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Wayland Group DD

I want to use this thread to present the key findings of going through recent Wayland news releases. Everything shown here is public accessible. I have no intention to accuse someone of fraud or something like this, just asking questions ....

Feb 20 2019: Wayland Group Provides Corporate Update
I do not want to speak about the well below average generated revenues nor the revenue forecasts. Just as a side note: Ben had a forecast of ~ $15,000,000 for Q4 2018 (October – December 2018). The corporate update states $1,305,033 for Q4 2018 (< 10 percentage of the forecast). In addition, you cannot whitewash the 480% increase to the previous quarter.

“Wayland has also entered into an agreement to obtain additional funds to support the expansion of the Company’s global footprint and fund development of its flagship Langton facility. This agreement is with certain investment funds managed by Alpha Blue Ocean Inc. (“Alpha Blue”) a money manager based in London, United Kingdom with a strong track record of partnering with public companies and delivering meaningful value to their shareholders.”

Founder and CEO of Alpha Blue Ocean Inc. is Pierre Vannineuse (https://www.linkedin.com/in/piervan/)

Ok let’s have a look at their strong track record:

JUN 21 2018
QuickCool AB (Publ) ("QuickCool" or the "Company") has entered into a financing agreement with European High Growth Opportunities Securitization Fund through its financial advisor Alpha Blue Ocean Inc.
See: http://news.cision.com/quickcool/quickcool-ab-enters-into-a-financing-agreement-with-european-high-growth-opportunities-securitizatio,c2554476

See performance since financing: https://i.imgur.com/j7HxzPk.png

Okay next
MAR 28 2018: CybAero and European High Growth Opportunities Securitization Fund (“EHGO”), advised by Alpha Blue Ocean Advisors Ltd, member of the Alpha Blue Ocean Investment Group (“ABO”), has now signed an agreement regarding a financing solution of up to SEK 52.5 million in the form of thirteen convertible loans, the first loan of SEK 4.5 million and the following twelve loans each of SEK 4 million.
See: http://news.cision.com/cybaero/cybaero-signs-agreement-with-alpha-blue-ocean-for-up-to-sek-52-5-million,c2483046

Seriously? Just 3 months later:
June 22 2018: Sweden’s largest military drone maker files for bankruptcy
“CybAero had provisionally negotiated a financing solution with the Luxembourg-based European High Growth Opportunities Securitization Fund, or EHGO, to raise $6 million in the form of 13 convertible loans. The EHGO had hired the London-based Alpha Blue Ocean Advisors to mediate a deal. The first tranche in this solution involved a bridge loan amounting to $227,000.
Nasdaq First North rejected this first tranche arrangement and insisted that, in order for trading in its share to resume, CybAero needed to place a minimum of $114,000 in escrow on a authorized bank account. Moreover, Nasdaq First North launched an investigation to determine if the negotiated financing solution violated stock exchange rules.”
See: https://www.defensenews.com/newsletters/unmanned-systems/2018/06/22/swedens-largest-military-drone-maker-files-for-bankruptcy/

Also see: https://simplywall.st/stocks/se/capital-goods/sto-cba/cybaero-shares/news/will-you-be-burnt-by-cybaero-abs-stocba-cash-burn/

Okay next
Feb 20 2018: MOLOGEN AG enters into financing agreement with Alpha Blue Ocean's European High Growth Opportunities Securitization Fund
See: https://www.dgap.de/dgap/News/corporate/mologen-enters-into-financing-agreement-with-alpha-blue-oceans-european-high-growth-opportunities-securitization-fund/?newsID=1053753

See performance since financing: https://i.imgur.com/JXVJ7yq.png

Okay next
19 March 2018: Cereno Scientific enters into a financing agreement with European High Growth Opportunities Securitization Fund through its advisor Alpha Blue Ocean
See: https://www.cerenoscientific.se/en/en/ehgo_agreement

See performance since financing: https://i.imgur.com/CS7rq5y.png

Okay next
10 Jan 2018: FIT Biotech's EUR 10 million financing agreements' share loan and first part of commitment fee related shares have been handed over today to Alpha Blue Ocean
See: https://www.pm360online.com/fit-biotech-oy-fit-biotechs-eur-10-million-financing-agreements-share-loan-and-first-part-of-commitment-fee-related-shares-have-been-handed-over-today-to-alpha-blue-ocean/

See performance since financing: https://i.imgur.com/N0XhSQp.png

FIT Biotech Oy Company release 20.02.2019 at 14:30 EET
Liquidity crisis, request for a tranche and changes to financial calendar and date of the Annual General Meeting
Despite the financing agreement in force, Alpha Blue Ocean (”ABO”) has not paid tranches envisaged by the agreement since 12 November 2018. This has resulted in a liquidity crisis in FIT Biotech Oy (”Company”). The Company has today filed a latest request for a tranche with ABO. Unless ABO pays this tranche by 22 February 2019, Company will have to file for bankruptcy.
See: https://www.marketscreener.com/FIT-BIOTECH-OY-22752983/news/FIT-Biotech-Oy-Liquidity-crisis-request-for-a-tranche-and-changes-to-financial-calendar-and-date-o-28037452/

I think you are able to recognize the pattern. However the best is yet to come. Just google “alpha blue ocean death spiral”. Same type of financing for Element ASA – a Norwegian based mining company.

“The Induct Manager will demand a million dollar compensation from the "Death Spiral Mortgage Company" Alpha Blue Ocean Stock Exchange and Finance”
See: https://vaaju.com/norway/the-induct-manager-will-demand-a-million-dollar-compensation-from-the-death-spiral-mortgage-company-alpha-blue-ocean-stock-exchange-and-finance/

Why Would a Company Want Death Spiral Financing?
“A company that seeks death spiral financing basically has no other option to raise money to survive.”
See: https://www.investopedia.com/terms/d/deathspiral.asp

See also:


Biotech Firms Run Away After Industry Party With Topless Dancers
See: https://www.bloombergquint.com/business/after-biotech-party-features-topless-dancers-firms-pull-support#gs.RO9Bf8oK

https://i.imgur.com/oQ4n3TC.png
Haha … Sean?

Also have a look after Pierre Vannineuse other investing company Bracknor IG. I did not check, but it possibly has a similar track record.

I could go on like this, but I think you got it. So this means “strong track record and delivering meaningful value to their shareholders.” for Ben?

Next news release:
Feb. 07, 2019: Wayland Group Receives EU-GMP Certification for German Facility
“Wayland Group is pleased to announce that it has received both Good Manufacturing Practices and Good Distribution Practices certifications from the national authority in the State of Saxony for the Company’s Ebersbach facility in Germany.”
See: https://globenewswire.com/news-release/2019/02/07/1711837/0/en/Wayland-Group-Receives-EU-GMP-Certification-for-German-Facility.html

Welcome to EudraGMDP
EudraGMDP is the name for the Union database referred to in article 111(6) of Directive 2001/83/EC and article 80(6) of Directive 2001/82/EC. It contains the following information:
· Manufacturing and import authorisations
· Good Manufacturing Practice (GMP) certificates.
· Statements of non-compliance with GMP
· GMP inspection planning in third countries
See: http://eudragmdp.ema.europa.eu/inspections/displayWelcome.do

https://i.imgur.com/W2zdxqH.png

Looks promising

https://i.imgur.com/c6yVRxu.png

SCOPE OF AUTHORISATION
Name and address of the site : Maricann GmbH, Moritzburger Weg 1, Ebersbach OT Naunhof, Sachsen, 01561, Germany
Human Medicinal Products
Authorised Operations
IMPORTATION OF MEDICINAL PRODUCTS (according to part 2)
Part 2 - IMPORTATION OF MEDICINAL PRODUCTS
2.3 Other importation activities
2.3.1 Site of physical importation
2.3.2 Importation of intermediate which undergoes further processing

But where is the GMP certificate? Latest GMP certificates for Germany:

https://i.imgur.com/bZxouN0.png
https://i.imgur.com/ZOlvlwo.png

Just for their facility in Canada. Maybe the missing of the announced GMP certificate is because of the german tender process. Maybe not, who knows …

“These certifications provide Wayland with the foundation to start selling product into the lucrative German and other developing European markets …”

Oh really? Not in my view …

Next news release:
Jan. 31, 2019: Wayland Group Comments on Recent Promotional Market Activity

“Since September 1, 2017 the Company has engaged MJM Markets and Consulting (Toronto, Canada; Follow The Money Investor Group, o/a 2632436 Ontario Limited (Toronto, Canada); Harbor Access LLC (NY, USA); Investing News Network; M. Davis & Associates Capital Inc (Vancouver, Canada); ERPR AS (Oslo, Norway); BlackX GmbH (Germany); Tycona Media (Vancouver, Canada); DiePRBerator (Germany); Global Financial Network (Toronto, Canada), and Prosdocimi (London, UK) at various times to provide investor relations services, public relations services, marketing, native advertising or other related services including the promotion of the Company, its business and/or its securities.”

See: https://globenewswire.com/news-release/2019/01/31/1708838/0/en/Wayland-Group-Comments-on-Recent-Promotional-Market-Activity.html

Really? What is your business model @ Wayland?!

Just to give you one example:

BlackX GmbH received 1,300,000 shares (each $1.50 = $1,950,000) for the creation/translation of pump articles. See: https://webfiles.thecse.com/CSE_Form_9_-_Notice_of_Issuance_of_Securities_BlackX_12Nov2018.pdf?4gdPoHHl03IN_5qafloB2.0FP4zHeqYb=

For what exactly? Example:
https://www.dgap.de/dgap/News/dgap_media/maricann-group-inc-mit-volldampf-die-zukunft-ceo-ben-ward-gibt-ausblick-ueber-hervorragende-entwicklung-der-wayland-group/?newsID=1110809

A template lacking in content with share price predictions of 3 to 5 Euro (4.5 – 7.5 CAD).

Next news release:
Jan 30 2019: Wayland Group Corporation: European Cannabis Giant Wayland is said to be in advanced talks to purchase and re-open the Voss Water bottling plant in Norway
See: https://www.ftmig.com/company-news-releases/european-cannabis-giant-wayland-is-said-to-be-in-advanced-talks-to-purchase-and-re-open-the-voss-water-bottling-plant-in-norway/

The not named London based Norwegian investor in the last paragraph is probably Lars Christian Beitnes (also mentioned in the second paragraph). After reading his name in a Wayland press release again, I got excited. Again? Yes, I have done some DD about Beitnes when Wayland announced the first Malta LOI with Medican Holdings (USD$10.1MM for a recently created shell company in Malta) - see: https://www.newcannabisventures.com/maricann-to-pay-10-million-to-acquire-malta-licensed-cannabis-producer-medican-holdings/

I was glad when Malta Enterprise terminated this LOI “Malta Enterprise then contacted Maricann to request the Company make its own application, as their preference was to work through Maricann rather than Medican.“ – see: https://www.newcannabisventures.com/maricann-to-pursue-malta-medical-cannabis-license-independently/

Why am I shocked to see the name Beitnes and Wayland in a press release?
In my view Beitnes is far away from being a person you should do deals with. He is being accused to be part of several frauds/scams in the past/present and recently left as a Chairmen of Element ASA – see: https://www.dn.no/bors/element/lars-christian-beitnes/rikard-storvestre/avtroppende-styreleder-far-100000-kroner-i-maneden-for-radgivning/2-1-498862

Element ASA … wait … yea the norwegian based mining company who is the victim of the death spiral financing by Alpha Blue Ocean Inc.!!!

