Pick n Pay (JSE code: PIK) horror update and CEO fired to be replaced with Sean Summers. It is cheap, but remember the changing numbers in the various ratios. PE ratio, that E (earnings) is falling into a loss on price-to-book the book is falling and dividends have disappeared so that becomes a 0% yield.

Koyfin 15% discount for first 2 years

Simon Shares

• Morgan Stanley downgrades Sibanye Stillwater* (JSE code: SSW) and stock gets hit. Concerns are a net debt situation in the next 2-3 years, pressure on dividends due to BEE requirements, they can’t cut back on capex and deals have saved them in the past, but will they again?
• Western Cape storms and short-term insurers.
• Twitter imposters. I currently have two I know of, X is more than slow to do anything. Here’s the thing, no legit person is ever sliding into your DMs offering to make you rich. Not now, not never. Yes there are professional money managers of all sorts, but they are not in your DMs.
• Checklist in preparation for death
• Gareth Stobie joins etfSA
• ETF winners and losers year-to-date

* I hold ungeared positions.

Simon Brown

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.

Contact Simon
More about Simon

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.