Jsedirect With Simon Brown

Short zombie stocks Simon Shares Did you sell your dogs? Keith McLachlan commented on Conduit Capital and it's not all wannabe Berkshire Hathaway. Second session in the first Trading Master Class with IG was on Tuesday. We're looking at a CFD trading plan and this session went live on the IG platform looking for stocks and three buys popped up; Barclays Africa Group (JSE code: BGA), PSG & Woolies (JSE code: WHL). The Fat Wallet Show goes back to bonds because last time we started complicated which is not what Fat Wallets are about. Small is the new big says Trader Petri and we agree 100%. Short the zombie stocks We Get Mail Johan I would appreciate it very much if you could tell me where one would declare CFD trading outcomes on the SARS form. Have just spent 45 minutes on the phone to SARS help without making any progress. Sarah What about Bitcoin as an investment? Pipcoin is a scam. 123 Download the audio file here or subscriber to our feed here or sign up for email alerts as a new show goes

Sell the dogs (sorry dogs) Simon Shares Ellies (JSE code: ELI) results were as ugly as expected and the company is being kept alive by their bankers at Standard Bank. Megatron is worthless after buying it for R180million in 2008 and spending some half billion keeping it afloat. A few weeks ago in FinWeek I said sell ELI at around 60c and I would not be a buyer now. Kumba (JSE code: KIO) results were not bad. They have got their cost down to $34/tonne from closer to $55 previously. It does mean less production to get the lower costs and the market is still in massive over supply but they at least now positioned to (likely) survive. SABMiller (JSE code: SAB) got an extra pound with the offering being revised to GBP45 but some minority shareholders are still not happy as the pound has weakened. One can hardly blame SAB or AB Inbev for that but the minority shareholders need 25% to block the deal and that's very unlikely. Kristia looks at ETF costs in her blog this week. The Fat Wallet Show takes Magnus Heystek

Private equity coming to the JSE Simon Shares So Trump is real and is now officially the Republican nomination for the US presidency. The point is he can win it and then the question is what will markets do? Likely pretty much like what happened after Brexit, initial panic and then they will move on. The first IG Master Class kicked off on Tuesday with a complete CFD share trading system. Nice simple and practical with a follow up webcast on 2 August at 1pm. I have added a live link to prices I am prepared to pay for my 'till death do us part portfolio', the link is here. Thursday evening we're at the JSE for a Power Hour, Investors are normal, not rational. Kristia reviews another Top40 ETF, the Ashburton Top40 (JSE code: ASHT40). Stuart MacKenzie (CEO Ethos Pvt Equity) and Peter Hayward-Butt (CEO Ethos Capital) Ethos Capital (JSE code: EPE) will be listing on the JSE in August via a private placement. Ethos is a Private Equity investment vehicle that offers a different investment asset class for patient i

Simon Shares A lot of people worried abut DBXWD post Brexit, but the issue is it is global so the UK makes up only about 8% while EU is about 13%. I hold the ETF and continue to buy every month. The Just One La team has a monster busy week next week. Join us at; Trading Master Class: Designing a trading system from scratch (Tue 19th) Classic FM making wealth simple  (Wed 20th) JSE Power Hour: Investors are normal, not rational  (Thu 21st) Kristia asks which ETF? Drikus Combrink - Capicraft Investment Partners Locally earnings season has come to an end and markets are at or near all time highs. Are these valuations justified by the earnings we've seen? Good, bad, ugly and any stand outs. Drikus touches on some concerns (SABMiller & Richemont) and suggests really focusing on the core numbers rather than top line numbers that could be skewed by currency moves, mergers or new stores. His major concern remains QE and how that unravels. We Get Mail Ronnie What is the recommended amount to start with inv

Stock Broker vs. FSP Stock Broker vs. FSP Simon Shares So Brexit is now a thing, or is it? Mostly it is confusion. Money Expo this Friday and Saturday. My 'till death do us part' portfolio webcast in next week Thursday at 8pm. Satrix Indi has been a star ETF with the best returns over 10 years at over 400%. Lazy System is long Indi25 and MidCap. Charles Savage, CEO Purple Capital / Easy Equities What's the difference between a traditional stock broker and a Financial Services provider (FSP)? Is a FSP risky and do I really own the shares? These are popular concerns so we got Charles on the line to address the issues. We also briefly touched on their new baskets they launched last month.   JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views o