There is a long thread about him in a Norwegian stock community with everything mentioned why you should avoid him – see: https://forum.hegnar.no/thread/16282/view/0/0?page=1

Because of the length of the thread, see some highlights:

I know this is much content, but if you want to make your own picture of Beitnes just dig into this whole Element ASA debacle starting last year. Two auditors (EY & PwC) and the CFO left Element … Then Beitnes left as Chairmen but now serving as external consultant for Element receiving 100.000 NOK monthly. https://www.dn.no/bors/element/lars-christian-beitnes/rikard-storvestre/avtroppende-styreleder-far-100000-kroner-i-maneden-for-radgivning/2-1-498862 would be a good start. Or dig deeper into the Swedish Pensions Authority lawsuit against Beitnes.

Finally … just ask yourself why does Ben deals with such shady persons? Did Ben no DD on those guys or did he not want to … And that is just the top of the iceberg.


TO BE CONTINUED
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Some news you may have missed out on part 79.

-Pakistan to host ‘AdAsia – Asian Advertising Congress’ this year
In a logo unveiling ceremony held at Faletti’s Hotel Lahore, on Sunday, it was revealed that AdAsia 2019 —Asian Advertising Congress is going to be held in Pakistan this year. AdAsia is the largest and most prestigious advertising congress in Asia, organized bi-annually by the Asian Federation of Advertising Associations (AFAA). The AdAsia 2019 Congress will be held in Lahore at the Lahore International Expo Centre from December 3 to 5. The theme for the Congress is ‘Celebrasian: Celebration of Advertising and Creativity in Asia’.
-IDB to lend Pakistan oil worth $4.5 bn
The spokesperson for the Ministry of Finance on Saturday claimed that the Saudi-backed Islamic Development Bank (IsDB) will lend Pakistan oil worth $4.5 billion. “The IsDB will lend Pakistan oil worth $4.5 billion over three years. The oil will be lent in three installments of $1.5 billion each every year,” the spokesperson added. The Ministry of Finance spokesperson further said that in the first phase they have received oil worth $100 million and oil worth $270 million will be lent in the second phase. “We are also in talks with the IsDB regarding lending of liquefied natural gas (LNG),” the spokesperson added.
-Economic revival: PTI government relief package earns Rs 125 billion immediately
The federal government’s relief package for the stock market in the ‘Mini-budget’ on January 23 has brought positive impact. KSE-100 index settled at 40,254 points with a rise of 958 points within one week. The business-friendly concessions including abolition of the advance tax of 0.02pc on share trading under Presumptive Tax Regime and super tax in the mini-budget have been welcomed by the stockbrokers and industrialists altogether.
-69 women constables complete elite commando training in K-P
Over 7,000 personnel of the Khyber-Pakhtunkhwa (K-P) police, including 69 women constables, have successfully completed a grueling Elite Commando Training Course. As per a statement issued by K-P police’s public relations, the police personnel completed training in 15 basic courses conducted at different training centres. Most policemen, including the women constables, voluntarily opted for the tough four-month long course. The communique also said another batch of women commandos is currently being trained and shall soon be elevated to the rank of elite commandos.
-Karachi police chief makes surprise visits, suspends four police officials
In a surprise move, Additional Inspector General Police Dr Amir Shaikh on Saturday visited different areas of the city, disguising himself as a common citizen to witness the performance the police force. A police spokesperson said that the Karachi police chief suspended four police officials, including two ASIs over violation of duty rules and harassing public. He said that the police officials were found harassing people instead of controlling traffic at MT Khan Road in Sultanabad. The officials were from Jackson and Sultanabad police stations, said the spokesperson and added that the police chief had directed SP Traffic city and DSP to submit report over the issue. In-charges of Jackson and Sultanabad police stations along with record keepers were also summoned by the AIG Dr Amir Shaikh, said the spokesperson.
-In a historical move, Pakistan elected as Vice Chair of Asia Pacific Ministerial Forum
Pakistan was elected as the vice chair at the third UN Environment’s Forum of Ministers and Environment Authorities of Asia Pacific that was held in Singapore from January 23 till January 25. The newswas revealed in a tweet by Adviser to Prime Minister on Climate Change Malik Amin Aslam. He said Pakistan got elected to the position owing to the country’s ‘sincere and dedicated’ environment preservation endeavours.
-Pakistan Army achieves historic milestone on Pakistan Afghanistan border fencing
Director General of Inter-Services Public Relations (ISPR) Major General Asif Ghafoor Sunday said work on about 900 kilometer fence along the Pakistan-Afghanistan border had been completed. Briefing a team of journalists and anchor-persons at Ghulam Khan, a bordering village in North Waziristan Agency,he said the work on erection of about 1200 km chunk, the most sensitive portion out of the total 2600 km long border with the neighbouring country, had commenced last year. Zero Point is the entry and exit point of Pakistan from Afghanistan where a formal border post was constructed last year Major Gen Asif Ghafoor said the project would cost about Rs 70 billion, which also included the cost of gadgets and surveillance equipment to keep strict vigil on the illicit movement from across the border. He said the fence had amply helped check the movement of terrorists from across the border and it would further assist after completion of the project which was expected to culminate next year. The visit of media-persons was conducted for the first time in the country's history as no such activity could have happened as all the area had been “no go area” for the civilians or even by the security forces themselves.
-Foreign Media representatives visit North Waziristan, stunned with Pakistan Army successes against terrorism
Local and foreign media representatives on Sunday visited Peshawar, Miranshah, and Ghulam Khan Border terminals along with Director General ISPR Major General Asif Ghafoor for the first time after military operations. It was the first direct interaction of the media with local people, who while standing in Miranshah Bazar, talked to reporters about improved peace situation and administrative issues in the area. They lauded Pakistan Army for its efforts in restoring peace and development.
-Pakistan Cement Exports register significant rise in first half of FY 2018 - 19
The export of cement from the country witnessed increase of 32.4 percent during first half of current fiscal year as compared to same period of last year. The export of the commodity increased to $157 million in July-December (2018-19) against the export worth of $118.586 million in sameperiod of last year, a latest data released by Pakistan Bureau of Statistics (PBS) said. In term of quantity, the cement export recorded 55.52 percent increase to 3.671 million Metric Ton (MT) during the period under review as compared to export of 2.36 million MT cement during same period of previous year. On year-on-year basis, the cement export jumped by 78.02 percent to $25.89 million in December 2018 from $14.54 million of cement export during December 2017, the data revealed. The overall export of goods during first half of current fiscal year recorded an increase of 2.19 percent to $11.216 billion against the exports of $10.976 billion recorded during same period of last year.
-KP Tourism. Potential stuns audience at International Tourism Fair in Europe
A large number of visitors, tourists and investors thronged the stall of Tourism Corporation Khyber Pakhtunkhwa (TCKP) at the tourism trade fair at Feria de Madrid, Spain, and showed keen interest in the KP’s tourism potential. The TCKP team highlighted salient features of the cultural and tourist resorts through video documentaries, pictures, brochures and posters. The visitors were informed that 70 percent of tourist resorts were located in KP and the foreign tourists can now visit any place without any restriction and obtaining Non-Objection Certificate. The KP participation in fair encouraged the international tour operators to bring cultural and mountaineering expeditions to the province, which will highlight Pakistan as one of the best tourist destinations for international tourists.
-Foundation stone laid for $200 million knowledge city in Pakistan, first ever in County's history
Prime Minister Imran Khan Sunday inaugurated the first academic block of the NAMAL Knowledge City. The vision behind Namal Knowledge City is to create a hub of knowledge exchange and research in Mianwali. The Knowledge City will include academic blocks, a knowledge center, a sports complex, sports grounds, a hospital, technology parks, business centers, shopping malls, a dairy farm, a resort, software houses, hotels, a primary school, and a housing colony for the faculty. A total of US$ 200 million will be spent on the construction of the Knowledge City which will be built on the concept of a zero carbon foot print and completed by the year 2027. It will have a population of 11,000 with construction spread over 4 million square feet. It will accommodate 7,000 students with 600 faculty members.
-E Rozgar Programme launched, Click for Registration
The Punjab IT Board and Ministry of Youth Affairs has jointly launched a three-month free E-Rozgar Training Programe for the youth, aimed at imparting vocational training to the jobless, enabling them to earn their livelihood honourably. In this regard, the admission has started for enrollment in these technical courses and the last date for the on-line registration is the 9th of the next month. The requisites of getting admission include that the applicant should have an NCIC, his minimum age 16, maximum age 35 and should be jobless.
-Pakistan China ink deal worth billions of dollars today: Report
A Chinese company will invest billion of dollars in mineral exploration and processing projects in Khyber Pakhtunkhwa. A Memorandum of Understanding in this regard has been signed in China today. According to Khyber Pakhtunkhwa Minister for Mineral Development Dr. Amjad Ali, the Chinese company will setup mineral industrial park in Rashakai Special Economic Zone.
-Pakistan's NESPAK completes 3,900 mega projects in Pakistan and across 37 countries of World worth Rs 19,000 billions
National Engineering Services Pakistan (NESPAK) has successfully completed 3,900 development projects within Pakistan and 37 in other countries with an accumulative cost of Rs 19,000 billion since its establishment, 45 years ago. NESPAK Managing Director Dr. Tahir Masood told media here Saturday that foreign countries where NESPAK has extended engineering consultancy services were mostly located in the Middle East, Far East, Central Asia and Africa. In this way, he added, NESPAK had placed the country on the export map of the world and was committed to provide multi-disciplinary engineering consultancy services with the highest level of professionalism and dedication.
-Government launches Dominted Bank bond
PTI government is launching yet another economic initiative for overseas Pakistanis to attract billions of dollars for balance of payment and enhancing reserves. PTI government is launching dollar-denominated diaspora bond named Pakistan Banao Certificate (PBC) on January 31st. The diaspora bond is being launched to take advantage of international savings of overseas Pakistani’s and bolstering its foreign exchange reserves. According to details shared by the Finance Minister Asad Umar , the certificates would be of two types, one of three years offering 6.25% return and the other with five-year maturity offering 6.75% return. Mr Umar said four banks had been selected to complete the transactions.
-Rupee hits seven-week high at 138.78
Pakistani currency has recovered to a seven-week high at Rs138.78 against the US dollar in inter-bank market on Friday, according to the State Bank of Pakistan, after the country successfully mitigated the risk of default following receipt of $2 billion from friendly countries. Simultaneously, the rupee revived to a four-week high at retail market to 139 against the greenback on Saturday, according to a forex website. “The $2 billion inflows from the UAE and Saudi Arabia (on Thursday and Friday) has partially eased the panic at currency markets,” said a banker on condition of anonymity.
-PM Imran discusses major proposals to revive PIA
As Pakistan International Airlines (PIA) struggles to rein in mounting losses, Prime Minister Imran Khan discussed major proposals presented at a high-level meeting to turn around the financially troubled national flag carrier. The prime minister chaired the meeting at the PM Office earlier this month, which was attended by top cabinet members, civil bureaucracy and military officers. The premier directed the authorities to arrange additional guarantees of Rs15 billion as interim relief for PIA. A proposal was endorsed to freeze PIA’s outstanding dues, amounting to over Rs80 billion, which were payable to the Civil Aviation Authority (CAA) along with late payment surcharge, according to minutes of the meeting available with The Express Tribune.
-World Bank releases $58m for house financing
The World Bank has disbursed $58 million for house financing in Pakistan and the federal cabinet has approved the transfer of the fund to Pakistan Mortgage Refinance Company (PMRC). “It ($58 million – Rs7.8 billion) is a World Bank credit line for PMRC,” PMRC Managing Director and Chief Executive Officer Mudassir Hussain Khan told The Express Tribune. “The cabinet has approved the transfer of the fund. It will take around a week to 10 days before the money reaches PMRC account.”
-Talks between Pakistan, China for FTA to begin next month
Federal Secretary for Trade, Younus Dagha has said that the talks between Pakistan and China for a Free Trade Agreement (FTA) will commence next month. Talking to a delegation of the Trade Development Authority’s officials in Lahore, he expressed optimism that the new trade agreement with China will help thrive national economy and would be in the best interests of both the friendly countries.
“The trade deficit of Pakistan has decreased by five per cent during the incumbent government and our exports are increasing day by day.” He said the expansion of the trade volume with India depends on the decisions of the governments of both the countries. He informed that trade with Afghanistan is also improving.
-Amended finance bill to reduce cost of doing business: PEW
The Pakistan Economy Watch (PEW) on Sunday said the recently amended finance bill will reduce the cost of doing business which in turn, will reduce the prices of many items. The move will support businesses and help exporters regain ground in the international market as the government has reduced and abolished several taxes to lift economic activities, it said.
The government will lose almost seven billion rupees in revenue but it will gain more in the shape of foreign exchange, said PEW President Dr. Murtaza Mughal. He said the recommendations will be applicable from the next fiscal term but it has already elevated business sentiments as many leading business groups are planning to boost investments.
-Economic reforms help PSX gain 958 points in week
The benchmark KSE-100 index accelerated by 958 points in the outgoing week and settled at 40,265 points, providing a weekly return of 2.44pc, owing to improved sentiment on account of the economic reforms package announced by the government.
The Finance Supplementary (Second Amendment) Bill, 2019 was broadly focused on improving ease of doing business, incentivizing export-oriented/industrial sectors and elimination of domestic growth hampering impediments. A key demand from the stock market to abolish the advance tax of 0.02pc was accepted, while the government also allowed capital losses to be carried forward for three years, thereby impacting the investor sentiment positively.
-Govt to announce medium-term economic framework in coming week: Hammad Azhar
The Minister of State for Revenue Hammad Azhar on Friday said the government will announce a medium-term economic framework in the coming week. The forthcoming medium-term economic framework will bring measures that will enhance exports and investments, said Azhar while speaking at a seminar on “Economic Reforms: Way forward”, organised by the Sustainable Development Policy Institute (SDPI), reports an English daily.
He shared the government is moving towards execution a direct taxation regime whilst gradually restricting indirect taxes. Mr Azhar underlined that the supplementary budget which was announced on Wednesday didn’t target fiscal and monetary measures but was an economic reforms package to resuscitate and enhance growth and investment.
-Economic reforms package to help boost exports, trade and investment
State Minister for Revenue Hamad Azhar on Friday said that economic reforms package announced by the PTI government will help in boosting exports, trade and investment.
Talking to a private news channel, he said the economic reforms package will prove to be helpful in overcoming the trade and fiscal deficit. Mr Azhar said due to effective economic policies of the Pakistan Tehreek-e-Insaf (PTI) government, the international investors are desirous of investment in Pakistan. The government is taking many steps for the revival and betterment of the economy, he added.
-Tale as old as time: Labyrinth of tunnels discovered under Lahore Fort
A labyrinth of underground tunnels, as well as hidden basements, has been discovered under Lahore Fort. Immortalised in short stories, these passages have always been hidden from the naked eye. However, during excavation, the Walled City of Lahore Authority (WCLA) has discovered two underground tunnels and an arsenal which are currently under restoration.
A symbol of the opulence of the Mughals, Lahore Fort has kept many a secret for hundreds of years; secrets which are now slowly being revealed.
During excavation and restoration work, WCLA recently discovered a passage of underground tunnels which run underneath the fortress. This has caused tourists, hungry for information on the underground tunnels, to throng to the citadel and present their own theories on how the passages were used.
-Indonesia, Pakistan ties poised for a quantum leap, says envoy
Counsellor and head of cultural section Embassy of Republic of Indonesia Deny Tri Basuki has said Indonesia and Pakistan share strong socio-cultural and religious bond rooted in history. Pakistan and Indonesia stand proudly together as two of the largest Muslim populated countries and emerging economies of creative and talented people. He expressed these views on the occasion of a business gathering organised by tourism ministry of Indonesia in collaboration with the Indonesian embassy. A large number of stakeholders hailing from the travel and aviation industry of Pakistan attended the event.
-Japanese aircraft take part in pre Aman-19 exercise
The Pakistan Navy is hosting the 6th series of AMAN-19 – a Multinational Maritime Exercise – in February 2019 in Karachi, and two Japanese Naval P3C aircrafts of Deployed Maritime Force for Anti-Piracy Enforcement (DAPE) visited the PNS Mehran in Karachi for the pre-AMAN-19 exercise.
According to a press statement issued by the navy’s Director General Public Relations (DGPR) on Saturday, the Japanese aircrew participated in various events including search and rescue (SAR) and counter piracy (CP) exercises along with the navy aircrew. The Japanese contingent also visited maritime and Pakistan Air Force (PAF) museums to learn about the historic achievements of the two forces.
-‘Chinese, Russian firms keen to invest in PSM’
Adviser to Prime Minister on Commerce Abdul Razak Dawood revealed that three Chinese and three Russian firms have shown interest in investing in Pakistan Steel Mills (PSM).
Addressing a ceremony held for the inauguration of International Steels Limited’s new plant, he said that the committee tasked with revival of PSM has drafted its recommendations and the Economic Coordination Committee (ECC) will make a decision by March.
-China has given Pakistan additional access to its market: Dawood
Prime Minister’s Adviser for Trade and Industry Abdul Razzak Dawood on Saturday said the government is working to hammer out national industrial and tariff policies, ARY News reported. Dawood while talking to industrialists in Karachi, said that China has granted Pakistan an additional access to its market. “We are working to slash unnecessary imports and increase exports”.
He said unnecessary items will be removed from shelves of super markets and precious foreign exchange will not be spent on such imports. The adviser said the government has taken effective steps to facilitate business in mini budget, which will be approved in next seven day.
-Pakistani Teacher Shortlisted for Cambridge’s Most Dedicated Teacher Award
Cambridge University Press has shortlisted a Pakistani teacher, Ahmed Saya, for the ‘Most Dedicated Teacher’ award. Ahmed Saya, an A-level teacher from Karachi, is one of the six brilliant minds around the world to be shortlisted for the prize. The competition included entries of 3500+ teachers from over 140 countries for the prestigious award. Cambridge’s official Twitter handle said it was a tough call, but they shortlisted six teachers for this year’s Dedicated Teacher Awards.
-Swiss Investor to Open A Chain of Luxury Hotels in Pakistan
Swiss International Hotels & Resorts is mulling to open a chain of its luxury hotels in different cities of Khyber Pakhtunkhwa (KP). The President and CEO of Swiss International Hotels & Resorts, Henri (Hans) WR Kennedie informed this to Chief Minister KP Mahmood Khan during a meeting on Friday. During the meeting, Henri told CM Khan that they were already working on a plan to establish luxury hospitalities in various parts of the province.
submitted by FashBasher1 to pakistan [link] [comments]

