Jsedirect With Simon Brown

Simon Shares Nasdaq (650 points), S&P500 (80 points) & Euro Stoxx50 (22 points) trades all closed. FTSE100 still going currently +100 points. Old Mutual BEE deal, will go into details, but it only closes in late October so no rush. Spur (JSE code: SUR) looking very good. PE ±15x and DY ±5% From the Spur earnings call "And we know that only 18% of the South African adult population represents 80% of economically viable consumer segment." Revenue at record with space to get margins back to pre-pandemic levels. Net income margin was ±5%, historically over 20%. [caption id="attachment_36416" align="aligncenter" width="849"] Spur; revenue, net income, NI margin[/caption]Afrimat (JSE code: AFT) Gravenhage manganese mine deal failing due to the Water Use License being materially different. They raised ±R650million last month. Purple Group* (JSE code: PPE) does a deal in Asia. Kap Industrials (JSE code: KAP) good results and great insights into other industries. Citi now says UK inflation to hit 18%

Simon Shares BHP Group* (JSE code: BHG) results, have we peaked? Absa (JSE code: ABG) results, but maybe the ore important point of the results is their expectation that prime will hit 11% early in 2023. Chip shortage seems to be easing. Nasdaq is in a bull market, +20% off mid-June lows. Brent oil falling. Current petrol price reduction is 260c for September. UK inflation is 10.1% for July. Charles Savage tells us his fav ETFs Rochelle Writes, pay down debt or save more with high rates. Thungela resources (JSE code: TGA) still a buy? R60 dividend, 40% forward DY HEPS 6723c, forward PE 2.5x Mis-priced at listing, unbundling often cause this to happen. Ukraine's war gave it new legs. Risks Coal price Rand strength Ukraine war Transnet * I hold ungeared positions.  

Simon Shares Renergen* (JSE code: REN) the Central Energy Fund has successfully completed their due diligence on the R1billion, final approval is still required. Mpact (JSE code: MPT) results. US jobs data and unemployment continue to belie the recession talk. US inflation for July was 8.5%, a good number. A gallon of gas has fallen below $4 in the U.S. for the first time since March. Credit Suisse has lowered its 2023 UK GDP forecast to -0.6% from 0.5%; expects the UK to enter a recession from Q4 2022 until Q3 2023. Elon Musk sold $6.9-billion (R14.5-billion) of his shares in Tesla (Nasdaq code: TSLA) – his largest sale yet – saying he may need the cash if he has to buy Twitter (NYSE code: TWTR). Embrace the risk Investing is about risk Without risk, there is no reward Without risk, you are saving But the risk needs to be reasonable and the returns realistic * I hold ungeared positions.  

Simon Shares Massmart (JSE code: MSM) update, retail margins are being squeezed, the exception is clothing retail. Thungela Resources (JSE code: TGA) very strong trading update. JSE (JSE code: JSE) results, strong. Nancy Pelosi lands in Taiwan and markets don't really care and China will complain - but this is not leading to war. Uber (NYSE code: UBER) finally hits cash flow positive. OPEC+ 100,000 b/d output hike, expectations (hopes?) were for 4-5x that and the second smallest increase since 1986. Earn 11% with Retail Savings Bonds What's the only thing we control in markets The price we pay Everything else is beyond our control So use your one power carefully  

Simon Shares New energy rules for South Africa. Who wins? Silverleaf Investments on Easy Equities. Know what you're buying. Food retailer updates, Shoprite* (JSE code: SHP) winning. Pick n Pay (JSE code: PIK) bounding back and Woolies* (JSE code: WHL) struggling. Cashbuild (JSE code: CSB) and Mr Price (JSE code: MRP) updates show consumers under pressure IMF upgrades SA GDP growth for 2022 to 2.3% up from 1.9% they expected in April. Results from Kumba Iron Ore (JSE code: KIO) and Anglo Platinum (JSE code: AMS) US data Wednesday and Thursday. Omnia (JSE code: OMN) was ex-div 800c on Wednesday and is now back in the longer-term channel. If you've been waiting to buy, now's your chance. * I hold ungeared positions.  

Simon Shares Local June inflation, 7.4%, MPC tomorrow. BHP Group* (JSE code: BHG) update, they are worried. ArcelorMittal South Africa (JSE code: ACL) trading update says global growth and recessions fears "present challenges for the outlook of commodities and steel demand in the next 12 to 18 months.". China's holdings of U.S. debt fell below $1 trillion for the first time since 2010 Alviva (JSE code: AVV) delisting at 2500c. Brent oil trade keeps on trucking, buy below $100 exit $113. Brent oil Nasdaq, triggered a buy, waiting for confirmation which is a close above 12,250 while 7 EMA remains above 21 EMA. Building resilient portfolios for tough markets Lithium & Battery Tech ETF Stats and data on 95 years of bear markets. How much longer? How much lower? * I hold ungeared positions.  

