/Michael Mannington

About Michael Mannington

Michael Mannington MBusIT - Contact through this website - - AKA Probus website administrator. - Website administrator for numerous organisations in the Community and Not For Profit space.

New to 2020 Portfolio – Email updates

New for 2020 Using the new email feature, you can opt in receive a daily summary of the portfolio performance. The email is sent at the end of the day's trading and includes a summary of the entire portfolio. This where you enter /edit your subscription. You may trial the email before subscribing by entering your email address in cell C2 and clicking the box below. This will send a once only email to this address. To subscribe enter your name and email in columns 1 and 2 You may remove your name/email at anytime to unsubscribe. Frequency Please let me know if you prefer a different frequency.

By |2020-03-29T10:24:51+10:00March 29th, 2020|PIG, Portfolio|0 Comments

2020 Portfolio published

The PIG 2020 portfolio is now available. Our recent PIG meetings have highlighted the need to select our portfolio based on a wider range financial data. The 2020 spreadsheet has an increased capacity to show financial data to enable us to improve the performance of our current portfolio. There are a number of changes to the 2020 Portfolio spreadsheet to make it easier to read, especially on mobile devices but also on a desktop screen. Major changes are: Purchase columns Purchase columns ( cols D to G) are hidden by default allowing for a more compact display of the important items on the portfolio sheet. Go to menu item “Show/Hide Purchases to show buy columns. 2020 Portfolio - Supporting data dashboard Each stock has a “2020 Portfolio - Supporting data dashboard”. This provides the ability to store and display an extensive range of data for each stock. Click next to the ASX code (col A) to view this dashboard sheet. The dashboard has the ability to show HTML (web pages text) allowing for an unlimited amount of [...]

By |2020-03-29T09:31:29+10:00March 29th, 2020|PIG|0 Comments

Neo Banks

Extracts from various websites This post as an attached document What is a Neo Bank? A neobank is a type of direct bank that is 100% digital and reaches customers on mobile apps and personal computer platforms only. Neobanks do not operate traditional physical branch networks. Neobanks are technology-driven and may adopt machine learning and artificial intelligence technologies whilst not being constrained by legacy systems of traditional banking competitors. Neo Banks are starting to evolve in Australia, with not only the introduction of equity crowdfunding, but legislation being put forward that reduces restrictions on an organisation. How does a Neo Bank work? Apps that facilitate the administration of accounts and credit cards are typical Neo Banks. They rely on customers having an account with an underlying Bank and corresponding bank license, bu offer a user-friendly interface. The extent to which customers are aware of the underlying bank relationship day to day may vary. Put simply, a ‘Neo Bank’ is a bank sitting on a 100% digital and mobile platform (ie: no physical branches), but more than that, [...]

By |2020-02-14T22:33:53+10:00February 14th, 2020|PIG|0 Comments

The top 10 phrases you’ll need to understand the economy in 2020

It’s that time of year when those of us with a professional interest in grabbing headlines stare into our crystal balls and make bold predictions about what lies ahead in 2020. The trick for those of us seeking both fame and longevity is to keep things a bit vague. So, in that vein, here is my one big prediction for the economy in 2020: there is a higher than usual chance things are about to get very weird. Like, deeply weird.   If the economic concepts that arise this year don’t make much sense to you, congratulations: you’re within a hair's breadth of grasping the gravity of the situation. But to give you a fighting chance at keeping up, I’ve once again assembled my top 10 list of economic jargon words or phrases you’ll need to avoid looking silly at dinner parties this year. You’re quite welcome. Advertisement Unconventional measures: First, a quick update. Australia’s official cash rate is 0.75 per cent and economists are tipping it to fall again to 0.5 per cent when the Reserve Bank [...]

By |2020-01-26T07:35:08+10:00January 26th, 2020|PIG, Uncategorized|0 Comments

After highs, pot stocks have come back to earth – John Collett SMH 30/06/2019

Shareholders in many of the cannabis companies to have listed on the Australian sharemarket in recent years are licking their wounds after the initial euphoria surrounding medical cannabis gives way to disappointment. Cannabis has been one of the hottest sectors of the market, after rapid growth in consumption of medicinal cannabis and legalisation of its recreational use in some parts of the world. The local industry started to gather steam after the government legalised patient access to Australian-grown and manufactured medicinal cannabis in 2016. The sector last year received a further boost when Australia lifted legal restrictions on the export of medical cannabis. That sent share prices sky high as day traders and short-term investors looked to cash in on the action. Dozen of cannabis companies – from cultivators to those developing medical cannabis – raised capital by conducting initial public offerings on the Australian Securities Exchange. Their shares initially made stellar gains for those who invested in the companies. However, the share prices of most of the companies in the sector have since dived. Many do [...]