A Day in the Life of a Stock Trader - Blog | Horizon Institute

Section 1 – What does a stock trader actually do
The life of a trader is often glamorised by films such as The Wolf of Wallstreet and Margin Call – a view that is shared by many who have no direct experience with the wider investment industry. It is also true that different types of traders have very different workloads. Trading emerging markets is not the same as trading FTSE stocks or the forex markets.
Let’s start by defining what traders, broadly speaking actually are:
“Professionals in finance who buy and/or sell assets on the financial markets.”
A day in the life of a trader: Behind the scenes
These are people who usually have a background in finance, either through traditional education (think degrees in finance, accounting, economics, investment management etc) or through practical experience at companies working within financial services.
This is to say that the day-to-day activities of a trader is to either buy assets (such as stocks, futures, commodities) or to sell assets (such as stocks, forex, bonds). Two distinct roles in trading can be summed up in the Buy side, and the Sell side in terms of execution.
A broader categorisation would include participants within the financial markets who trade securities. This encompasses independent traders working from home to large multinational financial institutions which see billions of dollars a day flow from and to their order books.
The Buy Side
The Buy side is concerned with purchasing assets, and this generally involves taking orders from management or clients and then sending those orders to the broker to be executed. This role is being gradually replaced by technology, specifically automation and AI, and its hard to see a future for buy side traders 20 years from now. There is also a distinctly bad reputation associated with buy side traders, these are often just messengers, and have been known to treat brokers with incredible hostility and bitterness over recent years.
The Sell Side
Alternatively, the Sell side is just the opposite – these traders are only concerned with selling positions either the firm or the firms clients holds. Again technology is eliminating this role over time, and today both buy and sell side traders simply take message, and pass it along either electronically through an online platform or via telephone for the perhaps more traditional establishments.
Private Hedge fund managers
Many successful traders have gone on to start hedge funds with private companies and from private investors. This is a highly privileged position to be in, as hedge fund managers are in control of both the broad strategy for the investments and receives the greatest compensation should the strategy be profitable.
Private Portfolio Managers
Portfolio managers working at a private company (such as a large hedge fund) is again a much sought after position. Portfolio managers generally create a positive or negative selection portfolio, which allows them to implement their own strategy to make the best returns with the lease risk – although these parameters are often set outside the control of the individual portfolio manager. The same also exists within commercial banking, but it is usually more focused on creating a very balanced portfolio that exists to hedge risk as opposed to making real returns.
Analysts
Analysts do the number crunching and quantitative prep work for the portfolio or hedge fund managers. This role involves applied finance and taking a close look at various assets fundamentals. This includes the balance sheet, income statement and cashflow statement for analysts looking at stocks. This is usually a relatively junior role, and those who are successful here tend to become traders, portfolio managers and eventually hedge fund managers over the course of a successful career.
Investment Banking
There are still plenty of traders left at investment banks, despite the decline over the last few decades. As much as 90% of the time is spent dealing with clients such as Hedge and Pension Funds.
Investment Bank Traders
As much as 90% of the time is spent dealing with clients such as Hedge and Pension Funds.
The trader is then Making Markets in Assets the clients want to buy/sell, such as stocks, currencies, commodities and bonds.
The other 10% of time is Proprietary trading, utilising the banks large balance sheet to create a positive selection portfolio.
Market Makers (Agency)
Market making is the primary task of an investment trader (~80% of market making business)
Split into two sections:
Agency Business – Client holds risk
Risk business – Investment Bank holds risk
Investment Bank charges commission on these activities at a typical rate of 5 basis points or 0.05%
Example – Buy £10,000,000 of BP stock at £100 per share = 100,000 BP shares.
Commission for bank - £10,000,000 X 0.005 = £5,000
Risk free for bank – algorithm executes trades based on client orders
In terms of basis points, 100 = 1%
Proprietary Trading
This type of trading can happen in two ways, the first where small investors at home use their own capital to trade for a direct gain or commercially where a firm uses its own capital to make trades to be the prime beneficially of the rewards should the trade go well. This is in contrast to how hedge funds would normally just earn a commission, by also utilising internal capital the firm is able to take larger risks, which tend to come with the larger rewards.
Here’s another interesting fact:
“Only 6% of candidates end up making it as a professional trader” (Business Insider, 2011)
This statement alone shows just how competitive the industry is, and to make a successful career is even harder, with only ~5% of traders ever making it to a managerial level.
A day in the life of a trader: Behind the scenes
Section 2 – How does 8 hours day break down?
6:00 AM
Traders usually start the day at 6.30 AM and start to catch up on news that broke overnight that may A) affect current positions or B) provide opportunities for new positions. These changes are digested, and areas of special interest are noted for further analysis later.
7:00 AM
Arrive at trading floor at 7:30, 30 minutes before markets open. This is the time where traders prepare themselves for the day. It also serves as an opportunity to talk to colleagues. For most hedge funds and other long-term traders, team meetings will happen in the morning to ensure all traders are up to speed and playing from the same game plan.
8:00 AM
Markets open: based on overnight news there may be buying / selling activity to adjust the traders portfolio based on the latest information. Many traders prefer not to trade at the market open due to higher volatility as traders from around the world react to overnight news.
9:00 AM
A common task around 9:00 AM would be to scan the market for short term opportunities, or to catch up on fundamental company analysis of companies in the watch list.
10:00 AM
Continuation of analysis or opportunity seeking based on the traders own intuition, experience and judgement. This is also prime time for internal meetings with the team and meetings with clients, potential clients etc.
11:00 AM
Here we see lower volume and volatility, and so short-term opportunities diminish, traders are thinking about lunch at this point. Finishing up financial models and analysis done in the morning. Another prime time for meetings with the team and clients.
12:00 PM
Most long-term traders take lunch, some short-term traders will stay at the desk as timing can be critical to a successful day.
1:00 PM
As investment banks and other major institutions return from lunch volatility in the markets increases and short-term traders get back to work. Long-term traders generally get back to analysis, risk management or strategy functions with only a cursory interest in the current market prices and volatility.
2:00 PM
Day traders will spend this time monitoring positions and executing trades as necessary. Long-term traders use this period in a variety of ways, as mentioned above.
3:00 PM
Short-term traders now think about closing existing positions and stop looking for new opportunities. This is also where the administrative functions of cancelling unfilled orders, or for long term traders, finalising analysis of the day and presenting it to stakeholders. This is the last chance to exit positions for the trading day.
4:00 PM
The markets are now closed. Traders often look back at the day, seeing what went well (and what didn’t). Management will often check in and with-it bureaucracy and paperwork.
5:00 PM
Time to leave the office and go home. The advent of mobile internet means most traders are now reading the latest financial news, following commentary and thinking about the strategy for tomorrow.
6:00 PM
If all went well arrive home, if not then its likely the trader will still be at the office working to meet the deadline of the day, from financial models to briefing management and clients.
7:00 PM
Outside of the general workday, traders will spend much of the evening doing research and analysis – everything from learning about the markets to experimenting with financial models to taking an advanced excel course.
Section 3 – Why you might want to be a stock trader
We meet a lot of traders, its what we do – and here are a few of the top reasons traders we spoke to continue to do what they do.
Love the Game
Many traders are extremely fond of the game that is the financial markets. Day traders talk about the rush as fast-paced action that runs from 8am to 4pm 5 days a week. The same holds true for long-term traders, and while lacking the constant adrenaline of day trading the highs of closing a trade that’s been on-going for months is just as great a feeling – the analogy one trader used was whereas day traders get Christmas every day, long-term traders get all of their Christmases at once, 4-5 times a year.
Financial Freedom
This is not just about the ability to make a living from trading and the financial markets, but from having the knowledge and understanding of the world of finance to make sound financial decisions, whether that be in deciding between a fixed or variable mortgage, or the best ways to allocate capital to save for school fees.
Intellectual Challenge
There is undoubtedly both an intellectual and an emotional challenge in trading successfully. While it is said that day traders trade emotion, long term portfolio managers trade on intellect and sound financial decision making.
Style & Expression
Traders all trade differently, from value investors to crypto speculators each trader develops a style and method of trading that fits their way of life and the perception they have of the world around them. If you are emotional in-tune with the wider world, then day trading can be exceptionally profitable. The same holds true for value investors like Warren Buffet, a trader who enjoys digesting and analysing reams of company reports to find what Buffet calls “Great companies at fair prices”.
This post has hopefully given you an understanding of the typical day in the life of a trader. If you feel your ready to take the next step towards a career in trading and finance, Horizon provides a comprehensive introductory course on Investing for Beginners.
https://blog.hioim.com/post/a-day-in-the-life-of-a-stock-trade
submitted by hioim to StockMarket [link] [comments]

