Jump to content


Photo
- - - - -

TRUSTCO


  • Please log in to reply
150 replies to this topic

#1 DividendTycoon

DividendTycoon

    Newbie

  • Members
  • Pip
  • 42 posts

Posted 06 January 2017 - 08:25 AM

Okay, for me that's enough trustco banging. Time to spend energy on positive things, like my darling wife. Adios, Dokter, or is it Doktor in Afrikaans unless referring to a medical GP? Despite all my internet searches, still cannot find the university that awarded u ur PhD. Maybe selfassigned when you were representing Namibian Medical Solutions and you like the sound of it so much you decided, what the heck, Dr Q sounds more glamorous than Mr Q? And also distinguishes you from Q jnr. And for the records, diamonds is not spelt daimonds, as per some of your tweets!

Don't stop! Every time you post the share price rises...maybe Dr Q watching you  :ph34r:  :)  


  • 0

#2 SoleTrader

SoleTrader

    Advanced Member

  • Junior Member
  • PipPipPip
  • 276 posts

Posted 06 January 2017 - 06:37 AM

Okay, for me that's enough trustco banging. Time to spend energy on positive things, like my darling wife. Adios, Dokter, or is it Doktor in Afrikaans unless referring to a medical GP? Despite all my internet searches, still cannot find the university that awarded u ur PhD. Maybe selfassigned when you were representing Namibian Medical Solutions and you like the sound of it so much you decided, what the heck, Dr Q sounds more glamorous than Mr Q? And also distinguishes you from Q jnr. And for the records, diamonds is not spelt daimonds, as per some of your tweets!
  • 0

#3 DividendTycoon

DividendTycoon

    Newbie

  • Members
  • Pip
  • 42 posts

Posted 05 January 2017 - 03:53 PM

All the good work of tweeting and ranting and raving and calling people clowns and talking about second hand cars and wanting to show people, all coming undone as the mystery shopper disappears?

 

 

“Trustco is not a company to be viewed through ordinary eyes; only those with exceptional vision can see what great future lies ahead.”          

That was good work??  :)


  • 0

#4 SoleTrader

SoleTrader

    Advanced Member

  • Junior Member
  • PipPipPip
  • 276 posts

Posted 05 January 2017 - 03:40 PM

All the good work of tweeting and ranting and raving and calling people clowns and talking about second hand cars and wanting to show people, all coming undone as the mystery shopper disappears?

 

 

“Trustco is not a company to be viewed through ordinary eyes; only those with exceptional vision can see what great future lies ahead.”          


Edited by SoleTrader, 05 January 2017 - 03:50 PM.

  • 0

#5 SoleTrader

SoleTrader

    Advanced Member

  • Junior Member
  • PipPipPip
  • 276 posts

Posted 04 January 2017 - 09:36 PM

There I cannot help you. Maybe ask your broker to contact the JSE? Doubt if they will give him any info though.
  • 0

#6 DividendTycoon

DividendTycoon

    Newbie

  • Members
  • Pip
  • 42 posts

Posted 04 January 2017 - 08:34 PM

No accusations made. Sentence two is fact. Its very easy for JSE survailance to see which broker is buying, and to see which he's buying for. Sentence one refers to the illustrious dokter knowledge on how capital markets work. Intersting a day after my posting the strong demand for the share suddenly disappears. Propped up in the auction. Peace to All.

Interesting...please can you share who was buying?


  • 0

#7 SoleTrader

SoleTrader

    Advanced Member

  • Junior Member
  • PipPipPip
  • 276 posts

Posted 04 January 2017 - 06:32 PM

No accusations made. Sentence two is fact. Its very easy for JSE survailance to see which broker is buying, and to see which he's buying for. Sentence one refers to the illustrious dokter knowledge on how capital markets work. Intersting a day after my posting the strong demand for the share suddenly disappears. Propped up in the auction. Peace to All.
  • 0

#8 DividendTycoon

DividendTycoon

    Newbie

  • Members
  • Pip
  • 42 posts

Posted 04 January 2017 - 09:05 AM

As someone with a Dokter graad (self assigned or awarded), you should be aware that it takes more than 1 buyer to rerate a share.  Also, the JSE doesn't really like it when a share price gets manipulated.,..

Have you got hard evidence of this? And would you be saying this had you not sold out already? Not necessarily saying you wrong, but would like to know on what basis you make this rather serious accusation.


  • 0

#9 SoleTrader

SoleTrader

    Advanced Member

  • Junior Member
  • PipPipPip
  • 276 posts

Posted 03 January 2017 - 03:53 PM

As someone with a Dokter graad (self assigned or awarded), you should be aware that it takes more than 1 buyer to rerate a share.  Also, the JSE doesn't really like it when a share price gets manipulated.,..


  • 0

#10 Sugafoot

Sugafoot

    Advanced Member

  • Members
  • PipPipPip
  • 296 posts

Posted 12 December 2016 - 02:46 PM

... My biggest disappointment has been DiamondCorp

From above R2 to 40c
  • 0

#11 DividendTycoon

DividendTycoon

    Newbie

  • Members
  • Pip
  • 42 posts

Posted 05 December 2016 - 11:53 AM

McDougall's resignation is just the cherry on top. @DividendTycoon yes its horrible to be let down when you believed in something, but as Buffet said, The share doesn't know that you own it. I think Trustco is that classic restaurant kitchen analogy - the patrons have got no idea what's happening in the kitchen. For me the red light flashed when rumours of van rooyen being a common thief started, then one rather panics first and investigates later.

