Simon Shares
Simon Shares- MPC Thursday (26 January) raised 0.25% and FOMC Wednesday (1 February) expected is 0.25%.
- Capco (JSE code: CCO) good trading update and dividend.
- Renergen* (JSE code: REN) proposing US ADRs with Nasdaq listing in time to raise last capital required for phase 2.
Stocks losing money from load shedding
All listed companies are mentioning load shedding in their updates.
Shoprite* (JSE code: SHP);
“The Group’s additional spend on diesel to operate generators across our Supermarkets RSA store base in order to trade uninterrupted during load shedding stages five and six amounted to R560 million for the period.”
For the six months ending 2 January 2022 operating profit was R5,113billion. So load shedding costing the group ±10% of operating profit?
Astral (JSE code: ARL) selling chicken R2/kg below cost of production.
“A large portion of the capital expenditure commitments amounting to R737 million, outlined during the F2022 results presentation, has been placed on hold given the current adverse market conditions. The Group has however committed funds towards backup electricity generation solutions to reduce the adverse impact of load shedding.”
- Subscribe to our feed here
- Sign up for email alerts as a new show goes live
- Subscribe or review us in iTunes
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 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