How To Invest in Cryptocurrencies: The Ultimate Beginners Guide

All statements are based on the author’s experiences. I take pride in informing the public and helping as many as I can through sharing my experiences with my readers. That said, no one except you can take responsibility for your Cryptocurrency Investing decisions, so do think it through before investing.
If you would like to learn more about the techlogogy behind cryptocurrencies, please check out our blockchain courses on crypto.
When I first started taking an interest in cryptocurrency I thought I was so lost in this huge sea of unknowns. Where do I start? What are the useful keywords to look up and keep in mind? What are the available helpful resources? This cryptocurrency investing guide is written so that in just 20 minutes, you would have a sense of what to expect of your upcoming crypto journey, and how to best go about starting it. Enjoy it, it might just be the most exhilarating ride of your life.

Rise of the Cryptocurrencies
As the tech literacy of the population increases, acceptance of crypto as a legitimate store of value follows, and it boomed. Titles along the lines of ‘Bitcoin price hits new all-time high’ and ‘Ethereum price surges’ are starting to perforate the general public’s news feed. What we know for sure is that people who were once skeptical of Bitcoin and the technology behind it are slowly understanding and getting increasingly involved with crypto. As at the time of writing, the market cap of the entire crypto space is at 30.9 billion USD. It was 20 billion just four months ago. What would it be four months from now?
Current Makeup of the Cryptocurrency Space
You would have heard of Bitcoin and the ‘altcoins.’ How this naming convention started was because back in the days of 2011, forks of Bitcoin appeared in the markets. The forks, or clones, each aspire to serve a niche area, aiming to be ‘better’ than Bitcoin. Since then countless new crypto has emerged, eroding away Bitcoin’s crypto market cap dominance. These altcoins are gaining market share at an alarming speed. Ten times or more growth has been observed in a time span as short as six weeks (see PIVX, an altcoin).
Cryptocurrency, Stocks, and Fiat
The currencies we know are referred to as ‘fiat’ by the cryptocurrency community. Although having ‘currency’ in its name, cryptocurrencies share more similarities with stocks than currencies. When you purchase some cryptocurrency, you are in fact buying some tech stock, a part of the blockchain and a piece of the network.
Cryptocurrency Exchanges
The most common place where people buy and trade cryptocurrency is on the exchanges. Exchanges are places where you may buy and sell your crypto, using fiat. There are multiple measures to judge the reliability and quality of an exchange, such as liquidity, spread, fees, purchase and withdrawal limits, trading volume, security, insurance, user-friendliness. Out of all these, I find Coinbase as the best exchange hands down. It has a beginner-friendly user interface, and an unbeatable 100% crypto insurance.
After setting up an intermediary bank account and verifying your details with Coinbase, you are only five simple steps away from a Bitcoin purchase:
  1. Access the ‘Buy/Sell Bitcoin’ tab
  2. Select the payment method using the drop-down menu
  3. Enter the desired amount
  4. Click ‘Buy Bitcoin Instantly.’
  5. View your credited Bitcoins on your dashboard
When you get acquainted with buying crypto and start to itch for some crypto trading (e.g. BTC/ETH), simply perform an instant transfer from Coinbase to GDAX free of charge and start trading. Think of Coinbase as the place to conveniently buy and store your crypto and GDAX as your margin trading platform. Transfers between the two are instant and free.
As you slowly get familiar with other currencies, you might want to have the option of investing in them. Bittrex and Polo are two exchanges that offer a wide selection range.
When signing up on these exchanges for the first time, do make it a point to verify your account with the required documents early, as you do not want to be caught in the middle of some tedious and slow admin work when the trading opportunity comes. Verification on these exchanges may take days, and purchase/withdraw limits may only increase gradually as you trade.
An additional point to note: if you are using a currency other than USD, do check out the exchange’s ease of funding and withdrawal. You do not want your exchange to come into fiat withdrawal problems like Bitfinex did recently.
Cryptocurrency Wallets
Exchanges have inbuilt online wallets to keep the cryptocurrency you purchased. However, for those who heard of the Mt. Gox hack, you might feel uneasy to put on an exchange. If you do not wish to keep your crypto holdings on the exchange, you have the option to either use a paper wallet service like myetherwallet.com or spend 99 USD on a hardware wallet like KeepKey. Both serve the purpose of removing platform risk, at the cost of taking up the responsibility of keeping your cryptocurrency safe.
To transfer your crypto from exchanges to your hardware wallet for long term storage, simply follow these steps, using Coinbase and KeepKey as an example:
  1. Plug in your KeepKey USB cable
  2. Open your KeepKey Client (on Google Chrome under Apps)
  3. Find your wallet address on the KeepKey Client UI
  4. Access Coinbase ‘Send/Request’ tab and input your KeepKey wallet address
  5. Confirm amount and click ‘Send Funds’
Take note to first send a tiny amount (e.g. 0.0001 BTC) for testing before sending the bulk, lest an error occurred and the transfer amount is lost. A small network transfer fee might be charged.
Personally, I own a hardware wallet, as I love the feeling of a having around a tangible reminder of my crypto holdings. Also, the hardware wallet’s user interface makes it easy to keep multiple coins, which is especially handy when you participate in ICOs (Initial Coin Offering) in the future.

Cryptocurrency as a Percentage of Your Investment Portfolio

This part will be wildly subjective. Crypto has the potential to realize many ‘rags to riches’ stories, but its volatility makes it unpredictable. As a precaution, the money you put in crypto should be money that you are fine with losing. I cannot emphasize the importance of this as we often underestimate how the volatility affects our emotional capacities. The upside is huge, but it comes with lots of risks and, if I may put it, emotional torment.
A conservative portfolio I would suggest is as follows:
< 30 years old (max) 30% Crypto, 50% Traditional Investments
30 – 40 years old (max) 20% Crypto, 60% Traditional Investments
> 40 years old (max) 10% Crypto, 70% Traditional Investments
This is not meant to be age discriminatory but considers the fact that one takes up more financial responsibilities (mortgage, family) as he grows older.
Within the designated crypto share of your portfolio, you may diversify your coins based on your risk appetite.

Show Me the Money! Cryptocurrency Investing

Now, this is where it gets exciting.
How do we pick the winner? How do we avoid picking the loser?
Note that crypto is now in a huge bull market and anything could rise over time. Also, do not dismiss the possibility that we may be in a bubble like the-dot-com boom back in 2000. Still, ask yourself these questions before you decide to invest in a coin:
Short Term Trading with Margin
Once you get familiarized with crypto, you may want to trade on your ‘stash’ in hopes of increasing it. For the experienced forex traders, this is nothing new. But for the new crypto investor, you may want to brief up on how to make a leveraged trade.
Short-term trading takes advantages of incoming news to make a quick buck. If you foresee good news from an upcoming release of a coin, you may want to open a long and see how it goes. Remember, buy the rumor, sell the news; act fast and be daring if you wish to make a profit with short term trading.
Mining
For those who are more comfortable with a predictable form of reward, mining is the way. Mining involves setting up of a rig, consisting of GPUs or CPUs and an investment in the electricity. Mining is only possible on cryptocurrencies that follow the Proof of Work protocol. It takes some effort to setup and gets things running, but it is attractive as a long-term passive income as long as you frontload the work.
Staking
Staking is the Proof of Stake version of ‘mining.’ Think of this as making dividends on your stock. The reward rate and staking method differ greatly among Proof of Stake coins, but in general, it takes less effort as compared to mining.
Arbitraging
As you get a hand in multiple exchanges, you may wish to buy from one exchange and sell on another to make ‘arbitrage’ gains when you spot an arbitraging opportunity. Take note of two things if you wish to do so: remember to factor in fees, and remember that the price could change when you are transferring your coin between exchanges, especially during volatile times. USD tends to be liquid so this happens less for it, but for other currencies such as CAD (Canadian dollar) and SGD (Singapore dollar), there may exist more arbitraging opportunities to exploit.
That’s about all I have, for now, invest smart and most importantly, don’t forget to have fun!
submitted by alifkhalil469 to BtcNewz [link] [comments]

Here is All IN 1 Quick Guide for people with less time!

