Are we Brazilian?
Simon Shares
- Metrofile* (JSE code: MFL) 1million shares on offer at 500c. Subtle?
- Dis-Chem (JSE code: DCP), like everybody else I did not get in the private placement and I am not looking to buy in the open market.
- Santova* (JSE code: SNV) getting hit. I hold and continue to hold, not buying any more as I have plenty. Twelve month low is 320c on 25 November 2015, looks like we could get back to that level soon enough.
- Woolies* (JSE code: WHL) saw massive volume on Tuesday, R1.3billion which is 2x – 3x normal value traded.
- Tongaat* (JSE code: TON) up at R130, nice but I hadn’t finished buy below R120. Not buying up at R130 at the moment, albeit target is likely R150-R180 over next 6-12 months. Let’s see if we get some weakness.
- I been digging into Stor-Age Property (JSE code: SSS) as a possible investment. Thus far not excited by what I see.
- Up coming events;
- Trading Master Class: Tuesday 6th at 6.00pm – Lazy trading indices and FX.
- JSE Power Hour: Thursday 8th at 5.30pm – Position your portfolio for 2017
Are we the next Brazil?
Since their first junk downgrade in September 2015 the Brasil Sao Paulo Stock Exchange Index (IBOV) is up some 50% while the Brazilian Real has strengthened about 20% against the USD. Could we follow the same after a downgrade to junk?
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