ROIC > WACC for value creation
Measure using EVA (Economic Value Added)
EVA = NOPAT - (IC × WACC)
Where:
NOPAT = Net Operating Profit After Taxes
IC = Invested Capital
WACC = Weighted Average Cost of Capital
$MSFT example:
MSFT EVA = $71.8B - ($290.7B x 10%) = $42.7B
The…
Ferrari $RACE Q2FY25 earnings quite disappointing to say the least. Topline missed expectations by 2% mainly du to weaker growth in core Cars and Spare Parts division only +3% vs the expected +7%.
What is currency manipulation? In economics there are two ways in which a country can control its economic activities — fiscal policy (the government is in charge of that) and monetary policy (the central bank of a country is in charge of that).
And those taxable events can be avoided in four ways:
1. Setting up a family trust for estate planning
2. Spousal exemption
3. PBO donation exemption
4. R 3.5m initial exemption
And those taxable events can be avoided in four ways:
1. Setting up a family trust for estate planning
2. Spousal exemption
3. PBO donation exemption
4. R 3.5m initial exemption
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On Wednesday June 21st at a later time of 6.30pm to allow more to participate, join me Anthony Clark @smalltalkdaily for a @RandSwiss@GaryBooysen extended online event with Q&A on the happenings on the @JSE_Group Small-to-Mid Cap sector
Register for the event below
On Wednesday June 21st at a later time of 6.30pm to allow more to participate, join me Anthony Clark @smalltalkdaily for a @RandSwiss@GaryBooysen extended online event with Q&A on the happenings on the @JSE_Group Small-to-Mid Cap sector
Register for the event below
I just got a call about a young woman from Limpopo who also fell victim to a job scam (English teacher) in Thailand. Please warn young people in your circles not to fall for these scams. Contact @DIRCO_ZA before you accept overseas job offers. Human trafficking is real. I've…
Seems like my post on Santova seemed to garner significant attention so why not do the same for one of FinTwit's favorite stocks PURPLE GROUP (JSE: PPE)
50 RETWEETS and I will share my fair value model on Twitter
Run it up
Unpopular opinion:
There are apps you can get on your phone right now that are better at picking stocks and options trades than professional traders
Here's one that's absolutely killing it right now:
How to retrieve your money after a wrong transfer or money is taken out of your bank account by scammers/phone thieves and the receiving bank is not cooperating.
A thread🧵.
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Once upon a time, in a faraway kingdom lived Mr Sili who owned Silicon Valley Bank(SVB).
SVB is a big bank that keeps big money for big people and businesses, especially tech businesses. SVB was a regular bank until 2019 when the unexpected happened. . .
Once upon a time, in a faraway kingdom lived Mr Sili who owned Silicon Valley Bank(SVB).
SVB is a big bank that keeps big money for big people and businesses, especially tech businesses. SVB was a regular bank until 2019 when the unexpected happened. . . https://t.co/KA0qHW92CA
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