The Absolute Beginner’s Guide to Cryptocurrency Investing

References are made wherever possible. All statements are based on the author’s experiences. I take pride in informing the public and helping as many as I can through sharing my experiences with my readers. That said, no one except you can take responsibility for your Cryptocurrency Investing decisions, so do think it through before investing. If you would like to learn more about the techlogogy behind cryptocurrencies, please check out our blockchain courses on crypto.
When I first started taking an interest in cryptocurrency I thought I was so lost in this huge sea of unknowns. Where do I start? What are the useful keywords to look up and keep in mind? What are the available helpful resources? This cryptocurrency investing guide is written so that in just 20 minutes, you would have a sense of what to expect of your upcoming crypto journey, and how to best go about starting it. Enjoy it, it might just be the most exhilarating ride of your life.
Rise of the Cryptocurrencies
As the tech literacy of the population increases, acceptance of crypto as a legitimate store of value follows, and it boomed. Titles along the lines of ‘Bitcoin price hits new all-time high’ and ‘Ethereum price surges’ are starting to perforate the general public’s news feed. What we know for sure is that people who were once skeptical of Bitcoin and the technology behind it are slowly understanding and getting increasingly involved with crypto. As at the time of writing, the market cap of the entire crypto space is at 30.9 billion USD. It was 20 billion just four months ago. What would it be four months from now?
Current Makeup of the Cryptocurrency Space
You would have heard of Bitcoin and the ‘altcoins.’ How this naming convention started was because back in the days of 2011, forks of Bitcoin appeared in the markets. The forks, or clones, each aspire to serve a niche area, aiming to be ‘better’ than Bitcoin. Since then countless new crypto has emerged, eroding away Bitcoin’s crypto market cap dominance. These altcoins are gaining market share at an alarming speed. Ten times or more growth has been observed in a time span as short as six weeks (see PIVX, an altcoin).
Cryptocurrency, Stocks, and Fiat
The currencies we know are referred to as ‘fiat’ by the cryptocurrency community. Although having ‘currency’ in its name, cryptocurrencies share more similarities with stocks than currencies. When you purchase some cryptocurrency, you are in fact buying some tech stock, a part of the blockchain and a piece of the network.
Cryptocurrency Exchanges
The most common place where people buy and trade cryptocurrency is on the exchanges.Exchanges are places where you may buy and sell your crypto, using fiat. There are multiple measures to judge the reliability and quality of an exchange, such as liquidity, spread, fees, purchase and withdrawal limits, trading volume, security, insurance, user-friendliness. Out of all these, I find Coinbase as the best exchange hands down. It has a beginner-friendly user interface, and an unbeatable 100% crypto insurance.
After setting up an intermediary bank account and verifying your details with Coinbase, you are only five simple steps away from a Bitcoin purchase:
  1. Access the ‘Buy/Sell Bitcoin’ tab
  2. Select the payment method using the drop-down menu
  3. Enter the desired amount
  4. Click ‘Buy Bitcoin Instantly.’
  5. View your credited Bitcoins on your dashboard
When you get acquainted with buying crypto and start to itch for some crypto trading (e.g. BTC/ETH), simply perform an instant transfer from Coinbase to GDAX free of charge and start trading. Think of Coinbase as the place to conveniently buy and store your crypto and GDAX as your margin trading platform. Transfers between the two are instant and free.
As you slowly get familiar with other currencies, you might want to have the option of investing in them. Bittrex and Polo are two exchanges that offer a wide selection range.
When signing up on these exchanges for the first time, do make it a point to verify your account with the required documents early, as you do not want to be caught in the middle of some tedious and slow admin work when the trading opportunity comes. Verification on these exchanges may take days, and purchase/withdraw limits may only increase gradually as you trade.
An additional point to note: if you are using a currency other than USD, do check out the exchange’s ease of funding and withdrawal. You do not want your exchange to come into fiat withdrawal problems like Bitfinex did recently.
Cryptocurrency Wallets
Exchanges have inbuilt online wallets to keep the cryptocurrency you purchased. However, for those who heard of the Mt. Gox hack, you might feel uneasy to put on an exchange. If you do not wish to keep your crypto holdings on the exchange, you have the option to either use a paper wallet service like myetherwallet.com or spend 99 USD on a hardware wallet like KeepKey. Both serve the purpose of removing platform risk, at the cost of taking up the responsibility of keeping your cryptocurrency safe.
To transfer your crypto from exchanges to your hardware wallet for long term storage, simply follow these steps, using Coinbase and KeepKey as an example:
  1. Plug in your KeepKey USB cable
  2. Open your KeepKey Client (on Google Chrome under Apps)
  3. Find your wallet address on the KeepKey Client UI
  4. Access Coinbase ‘Send/Request’ tab and input your KeepKey wallet address
  5. Confirm amount and click ‘Send Funds’
Take note to first send a tiny amount (e.g. 0.0001 BTC) for testing before sending the bulk, lest an error occurred and the transfer amount is lost. A small network transfer fee might be charged.
Personally, I own a hardware wallet, as I love the feeling of a having around a tangible reminder of my crypto holdings. Also, the hardware wallet’s user interface makes it easy to keep multiple coins, which is especially handy when you participate in ICOs (Initial Coin Offering) in the future.

Cryptocurrency as a Percentage of Your Investment Portfolio

This part will be wildly subjective. Crypto has the potential to realize many ‘rags to riches’ stories, but its volatility makes it unpredictable. As a precaution, the money you put in crypto should be money that you are fine with losing. I cannot emphasize the importance of this as we often underestimate how the volatility affects our emotional capacities. The upside is huge, but it comes with lots of risks and, if I may put it, emotional torment.
A conservative portfolio I would suggest is as follows:
< 30 years old (max) 30% Crypto, 50% Traditional Investments
30 – 40 years old (max) 20% Crypto, 60% Traditional Investments
> 40 years old (max) 10% Crypto, 70% Traditional Investments
This is not meant to be age discriminatory but considers the fact that one takes up more financial responsibilities (mortgage, family) as he grows older.
Within the designated crypto share of your portfolio, you may diversify your coins based on your risk appetite.

Show Me the Money! Cryptocurrency Investing

Now, this is where it gets exciting.
How do we pick the winner? How do we avoid picking the loser?
Note that crypto is now in a huge bull market and anything could rise over time. Also, do not dismiss the possibility that we may be in a bubble like the-dot-com boom back in 2000. Still, ask yourself these questions before you decide to invest in a coin:
Short Term Trading with Margin
Once you get familiarized with crypto, you may want to trade on your ‘stash’ in hopes of increasing it. For the experienced forex traders, this is nothing new. But for the new crypto investor, you may want to brief up on how to make a leveraged trade.
Short-term trading takes advantages of incoming news to make a quick buck. If you foresee good news from an upcoming release of a coin, you may want to open a long and see how it goes. Remember, buy the rumor, sell the news; act fast and be daring if you wish to make a profit with short term trading.
Mining
For those who are more comfortable with a predictable form of reward, mining is the way. Mining involves setting up of a rig, consisting of GPUs or CPUs and an investment in the electricity. Mining is only possible on cryptocurrencies that follow the Proof of Work protocol. It takes some effort to setup and gets things running, but it is attractive as a long-term passive income as long as you frontload the work.
Staking
Staking is the Proof of Stake version of ‘mining.’ Think of this as making dividends on your stock. The reward rate and staking method differ greatly among Proof of Stake coins, but in general, it takes less effort as compared to mining.
Arbitraging
As you get a hand in multiple exchanges, you may wish to buy from one exchange and sell on another to make ‘arbitrage’ gains when you spot an arbitraging opportunity. Take note of two things if you wish to do so: remember to factor in fees, and remember that the price could change when you are transferring your coin between exchanges, especially during volatile times. USD tends to be liquid so this happens less for it, but for other currencies such as CAD (Canadian dollar) and SGD (Singapore dollar), there may exist more arbitraging opportunities to exploit.

Link the original blog post: https://blockgeeks.com/cryptocurrency-investing/
submitted by Tokenberry to NewbieZone [link] [comments]

