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$NCI at $0.035 on the TSX-Venture (Canada) news: NTG CLARITY NETWORKS ANNOUNCES YEAR-END 2022 FINANCIAL RESULTS WITH $788K PROFIT AND Q4 REVENUE OF $5.74M
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Currency and stock index are inversely correlated over the medium to long term. Good examples are Turkey index compared to Lira, Egypt index compared to EGP. Why is that the case? Typically because a currency depreciates in response to inflation, which nominally increases the value of everything in the economy. If you were an Egyptian with a lot of money invested in the EGX 30, the index has soared massively - yet you are still much poorer, because the EGP has fallen faster (due to inflation) than the index has risen.
# **TLDR** --- **Ticker:** GRRR **Direction:** Up (potentially volatile) **Prognosis:** Bullish, but high risk. Author holds 1200 shares and calls. Upcoming financials (March 31st & April 15th) are crucial. **Potential Catalysts:** $1.8B Thai electricity grid contract finalization; strong 2024 financials. **Risks:** MoUs might not convert to contracts; currency risk (EGP); high volatility; short interest (though Days to Cover is low). **Author's Position:** 1,200 shares + call options (bought at $15.60, currently ~$28). **Bonus:** Prominent short-seller Andrew Left is under indictment for market manipulation. (Doesn't invalidate the short thesis, but impacts credibility). **Extra Bonus:** Management seems surprisingly transparent and communicative with investors.
Still a thing if you're paying the money in EGP. But since I earn in USD, I keep my money in USD, so getting it abroad is no problem.
Geography risk. Concentration risk. They have a fixed contract with the government of Egypt, the contract is noted in the Egyptian pound (EGP). The EGP is losing its value, the contract is already 30% less worth.
Not sure i agree about it being worthless in a collapse. If you look at the recent Egyptian pound devaluations you can see how gold and Bitcoin performed here: [https://www.xe.com/currencyconverter/convert/?Amount=1&From=XAU&To=EGP](https://www.xe.com/currencyconverter/convert/?Amount=1&From=XAU&To=EGP) [https://www.xe.com/currencyconverter/convert/?Amount=1&From=BTC&To=EGP](https://www.xe.com/currencyconverter/convert/?Amount=1&From=BTC&To=EGP)
I got Saxenda from Egypt from an authorized pharmacy retailer for about 800EGP per pen, and from Istanbul also for a little cheaper but don’t remember how much. No prescription needed and they all had the stamps from Novo Nordisk.
I'am Searching where 💱 EGP/USD, Monday can i ask some brokers! The risks remain in a scam "exotic Brokerage Firms" for EGP/USD. Egypt Pound isn't attractive for Broker, imagine commision, spreads, margins, swaps or other things...
I’m not sure you can directly, but we’re doing it ourselves here, trying to spend every EGP we have to get USD/gold/property. Living is relatively cheap here
Don’t use PE for Reits, the reason is depreciation. Look at AFFO instead. Both AMT and EXR are solid. AMT is probably the better long term value at these prices. I recommend investigating: CCI, ARE, REXR, TRNO, EGP, ESS, AVB, MAA. Good luck.
Egyptian here. They are T-bills not bonds, so you cannot trade them. Also, the high yield ones are denominated in EGP not USD. You would have to convert your USDs into EGPs, and then use the EGPs to buy the T-bills. Inflation is quite high right now, Jan’s official number was around 31%, and we Egyptians have reason to believe this is an understatement. Whatever high interest you receive on EGP debt instruments is going to be offset and more by the inflation. USD denominated bills and bonds are comparable to the prevailing rates worldwide, not sure of the exact numbers, but it is nothing out of ordinary. Overall, I wouldn’t really recommend Egypt’s debt market right now.
I like this post: Hello. I love video games, or I used to to be more accurate and I want to return to playing them. I have two concerns, the first being that I worry that playing them is a waste of time, I like to play for 0.5-1hr/weekend day, so at most 2 hrs per week, is that actually a waste of time? The second concern is that I feel that paying for such thing (or for other entertainment forms) may be not halal, I am a dental student and when I make dentures, bridges, ... etc for patients, some of them can't pay their cost (500-600EGP), a game at discount may be around 150-200EGP, is it right to pay that some of money for a game when other people can't pay a little over that to be able to eat comfortably?
MAA and NXRT are my picks, EGP for industrial, NSA for storage, O because it’s O.
