SA Inc. Shares
SA Inc watch list.
Building a list of stocks that are cheap, very cheap, and could give good return n the next year or three. Criteria;
- Must be profitable, so positive PE ratio
- Must be cheap, so PE below 8x
- Small as in market cap under R8billion
- No REITs
Using Koyfin I get 46 stocks including REITs and detail them in the podcast. I’ll create a watchlist on Google docs and share that link in time.
What about just the mid cap ETF from FNB? JSE code FNBMID.
Sixty stocks but problem is the top holdings are; Sibanye-Stillwater*, Discovery*, Nedbank, Bidvest and Remgro. That’s already ±25% of the ETF and none really for my requirements as above.
Simon Shares
- Local crypto exchange, Revix, suspends trade or withdrawals on 24% of client crypto assets as their South Korean partner has issues with a provider.
- Naspers (JSE code: NPN) & Prosus (JSE code: PRX) plan to remove the complex web of cross holdings to a simple structure whereby Naspers owns 47% of Prosus who owns the stake in Tencent (Hong Kong code: 700).
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Nasper, Prosus & Tencent since the listing of Prosus in 2019.
Good Invicta (JSE code: IVT) results.
- Rand all over the place.
- Brent weak, surely suggesting the global economy is weak. But so far the promised 2023 recession has not arrived, remember the hard vs. soft landing debate of late 2022?
Simon Brown
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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.