Daily Trading Thread - Thursday 2.8.18

Hi everyone! Thanks for joining. This sub is for active traders of crypto and stocks, those looking to make a fat YUGE profit. While all are welcome, we are more geared for traders with a serious mindset. Post your ideas for today here.
Follow us on StockTwits and chat live on our Discord: trader chat.
Wiki: resources
FINVIZ HEATMAP - FINVIZ FUTURES - FOREX - NEWS FEED
FEB 8th THU Fear & Greed Index
Economic Calendar: Results & More
Time Release For Actual Expected Prior
8:30:00 AM Initial Claims 2/3/18 221K 234K 230K
8:30:00 AM Continuing Claims 1/27/18 1923K NA 1956K
10:30:00 AM Natural Gas Inventories 2/3/18 - NA NA
Ex-Dividend: Calendar
Ex- Div Company Amt Yield
AEP Am Electric Rg 0.62 0.04
AMSWA Amer Software-A 0.11 0.04
ARCB ArcBest Rg 0.08 0.01
ARTNA ARTESIAN RES-A 0.24 0.03
BA Boeing Co Rg 1.71 0.02
BBT BB&T Rg 0.33 0.02
BMTC Bryn Mawr Bank Rg 0.22 0.02
BOKF BOK Finl Rg 0.45 0.02
BSET Bassett Furn Ind Rg 0.11 0.01
CIT CIT Group Rg 0.16 0.01
CMCO Columbus Mckinno Rg 0.04 0.00
CTO Cons.Tomoka Land Rg 0.06 0.00
GABC German Amer Banc Rg 0.15 0.02
GWB Great Westn Banc Rg 0.20 0.02
HF HFF Rg-A 1.75 0.03
IBM IBM Rg 1.50 0.04
ISBC Investors Bancor Rg 0.09 0.02
JBHT J.B.Hunt Transp Rg 0.24 0.01
MPX Marine Products Rg 0.10 0.02
MWA MUELLER WATER PRO-A 0.05 0.01
NI Nisource Rg 0.20 0.03
OLN Olin Rg 0.20 0.02
ORIT Oritani Fincl Rg 0.25 0.04
PH Parker-Hannifin Rg 0.66 0.01
RES Rpc Rg 0.10 0.01
RGC REGAL ENTERTAIN-A 0.22 0.04
ROL Rollins Rg 0.14 0.01
SCHW Charles Schwab Rg 0.10 0.01
SJM JM Smucker Rg 0.78 0.03
SSB South State Rg 0.33 0.02
STZ CONSTELLATION BRD-A 0.52 0.02
TLYS Tilly's 1.00 0.00
TOWR Tower Intl Rg 0.12 0.02
WAB Wabtec Rg 0.12 0.01
WAFD Washington Feder Rg 0.17 0.02
WING Wingstop Rg 3.17 0.00
X US Steel Rg 0.05 0.01
Earnings Reports: Morningstar Earnings Calendar & Results
Company Release Est. EPS Company Release Est. EPS
ABB (ABB) Morning 0.25 Masco (MAS) Morning 0.43
Advanced Drainage Systems (WMS) Morning 0.20 MAXIMUS (MMS) Morning 0.77
Alexion Pharmaceuticals (ALXN) Morning 1.27 MCBC (MCFT) Afternoon 0.33
American Axle & Manufact. (AXL) Morning 0.75 Medidata Solutions (MDSO) Morning 0.31
Applied DNA Sciences (APDN) Afternoon -0.11 MEDNAX (MD) Morning 0.83
Aquantia (AQ) Afternoon -0.03 MEI Pharma (MEIP) Morning -0.34
Avangrid (AGR) Morning 0.65 Mettler-Toledo International (MTD) Afternoon 5.93
Azure Power Global (AZRE) Afternoon -0.15 National Presto Industries (NPK) Afternoon N/A
BCE (BCE) Morning 0.75 NCR (NCR) Afternoon 0.87
Beacon Roofing Supply (BECN) Afternoon 0.54 New York Times (NYT) Morning 0.30
BGC Partners (BGCP) Morning 0.30 NewJersey Resources (NJR) Morning 0.59
BorgWarner (BWA) Morning 1.01 News (NWS) Afternoon N/A
Bright Horizons Family Solutions (BFAM) Afternoon 0.63 News (NWSA) Afternoon 0.19
Bristow Group (BRS) Afternoon -0.65 Nielsen (NLSN) Morning 0.75
Brookfield Property Partners (BPY) Morning N/A NuStar Energy (NS) Morning 0.17
Bruker (BRKR) Afternoon 0.48 NuStar GP (NSH) Morning 0.24
Calpine (CPN) Morning 0.07 NVIDIA (NVDA) Afternoon 1.16
Cambrex (CBM) Morning 1.12 Oaktree Specialty Lending (OCSL) Morning 0.10
Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS) Morning 0.36 Old Dominion Freight Line (ODFL) Morning 1.11
Cardinal Health (CAH) Morning 1.15 Omega Flex (OFLX) N/A N/A
Carlisle Companies (CSL) Afternoon 0.99 Panhandle Oil and Gas (PHX) Afternoon N/A
CBL & Associates Properties (CBL) Afternoon 0.15 Patterson-UTI Energy (PTEN) Morning -0.08
CBRE Group (CBG) Morning 0.95 Paylocity (PCTY) Afternoon -0.01
Cedar Realty Trust (CDR) Afternoon 0.03 Penn National Gaming (PENN) Morning 0.18
Central European Media Enterprises (CETV) Morning N/A Pennantpark Floating Rate Capital (PFLT) Afternoon 0.29
China Jo-Jo Drugstores (CJJD) Morning N/A PennyMac Financial Services (PFSI) Afternoon 0.67
Columbia Sportswear (COLM) Afternoon 1.14 PennyMac Mortgage Investment Trust (PMT) Afternoon 0.34
Control4 (CTRL) Afternoon 0.23 Philip Morris International (PM) Morning 1.35
CoreSite Realty (COR) Morning 1.14 Plug Power (PLUG) Morning -0.07
Corporate Office Properties Trust (OFC) Afternoon 0.27 Proto Labs (PRLB) Morning 0.55
Coty (COTY) Morning 0.24 Quantum (QTM) Afternoon 0.17
Crown Crafts (CRWS) Morning 0.20 Regency Centers (REG) Afternoon 0.92
CVS Health (CVS) Morning 1.88 Regeneron Pharmaceuticals (REGN) Morning 4.52
Domtar (UFS) Morning 0.69 RMR Group (RMR) Morning 0.49
DXC Technology (DXC) Afternoon 1.99 Sally Beauty (SBH) Morning 0.44
Eastern (EML) N/A N/A Sealed Air (SEE) Morning 0.57
Edgewell Personal Care (EPC) Morning 0.57 Sensient Technologies (SXT) Afternoon 0.83
eGain (EGAN) Afternoon -0.04 Snap-on (SNA) Morning 2.66
Ellington Residential Mortgage REIT (EARN) Afternoon 0.43 Spectrum Brands (SPB) Morning 1.29
EMC Insurance Group (EMCI) Morning 0.70 Stewart Information Services (STC) Morning 0.69
Expedia (EXPE) Afternoon 1.15 Suburban Propane Partners (SPH) Morning 0.88
FireEye (FEYE) Afternoon -0.01 Sun Bancorp, Inc. /NJ (SNBC) Morning 0.14
First American Financial (FAF) Morning 0.91 SurModics (SRDX) Morning -0.10
First US Bancshares (FUSB) N/A N/A Technical Communications (TCCO) Morning N/A
Fluidigm (FLDM) Afternoon -0.25 TELUS (TU) Morning 0.44
Fortive (FTV) Afternoon 0.78 Teradata (TDC) Morning 0.40
Forum Energy Technologies (FET) Afternoon -0.03 Teva Pharmaceutical Industries (TEVA) Morning 0.76
Gaming and Leisure Properties (GLPI) Morning 0.45 Thomson Reuters (TRI) Morning 0.55
Genesee & Wyoming (GWR) Morning 0.75 T-Mobile US (TMUS) Morning 0.37
Glu Mobile (GLUU) Afternoon -0.06 Total (TOT) N/A 1.06
Goodyear Tire & Rubber (GT) Morning 0.94 Travelzoo (TZOO) Morning 0.04
Griffin Industrial Realty (GRIF) N/A N/A Trimble (TRMB) Afternoon 0.36
GrubHub (GRUB) Morning 0.30 Twitter (TWTR) Morning 0.14
Hanesbrands (HBI) Morning 0.52 Tyson Foods (TSN) Morning 1.51
HNI (HNI) Afternoon 0.96 Ultralife (ULBI) Morning N/A
Hologic (HOLX) Afternoon 0.50 Unisys (UIS) Afternoon 0.10
Hub Group (HUBG) Afternoon 0.52 USA Technologies (USAT) Morning 0.01
Imperva (IMPV) Afternoon 0.27 Ventas (VTR) Morning 0.45
Kellogg (K) Morning 0.96 Viacom (VIA) Morning N/A
KKR & Co. L.P. (KKR) Morning 0.56 Viacom (VIAB) Morning 0.94
Knoll (KNL) Afternoon 0.42 Viad (VVI) Afternoon -0.30
LCI Industries (LCII) Morning 1.11 Virtu Financial (VIRT) Morning 0.12
LCI Industries (LCII) Morning 1.15 Virtusa (VRTU) Morning 0.45
Lions Gate Entertainment Co. Class A Voting Shares (LGF.A) Afternoon 0.20 Vista Outdoor (VSTO) Morning 0.07
Lions Gate Entertainment Co. Class B Non-Voting Shares (LGF.B) Afternoon N/A W. R. Grace & Co (GRA) Morning 0.96
LRAD (LRAD) Afternoon -0.04 Westwood Holdings Group (WHG) Afternoon N/A
MakeMyTrip (MMYT) Morning -0.52 Willis Towers Watson (WLTW) Morning 2.11
Manchester United (MANU) Morning 9.06 Yum! Brands (YUM) Morning 0.80
Manitowoc (MTW) Afternoon -0.04
PRE-MARKET MOVERS: $TVIX $NETE $UVXY $GSK $UGAZ $VXX $F $SPXU $RIOT $DWT $DUST VRX $SPXS $MYL $TOT $AZN
ROCKET BOT - FINVIZ TOP GAINERS - FINVIZ TOP LOSERS
Crypto Watch List: BTC XRP ETH LTC XVG PPT SALT FUN OMG POE XRB GAS NEO WTC EOS VEN SC ZCL XLM LEND ICX ETC STEEM
COIN MARKET CAP - COINDESK NEWS - RISING/FALLING
Disclaimer: The opinions in this thread and forum are solely the opinions of the individual account holders and contributors. The info should not be regarded as investment advice or as a recommendation of any particular security. All investments entail risks. As with most things in life, caveat emptor.
submitted by theprofitgod to The_Profit [link] [comments]

