Simon Shares
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
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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.
Reach Simon by email at simon@justonelap.com,
or Twitter @SimonPB