.

( Let’s unpack ) 👇🏽
1/ Introduction

We’ll start off with breaking down what most of you may already know.

But by the end of this thread you’ll understand how interest rates truly work.

Let’s run through terminology first before diving in. 👇🏽
2/ Glossary

-Loan:

Money that is borrowed to buy something, also known as the principal.

-Interest:

The extra money you must pay for borrowing the principal.

-Repo Rate:

The Rate at which a central bank (SARB) lends to commercial banks.
Read 24 tweets
TalkingCents -David 🎤💰 Profile picture
Oct 12
The 4 ways to make money

(Thread) 👇🏽
1/ Trade time

It’s very difficult to get rich giving up your time for money. Because you only have a certain amount of time - it’s finite.

The idea here is to make your time more valuable - having a skill, etc.
1.1/

The only problem with making time more valuable in this sense is
that your time is still finite - there is a cap in your earnings potential - no matter how skilled you are.

For example,
doctors earn more, but still trade their time - so there is a cap in earnings.
Read 17 tweets
TalkingCents -David 🎤💰 Profile picture
Sep 15
Let’s talk Exchange Rates and Forex for beginners

( Thread ) Image
1/ Glossary

Appreciation:

Is an increase in the value of one currency in relation to another currency.

Depreciation:

Is when a currency falls in value in relation to another currency.

Let’s look at what I mean 👇🏽
2/ Currency Pairs

USD/ZAR (Dollar and Rand)

• Base currency is the 1st currency listed in the pair (USD)

• Quote currency is the 2nd currency listed in the pair (ZAR)

This shows us how many units of the quote currency is needed to buy the base currency. Image
Read 20 tweets
TalkingCents -David 🎤💰 Profile picture
Sep 13
Deposit on the house is secured

I’m getting a joint bond for the purchase of an investment property.

Find out why 👇🏽
1/ Property in South Africa

The next monetary policy meeting in South Africa is scheduled for 22nd September

(Never work with the current rate, I always work with 1% higher, to account for extra costs)

Current rate:

Repo Rate: 5.5%
Prime: 9%

Trend👇🏽
2/ Reasons

As interest rates rise, equity valuations compress,

I’m shifting into the lower segment part of the property market and reducing risk by getting a joint bond

I’m Allocating more to ETFs, REITs, defensives, and I have been building dollar cash positions.
Read 10 tweets

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