Daily Trading Thread - Tuesday 2.20.18

Hi everyone! Thanks for joining. This sub is for active traders of crypto and stocks, those looking to make a fat YUGE profit. While all are welcome, we are more geared for traders with a serious mindset. Post your ideas for today here.
Follow us on StockTwits and chat live on our Discord: trader chat.
Wiki: resources
FINVIZ HEATMAP - FINVIZ FUTURES - FOREX - NEWS FEED
FEB 20th TUE Fear & Greed Index
Economic Calendar: Results & More
Time Release For Actual Expected Prior
No Economic Releases Today
Ex-Dividend: Calendar
Ex- Div Company Amt Yield
 ADES  Advanced Emissions Solutions Inc.  0.25  0.12
 AFL  Aflac Inc.  0.52  0.02
 AMAT  Applied Materials Inc.  0.10  0.01
 APO  Apollo Global Management LLC  0.66  0.06
 IP  International Paper Co.  0.47  0.03
 LARK  Landmark Bancorp Inc. /Kansas/  0.20  0.03
 MAC  Macerich Co.  0.74  0.05
 MCHP  Microchip Technology Inc.  0.36  0.02
 MFC  Manulife Financial Corp.  0.18  0.02
 MFC  Manulife Financial Corp.  0.18  0.02
 MFC  Manulife Financial Corp.  0.18  0.02
 MPC  Marathon Petroleum Corp.  0.46  0.03
 MRO  Marathon Oil Corp.  0.05  0.01
 MTRN  Materion Corp.  0.10  0.01
 NAT  Nordic American Tankers Ltd.  0.03  0.16
 POWL  Powell Industries Inc.  0.26  0.04
 PRU  Prudential Financial Inc.  0.90  0.03
 TGT  Target Corp.  0.62  0.03
Earnings Reports: Morningstar Earnings Calendar & Results
Company Release Est. EPS Company Release Est. EPS
51job (JOBS) Afternoon 0.61 HSBC (HSBC) Afternoon 0.60
Allegion (ALLE) Morning 0.94 HSN (HSNI) Morning 0.94
Alon USA Partners (ALDW) Afternoon 0.44 Iconix Brand Group (ICON) N/A 0.03
American Campus Communities (ACC) Afternoon 0.36 Independence Realty Trust (IRT) Morning 0.07
American Water Works (AWK) Afternoon 0.66 Ingevity (NGVT) Afternoon 0.36
Amerisafe (AMSF) Afternoon 0.82 Inovalon (INOV) Afternoon 0.07
AngloGold Ashanti (AU) Morning N/A InterContinental Hotels Group (IHG) Morning 1.16
ATN International (ATNI) Afternoon -0.10 Invesco Mortgage Capital (IVR) Afternoon 0.42
Avangrid (AGR) Morning 0.65 Kraton (KRA) Afternoon 0.67
BioTelemetry (BEAT) Afternoon 0.23 LaSalle Hotel Properties (LHO) Afternoon 0.15
bluebird bio (BLUE) Afternoon -1.68 La-Z-Boy (LZB) Afternoon 0.46
Boston Beer (SAM) Afternoon 0.82 LendingClub (LC) Afternoon -0.02
Boyd Gaming (BYD) Afternoon 0.26 LivePerson (LPSN) Afternoon 0.01
BSQUARE (BSQR) Afternoon N/A Maui Land & Pineapple (MLP) N/A N/A
Cardtronics (CATM) Afternoon 0.62 Medtronic (MDT) Morning 1.16
Chicago Bridge & Iron (CBI) Afternoon 0.48 MGM Growth Properties (MGP) Morning 0.53
Clovis Oncology (CLVS) Afternoon -1.29 MGM Resorts International (MGM) Morning 0.09
Computer Task Group (CTG) Morning 0.06 Milacron (MCRN) Morning 0.39
Concho Resources (CXO) Afternoon 0.43 Monarch Casino & Resort (MCRI) Afternoon 0.41
Continental Resources (CLR) Afternoon 0.21 Morningstar (MORN) Afternoon N/A
Cooper Tire & Rubber (CTB) Morning 0.62 MSA Safety (MSA) Afternoon 0.94
Corelogic (CLGX) Afternoon 0.50 Nationstar Mortgage (NSM) Morning N/A
CoStar Group (CSGP) Afternoon 1.35 Navigant Consulting (NCI) Morning 0.40
Cotiviti (COTV) Afternoon 0.43 Newfield Exploration (NFX) Afternoon 0.55
Crestwood Equity Partners (CEQP) Morning 0.04 NiSource (NI) Morning 0.32
Ctrip.Com International (CTRP) Afternoon 0.17 Noble Energy (NBL) Morning 0.04
CyberOptics (CYBE) Afternoon -0.10 Noble Midstream Partners (NBLX) Afternoon 1.17
Devon Energy (DVN) Afternoon 0.61 Ocwen Financial (OCN) Morning -0.18
Diana Containerships (DCIX) Morning N/A Osisko Gold Royalties (OR) Afternoon 0.03
DineEquity (DIN) Morning 0.72 Pan American Silver (PAAS) Afternoon 0.18
Domino's Pizza (DPZ) Morning 1.97 PGT Innovations (PGTI) Morning 0.13
Dorman Products (DORM) Morning 0.86 Pinnacle Entertainment (PNK) Morning 0.14
Duke Energy (DUK) Morning 0.92 Pope Resources A Delaware (POPE) Morning N/A
Ecolab (ECL) Morning 1.39 PRA Health Sciences (PRAH) Afternoon 1.02
Education Realty Trust (EDR) Morning 0.58 Public Storage (PSA) Afternoon 1.99
Empire State Realty Trust (ESRT) Afternoon 0.19 QEP Resources (QEP) Afternoon -0.08
Enable Midstream Partners (ENBL) Morning 0.21 Ramco-Gershenson Properties Trust (RPT) Afternoon 0.05
Encore Wire (WIRE) Afternoon 0.47 Rayonier Advanced Materials (RYAM) Morning 0.15
Endologix (ELGX) Afternoon -0.20 Rent-A-Center (RCII) Afternoon -0.07
Energen (EGN) Morning 0.41 Rogers (ROG) Afternoon 1.41
Energy Transfer Equity (ETE) Afternoon 0.34 Safety Insurance Group (SAFT) N/A 0.80
EnLink Midstream (ENLC) Afternoon 0.17 Shotspotter (SSTI) Afternoon -0.07
EnLink Midstream Partners (ENLK) Afternoon 0.06 SiteOne Landscape Supply (SITE) Morning -0.05
Entercom Communications (ETM) Morning 0.32 Six Flags Entertainment (SIX) Morning 0.12
Enzymotec (ENZY) Morning 0.08 Spark Therapeutics (ONCE) Morning -1.67
Esperion Therapeutics (ESPR) Morning -1.80 Spirit Realty Capital (SRC) Morning 0.06
Evertec (EVTC) Afternoon 0.23 Square (SQ) Afternoon 0.07
Extra Space Storage (EXR) Afternoon 0.73 Standard Motor Products (SMP) Morning 0.38
Farmland Partners (FPI) Afternoon 0.06 State Auto Financial (STFC) Morning 0.47
FARO Technologies (FARO) Afternoon 0.35 Sturm Ruger & Company Inc (RGR) Afternoon 0.70
First Industrial Realty Trust (FR) Afternoon 0.15 Ternium (TX) Afternoon 0.95
FirstEnergy (FE) Afternoon 0.66 TPG Specialty Lending (TSLX) Afternoon 0.45
Flotek Industries (FTK) Afternoon -0.03 Transocean (RIG) Afternoon -0.21
Fluor Co. (NEW) (FLR) Afternoon 0.63 Travelport Worldwide (TVPT) Morning 0.01
Foundation Medicine (FMI) Afternoon -0.99 TRI Pointe Group (TPH) Morning 0.64
Four Corners Property Trust (FCPT) Afternoon 0.24 tronc (TRNC) Afternoon 0.55
Fresh Del Monte Produce (FDP) Morning N/A Tronox (TROX) Afternoon 0.02
Gannett (GCI) Morning 0.46 U.S. Silica (SLCA) Afternoon 0.56
Genesis Healthcare (GEN) Afternoon -0.20 Ultragenyx Pharmaceutical (RARE) Afternoon -1.96
Gentherm (THRM) Morning 0.53 Univar (UNVR) Morning 0.24
Genuine Parts (GPC) Morning 1.03 Universal Forest Products (UFPI) Afternoon 0.44
Gladstone Land (LAND) Afternoon -0.01 Universal Insurance (UVE) Afternoon 0.81
Great Lakes Dredge & Dock (GLDD) Morning -0.09 Vectren (VVC) Afternoon 0.79
Greenlight Capital Re (GLRE) Afternoon 0.54 Wal-Mart Stores (WMT) Morning 1.37
Grupo Televisa SAB (TV) Afternoon 0.13 Westar Energy (WR) Afternoon 0.41
Haverty Furniture Companies (HVT) Afternoon 0.30 Westinghouse Air Brake Technologies (WAB) Morning 0.90
Helix Energy Solutions Group (HLX) Afternoon -0.01 Westlake Chemical (WLK) Morning 1.69
Henry Schein (HSIC) Morning 0.97 Westlake Chemical Partners (WLKP) Morning 0.43
Holly Energy Partners (HEP) Morning 0.52 William Lyon Homes (WLH) Morning 0.84
Home Depot (HD) Morning 1.62 Wolverine World Wide (WWW) Morning 0.40
Host Hotels and Resorts (HST) Afternoon 0.15 WPX Energy (WPX) Afternoon -0.08
PRE-MARKET MOVERS: $WMT, $JDST, $UGAZ, $OSTK, $GBTC, $SPY, $RACE, $AIMT, $OLED, $HD, $UVXY, $MOS, $AMAG, $SNAP, $TGT
ROCKET BOT - FINVIZ TOP GAINERS - FINVIZ TOP LOSERS
Crypto Watch List: BTC LTC ETH WTC ETC XRB PPT SALT LEND EOS SC ZCL XLM XVG OMG POE ICX FUN STEEM VEN GAS NEO XRP
COIN MARKET CAP - COINDESK NEWS - RISING/FALLING - COIN 360 HEATMAP
Disclaimer: The opinions in this thread and forum are solely the opinions of the individual account holders and contributors. The info should not be regarded as investment advice or as a recommendation of any particular security. All investments entail risks. As with most things in life, caveat emptor.
submitted by theprofitgod to The_Profit [link] [comments]

ACB - A Convertibles Update

I thought it a good time to revisit ACB's prior convertible debt issue, in lieu of their share price advances and further convertible dumps.
For background, at the bottom is a post I did in June 2017 that pulled their debt apart, and tried to make some sense of it.
This is what ACB has done since. There's millions more outstanding, I'll consolidate and update at some point.
They'd triggered an earlier tranche debentures at trigger of some $25MM, squashing that bug earlier this month. They'll be booking a $2MM charge against income in Q2-2018 for this. As well, given share price of today, the accelerated 17MM tranche @ $3 will be executed in December. While it's cash proceeds of some $50MM, they'll be taking a charge against income of $90MM for it in Q2-2018 as well.
Yeah, convertibles can become very expensive money.
One view would be that ACB is doing it now, because it's just gonna become waaay more expensive later on. And, they can deploy that $50MM to build hard assets.
If shares soar, it'll be seen as having been prudent. One way or the other, they've just paid $1.75 for a dollar, 50 million times.
There's more issues as well: 1.9MM 5yr @ $2.76, 1MM 5yr @ $2.39, and.........drum roll...
150MM of 3yr options and warrants for $75MM cash, priced at $3 & $4 respectively in Q1 2018.
I'm gonna need some time and a quantum computer to hash this out. On the face of it, this all makes the phrase 'holy shit' seem a quiet understatement.
Ima gonna do a long haul on this and post it - mainly because the totality of it is so massive relative to the company.
Stay tuned...
***Deconstructing Convertible Debentures - or - How to Quietly Shift Massive Costs onto Shareholders**** - June 2017
I've made references to this before, but, I think a 'Dick and Jane' primer on the subject should be done. Despite the big words in the title, this stuff is really straightforward, and the math is grade 9 level.
It's all about financing.
That is, it's just like you going to the bank for a mortgage or a car loan. You need money you don't have to buy the shit you'd like. So. You're likely not gonna issue debentures for that Maserati (or that creamy lil' Ford Focus you simply have to have), but you will need to pledge some capital or use your credit worthiness to get financing. Businesses do the same thing. There's just more ways for them to do it. I'm not gonna go into them all - innovation in credit and credit-related derivatives is holy-fuck level complex.
Fortunately, we don't need to go anywhere near that heady stuff (google 'interest rate call swaption' if you've got a finance fetish. Or maybe you're an applied mathematician/financial engineer temporally hedging your long dated forex book at a macro level).
Some complexity does play a role here though, but awareness is all that's needed.
First - Definitions:
Second - Options
Options are a derivative that is comprised of two values: intrinsic and extrinsic.
Third - What's a convertible debenture?
It's debt taken by a company, and given to a lender. It's simply a promise to pay. The lender asks for interest to be paid on the money lent (like CP or bonds), usually at rates higher than a secured loan.
Sometimes the companies can't afford the interest rates. So, they get creative to entice lenders.
One way is to offer nested options around either the company or perhaps future cash flows.
Aurora (ACB) recently issued some convertible debentures to finance the Sky expansion. Cool. CMED issued some a year and a bit ago. Ok.
Let's look at ACB's in detail, and find out what it cost them to get financing. I'm only gonna do a napkin calc. I could do the deep one, but, I don't want to spend 2 hours to get called names by the non-contributing lost stockhouse vagrants in here. Honestly, you can do the math too. And I'll point out where the complex is, so you'll know what you don't know.
Knowing what you don't know is really useful in life. And business.
I've seen a bunch in online boards say how great that 7% interest rate ACB got on the $75 million. Is that the actual cost of the money?
No. It's not.
They're paying a whole lot more than that. And if you're a shareholder, you should be really fucking pissed. I would be. I've never held them, or if I did, it was some short term swing trading last fall. If I can't remember, it wasn't much to remember.
Fourth - ACB's Convertible Debenture Issue
The $75 million lent is repayable on May 2, 2019. 7% interest, payable semi annually (June, Dec). I'm gonna ignore compounding, and do a straight calc. Materially, it won't matter.
The debentures also have a call option nested in them.
They also have a put option in them.
Both of those options have value. Both extrinsic and intrinsic.
So, the lender is not only getting interest on the cash, they're also getting free options from ACB. This was likely needed to sweeten the deal enough for them to do it.
There are models out there that value options. They hold up really well. Mathematical laws and all. Simplicity and elegance.
Fifth - Total Financing Cost
Annually, ACB is paying $5.25MM to service the debt. Total interest cost before they have to repay the principal is $10.5MM. Right?
What about that option value they gave up? ACB could've sold warrants/options, and used the premium received as financing too.
Instead, they gave to to the financiers. What did they give?
Using a $2.20 market price for ACB (today's, not May second), 2 years duration, 100% vol, the call option is $0.96.
The put option is $3.20.
So, effectively a call option on ~= 20 million shares, and a put on some ~= 15 million shares - assuming full strike on the $75 million.
If ACB had written options themselves and sold them, they could have collected the dough, issued contingent treasury shares as a reserve on the balance sheet, and kept the premiums as recompense.
I mentioned that there is some complexity in this. The hair on this is in the continuous conversion of the options (open to exercise at any time subject to 30 days notice - also known a a 'European' option, rather than an 'American' option). It's also got debt covenants within the debentures that prohibit ACB from further dilution (this is a failsafe for the lender, in case ACB decides to crash the stock by issuing another billion shares).
And - the lender keeps their downside intact (recall, if ACB goes tits up, they've got no asset to grab), the lender will short an equivalent $75million in stock. They'll take the money, and invest it in short term money markets while waiting, topping up their 7% nominal interest. It's called a credit box.
Despite it being a debenture, the lender is effectively fully securitized.
So, how much did that $75 million cost them?
Well, it's all there. I encourage you to look at this and work through it. I hope you have questions.
The CFO at Aurora will have the answers.
TLDR: Aurora is paying more than 37% in effective interest rates on their May 2 debenture issue.
EDIT - a couple of more links inserted and a clean up of my shitty writing.
EDIT 2 - at the bottom of this all is the impact on shareholders. What I assume is the obvious - I never did actually state. If the lender exercises, ACB will have to book a loss on their income statement for the difference between the strike of the call, and market. Potentially, it could be lots. If ACB hit $5 before May 2019, they'll take a $50MM hit to income. Probably wiping out a half year (or more) in sales. That's really the bottom of this all. Just fyi.
submitted by mollytime to TheCannalysts [link] [comments]

