Simon Shares

• Capitec (JSE code; CPI) results were solid but bad debts are rising. So is their profits but the bad debts are what we're watching at this point in the process.
• Momentum portfolio doing as it says on the sticker. Good out performance on down days, modest or under performance on up days. But the gold volatility remains wild.
• ZAR X, the first new stock exchange in South Africa in over a century arrives in September.
• We review the Swix40 ETF for those wanting an alternative Top40.

Jean Pierre Verster 36One Asset Management

We last spoke to Jean Pierre in January when all was looking ugly, now everything looks all lovely, but is it? And if this is the year that shorting is as important as going long, is this the testing year for DIY investors? We also touch on inflation, commodities and the US economy.

We Get Mail

• Ryno
  • I was reading about hedge funds and came across Ray Dalio. He adheres to the all weather portfolio. Basically he says that its all in asset allocation. -55% bonds -30% shares -7.5% gold -7.5% commodities.
• Marion
  • I understand the idea behind an emergency cash fund. But where do I park it?
• Pieter
  • I have been contemplating opening an offshore account, but have refrained because of our weak currency and my lack of knowledge about international trading. My question is if it is the right time to take money off shore/open an account? Also which ETF's should one be looking at?

JSE – The JSE is a registered trademark of the JSE Limited.

JSEDirect 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.

When to sell?

Simon Shares

• Yesterday, 23rd March, Just One lap turned five. It's been an awesome ride which we couldn't have down without the support of our users. So you everybody, thanks. A huge thank you.
• When to sell? Different answer depending if you are trading or investing.
• Great video from Anthony Clark on his top 5 small cap stocks for 2016.
• Divtrx ETF for those wanting dividends.

We Get Mail

• Tebogo
  • I was wondering if it would be advisable to liquidate part of my portfolio held in ETF and use funds to buy ETFs in my TFSA and moving forward fill up my R30k allowance before buying equities in my investment portfolio.
• Patrick
  • How often should I rebalance my portfolio?

JSE – The JSE is a registered trademark of the JSE Limited.

JSEDirect 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 Shares

• Trading in your personal capacity or using a PTY or Trust? Which is better?
• ETF changes. The MidCap ETF is now ASHMID and BBET40 is transferring to Core Shares from Nedbank.
• Seriously good interview with Jack Bogle, founder of Vanguard, the issuer of the worlds first indexing mutual fund. 

Keith McLachlan Alpha Wealth small/mid cap fund manager

AdvTech (JSE code: ADH) results were really good after years of frankly uninspiring results (Revenue +40%, operating profit+75% & HEPS +27%). Tertiary was especially strong, acquisitions doing very well they finally seem to have found their mojo.

JSE – The JSE is a registered trademark of the JSE Limited.

JSEDirect 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 Shares

• Moody's did not downgrade us, but they did put us on review for a downgrade that will put us one notch above junk status. Then we'll have all three rating agencies on the same level with Standard & Poor heading the pack as we're on a negative outlook with them.
• Local bank results looking good with impairments improving (expect for Barclays Africa). On the surface they look cheap, but not if earnings weaken going forward, and earnings will weaken.
• Now Old Mutual (JSE code: OML) may split itself up and return back to South Africa. But will (can) it sell Nedbank (JSE code: NED)?

We Get Mail

• AntonK (via Twitter)
  • Simon, why would you call it (AB Inbev, JSE code ANB) ex growth as the two brewers together have roughly 30% global market share?.
• CraigNotAlan (via Twitter)
  • Investing lump sum in ETFs in these markets, local & int - immediate or phased over time (& period)?
• Arin
  • The issue I have is that I don't have any pure property ETFs or unit trusts (except for the odd property companies within my ETFs/unit trusts). I am aware that the ProptraxTen is more of a income yielding portfolio which may be good for the TFSA, where as BBET40 may be more of a growth portfolio if I'm not mistaken.

JSE – The JSE is a registered trademark of the JSE Limited.

JSEDirect 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 Shares

• Clover (JSE code: CLR) has "decided to withdraw from future investments in Nigeria", seems hasty?
• Barclays exiting Africa selling off their ABSA (JSE code: BGA) stake, more hasty decisions?
• Nice boring results from Metrofile (JSE code: MFL), exactly as wanted. Big seller seems to now be gone after large transactions on Monday and stock has run hard since.
• New tax year, you can add another R30k into your TFSA.
• The Momentum portfolio update, new stocks and methodology is online here.

Janine Weilbach Senior Research Analyst Thebe Stock Broking

Construction stocks have had a very hard time since the 2010 World Cup in South Africa. With this in mind, how does one look at a construction company in order to make investment decisions? order books seem to be popular but often misleading, large piles of cash seem great but suddenly disappear. We speak to an expert to better understand investing in local construction.

We Get Mail

• Matt C (via twitter)
  • Can you, or someone in the know, please explain Dow Theory to us?
• Cardiprox (via Twitter)
  • How about the opposite momentum. Taking the bottom 15 top 100 shares and shorting them for the same period?
• Johan
  • I've started looking at the costs involved in opening an US trading account through my broker, and to a relatively new investor like me, all the costs involved in opening an account is quite difficult to understand. Would you mind maybe giving an overview of the costs involved please?

JSE – The JSE is a registered trademark of the JSE Limited.

JSEDirect 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.