- Simon Shares
- Finally moving so at the pointy end of going small. Move date is next Wednesday which is also my recording day, so frankly not sure what the plan is re JSE Direct for next week. Will try make a plan, maybe a rebroadcast.
- PPC (JSE code: PPC), HEPS down 93% at 7c but this is all about the rest of Africa and a possible merger with AfriSam.
- Steinhoff (JSE code: SNH) results not bad, but so many moving parts it's hard to keep up.
- Bond and pref share ETFs for income.
- Upcoming events;
Now for the recession
It was a surprise to most economists but thats moot as the economy and consumer is under severe pressure recession or not. Importantly this was for Q1 2017, so before the shuffle and downgrade. I think this is not going to be short and sharp, it's going to hurt as we have little to counter it.
- Government; cut interest rates, cut tax and increase spending.
- Personal; cut debt and spending.
- Investing; quality offshore bias, be careful of mid & small caps.
- We now really are Brazil.
We Get Mail
- Ryno
- I think Buffett is actually a income investor.
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
- Famous Brands* (JSE code: FBR) results were decent enough with the UK acquisition only adding a small bit to the bottom line. I have been buying in the low R130's.
- An article on Moneyweb that strips out the top five expensive and heavy weighted stocks in the Top40 shows a historic PE of around 12.5x. In other words offering value and adding to my bullish thesis.
- Spar (JSE code: SPP) results show an operating margin squeeze down from 3% a year ago to 2.5% in these results. In part the offshore acquisitions but not a great sign.
- Sygnia (JSE code: SYG) results were flat. I expected at least some growth in HEPS but it was spent on new staff (via an acquisition) and marketing. We are still waiting for the details of the rights issue to fund the DB x-trackers purchase. For now I like the company but still think it is expensive.
- Property ETFs for dividends and the tax on the dividends explained.
- The JSE Power Hour video on investing while junk.
- Upcoming events;
When the best time to go offshore?
All the time. We can worry about the Rand and we can worry about valuations, but we'll never get it right. I buy locally listed offshore ETFs every month (buying DBXWD) and move money into USD every six months on schedule.
We Get Mail
- Everybody
- Suddenly Bitcoin ramps higher and everybody wants to know if they should buy it? Or maybe Ethereum or heck why not Dogecoin. I covered Bitcoin in a recent episode, more importantly is we only get excited when the price runs?
- John
- Please can you explain some of the JSE specific rules on market cap indexing - i.e. how/why does AB Inbev get removed from the Top 40, will/how can it ever be included?
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.
Unconscious Competence
Maslow's theory of how we progress and ultimately become Unconscious Competent traders.
- Unconscious Incompetence
- Conscious Incompetence
- Conscious Competence
- Unconscious Competence
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
- Blitz round of result comments;
- Richemont* (JSE code: CFR)
- Calgro M3* (JSE code: CGR)
- Lonmin (JSE code: LON)
- Astral (JSE code: ARL)
- Vodacom (JSE code: VOD)
- Balwin (JSE code: BWN)
Upcoming events;
- CoreShares investment disciplines & transactional website
- JSE Power Hour: Investing while junk
- JSE Power Hour: Ways that management can mislead investors
CoreShares transactional website and some investing core principles
We're running a promo with CoreShares this month including an event in Durban next Wednesday 24 May at the Riverside hotel (email info@coreshares.co.za for info or to book).
This week Simon chats to Gareth Stobie about their new website that enables transacting in their ETFs and their three investment disciplines when saving for or already in retirement.
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
- Shoprite* (JSE code: SHP) announced that former CEO Basson would be exercising a put option to company forcing it to buy back some R1.8billion of Shoprite shares. No problem, except did we know about this put structure? They say it was part of his December 2003 employment contract, but the annual reports of 2003/4/5 make no mention of it?
- Adcorp (JSE code: ADR), horror update. They are really struggling.
- Metrofile* (JSE code: MFL). Everybody wants to know if I am selling, why would I be selling? Just because the price is down?