Simon's till death us part portfolio Simon Shares In last weeks show I covered Porter's Five Forces for selecting awesome shares worthy of investing in. This week I delve into my personal 'til death do us part' portfolio explaining why I hold each share. In two weeks (13 July, book here) we'll have a webcast where you can interrogate my selection and also propose shares of your own for inclusion into a 'til death do us part' portfolio. At the time of recording my portfolio is as below (Find my consistently updated portfolio here) BHPBilliton (JSE code: BIL) Capitec (JSE code: CPI) Citylodge (JSE code: CLH) Discovery (JSE code: DSY) Famous Brands (JSE code: FBR) Metrofile (JSE code: MFL) Richemont (JSE code: CFR) Sasol (JSE code: SOL) Shoprite (JSE code: SHP) Woolies (JSE code: WHL) === JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed i

Porter's Five Forces Finding awesome stocks to invest in Simon Shares I am traveling and then on leave, so this week I look at Porter's Five Forces and in next weeks podcast I follow this up by running my 'death do us part' portfolio of stocks through the process. Then two weeks after that (13 July 8pm) we'll do a live webcast whereby you can ask questions about my portfolio and any stocks you may consider worthy of a 'death do us part' portfolio (my portfolio is always published live here). Book for the webcast here. Porter's Five Forces Competitive rivalry within an industry Threat of substitute products Threat of new entrants Bargaining power of customers Bargaining power of suppliers I add; Buy winning stocks in winning sectors Legislative risk You'll find a review of Porter's Five Forces here and I also include it in the Boot Camp video on Fundamentals and Technicals in which I include examples from local stocks. JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an indep

Hedge funds for everybody Hedge funds for everybody Simon Shares MTN have concluded the Nigerian fine at around a third of the initially proposed fine. A good deal for the company but they should never have found themsleves in the position in the first place an I still do not like management and am not a buyer. Pick n Pay (JSE code: PIK) are finally getting rid of their 35-year pyramid structure that key control of the company in the Ackerman hands even though they only held c26% of the shares. But they are retaining control via special unlisted B shares, so nothing changes and the company remains under the control of a family who frankly have conceded the title of retail to Shoprite (JSE code: SHP). Brexit fears are running wild, ignore it. It's just short term noise. Big picture it matters not one way or the other, it just hysteria right now that will reach deafening levels by the time they vote next Thursday. Jean Pierre Verster portfolio manager Fairtree Capital The hedge fund industry in South Afr

Simon Shares New logo for JSE Direct to bring it inline with the new Just One Lap branding. S&P is negative but not junk, Fitch says we stable, GDP says we half way to a recession. GIVISA, the cheapest ETF on the JSE. But is it any good? Kristia goes on a nerdy bender digging into the details. Keith McLachlan on building a small cap portfolio. The Just One Lap team is starting to do more Periscope videos; follow us all at; DeeOnMoneyZA TraderPetri KristiaVH SimonPB Zack Bezuidenhout S&P Dow Jones Indices We chat indices, costs, new developments and smart beta. Zack also has a great analogy about the financial services fee structure and the medical industry that really highlights the wrongs in the financial services industry. We Get Mail Lauren What about the Swix index for investing? Rudolph A question, are you still happy with your decision to sell all your BATS shares, after a 40% return the past year? Philip Regarding the debate of investing in the US or worldwide, why not invest in th

Can DIY investing beat the market? Simon Shares PPC in real trouble. Management have let the company down by not spending up capex locally, not hedging their USD debt and now they need a massive rights issue. Will they survive? Are local markets pricing in a downgrade? Nobody knows either what Standard & Poors will say or what the market is or is not pricing in. We have a new podcast going live every week, The Fat Wallet Show. In it Just One Lap CEO Kristia van Heerden, picks a topic and asks questions until she gets an answer. She kicked off with structured products. Momentum portfolio update for the quarter ending May 2016 is here, life time returns below. Momentum portfolio life time returns We Get Mail Daniel Now if research shows that the percentage of fund managers that outperform the index over a 1, 3, 5+ year period get smaller and smaller then, what chance do we as retail investors have of: A) outperforming a fund manager (with CFA's, CA's, research teams) when stock picking; and B) out