He has admitted publicly to having a criminal record for something many years back. I am less worried about that than the reason for McDougall's resignation or the bad press Trustco is receiving, and the mining issues. I also felt the debt on the Balance Sheet had risen a little too high. I will most likely wait until the March 2017 results are released to decide on further action, but I can say that the risks have definitely risen, hence reducing my holding, and risk. 


  • 0

#12 SoleTrader

SoleTrader

    Advanced Member

  • Junior Member
  • PipPipPip
  • 276 posts

Posted 03 December 2016 - 01:33 PM

McDougall's resignation is just the cherry on top. @DividendTycoon yes its horrible to be let down when you believed in something, but as Buffet said, The share doesn't know that you own it. I think Trustco is that classic restaurant kitchen analogy - the patrons have got no idea what's happening in the kitchen. For me the red light flashed when rumours of van rooyen being a common thief started, then one rather panics first and investigates later.
  • 0

#13 DividendTycoon

DividendTycoon

    Newbie

  • Members
  • Pip
  • 42 posts

Posted 03 December 2016 - 10:53 AM

I spent  time studying things after McDougall's resignation, and studying the numbers. While not in a panic as I still have some faith in the company, I sold about 20% of my holding at R3.20. The rest is effectively free, but may lighten holdings further in new tax year if I do not get a better feeling about things. Pity as this was a long term wealth building hold, but sometimes you have to be able to change your mind if new facts warrant it.


  • 0

#14 DividendTycoon

DividendTycoon

    Newbie

  • Members
  • Pip
  • 42 posts

Posted 03 December 2016 - 10:52 AM

I spent  time studying things after McDougall's resignation, and studying the numbers. While not in a panic as I still have some faith in the company, I sold about 20% of my holding at R3.20. The rest is effectively free, but may lighten holdings further in new tax year if I do not get a better feeling about things. Pity as this was a long term wealth building hold, but sometimes you have to be able to change your mind if new facts warrant it.


  • 0

#15 SoleTrader

SoleTrader

    Advanced Member

  • Junior Member
  • PipPipPip
  • 276 posts

Posted 03 December 2016 - 09:06 AM

His FD resigns. Rumours that his whole spindoctoring team walked out. And this clown continues believing his own bullshit. Maybe a good investigation is needed in how he acquired massive tracks of land in Windhoek so cheaply....

http://www.namibian....-director-quits

“Trustco is not a company to be viewed through ordinary eyes; only those with exceptional vision can see what great future lies ahead.”

Edited by SoleTrader, 03 December 2016 - 09:08 AM.

  • 0

#16 SoleTrader

SoleTrader

    Advanced Member

  • Junior Member
  • PipPipPip
  • 276 posts

Posted 28 November 2016 - 03:30 PM

Ai Dokter.  But anycase R8600 not such a large amount of cash, our politicians steal multiples of that on a daily basis.

 

CyPrT5jWQAATHGw.jpg


  • 0

#17 SoleTrader

SoleTrader

    Advanced Member

  • Junior Member
  • PipPipPip
  • 276 posts

Posted 26 November 2016 - 10:29 AM

If the diamond deal gets cancelled you should see the share recover. However given the controversy around this share and it's CEO I think it will take a while. McDougall is a loss - apparently a very bright and ethical man.
But it's good knowing that former mercenary Jan Joubert from Executive Outcomes is in charge of Trustco Resources. Dokter loves these controversial characters! Wonder if Dokter is mates with Beny Steinmetz as well?
  • 0

#18 DividendTycoon

DividendTycoon

    Newbie

  • Members
  • Pip
  • 42 posts

Posted 25 November 2016 - 03:19 PM

The chickens coming home to roost?

 

McDougall admitted uncertainty over the prospects of the mining licence could scuttle the deal. 
“If we don’t get any mining licence we don’t have any deal.

 

 

http://www.observer....mond-deal-fishy

Do not really see the problem:

 

2 scenarios:

 

1: No licence = no deal = no problem

 

2. License received. Have to reach minimum earnings, think it something like N$250m for first batch of shares. No profit = no deal = no problem.

 

Still, is a pity McDougall resigned, that is always a worry.


  • 0

#19 SoleTrader

SoleTrader

    Advanced Member

  • Junior Member
  • PipPipPip
  • 276 posts

Posted 25 November 2016 - 01:14 PM

The chickens coming home to roost?

 

McDougall admitted uncertainty over the prospects of the mining licence could scuttle the deal. 
“If we don’t get any mining licence we don’t have any deal.

 

 

http://www.observer....mond-deal-fishy

 


  • 0

#20 SoleTrader

SoleTrader

    Advanced Member

  • Junior Member
  • PipPipPip
  • 276 posts

Posted 24 November 2016 - 04:49 PM

And there the Financial Director follows his deputy and resigns as well.  O gonna what now?


  • 0





Sponsored by Sharenet and VPSNine Linux VPS Hosting