Nikkei highs, Pick n Pay lows, Bitcoin +R1million

Simon BrownJSE Direct, Latest

Nikkei 225 reached a new all-time high after 35 years
  • Historical context: peaked in December 1989, 82% drawdown by March 2009.
  • Factors contributing to the 80s crash: Yen protection, low rates, speculative bubble.
  • Current challenges: aging population, economic complexities, recent inflation.
  • Investment options: Sygnia JP (SYGJP) – JSE-traded, and Investec’s structured product.

JSE listed REITs
Warren Buffett’s Annual Letter
City Lodge Results
  • City Lodge results: Revenue up 10%, dividend up 20%, HEPS up 10%.
  • Occupancy at 61%, pricing power at 65%.
  • Challenges in margins due to increased focus on food and beverage.
  • Comparison with other hospitality stocks: Sun International, Southern Sun.
MultiChoice Canal+ Offer
  • Canal+ acquires 35.01% of MultiChoice voting rights, triggering a mandatory offer.
  • Takeover Regulation Panel ruling.
  • Speculation on Canal+ offer price, potential sweetening of the deal.
Bitcoin and Bitcoin Halving
  • Bitcoin trading around $59,884, near all-time highs.
  • Upcoming Bitcoin halving in April and its potential impact.
  • Local perspective on Bitcoin and its role in the market.
  • Bitcoin in ZAR trading over a million, emphasising its volatility.
  • Discussion on Bitcoin’s market cap compared to traditional stocks.
Pick n Pay* Update
  • Pick n Pay’s disappointing update: debt doubled, sales going backward.
  • Market’s negative reaction reflected in the stock price.
  • Potential exit strategy if weekly close falls below 2022.

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* Simon holds ungeared positions.

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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.

JSE Direct Podcast

Simon Brown - Just One Lap founder

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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