Simon Shares
- Santova (JSE code: SNV) released results that had some dodge workings with the results. Last year they had some abnormal items in their HEPS that they were more than happy to accept. This year they’re saying, no take those out to compare against this year as we didn’t have the abnormal profits. Well hang on, you can’t have it both ways. Either you include and compare or you don’t. This is why I always only use diluted HEPS, none of this normalised HEPS nonsense. That all said I hold the stock and am happy.
- The indices will be adjusting on 21 December with AngloGold Ashanti (JSE code: ANG) exiting the Top40 and that means no gold stocks left in the index for the first time ever. The gold industry is dying locally and has been for a while and this really just confirms that slow death spiral.
- MTN (JSE code: MTN) has seen their fine reduced to USD3.4billion. A good reduction but still a massive number. The company also announced a series of “new operating structure and senior management changes” to prevent another fine happen. Frankly too late and also not as easy as just shifting some managers, this is about culture and that’s deep rooted. I remain a happy non shareholder having sold when the news first broke.
Year end portfolio review
- Do your trading systems need tweaking?
- What have your returns been?
- What stocks are you keeping or looking to add?
- Has your portfolio seen any style drift?
We Get Mail
- Derek
- Please could you let me know which two ETFs you chose for your initial investment and also which online investment platform you used?
- Eben
- Please explain how exchange rate fluctuations affect the DBX-Trackers ETFs that I buy/sell on the JSE.
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