You know that’s the genral advice I get when asking about Egypt’s CDs giving “guaranteed” double digit returns when even the best performing USD stock funds hover around 10% annually (with certain years well into the negative!). It basically goes the inflation is higher than whatever the bank is giving. But consider this: In 2017 (within a year from the floating/devaluation of the EGP) the USD was worth 18.1 EGP There was a fixed 5-year CD yielding 15% annually So, say you have 100,000 EGP (~5500 USD). You put it in that CD. After the 5 year period, your money is 175,000 EGP At today’s exchange rate and even after the latest devaluation, the exchange rate is 18.5 (so it’s around 9500 USD) So even in USD terms, that’s a growth of 13-14% annually. Amazing return! If you actually got a 3 year CD instead at 13% or so, your 100,000 EGP will be 139,000 after 3 years. Which in USD terms (@15.5 EGP) actually is 9000 USD in 2020 since the EGP appreciated quite a bit in that 3-year period. That’s a gain of 20% annually in USD terms. Unheard of except among truly exceptional funds. I realise my example is extremely cherry-picked, and I have the benefit of hindsight, and I won’t lie I am actually deliberately choosing that period because it makes Egyptian CDs look amazing overall. I am not saying this will repeat itself if you choose to buy CDs now, EGP could tank further still to a point even the 18% CD cannot keep up with, but I would not completely rule out using CDs at a portion of your portfolio relative to how much you believe the Egyptian central bank can manage its inflation levels, since if it works out like the last 5 year period, it was not bad at all! The rest of your investment should get diversified into other instruments like world stocks, real estate, or even invested in a local business directly if you have that opportunity. I personally dislike gold, but if you’re a believer in gold, allocating some of your investment to it is also a possibility.
Np. Check out this chart https://www.xe.com/currencycharts/?from=XAU&to=EGP&view=10Y
If you invested 1,000 EGP into a 14% CD last May (at the time worth \~$64 USD) you would expect to receive 1140 EGP back at maturity which at the time would have been worth $72.96 USD. However, the EGP took a dive in March 2022 which means that 1140 EGP is now worth $61.67. Your dad lost money investing in the 14% CD. Not a Ponzi scheme sure, but still a negative ROI. The 18% CDs were issued in response to the dive in exchange rate but with Egypt's inflation rate that might not be the best investment either.
where do i start investing ? I'm 23 from Egypt and don't have an income but saved up 15k EGP which is about 1k USD, looking for something mid to long term with dividend. And which legit platform i should use which accepts egy banks or pay-pal.
• 22 , Egypt • employed, egp 6k/month around 380usd/month • Have enough money to live comfortably /pay back debts. • the coming six month • I need to know it's safe. • no holdings • 20k EGP debt to relatives. • I have 7k egp in savings now ≈ 445 USD I don't know what to do or where to start. Any advice would be great.
My bottom 5 SPY: 496 EGP 497 MARA 498 DKNG 499 MOV 500 RICK
Direct competitor in terms of services offered (Virtual Tours), but yes also oddly partners as one of their acquisitions (Immersolution) an authorized reseller of hardware including Matterport's. Actually the majority of UI's revenue comes from the US via TourBuzz acquired in 2018 I believe. They are increasing their footprint in Canada with their latest acquisitions, mainly EGP Techno. Could be a buyout, but I recall the CEO saying in an interview on Youtube 1-2 years ago that he wouldnt sell his company this cheap! (Trading at 0.05$ at that time). Source: https://www.urbanimmersive.com/investors/revenues
I made a halloween strategy spreadsheet a week or two ago https://docs.google.com/spreadsheets/d/1LgDe8Znoj9EGP8mMmuurD3DohEg1eGqH06D6raQbIaw/edit?usp=sharing It's probably not answering the exact question you're asking, but it'd be a good place to start.
Isn't that exactly what the Halloween strategy has done though, time the market fairly consistently? [Here's a simple google sheet with weekly S&P 500 returns going back to 1970, with the halloween strategy roughly applied.](https://docs.google.com/spreadsheets/d/1LgDe8Znoj9EGP8mMmuurD3DohEg1eGqH06D6raQbIaw/edit?usp=sharing) Looks like successfully timing the market to me...
sorry I meant reed...(or twig) [https://www.youtube.com/watch?v=SI9vgrc5yVo](https://www.youtube.com/watch?v=SI9vgrc5yVo) and I'm really sorry I can't find a clip of Chester (from "Dude, where's my Car?" ) watching the video...but did find a quick flashback take... [https://youtu.be/1UR\_a3EGP7o?t=136](https://youtu.be/1UR_a3EGP7o?t=136)
Puts on ZM & CVNA - overpriced  Calls on RICK, GIII, EGP, MOV - value stocks
[http://www.salaryexplorer.com/salary-survey.php?loc=64&loctype=1&job=5416&jobtype=3](http://www.salaryexplorer.com/salary-survey.php?loc=64&loctype=1&job=5416&jobtype=3) Try 2830 EGP per month. That's $180 USD. Per month.👩🎓👼