Simon Shares US June inflation 9.1%, and core inflation was also up a 5.7%! Still stage 4. Rand continues to weaken. Back backs between 4 July 2022 & 8 July 2022 Naspers JSE code: NPN) bought 659,095 shares at an average price of R2 648.3315/share for R1.745 billion (US$104.73 million). Prosus (JSE code: PRX) bought 6,240,339 PRX shares at an average price of €67.1361/share for €418.95 million (US$428.59 million). SARB now considers cryptocurrencies as a financial asset and will create regulations around them. This means cryptocurrencies can be listed on SA exchange platforms but the process will take 12-18 months. Dividends, love them but be careful. But we also need to remember a few important things about dividends. They can disappear as we saw in 2020. Even the most stable dividend payer can stop paying. REITs which have to pay them by law being a REIT structure) stopped paying because payment would see them fail their solvency tests. They are backwards-looking. A high dividend yield is certainly at

Simon Shares Still stage 6. Rand continues to weaken. Naspers (JSE code: NPN) and Prosus (JSE code: PRX) both are holding well after the hard run the previous Monday on results and buy-back news. Resources under pressure, all of them. Supply chains adjusting Just in time is now just in case Higher inventories Higher costs More localisation Upcoming events; 13 July ~ To short or not to short with Markets.com 14 July ~ JSE Power Hour: Building a resilient portfolio for tough markets

Simon Shares Episode #500. Huge thanks to all, I go into some background about the show. Where and how it started, lessons learnt and more. Stage 6, the Rand lost 30c. Sun International* (JSE code: SUI) update for five months to 31 May 2022 shows they are nearly back at pre-pandemic revenue and this while we still had some restrictions and fewer international travellers. Naspers (JSE code: NPN) / Prosus (JSE code: PRX) results. Tencent (Hong Kong code: 700) is 125% of profits. The other businesses are all loss-making and in tough markets. They plan to sell down Tencent and buy back Prosus shares, but the discount to NAV remains around 50%, even after a massive move on the announcement. Grindrod (JSE code: GND) good update and share has been flying. This remains a very cyclical business and right now the cycle is paying off. Invicta (JSE code: IVT) saw strong results albeit some accounting points improved them a bunch. JSE (JSE code: JSE) trading update is surprisingly strong with HEPS expected +24%-32% for s

Simon Shares Thungela (JSE code: TGA). Coal prices doing great, production is good but rail is the problem but HEPS is expected at 5800c. If we double for the full year we can expect ±R116 and a dividend of ±R100? Stor-Age* (JSE code: SSS) results are not exciting but steady. Omnia (JSE code: OMN) results were really strong, another special dividend and good future prospects. Orion Minerals (JSE code: ORN) raises money to get their Prieska up and running. Expected to take some 19 months. Amazon prime coming to South Africa next year. It will seriously challenge Takealot, owned by Naspers (JSE code: NPN)). City Lodge* (JSE code: CLH) trading update show them cash flow positive with occupancies back in profit. * I hold ungeared positions. Crypto in trouble Not an inflation hedge nor a store of value. Just another risk asset. The problem is as QE ends and rates rise, will it still see a strong inflow of money? I think not. It's not the end crypto, but new highs could be some way off.  

Simon Shares US May inflation, 8.6%. Federal Reserve announced rates last night and surely it was 0.75% for the first time in 28 years? Either we have continued high inflation or a recession, maybe even both? Time for a Paul Volcker and do a 1% raise? It's ugly, Nasdaq and S&P500 both closed at lows for 2022 and are both are now in a bear market. S&P500 draw down at close 13Jun22 And failing a real test or liquidity and exchanges halt withdrawals.

