Simon Shares
- SEC sues Binance and CEO for U.S. securities violations.
- SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency.
- First quarter GDP was 0.4% and we avoid a technical recession, but still way behind and SARB says load shedding is costing us 2% GDP.
- Pepkor (JSE code: PPH) why the price slide? Investors hating on SA retail right now.
- Tigerbrands (JSE code: TBS) horror results.
- Oceana (JSE code: OCE) results knock it out the park.
Sun City visit. Excellent resort, but very quiet which many commentators suggest is because it’s a random weekend in June?
I sent this past weekend at Sun City, vacation club. Some thoughts.
The resort is world class, well maintained with a ton to do for kids and adults.
1/n pic.twitter.com/29yaV2GP8b
— Simon Brown (@SimonPB) June 5, 2023
Buying SA Inc. shares
Not yet but building a watch list with the plan being to buy 10-15 stocks over the months ahead.
Why?
- Inflation comes down
- Rates decrease
- Load shedding ends (Renewable Energy Grid Survey points to 66 GW development pipeline in South Africa).
- Government finds a way out of the ICC Putin arrest warrant mess.
- Rand improves (already 100c better than the R20/US$ of last week)
So yes, putting together a list and will buy a basket of SA Inc. shares.
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JSE – The JSE is a registered trademark of the JSE Limited.
JSE Direct 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.
Thursdays are all about hard-core investing and trading with Simon Brown’s famous JSE Direct podcast. JSE Direct started life on ClassicFM in July 2008 and became a podcast in 2011. Every week Simon shares his views on the state of global economies, individual shares and events moving markets.
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JSE – The JSE is a registered trademark of the JSE Limited.
JSE Direct 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.