- Rational Intuitive, what type of investor are you?
Upcoming events;
How to trust your trading system
Time and discipline is the best way to trust. My lazy system is now some 12 years old, so I know to trust it. But how do you get to trust a new system?
I like the approach suggested by Mark Douglas in his book, Trading in the Zone.
- Back test (eye ball) at least twenty past trades.
- Paper trade twenty at least trades.
- Do twenty live trades with small capital amount.
Now you have a system with sixty 'trades' and you know if it works and can trust it.
We Get Mail
Andy
- NFEMOM*, I know you hold it, was just interested in your thoughts on the costs. Expensive, no? Annualised TER 0.37% Transaction Cost 1.20% Effective Annual Cost (EAC) 1.57%.
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
- You know Apple results were truly average when even the fan boys say it was just okay. But that pile of cash, over a quarter trillion US$!
- MTN update looks decent for South Africa and Nigeria. Still tough in both but at least revenue is improving.
- Locally April vehicle sales and PMI data both fell off a cliff. But with Easter in March last year we're not comparing apples with apples, so May will give us a clearer picture.
- Upcoming events;
How much cash do we need to start?
Trading or investing requires capital. As an investor one can start very small with just a couple hundred rand, but a trader requires a lot more in order to properly manage risk. So we look at the different options (CFDs, FX, ALSI and ALMI) and how much is required to start.
We Get Mail
- Jing-Woei
- In a recent Finweek (30th March) magazine issue, I read about your view on the NFEMOM fund. I was wondering if you have also had a look at the SATRIX Momentum Index Fund?
- Terence
- 2% difference between ASHT40 and SATRIX40 closing prices, how come?
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
- Purple (JSE code: PPE) who own Easy Equities had a very rough set results and as they comment in the commentary they need a capital injection. What does tihs mean for the business and clients?
@csavagegt247 @Richards_Karin @Caro1Graham @gary_dyk @EasyEquities Some more comforting news regarding EE's nominee First World Trader Nominees (FTW). Taken from their T&C's. pic.twitter.com/oXSELq2QDZ
— Johann Biermann (@JohannBiermann1) April 25, 2017
- Listed property or buy-to-let Power Hour was great, packed wth tons of details and the spreadsheet so you can crunch your own numbers.
- Kering results showed very strong growth for their luxury brands in Asia Pacific and this has spurred Richemont* (JSE code: CFR) higher. Details; Gucci +48% vs consensus +21%, Bottega Veneta +2% vs consensus -4%, Saint Laurent +33% vs consensus +19%.
- Steinhoff (JSE code: SNH) is loving the French election first round results.
- Upcoming events
Trading multiple systems
How to manage trading different systems? I trade three system with ALSI futures and I manage it by having a primary system that takes precedence over the other two, otherwise I could end up short and long at the same time. Alternatively trade different products (add FX to the mix and trade different crosses). Another option is one trading system but different products or markets.
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
- UK snap election for 8 June and French first round presidential elections this Sunday.
- Pick n Pay (JSE code: PIK) results looking decent but stock remains expensive.
- Combined Motor Holdings (JSE code: CMH), amazing results in a tough space. Top management and solid balance sheet.
- World Bank cuts our 2017 growth target from their original 1.1% to 0.6%, after cabinet reshuffle and subsequent downgrades.
How we hurt our trading
Message from a trading friend;
"I think the true art of trading is learning to be completely satisfied with your own objectives. Rather than constantly worrying about what could have been if ..."
Trading is simple. Buy when the chart says buy, sell when it says sell and sit on your hands in-between. But we over think it, we believe in complexity and this hurts us.
I did not go short over the long weekend because, well politicians. I decide that I needed a new rule about 4 day weekends, do not hold over them? In truth I have been trading my ALSI systems all through recent recalls and shuffles and it had one of it's best runs on recent years for March with a very good April thus far. So why the sudden decision to change rules re long weekends? And what about three day weekends, will they in time also be bad? Normal two day weekends and eventually overnight holding?
