Podcast: PGMs flying, but not the miners?

In JSE Direct, Latest by Simon Brown

Simon Shares

  • Purple Group* (JSE code: PPE) now has 1million clients across all platform. A wowzer number.

  • Combined Motor Holdings (JSE code: CMH) full year results. Second half saw decent cash flow, back to profit and dividends.
  • Metrofile* (JSE code: MFL) are cancelling 4.18628% of their treasury shares.
  • MTN (JSE code: MTN) first-quarter update, good numbers with group EBITDA +21.3%. Forward PE of around 11x is decent as it’s being priced as a utility, albeit was even better back at 6000c when forward PE was c8x.
  • Revego (JSE code: RVG) cancelled the listing.
  • Tax Tuesday: Tax obligations for global citizens

* I hold ungeared positions.

Upcoming events;

PGMs Flying, miners not so much

Palladium above US$3,000 (all-time high)

Palladium weekly chart

Palladium weekly chart

Platinum above US$1,200 (six-year high)

Platinum weekly chart

Platinum weekly chart

Rhodium above US$29,000 (all-time high)

PGMs are considered a ‘green’ metal in that they help reduce CO2 emissions.

Demand remains above supply.

  • But production will increase.
  • Scrap is increasing (especially with iron ore at records)
  • Rand is strengthening and will likely continue to do so

But the listed miners are languishing nowhere, why?

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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.

Simon Brown - Just One Lap founderThursdays are all about hard-core investing with Simon Brown’s famous JSEDirect podcast. JSEDirect 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

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