A simple diverse ETF portfolio Simon Shares Balwin (JSE code: BWN) knocked their results out of the park, but my bigger picture concerns remain. Standard & Poors down grade or not is next Friday. I did a Twitter poll that came in split by 1 vote. So nobody knows. Twitter poll on SP downgrade Complexity of costs. Come industry make it simple. Mining: Returning to the mean? Peter Major did an excellent JSE Power Hour for us, the video is here. On the ETF blog this week we look at the Pref shares ETF (JSE code: PREFTX). 2 June at 5.30pm,Keith McLachlan on building a small and mid cap portfolio the right way. Book here. Nerina Visser, director at ETFsa.co.za Which ETF if you buying for; R300 / month (CTOP50) R1000 / month (CTOP50, DBXWD & ASHINF) Large lump sum into a TFSA (CTOP50, DBXWD, ASHINF & PTXTEN) We also chatted about costs, are we missing any ETFs as an industry and how to respond to the potential downgrade from Standard and Poors.  JSE – The JSE is a registered trademark of the

Doing risk right A very long show this week (over an hour), but totally worth every second of listening. Last week I reflected on the Sanlam i3 Summit I attend and his week I speak with Roland Rousseau (Head of Barclays Risk Strategy Group) on his presentation at the conference. Roland is looking at this whole idea of asset or fund manager being outdated and suggesting we rather need risk managers. He has great insights and ideas and this wide ranging conversation on risk has got me thinking a lot more about a lot of things. Real learning, I love it. Simon JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

How do we get smarter? Simon Shares Calgro M3 (JSE code: CGR) results were great. We're seeing operational leverage coming through and a lot of projects seem to have only added a modest amount in this year with more coming in the new financial year and the memorial parks look interesting. They did have some issues with Namibia, having to relaunch the retirement development and others. Back in December / January I exited some of my position but am happy to hold the balance. Pipcoin = pyramid scam What's happened to the PIIGS? So Moody's was all nice to us, sure but are we really avoiding the ultimate downgrade to junk? Standard & Poors still the one to watch with June their next update and likely the first to make us junk. On the ETF blog this week we look at the Momentum ETF (JSE code: NFEMOM) as well as find out about total return which involves dividends being automatically reinvested into the ETF. We're doing a webcast of the lazy trading system on the 12th at 8pm and an IG Boot Camp on Tuesday at 6p

Master class in investing Simon Shares This week we look at a bond ETF, ASHINF. We're doing a webcast of the lazy trading system on the 12th at 8pm. Hlelo Giyose – First Avenue Investment Management Hlelo talks stocks but the conversation goes into much more than just some of his current preferred stocks. He delves into what makes great companies, how to spot them and when to buy them. A master class in investing. JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

Where to invest offshore? Simon Shares Pick n Pay (JSE code: PIK) results show the turn around is very much working albeit the stock remains very expensive. But the margins are still way to slim at 2% and less than half that of Shoprite (JSE code: SHP). This has to be the focus going forward if they have any hope of justifying the stretched valuation. MTN is getting money out of Iran, reportedly USD1billion and this certainly helps with the Nigerian fine, but once again this comes from third party sources not from the company via SENS. Steinhoff (JSE code: SNH) said it won’t raise its offer for French retailer Darty and this is a good thing because in a bidding war the only winner is the seller. Berkshire Hathaway is webcasting their AGM this weekend, this Saturday 30th April 2016 at 4pm. you can view it here. Kristia van Heerden looks back at a year of erratic ETF buying in our weekly ETF blog. We're doing a webcast of the lazy trading system on the 12th at 8pm. Wehmeyer Ferreira from DB X-Trackers Where t