We Get Mail
- Jan-Albert
- I would like to pick your brain about the big "nationalising" of banks and mines. If nationalisation is on the cards we all lose? Or do we? Or is it hot air? You would also be out of a job? Or would you? Questions everywhere and I have no answers.
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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
- Our banks are now being downgraded by S&P and Fitch, this is to be expected.
- Tongaat*, I have been buying and now have full allocation. Still my preferred second tier portfolio pick.
- Taste selling jewelry and doubling down on international food brands with another rights issue coming.
- Japan, worth investing in?
- Upcoming events
Capitec* - should we worry?
Lots of concern abut rising bad debts and how this will impact Capitec.
They identify three risks; market, credit & business. Rescheduling is a risk that concerns many but Capitec defends it in being better business and they have over 200% provisions on arrears and they are well ahead of Basel 3 2019 requirements. Further when they reschedule a loan they increase provisions against non payment. They have been declining more loans and have been tightening credit granting criteria since April 2015 and now 92% of the value of a loan is provided for when three instalments are missed. In short they are obsessive about managing risk. That said tougher economic conditions, credit card and longer term loans do add to risk and they will likely see bad debts increasing. But they are not going to do an African Bank.
Longer term they're earning more from non interest but this will take a long time to become significant against loan profits.
The annual report is due later this month and will be online here.
I had an aggressive R720 buy price, but that was before shuffles and downgrades and with growth likely to be hit post all the noise R620 is my safer buy price.
We Get Mail
- Mkululi
- The question is in February the end/beginning of government year. The money I contributed which was pulled on the night of 28Feb2017, which financial year does it belong to? last year/this year.
- Jonathon
- I just watched the "lazy trading system explained" video and I had one question. In the risk management section you, Simon, talk about initial and secondary entry points to invest your 25% in 12.5% blocks however I was unclear as what qualifies as a secondary entry. Is the secondary entry point the next time both the primary and secondary triggers occur following the first investment?
- Alexander
- I am giving my nephew an investment account with a lump sum of R1000 for his 16th. I am leaning towards an ETF. Could you possibly suggest one that would be a good long term investment?
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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.
Down we go
Standard and Poors downgraded our offshore foreign debt, not ZAR debt. This is about 10% of total SA debt. Technically we're not junk as that requires two agencies to rate us junk. But all said this is bad and expected and our portfolios should have been ready and waiting.
It took countries like Uruguay, Croatia, Ireland etc. on average 7 years to regain their investment grade status after falling to junk! Columbia took 12 years and over the last 19 years, S&P has downgraded 23 countries to junk status, of those only 6 recovered, shortest recovery time was 5 years.
How does it hurt? Debt costs for the country go up, so higher taxes and less government spending. Interest rates higher and rand weaker putting pressure on the middle class. Poor will be hurt with real damage is done to the middle class.
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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
- Capitec* (JSE code: CPI) through results got everybody talking about the "arrears coverage ratio" dropping to 208% vs. 223% previously and vs. 196% in 2015. This got all the attention last time as well, I not concerned and my 'aggressive' buy price is now around R719.
- I have some USD expenses due in the next week or so and have taken a hedge using NEWUSD* just in case.
- Anchor Capital results showed a serious slowing of growth but still a stock with a great looking future and at around 600c very attractive.
- I have bene trying to add to my very very small Sea Harvest* holding but I don't want to chase the stock as I think we may see some weakness in the weeks ahead. 1275c would be my ideal entry. It traded 1270c last week, but I wasn't paying attention and missed them.
- UK has triggered Brexit and now Scotland wants out of the UK.
- A really excellent post by Kristia on bond ETFs.
