Sell the dogs (sorry dogs)
Simon Shares
- Ellies (JSE code: ELI) results were as ugly as expected and the company is being kept alive by their bankers at Standard Bank. Megatron is worthless after buying it for R180million in 2008 and spending some half billion keeping it afloat. A few weeks ago in FinWeek I said sell ELI at around 60c and I would not be a buyer now.
- Kumba (JSE code: KIO) results were not bad. They have got their cost down to $34/tonne from closer to $55 previously. It does mean less production to get the lower costs and the market is still in massive over supply but they at least now positioned to (likely) survive.
- SABMiller (JSE code: SAB) got an extra pound with the offering being revised to GBP45 but some minority shareholders are still not happy as the pound has weakened. One can hardly blame SAB or AB Inbev for that but the minority shareholders need 25% to block the deal and that's very unlikely.
- Kristia looks at ETF costs in her blog this week.
- The Fat Wallet Show takes Magnus Heystek to task for suggesting all ETFs are evil and have been mis-sold over the years.
Anchoring - sell the dog
Simon talks about getting rid of those zombie stock in your portfolio; when, why and how. Most importantly they are causing pain and the price you paid for them does not matter.
We Get Mail
- Ryno
- Why hasn't anybody (in SA) tried to replicate the Berkshire model of buying insurance companies and using money of premiums to make investments in big companies ?
- Lindiwe
- What happens if Deutsche Bank goes under and I hold their ETFs?
- Anon
- Any hope for Taste (JSE code: TAS)?
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.
Private equity coming to the JSE
Simon Shares
- So Trump is real and is now officially the Republican nomination for the US presidency. The point is he can win it and then the question is what will markets do? Likely pretty much like what happened after Brexit, initial panic and then they will move on.
- The first IG Master Class kicked off on Tuesday with a complete CFD share trading system. Nice simple and practical with a follow up webcast on 2 August at 1pm.
- I have added a live link to prices I am prepared to pay for my 'till death do us part portfolio', the link is here.
- Thursday evening we're at the JSE for a Power Hour, Investors are normal, not rational.
- Kristia reviews another Top40 ETF, the Ashburton Top40 (JSE code: ASHT40).
Stuart MacKenzie (CEO Ethos Pvt Equity) and Peter Hayward-Butt (CEO Ethos Capital)
Ethos Capital (JSE code: EPE) will be listing on the JSE in August via a private placement. Ethos is a Private Equity investment vehicle that offers a different investment asset class for patient investors.
We Get Mail
- Michele
- When trading(lazy) indi, resi, etc, what charting do you use for your ema's and entries?
- Melissa
- Why is it that you can buy Satrix ETFs such as STX40, STXDIV & STXRAFI from your stock broker in their online trading platform... And from Satrix directly? What is the difference between where you buy into these? Are you getting less if you don't buy directly from Satrix?
- Thabang
- I have a million and need another million. How do I double it?
Simon Shares
- A lot of people worried abut DBXWD post Brexit, but the issue is it is global so the UK makes up only about 8% while EU is about 13%. I hold the ETF and continue to buy every month.
- The Just One La team has a monster busy week next week. Join us at;
- Kristia asks which ETF?
Drikus Combrink - Capicraft Investment Partners
Locally earnings season has come to an end and markets are at or near all time highs. Are these valuations justified by the earnings we've seen? Good, bad, ugly and any stand outs. Drikus touches on some concerns (SABMiller & Richemont) and suggests really focusing on the core numbers rather than top line numbers that could be skewed by currency moves, mergers or new stores. His major concern remains QE and how that unravels.
We Get Mail
- Ronnie
- What is the recommended amount to start with investing on any share?
- Pierre
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.
- Stock Broker vs. FSP
Stock Broker vs. FSP
Simon Shares
- So Brexit is now a thing, or is it? Mostly it is confusion.
- Money Expo this Friday and Saturday.
- My 'till death do us part' portfolio webcast in next week Thursday at 8pm.
- Satrix Indi has been a star ETF with the best returns over 10 years at over 400%.
- Lazy System is long Indi25 and MidCap.
Charles Savage, CEO Purple Capital / Easy Equities
What's the difference between a traditional stock broker and a Financial Services provider (FSP)? Is a FSP risky and do I really own the shares? These are popular concerns so we got Charles on the line to address the issues. We also briefly touched on their new baskets they launched last month.
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.