JSE Direct - Page 20 of 44

Podcast: Hard, but necessary

Simon Brown 26 March 2020JSE Direct, Latest

Upcoming events; 09 April ~ JSE Power Hour: Trader’s game plan New weekly podcast in the RSS feed every Monday late morning. BUT only in the RSS feed, not on the website. So subscribe to the feed, it is here. Download the audio file here Subscribe to our feed here Sign up for email alerts as a new ...

Podcast: Everything collapsing, even gold

Simon Brown 19 March 2020JSE Direct, Latest

Simon Shares Sasol (JSE code: SOL) is now talking a rights issue of some US$2billion, more than the current market cap. They hope to be able to avoid this by selling assets, finding a partner for Lake Charles and cutting costs. But the first two will be near impossible in the current climate, so expect ...

Podcast: Sasol crushed

Simon Brown 12 March 2020JSE Direct, Latest

Simon Shares The Sasol (JSE code: SOL) share price has collapsed this week for three key reasons. Saudi Arabia has declared oil price war on Russia and sent Brent down to the low $30's as they try and get Russia to agree to production cuts. Sasol has not hedge the oil price. They usually hedge ...

Podcast: Another recession

Simon Brown 5 March 2020JSE Direct, Latest

Simon Shares Recession, surely nobody surprised? Growth lower for longer. The budget is certainly designed to help, but the R160billion cut from pubic sector wage bill is not going to be easy. Likely we'll also now get at least 2 rate cuts this year, each 0.25% minimum. Last week of February was the worst week ...

Podcast: Budget 2020 review, a great surprise

Simon Brown 27 February 2020JSE Direct, Latest

I chaired a panel discussion on the 2020 budget by Minister Mboweni and have included the audio from that panel. One biggie, which is not mentioned by th panel, is that the annual tax-free allocation has been increased to R36k a year effective 2 March 2020. On the panel with me was; Elizabeth Fick ~ ...

Podcast: Does COVID-19 just delay spending?

Simon Brown 20 February 2020JSE Direct, Latest

Simon Shares I bought Sibanye Stillwater* (new JSE code: SSW) last week, average price 3950c. You want to own single commodity miners when price has already boomed and underlying commodities are flying. We have both here and if prices hold they'll print money for the rest of this financial year ending June. I'll add on ...

Podcast: Don’t shoot the messenger

Simon Brown 13 February 2020JSE Direct, Latest

Simon Shares Ecsponent (JSE code: ECS) have announced they will default on their March preference share dividends. This is a mess and preference shareholders are in a real bind. If you hold any, contact your lawyer. AngloGold Ashanti (JSE code: ANG) confirms the sale of their Mponeng to Harmony (JSE code: HAR) for US$300million meaning ...

Podcast: The law of large numbers

Simon Brown 6 February 2020JSE Direct, Latest

Simon Shares Tesla (Nasdaq code: TSLA), epic short squeeze. Steinhoff (JSE code: SNH), epic short squeeze. Coronavirus continues to spread, fast, with almost 25,000 confirmed cases. People are recovering and we now have two deaths outside China. Tongaat (JSE code: TON) results are out and the suspension has been lifted. The results were a horror ...

Podcast: Restructuring my portfolio

Simon Brown 30 January 2020JSE Direct, Latest

Simon Shares Correction, last week I said Naspers got some R100billion from selling Prosus shares. It was more like R22billion. Apple (NYSE code: AAPL) results knocked it out the park, again. Profits up 11% to US$22.2billion, EPS up 19% to US$4.99 and revenues up 9% to US$91.8billion (US$1billion revenue for each trading day in the ...

Podcast: Updates and discounts

Simon Brown 23 January 2020JSE Direct, Latest

Simon Shares Deutsche Bank has redeemed three of their ETNs. DBCHIN, DBEMER & DBAFRI. As ETNs they would have expired anyway, but that was due to happen next June. Holders of these ETNs last week will receive cash at net asset value (NAV) for the ETNs and it also means Deutsche Bank is no longer ...