- Upcoming events
Protecting yourself from the Rand
With the Rand getting all hot and bothered again after a protracted run stronger I thought a quick look at how we can manage our portfolio against a weaker currency. We have the easy things like offshore stocks that are locally listed, offshore earning stocks, locally listed offshore ETFs and the NEWUSD mentioned above. There is also a pure offshore bank or brokerage account or heavily invested into commodity stocks. But the bigger issue is that political squabbles are part and parcel of being a South African investor and Rand weakness is also our future, even if at times we have strength. So we need to build a resilient portfolio that survives these events.
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
- Capitec* (JSE code: CPI) through R800. This is why I don't try time exits on long-term investments. Things can get crazy.
- Pembury is listing their schools division and it will likely do well on listing but I am not convinced and am not applying for allocation.
- Has the Trump rally hit a wall?
- Most of the cash for my Sea Harvest allocation has reappeared in my brokerage account, suggesting I got 3.8% allocation. We'll see how it trades as to whether I buy more in open market sell and run. I would like to hold in my second tier portfolio, but only if the numbers work and if it spikes madly on day one I will more likely sell into the spike and wait for things to settle.
Buying Bitoin (Code: BTC)
Started in October 2008 with zero value as the first crypto currency it now trades around US$1,100 and has an ardent fan base. The questions are if it is the future of money? CoinMarketCap lists over 750 crypto currencies with a total market cap of over USD24billion. That said Bitcoin has a market cap of almost US$18billion with Ethereum on a market cap of almost US$4billion (up almost 50% in the last week) leaving very little for the other 750 crypto currencies. But they are very volatile and a commodity rather than a currency, but should we be investing or trading in them?
We Get Mail
- George
- If people want interest, they want the most interest. My question is simple. Why are there so many options? Govi, Ilbi, or a call account with my bank? Which do I pick and why do I pick it?
- Stephen
- If I am looking for somewhere to park cash (i.e. protection of capital and quick access are key), other putting the money in a bank what would be the more suitable options? Also in this respect would there been any advantage in investing in an inflation linked bond ETF as opposed to directly in a bond?
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
- Anchor Capital (JSE code: ACG) been getting pounded, after almost 2000c in late 2015 now around 600c.
- HomeChoice International (JSE code: HIL) is an online machine at making money, but liquidity is zero. Four trades this months and a spread of 1400c / 3540c. So just avoid.
- Oil under pressure, good for fishing companies and motorists. Sasol* (JSE code: SOL) has some hedges at around $47 and is looking good for a buy at around R360.
- Last week I commented was looking to pick up more Tongaat* (JSE code: TON) around R123.50 then then the drought update and stock has flown, now R133.
- I have updated most of the prices to be paid for my death till us part stocks here.
- Standard & Poors still rattling around pondering a downgrade for SA. Next release in June and then December by when they have to either downgrade us or remove the negative outlook.
- Choppies (JSE code: CHP) results tough as they try and take on the big guns on their back yard.
- Blue Label (JSE code: BLU) about to buy Cell C, I not impressed with buying the their operator in a tight market. Some saying they are next Capitec* (JSE code: CPI), can't see how or why.
- Foresight Solar Fund listing, looks interesting as a dividend / Sterling play.
- Upcoming events
We Get Mail
- Anon
- I hold a small penny stock I bought years ago and it is now down about 95%. What do I do now?
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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
- Metrofile* (JSE code: MFL) results were modest but the dividend was up 18% at 13c and core operations also increased 18%.
- You can now buy shares in the South African Reserve Bank! But should you?
- Sea Harvest (JSE code: SHG) will be listing later this month. I will apply for allocation.
- Tongaat* (JSE code: TON) is coming under some selling pressure down to around R123.50.
- Upcoming events
Is Buffett a value investor?
@JustOneLap @SimonPB Please also make mention of Buffett's 180 degree flip and new love affair with 'cheap' airlines
— Wes Hellyar (@WesHellyar) March 7, 2017
It is well known that Warren Buffett learnt investing from the father of value investing - Benjamin Graham and many still consider Buffett to be the worlds greatest value investor. But while he may be the worlds greatest investor he is not a value investor having abandoned that strategy way back. If anything he is 'growth at reasonable price' investor. The book Common Stocks and Uncommon Profits by Phil Fisher really explains his current investing methodology.
