-
SARB inflation target ๐ฏ
Inflation remains well below target at 2.8%, raising expectations of a rate cut at Thursdayโs MPC meeting. New long-term target could shift to 3%.
โณ Rate cut coming? Marketโs betting on 25bps; Simon wants 50bps.
๐ก Lower target = anchored expectations = tamer wage negotiations. -
Peloton (PTON) ๐ดโโ๏ธ
The pandemic darling may be turning a corner with solid free cash flow returning.
๐ต Q3 FY25: $94.6m FCF (vs $10.7m in Q1)
๐ Stock at $7.50 (down from $170). Risky turnaround, but improving numbers.
๐ Subscriptions reviving; de-risked but needs deeper digging. -
Gold Power Hour coming 19 June ๐ช
Event: โKnow when to hold it, know when to fold it.โ
๐ 19 June with Standard Bank
๐ Gold had its highest ever weekly close โ bullish candles and all. -
Rand strength ๐ช๐ฟ๐ฆ
ZAR gaining momentum: from 19.90 to 17.88.
๐ Dollar index weakening, Trump tariff noise not shaking markets โ yet.
๐ฎ Simon sees 16.80 as possible ahead.
-
USDZAR 27 May 2025 | weekly chart
Trump tariffs whiplash ๐บ๐ธ๐
๐ Flip-flops on 50% EU tariffs: delay to June? Or back to July 9?
๐ญ Oval Office ambush with Ramaphosa. No real surprises.
๐ Market’s still waiting for an actual deal โ not just handshakes. -
Renegen* (REN) & ASP Isotopes (ASPI) ๐งช
๐จ Renegen deal: 1 share of ASPI gets ~0.09 of REN.
๐ Simon holding Renegen for Phase 2 helium โ not keen on ASPI.
๐ฐ Nasdaq listing delays = funding delays. -
Sasol (SOL) โ๏ธ
๐ธ Transnet drops appeal, SOL gets R4bn court award.
๐ Stock rally confirmed โ chart looking better, Brent still a drag.
๐ข Oil remains the key driver. -
Pick n Pay (PIK) ๐
๐ Still losing money, but less than before.
๐ท Sean Summersโ contract extended to 2028. Break-even delayed.
๐ฐ Boxer + R4bn cash > market cap = value if turnaround succeeds.
๐ง Market says: โWe don’t believe it. Yet.โ -
Nampak (NPK) ๐ฆ
โ Another slow but steady turnaround.
๐ Results not amazing but consumer headwinds easing. -
Altron (AEL) ๐๐ก
๐ Strong Netstar performance. Solid accounting tailwinds coming.
๐ฌ Simon: โOne of the few real turnaround wins.โ
๐ง Potential still there โ analyst upbeat. -
Harmony (HAR) + Copper ๐ฆ๐บ๐ง
๐ฐ Buying Aussie copper mine for $1bn โ diversifying away from gold.
โ๏ธ Adds immediate copper cash flow = de-risked future.
๐ Copper demand = chips, EVs, energy. Chart still flat for now. -
PGMs: Platinum & Palladium ๐ฟ
๐ Trading in long-term ranges ($830โ$1100).
๐ Not breaking out yet; charts uninspiring.
๐ฆ Stockpiles still working through post-Russia invasion.
๐ EV transition and reduced supply in focus.
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JSE โ 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.