Daily Trading Thread - Wednesday 2.14.18 - Happy Valentines Day <3

Hi everyone! Thanks for joining. This sub is for active traders of crypto and stocks, those looking to make a fat YUGE profit. While all are welcome, we are more geared for traders with a serious mindset. Post your ideas for today here.
Follow us on StockTwits and chat live on our Discord: trader chat.
Wiki: resources
FINVIZ HEATMAP - FINVIZ FUTURES - FOREX - NEWS FEED
FEB 14th WED Fear & Greed Index
Economic Calendar: Results & More
Time Release For Actual Expected Prior
7:00:00 AM MBA Mortgage Applications Index 10-Feb-18 -4.10% NA 0.70%
8:30:00 AM CPI Jan 0.50% 0.40% 0.20%
8:30:00 AM Core CPI Jan 0.30% 0.20% 0.10%
8:30:00 AM Retail Sales Jan -0.30% 0.20% 0.00%
8:30:00 AM Retail Sales ex-auto Jan 0.00% 0.40% 0.10%
10:00:00 AM Business Inventories Dec - 0.40% 0.30%
Ex-Dividend: Calendar
Ex- Div Company Amt Yield
AGCO AGCO Rg 0.15 0.01
AIT Applied Ind Tech Rg 0.30 0.02
ALE Allete Rg 0.56 0.03
AMGN Amgen Rg 1.32 0.03
ARR ARMOUR Res REIT Rg 0.19 0.10
AWR American Sts Wat Rg 0.26 0.02
BHB Bar Harbor BKSHS Rg 0.19 0.00
BHLB Berkshire Hills Rg 0.22 0.02
BKH Black Hills Rg 0.48 0.04
CC Chemours Rg 0.17 0.00
CHD Church & Dwight Rg 0.22 0.02
CNP Centerpoint Ener Rg 0.28 0.04
DRE Duke Realty REIT Rg 0.20 0.03
EXC Exelon Rg 0.35 0.04
GCBC Greene County Ba Rg 0.10 0.01
GRC GORMAN-RUPP RG 0.13 0.02
HCP HCP REIT Rg 0.37 0.06
HTH Hilltop Holdings Rg 0.07 0.01
IVZ Invesco Rg 0.29 0.04
JBL Jabil Circuit Rg 0.08 0.01
KLAC KLA-Tencor Rg 0.59 0.02
KR Kroger Rg 0.13 0.02
LABL Multi-Color Rg 0.05 0.00
LKSD LSC Communicatio Rg 0.26 0.08
LLY Eli Lilly & Co Rg 0.56 0.03
MMS Maximus Rg 0.05 0.00
MNR MONMOUTH REAL EST-A 0.17 0.05
MSEX Middlesex Water Rg 0.22 0.02
MSFT Microsoft Rg 0.42 0.02
OTTR Otter Tail Rg 0.34 0.03
PFS Provident Financ Rg 0.20 0.03
PKOH Park Ohio Holdin Rg 0.13 0.01
PRI Primerica Rg 0.25 0.01
RECN Resources Connec Rg 0.12 0.03
RRD RR Donnelley&Sons - Registered 0.14 0.00
SALT Scorpio Bulkers Rg 0.02 0.00
SBRA Sabra HC REIT Rg 0.45 0.06
SHBI Shore Bancshares Rg 0.07 0.01
SIGI Selective Insura Rg 0.18 0.01
SMBC Sn Missouri Banc Rg 0.11 0.00
SMP Stand Motor Prod Rg 0.21 0.02
SWX Southwest Hldgs Rg 0.50 0.03
TCF TCF Financial Rg 0.15 0.00
TJX Tjx Companies Rg 0.31 0.02
UMH UMH Propert REIT Rg 0.18 0.08
VVC Vectren Rg 0.45 0.03
WBA Walgreens Boots Rg 0.40 0.02
WYNN Wynn Resorts Rg 0.50 0.01
XEC Cimarex Energy Rg 0.08 0.00
XYL Xylem Rg 0.21 0.01
ZION Zions Bancorp Rg 0.20 0.01
Earnings Reports: Morningstar Earnings Calendar & Results
Company Release Est. EPS Company Release Est. EPS
ACCO Brands (ACCO) Morning 0.44 Intercept Pharmaceuticals (ICPT) Morning -3.39
AerCap (AER) Morning 1.38 Interpublic Group of Companies (IPG) Morning 0.77
Agios Pharmaceuticals (AGIO) Morning -1.65 Iqvia (IQV) Morning 1.34
Agnico Eagle Mines (AEM) Afternoon 0.20 Irhythm Technologies (IRTC) Afternoon -0.35
Airgain (AIRG) Afternoon 0.07 Israel Chemicals (ICL) Morning 0.08
Alkermes (ALKS) Morning 0.13 JMP Group (JMP) Afternoon 0.06
Allison Transmission (ALSN) Afternoon 0.62 Keysight Technologies (KEYS) Afternoon 0.61
Allscripts Healthcare Solutions (MDRX) Afternoon 0.19 Kinross Gold (KGC) Afternoon 0.04
Altisource Portfolio Solutions (ASPS) N/A 0.54 Laboratory Corp. of America (LH) Morning 2.38
Annaly Capital Management (NLY) Afternoon 0.30 Lincoln Electric (LECO) Morning 0.96
Apollo Commercial Real Est. Finance (ARI) Afternoon 0.10 Lithia Motors (LAD) Morning 2.09
Arista Networks (ANET) Afternoon 1.39 Live Ventures (LIVE) Afternoon N/A
ARRIS International (ARRS) Afternoon 0.76 Marathon Oil (MRO) Afternoon -0.05
Avon Products (AVP) Morning 0.07 Marchex (MCHX) Afternoon -0.01
B&G Foods (BGS) Afternoon 0.57 Marriott International (MAR) Afternoon 1.01
Barrick Gold (ABX) Afternoon 0.21 Martin Midstream Partners (MMLP) Afternoon 0.35
BCB Bancorp (BCBP) N/A 0.21 Mattersight (MATR) Afternoon -0.10
Blucora (BCOR) Morning -0.25 Mazor Robotics (MZOR) Morning -0.07
Build-A-Bear Workshop (BBW) Morning 0.35 MFA Financial (MFA) N/A 0.17
Bunge (BG) Morning 1.48 Molson Coors Brewing (TAP) Morning 0.56
CBIZ (CBZ) Morning 0.02 Navigators Group (NAVG) Afternoon 0.59
Cedar Fair (FUN) Morning 0.22 Neptune Technologies & Bioressources (NEPT) Afternoon N/A
Centurylink (CTL) Afternoon 0.32 NetApp (NTAP) Afternoon 0.90
Chemed (CHE) Afternoon 2.27 New Home (NWHM) Morning 0.64
Chemours (CC) Afternoon 0.97 NOW (DNOW) Morning -0.07
Chimera Investment (CIM) Morning 0.61 Nu Skin Enterprises (NUS) Afternoon 1.18
Cimarex Energy (XEC) Afternoon 1.22 Orbotech (ORBK) Morning 0.85
Cinedigm (CIDM) Afternoon N/A Parker Drilling (PKD) Afternoon -0.17
CMS Energy (CMS) Morning 0.51 Patrick Industries (PATK) Morning 1.07
CNX Midstream Partners (CNXM) Morning 0.39 Pennsylvania Real Estate Investment Trust (PEI) Afternoon 0.04
Cohu (COHU) Afternoon 0.31 Photronics (PLAB) Morning 0.06
Colliers International Group (CIGI) Morning 1.23 Pilgrim's Pride (PPC) Afternoon 0.58
Consumer Portfolio Services (CPSS) Afternoon 0.17 Potbelly (PBPB) Morning 0.08
Corecivic (CXW) Afternoon 0.55 Prothena (PRTA) Afternoon -1.47
Credit Suisse Group (CS) Morning N/A QuickLogic (QUIK) Afternoon -0.04
Criteo (CRTO) Morning 0.74 RadNet (RDNT) Morning 0.11
CVR Energy (CVI) Morning -0.07 Rexford Industrial Realty (REXR) Afternoon 0.03
CVR Refining (CVRR) Morning -0.02 Sabre (SABR) Morning 0.28
Cyren (CYRN) Morning -0.08 SCANA (SCG) Morning 0.90
Cytokinetics (CYTK) N/A -0.71 Scorpio Tankers (STNG) Morning -0.08
Dean Foods (DF) Morning 0.26 Shire (SHPG) Morning 3.86
Deltic Timber (DEL) Afternoon N/A Sodastream International (SODA) Morning 0.78
Diana Shipping (DSX) Morning N/A Stag Industrial (STAG) Afternoon 0.02
Digital Realty Trust (DLR) Afternoon 0.37 Stericycle (SRCL) Afternoon 1.14
Enbridge Energy Management (EEQ) N/A 0.12 Summit Materials (SUM) Morning 0.27
Enbridge Energy Partners (EEP) Morning 0.20 Sun Life Financial (SLF) Afternoon 0.81
EPAM Systems (EPAM) Morning 0.98 SunPower (SPWR) Morning 0.12
Equity Commonwealth (EQC) Afternoon 0.20 Syntel (SYNT) Morning 0.39
Euroseas (ESEA) Morning -0.03 Teck Resources (TECK) Morning 1.01
Five9 (FIVN) Afternoon 0.04 Terex (TEX) Morning 0.24
FLIR Systems (FLIR) Morning 0.55 The GEO Group (GEO) Morning 0.35
Genesis Energy (GEL) Afternoon 0.36 Time (TIME) Morning 0.76
Genocea Biosciences (GNCA) N/A -0.41 Tucows (TCX) Morning 0.74
Gladstone Commercial (GOOD) Afternoon -0.02 Ultragenyx Pharmaceutical (RARE) Afternoon -1.96
GNC (GNC) Morning 0.23 United Fire Group (UFCS) Morning 0.57
Gold Fields (GFI) Afternoon N/A Urban Edge Properties (UE) Afternoon 0.34
Goldcorp (GG) Afternoon 0.12 US Ecology (ECOL) Afternoon 0.60
Grand Canyon Education (LOPE) Afternoon 1.10 Vanda Pharmaceuticals (VNDA) Afternoon -0.11
Healthcare Realty Trust (HR) Afternoon 0.10 Veru (VERU) Morning -0.03
Hilton Worldwide (HLT) Morning 0.44 Warrior Met Coal (HCC) Afternoon 0.79
Hudson Pacific Properties (HPP) Morning 0.11 Waste Management (WM) Morning 0.83
Huntington Ingalls Industries (HII) Morning 2.93 West Pharmaceutical Services (WST) Morning 0.63
HV Bancorp (HVBC) Morning N/A Williams Partners (WPZ) Afternoon 0.44
Hyatt Hotels (H) Morning 0.22 Wix.Com (WIX) Morning -0.13
IMPINJ (PI) Afternoon -0.21 Wyndham Worldwide (WYN) Morning 1.35
Independence Realty Trust (IRT) Morning 0.07 YuMe (YUME) Afternoon N/A
Insight Enterprises (NSIT) Afternoon 0.79
PRE-MARKET MOVERS: $FOSL $DBVT $NSPR $ZSAN $CMG $BLDP $TWLO $OLED $DGAZ $RIOT $BIDU $TEUM $DPW
ROCKET BOT - FINVIZ TOP GAINERS - FINVIZ TOP LOSERS
Crypto Watch List: BTC LTC GAS NEO XRP ETH WTC ETC XRB PPT SALT LEND VEN XLM XVG OMG POE EOS SC ZCL ICX FUN STEEM
COIN MARKET CAP - COINDESK NEWS - RISING/FALLING
Disclaimer: The opinions in this thread and forum are solely the opinions of the individual account holders and contributors. The info should not be regarded as investment advice or as a recommendation of any particular security. All investments entail risks. As with most things in life, caveat emptor.
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