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JSE Direct with Simon Brown

Weekly podcast hosted by Simon Brown covering the JSE and listed companies.
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Now displaying: October, 2016
Oct 26, 2016

A letter for when you're dead

Simon Shares

A letter for when you're dead

When we die hopefully we have a will that'll deal with our estate. But if we've been the one managing investments what happens to them? Sure they go to your heirs, but do they know what to do with them, the strategy and plans? We ned to write a letter to those surviving us explaining it all.

Does you partner / family have a full understanding of how you've put together your investments and finances?

  • What do you own and with who?
  • What's the strategy?
    • Keep each strategy in a separate account.
  • Who can manage your investment portfolio now that you're dead?
    • What to watch out for.
    • How to change / adapt the strategy. Who to appoint to manage this.
  • Where is the emergency fund and how is it accessed?
  • Your speculative / derivative positions need to be closed ASAP as your estate could take ages to finalise.
  • What policies do you have in your name and in other names?
  • Where did you hide the Kruger millions?
  • Not money related but; passwords, subscriptions, social media etc.?

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.

Oct 19, 2016

Simon Shares

  • Pick n Pay (JSE code: PIK) results. Everybody loves them but I am not wowed. Operating margin of 1.5% up from 1.3% is tiny. By comparison Shoprite (JSE code: SHP) is 5.6% and Spar (JSE code: SPP) is 2.8%. Like for like constant currency turnover grew 3.8% against selling price inflation of 5.5%, so still losing market share?
  • New offshore ETFs from CoreShares. A S&P500 tracker and a Global Property fund. I have applied for the later.
  • Up coming events;

Keith McLachlan fund manager at Alpha Wealth

Chatting Calgro M3 results, memorial parks, new CEO and their residential Reit. We also touch on the Dischem listing and Cell C results that we got a first look at due to the Blue Label 45% stake in the business.


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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.

Oct 12, 2016

Hello junk

Simon Shares

  • Fees feedback. Seems some active managers are getting serious about fees. But still not 100% in favour of client who pays the fees and some have done odd things. But nobody came back and said my ideas of last week were truly horrid, nor eve slightly horrid.
  • Just last week I was commenting that my odds of a downgrade to junk were retreating. Still above 50%, but only just. Then Gordhan arrest and odds increase again, I think chance of a downgrade to junk is now around 61%.
  • Important dates;
    • 26 October - Mid Term Budget Policy Statement (MTBPS)
    • 2 November - Gordhan to appear in court on fraud charges
    • 24 November MPC rate decision
    • 2 December - SP announce SA credit rating
    • 6 December - GDP for Q3 2016
  • Calgro M3 (JSE code: CGR) disappointed, I am not selling but waiting for results to see details.
  • Taste Holdings (JSE code: TAS) results have lots of moving parts, but they're burning cash at a rapid rate and need to get profitable otherwise they run out. Potentially a good business, but first we need to see the profits kicking I and food (even at core level) needs to start turning real profits wit the new brands.
  • Up coming events;
  • Trading Master Class, mastering binary options with a follow up webcast on Tuesday at 4pm.

Brexit

  • Time line, late 2018 / early 2019
  • Sterling? Weaker for longer?
  • Trade, surely they will get good tarde deals with major partners?
  • Movement of people, this is going to be a problem?
  • City of London, does it move elsewhere? But where? Europe has language barriers so New York?
  • Economy? Surely weak for a while? Longer term = probably do fine, no shooting the lights out.
  • Bottom line is that free movement of people and goods is good for capitalism. The UK is moving away from free movement, that's not good.

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.

 
Oct 5, 2016

Still hating active fees

Simon Shares

Still hating active fees

  • Is the benchmark being used a total return index (TRI) that includes dividends? If not the active manager wins because they get dividends that immediately put them ahead of the benchmark by a few percent.
  • Are performance fees paid back when the fund manager under performs? If not the manager and clients are not aligned as performance is paid when they do well but not returned when they do poorly.

We Get Mail

  • George
    • I have a CFD acc on the JSE, it has buy and sell options, but I want to short shares when they go down, must I buy it and then sell or do I sell something and later buy it back.
  • Myron
    • Difference between book and intrinsic value?

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.

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