An investment check list Simon Shares Everybody is freaking out on the Capital&Counties (JSE code: CCO) sell off, some 50% off the highs of January. Really driven by three things; it had been flying, stronger ZAR against Sterling and concerns about Brexit. Long term not an issue, so if you love the stock nows your chance to get more cheaper. Kristia van Heerden (Just One Lap CEO) tweeted some thoughts from last weeks podcast where I spoke about expectations. Her comment was that managing expectations doesn't start with investing. It's also about debt, hating on your job. These need fixing long before investing and certainly no investment will make your job better or the debt suddenly disappear. If you expect your investments to save you from your shitty job or debt or pay for things you can't afford, you're in for disappointment. — Kristia van Heerden (@kristiavh) April 18, 2016   Our ETF this week is DBXUS and it has staggering returns of 223% over five years. New videos galore; Managing volatility

Realistic expectations and success Simon Shares The rand is back where it was when then Finance Minster Nene was fired. So everybody who was lamenting that they missed their chance to get money offshore into USD, here's your second chance. The NewFunds ILBI (JSE code: NFILBI) is our focus ETF this week. Tracking inflation linked bonds it sounds perfectly boring but actually looks really interesting for a broad ETF portfolio. Expectations. What are your expectations from your trading and/or investing? Are they reasonable? Are they hurting your ability to create wealth? We Get Mail Terrance I also hold Astoria (JSE code: ARA), I bought @ R15.14- 10% of portfolio already down 6.8% but so also is the rand/dollar, I was wondering on your thoughts regarding its value and comments by Keith Mclachlan as there seems quite a bit of negativity surrounding its value and costs. I bought it for the long term 5-10 years and the purpose 2 fold to invest in other markets and rand hedge. Is this all just hear say and noise

Hating on unit trusts Simon Shares SPIVA results for South Africa are out and they track how many active managers fail to beat the index. Truth is that even over 1 year most do NOT beat the index. In short, buy passive or lose money? The PDF of the report is here. Standard & Poors has downgraded SA's expected GDP for 2016 from 1.6% to 0.8% further cementing the likelihood of a downgrade to junk from the rating agency. African Bank has relaunched, but this is not the one you have shares in. The suspended ABIL sold off good assets and is left with a giant pile of debt and those left holding ABIL when it was suspended in August 2014 hold worthless shares. The Satrix Resi (JSE code: STXRES) is our focus ETF this week. We published our bubble graphic of Top40 individual stock returns for Q1 2016. Helena Conradie CEO Satrix Satrix is best known for their Exchange Traded Funds (ETFs) but have in recent years also moved into index tracking unit trusts. The question is why and if unit trusts are still the evil r

Simon Shares Capitec (JSE code; CPI) results were solid but bad debts are rising. So is their profits but the bad debts are what we're watching at this point in the process. Momentum portfolio doing as it says on the sticker. Good out performance on down days, modest or under performance on up days. But the gold volatility remains wild. ZAR X, the first new stock exchange in South Africa in over a century arrives in September. We review the Swix40 ETF for those wanting an alternative Top40. Jean Pierre Verster 36One Asset Management We last spoke to Jean Pierre in January when all was looking ugly, now everything looks all lovely, but is it? And if this is the year that shorting is as important as going long, is this the testing year for DIY investors? We also touch on inflation, commodities and the US economy. We Get Mail Ryno I was reading about hedge funds and came across Ray Dalio. He adheres to the all weather portfolio. Basically he says that its all in asset allocation. -55% bonds -30% shares -7.5%

When to sell? Simon Shares Yesterday, 23rd March, Just One lap turned five. It's been an awesome ride which we couldn't have down without the support of our users. So you everybody, thanks. A huge thank you. When to sell? Different answer depending if you are trading or investing. Great video from Anthony Clark on his top 5 small cap stocks for 2016. Divtrx ETF for those wanting dividends. We Get Mail Tebogo I was wondering if it would be advisable to liquidate part of my portfolio held in ETF and use funds to buy ETFs in my TFSA and moving forward fill up my R30k allowance before buying equities in my investment portfolio. Patrick How often should I rebalance my portfolio?   JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Lim