We Get Mail
- Glen
- I am wondering which one of these 2 would be best: ABSA Newfunds TRACI 3-M or SBK tax free call account?
- LH
- But what do you do when your ETF of choice halves in value?!
- Boitumelo
- Basically I want to know if switching is worth the tax free incentive.
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
- New tax year and I have already loaded another R33k into my tax-free account and will be buying as per our high risk model portfolio.
- The annual Buffett letter was published last weekend. Always good reading, I especially like his comments on buying assets with shares (and hence paying a fortune). He also updates on his bet on the VOO vs. hedge funds (spoiler, VOO wining by a mile). The AGM will be webcast here on 6 May.
- We update the momentum portfolio stocks for 2017/8. Last years return was -5.2% after all costs and behind the benchmark so disappointing. I am NOT re-entering the portfolio this year for two reasons. Too much stuff and the ABSA NFEMOM ETF now uses my methodology and is more tax efficient.
- Upcoming events
Becoming a trader
The most frequent question Simon gets is about becoming a trader and his first answer is always the same, it will take time. Lots of time. In this weeks podcast he goes into details about the skills needed, capital, tools and more.
Some resource;
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.
- The budget and your investments
Simon Shares
- Murray & Roberts (JSE code: MUR) mystery buyer is out, ATM Holding, Munich with now almost 25% stake in MUR. So now what, surely they don't want just 25%?
- Shoprite* (JSE code: SHP) merger is off and their results were excellent. I am a double happy shareholder.
- Adcock Ingram (JSE code: AIP) results show turn around happening but share price seems to be pricing this in already on PE of over 20x.
- Mediclinic (JSE code: MEI), Al Noor a less than rosy acquisition for the company. Why do these big deals always seem to go wrong?
- Upcoming events
Budget 2017 and your investments
Key highlights and how they'll impact various investments;
- Tax-free - annual limit increased to R33,000 a year. Effective 1 March 2017, NOT this tax year.
- Dividend Withholding Tax (DWT) up from 15% to 20%.
- Capital gains tax (CGT), company tax & VAT - no change.
- New top tax bracket at 45% for those earning over R1.5million.
- Sugar - still on the cards.
- Petrol - +39c.
- Relief will be provided in the threshold above which transfer duty is paid from R750 000 to R900 000.
- Social grants;
- The old age grant will increase R1600 for pensioners over the age of 60, and R1620 for those over 75. The disability and care grants increase to R1600. Foster care grants increase to R920.The child support grant increases R380.
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
- ZAR X and 4AX exchanges are coming. But do they have any listings we care about and are we able to trade them with our current brokers.
- Kumba Iron Ore (JSE code: KIO) very impressive and cost per tonne is well down from over $40 to $29, but no dividend.
- Brait* (JSE code: BAT) shows what a mess New Look as they slice R10billion of the NAV to R8.7billion, and the UK just released best unemployment rate in 11 years but wages under pressure.
- Rand heading for R13/US$, no surprises as it one of my predictions for 2017. Question is how much stronger and as important any strengthening will not be in a straight line.
- Full list of ETFs that can be used in a tax-free account.
- Upcoming events
* Simon holds ungeared positions.
Trading tax-free accounts
In last weeks JSE Power Hour on tax-free investing Simon mentioned trading a tax-free account. This got many excited thinking about derivatives and shares, but no. The restrictions for tax-free accounts remain but Simon has ways we can still trade without gearing and enhance returns (or losses).
We Get Mail
- Eric
- Honestly, it's never been easier or this cheap to bulletproof your Rand wealth through diversified products covering the globe.
- Janus
- Many people
- I want to buy an unlisted share, is it a good idea?
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
- Now Sea Harvest coming to market mid March hot on the heels of Premier Fishing.