By |2019-06-30T10:10:59+10:00June 29th, 2019|PIG|0 Comments

The future of CHESS going blockchain

ASX has announced that CHESS will be replaced with distributed ledger technology (DLT) in early 2021. While CHESS’s average monthly service availability over the last five years has been 99.99%, ASX states that the new DLT system (commonly referred to as ‘blockchain’) will improve upon CHESS and “provide a broader range of benefits to a wider cross section of the market”. Some of the main guiding principles for the project include providing greater control to issuers and end investors, taking future needs into account, and ensuring the new system is accessible, available, and reliable. We’re excitedly following Australia’s Consumer Data Right bill on open banking, and we hope to be able to integrate with CHESS (or its replacement) in the near future. (source: Sharesight)

By |2019-05-31T04:08:53+10:00May 31st, 2019|PIG|0 Comments

NBN Status – An excellent summary of the mess we are in.

It's the vision, stupid! Why we need Better Broadband By Laurie Patton Monday, 13 May, 2019 While neither side of politics is saying much about our increasingly maligned National Broadband Network during the election period, the fact is Australia is falling behind in the race to leverage the benefits — economic and social — of an emerging digitally enabled future. “It’s the economy, stupid” is the slogan attributed to James Carville, who was Bill Clinton’s campaign strategist for his successful 1992 US presidential bid. It was about creating a clear campaign focus in the minds of potential voters. In 2015, newly appointed prime minister Malcolm Turnbull similarly coined the term “innovation nation” to describe what he saw as a pressing need to make Australia more innovative and agile — and an issue that would differentiate his approach to government. Turnbull’s problem was that two years earlier, under pressure from his predecessor Tony Abbott, he had laid down tracks leading in the opposite direction. Dumping a full-fibre, fixed-line nbn network in favour of the so-called multi-technology mix (MTM) model has seen us fall from around [...]

By |2019-05-13T05:23:39+10:00May 13th, 2019|PIG|0 Comments

Lithium is finite

Lithium is finite – but clean technology relies on such non-renewable resources Parakram Pyakurel, Southampton Solent University Until we cut consumption, we will only shift problems from one natural resource to another. Replacing conventional cars with electric cars A quick calculation shows that, if all conventional cars (those using petrol/gas or diesel) were replaced by electric cars, the world would run out of lithium in around five decades. I take the total amount of lithium from the US Geological Survey, which estimates there are currently 14m tonnes of proven reserves worldwide. I used industry figures for the total amount of passenger cars sold worldwide – about 69m in 2016. That same year, less than a million electric vehicles were sold, even including plug-in hybrids. Now, if we imagine a future where all passenger cars were electric and the number of cars sold per year remains constant at 2016 levels, almost 69m (technically: 69.46m minus 0.75m) electric cars will have to be produced each year even at a very cautious estimate. Our assumption here that the demand of cars will remain constant is [...]

By |2020-02-07T19:22:03+10:00January 14th, 2019|PIG|0 Comments

Hgh Frequency Trading

ABC Radio National – Background Briefing Attack of the algorithms Robot Traders – High-Frequency Trading There's mounting concern in the world's financial markets about the influence of High Frequency Trading. This so called 'robot trading' was responsible for the Flash Crash of 2010 and in August this year, the US company, Knight Capital, lost $440 million when a trading algorithm 'went rogue'. Robot traders are dominating stock markets using high speed computer algorithms. Human traders and government regulators can’t keep up, and markets could be one programming glitch away from the next big crash. Stan Correy investigates. Program Audio ______________________________________________________ ABC Background Briefing is daring narrative journalism: Australian investigations with impact. Our award-winning reporters forensically uncover the hidden stories at the heart of the country’s biggest issues. ______________________________________________________

By |2018-10-31T06:23:59+10:00October 30th, 2018|PIG|0 Comments