Breaking News: Canal+ Offer for MultiChoice:
- Canal+, French TV business, offers 105 rand per share for MultiChoice minorities.
- Synergies between the two businesses.
- Legal considerations regarding foreign media ownership.
- MultiChoice closed at 75 rand; market likely to respond positively.
Market Updates:
- Hyprop reports positive festive trading for its tenants.
- Transaction Capital plans to list WeBuyCars in March; potential value unlock.
- Evergrande declared bankrupt with over 300 billion dollars in debt.
- Hong Kong economy expanded 3.2% in 2023.
- China overtakes Japan as the world’s top car exporter.
Cristal Challenge Stock Picks:
Richemont*: Luxury brand with potential in a recovering economy.
Richemont weekly chart close 31Jan24
Calgro M3*: Debt under control, potential dividend, well-managed company.
Calgro M3 weekly chart close 31Jan24
AngloGold Ashanti*: Gold as insurance; geopolitical concerns.
Anglogold Ashanti weekly chart close 31Jan24
Zeda: New listing, unbundling, potential growth.
Zeda weekly chart close 31Jan24
Mr. Price*: Positioned well in the retail sector, positive trading update.
Mr Price weekly chart close 31Jan24
Closing Remarks:
Reminder to sign up for email alerts before live sessions.
Host: Simon Brown
* Simon holds ungeared positions.
Host: Simon Brown
Date: 1 February 2024
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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.
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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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.