- Spar (JSE code: SPP) another weak retailer trading update, BuildIt very weak, local weak, Ireland alright but hurt but currency and Switzerland also poor.
- MTN (JSE code: MTN) reports they will have a headline loss for FY2016 after a 1204c HEPS in FY2015. Lots of reasons, mostly Nigeria.
- Two new Satrix ETFs coming. One property (capped at 10% per stock) and a government inflation-linked bond ETF.
- Understanding the DCCUSD ETF that tracks US Treasury Bonds.
- Upcoming events
Jean Pierre Verster Portfolio Manager - Fairtree Capital
Chatting market fears and opportunities specifically; Hudaco (JSE code: HDC), Naspers (JSE code: NPN), MTN and Invicta (JSE code: IVT).
We Get Mail
- Anton
- Do you know why I am paying double the share price to purchase a share at my broker? Is it brokerage fee?
- Hendrik
- At which point do we have to outsource the investment club to protect the alliance. Each member's share is now quite substantial.
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
- African Phoenix (JSE code: AXL) is back and trading around 55c after a trading update suggesting around 3c HEPS for the first half. With a potential for maybe 8c-10c HEPS for the FY17 that's a PE of around 5x.
- Local markets gained 4.8% in January, this time last year after a horrid January everybody was saying 'as goes January so goes the year". Well they was wrong and what January does is only what January does, not the rest of the year.
- Upcoming events
Investment clubs
A few requests on investment clubs; how to set them up, manage them, regulations etc. So here's my views, ideas and suggestion for getting your own investment club off the ground.
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.
Abils back
Simon Shares
- African Bank (Abil) returns to the JSE on Wednesday as African Phoenix Investments (JSE code: AXL). I never expected that, a busted bank survives, albeit this is not the banking assets, just insurance.
- Top40 index at highs for the year, ya I know it early days and as Stuart reminded me on Twitter the Springboks are also unbeaten for the year.
- Huge trading update from Kumba Iron Ore (JSE code: KIO) as iron prices were markedly higher.
- Too much stuff, sell everything. Wow a huge response and all positive except for two people who said I would miss the garden and everybody wants my books. Also a lot of requests that I keep people in the loop as to process etc. No comments on my potential portfolio restructuring.
- Up coming events;
- Four events loaded, find them here.
We Get Mail
- Lucky
- Hi Simon, want to start TFSA acc ,is there a way to add RSA Retail bonds into the TFSA?
- Michael
- Would you recommend setting up a tax-free savings account through FNB?
- Charmaine
- Tax saving in ABSA momentum ETF (NFEMOM) what does this mean.
- Hoosain
- I just want to get your take on buying shares that are already in your unit trusts or ETFs. Do you think its advisable to buy the same shares that are in those products?
- Franz
- What is the procedure for opening an offshore account?
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.
Too much stuff, sell it all
Simon Shares
- Local retail sales updates thus far are poor. Standouts; Mr Price (JSE code: MRP) still getting their lunch handed to them, Shoprite* (JSE code: SHP) is a retail monster with rest of Africa booming.
Too much stuff
I'm calling it life style creep when you wake up one morning and my large house is no longer big enough. We're surely doing it wrong? So my lovely wife an I are pushing back, down scaling into a small apartment and getting rid of 95% of our stuff. Pretty much everything except essential furniture, share portfolio (some portfolios are potentially under the hammer) and art. We simple have too much stuff and a simpler life with less stuff is in order. Bigger picture is to become a digital nomad living in AirBNB apartments; watching whales from Stillbaai in August / September and so on. But it starts with less stuff.
The 2017 predictions show
Every year the first JSE Direct of the year is our annual predictions show. Marc Ashton, GM at Moneyweb, Keith McLachlan, Small/Midcap fund manager at Alpha Wealth and Just One Lap founder Simon Brown review their predictions from the previous year and make their top three predictions for 2017. They then also make a call on the Top40 and ZAR/US$ for the year.
You can find the 2016 edition here.
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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.