Simon Shares Sygnia (JSE code: SYG) results and a forward dividend of maybe as high as 10%. Local GDP at 1.9% for Q1 2022. The economy has now recovered to its pre-pandemic levels. Consumer cracking? I interviewed Evan Walker 36One Asset Management. Inverse ETFs that go up as the market falls. * I hold ungeared positions. Upcoming events; [events_list limit="3"] ddd Are Robinhood's troubles Purple concerns? [caption id="attachment_34522" align="aligncenter" width="761"] Robinhood since listing vs. Purple Group[/caption] Robindhood Purple Group (Nasdaq code: HOOD) Purple Group* (JSE code: PPE); Listed July 2021 at $38, hit $85 and now under $10 (-75%) July 2021 145c, high since 350c and now 260c (+81%). Makes most of their revenue from selling the deal flow and Gold accounts. Revenue is from transactions. The majority of transactions are in options or crypto. The majority of transactions are in equity, but crypto, EC10, is growing. Needed a quick $billion to settle meme stock trades. The b

Simon Shares The good news is the US had a green week last week, for the first time in 8 weeks Goldfields (JSE code: GFI) is down on news it paying a chunky 33.8% premium to acquire Canadian Yamana Gold in an all-share deal We finally got the petrol price increase and the 150c fuel levy reduction remains in force, for now. German inflation hits 7.9% for May. Highest since the 1950s. EU inflation for May 8.1%, the highest ever. EU agrees on a partial ban on Russian oil imports Monthly dividends in a JSE equity portfolio Offshore ETFs paying monthly dividends   Demand destruction in commodities There comes a point at which a commodities price is simply too high and the price itself reduces demand. Depending on the commodity high prices often need to be high for protracted periods of time.

Simon Shares Results are pouring in, food producers are struggling. Coronation (JSE code: CML) results with DY of over 10% and PE ±9X. Snap Inc (NYSE code: SNAP) profit warning. It now trades at half its listing price. Current under recovery in petrol price is 236c, + the 150c fuel levy suspension means we could see a 386c increase in June to over R25 a litre! What’s your fav ETF? We ask our readers, Rochelle is first up and likes an offshore ETF with a monthly dividend payment of almost 1%. Hello Eskom, best budget power banks. Slightly better than average is enough Investors and traders love big winners. That 10 bagger that happens in a matter of months or maybe a few years. But by consistently hunting for those big winners we're taking larger risks. We're better off aiming for the modest winners. Beating your benchmark by 2% a year sees you with almost 50% more after twenty years. A recent Planet Money Podcast, Investing in mediocrity, talks about a fund manager who only ever aimed to be in the top th

Simon Shares 10X Investments buying CoreShares. MPC, 0.5% expected. Balwin (JSE code: BWN) results vs. Calgro M3 (JSE code: CGR). Pick n Pay (JSE code: PIK) results vs. Shoprite* (JSE code: SHP). * I hold ungeared positions.

Simon Shares US April CPI 8.3%; Core CPI 6.2% (month-on-month core was +0.6%) FOMC Sibanye-Stillwater* (JSE code: SSW) update the market hated. Kaap Agri (JSE code: KAL) results Wandile Sihlobo on agri in SA. New Satrix global healthcare ETF. Thungela Resources (JSE code: TGA) could pay an R100 dividend this year, putting them on a +40% DY. US Tech selloff continues 1-year FAANG returns ° Meta ° Apple ° Amazon ° Netflix ° Alphabet pic.twitter.com/VybsCoWDfh — Simon Brown (@SimonPB) May 9, 2022 * I hold ungeared positions.

Simon Shares Combined Motor Holdings* (JSE code: CMH) results, Best ever. Renergen* (JSE code: REN) cold commissioning of phase 1 going well. New global healthcare ETF coming from Satrix. Currently in IPO and listing 26 May. EU unveils a proposal to ban Russian oil imports within 6 months, all refined oil products by the end of the year. OPEC+ Sees Production From Non-Opec Participants in OPEC+ at 18.2 mln Bpd in May, 600,000 Bpd Lower Than Last Forecast Lyft (Nasdaq code: LYFT) shares fall 26% on disappointing forecast (earnings 75% below expectations) as they say they'll pay drivers more. Intel says chip storage till 2024 at least. Stagflation "Stagflation is most commonly referred to as the simultaneous experience of three separate negative economic phenomena: rising inflation, rising unemployment, and the declining demand for goods and services." The best defence is generally commodities. * I hold ungeared positions.  

The world's oldest exchanges starting in India all the way through to Amsterdam.

Staring in Kimberly in 1881 through to the present Simon details the history of stock exchanges in South Africa.

Simon Shares US inflation 8.5%, UK 7.0% Capitec* (JSE code: CPI) results and a special dividend. Dave Segall asking about "Looming food and fertiliser shortages" and impact on local agriculture stocks. Purple Group* (JSE code: PPE) trading update (here are my previous expectations). * I hold ungeared positions.