Podcast: Don't short the break

Simon Shares

Iron ore below US$100. Kumba (JSE code: KIO) halved since July highs.
- And still falling.
- But Q3 sales were at US$180 / tonne and even at current lows likely they get US$150 / tonne for the second half. Mid-year cost per tonne was US$26 and sale price US$165 / tonne. So the share is pricing in horror stories which likely aren’t true fr the full year ending December. BUT next year will be different and you don’t try to catch falling knives, wait for a confirmed reversal.
Woolies* (JSE code: WHL) trading update, really weak.
Shoprite* (JSE code: SHP) trading update, really strong.
Strong PPC (JSE code: PPC) update.
Local inflation came in at 5%, the fourth month we’re below US inflation and likely we’ll see no change at MPC on Thursday.

* I hold ungeared positions.

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Upcoming events;

18 November ~ JSE Power Hour: Opportunities in local and global property
25 November ~ The inflation threat, is it becoming structural?
02 December ~ JSE Power Hour: Position your portfolio for 2022
09 December ~ Portfolio construction with Keith McLachlan

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JSE Direct Podcast

Thursdays are all about hard-core investing 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 chats to industry experts, answers listener question (contact him here to send your Q’s) and gives his views on the state of markets and individual shares.