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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: November, 2021
Nov 29, 2021

Offshore

/ Powell second term as Fed chair

/ Fed's Bostic says he remains open to faster taper and one or two rate hikes in 2022

/ Online Black Friday sales in the US fell according to data from Adobe Analytics ($8.9bn vs. $9bn)

/ Opec+ meeting this week, production likely to remain unchanged

/ Turkish lira losses 20%

Local

/ New variant crashes markets and leisure stocks (everything)

/ Good Invicta results, but no dividend

/ Good PPC results

/ Brait apital raise via convertiable bond

/ Hospital stock results; Life Healthcare & Netcare

/ Banking stocks

Nov 24, 2021

Simon Shares

  • Coronation* (JSE code: CML) grows assets, fees and dividends.
  • PPC (JSE code: PPC) results look good.
  • Purple Group* (JSE code: PPE) price action looking weak.
  • PGMs fading again.
  • Hospital group stocks; Life Healthcare JSE code: LHC) and Netcare (JSE code: NTC) both had fair results as they get better at managing the pandemic.
  • Shoprite* (JSE code: SHP) launched their banking account, under pinned by Grindrod Bank (JSE code: GND) who also stand to benefit from the MTBPS last week whereby the minister said they'd allow independent traffic on the Transnet rail network by end of 2022.
  • Turkish lira collapse. This is what happens when your central bank is not independent.
  • Two stocks that made a real difference to my portfolio over the last two decades, Capitec* (JSE code: CPI) and Shoprite* (JSE code: SHP).

* I hold ungeared positions.

 

 

Nov 17, 2021

Simon Shares

  • Iron ore below US$100. Kumba (JSE code: KIO) halved since July highs.
    • And still falling.
    • But Q3 sales were at US$180 / tonne and even at current lows likely they get US$150 / tonne for the second half. Mid-year cost per tonne was US$26 and sale price US$165 / tonne. So the share is pricing in horror stories which likely aren't true fr the full year ending December. BUT next year will be different and you don't try to catch falling knives, wait for a confirmed reversal.
  • Woolies* (JSE code: WHL) trading update, really weak.
  • Shoprite* (JSE code: SHP) trading update, really strong.
  • Strong PPC (JSE code: PPC) update.
  • Local inflation came in at 5%, the fourth month we're below US inflation and likely we'll see no change at MPC on Thursday.

* I hold ungeared positions.

[caption id="attachment_31691" align="aligncenter" width="888"]Top40 daily Top40 daily[/caption]

Upcoming events;

Nov 15, 2021

Offshore

/ US inflation, 6.2%. Core inflation highest since 1991.

/ Johnson & Johnson announced plans to split its company into two, separating its consumer health division from its pharmaceutical and healthcare businesses.

/ Elon Musk selling Tesla shares, some planned n September. Rest thanks to the Twitter poll.

/ Singles day in China, muted (+8.5%) but still huge, Alibaba $84.5billion

/ Tencent results. Slowing in all areas. Common prosperity is visible in the results.


Local

/ MTBPS, not much happening - as expected.

/ Vodacom buying Vodafone Egypt, nice deal and adds a strong growth region.

/ Purple Group results, really top class and much better than I expected. 737k funded accounts.

/ Sappi results, doing well as dissolving pulp prices boom. But energy costs hurting.

/ Raubex results strong with a really good pipeline and well positioned for infrastructure

/ Northam scopes Implats and buys 33% of RBPlats

Nov 10, 2021

Simon Shares

  • Iron ore below US$100. Kumba (JSE code: KIO) halved since July highs.
  • Tencent (Hong Kong code: 700) results.
  • Northam (JSE code: NPH) buys stake in RBPlats (JSE code: RBP).
  • Telkom (JSE code: TKG) results.
  • Purple Group* (JSE code: PPE) results.

 

[caption id="attachment_31661" align="aligncenter" width="888"]Purple Group daily chart Purple Group daily chart[/caption]

* I hold ungeared positions.

Nov 8, 2021

Offshore

/ US tapering begins

/ Strong US jobs data

/ US passes $1trillion infrastructure bill

/ Bank of England leaves rates unchanged

/ Strong Pfizer results

/ Elon Musk asks Twitter if he should sell 10% of his Tesla shares, and pay tax

Local

/ Mini budget this week

/ Renergen reserves

/ Dis-Chem results

/ MTN update

/ Purple Group update

/ Petrol increase

Nov 3, 2021

Simon Shares

  • Federal Reserve FOMC press conference Wednesday evening after a two-day meeting.
  • Avis (NYSE code: CAR) up 50x from March 2020 lows after results.
  • Pfizer (NYSE code: PFE) results.
  • Ascendis (JSE code: ASC) shareholder activists now control 30% of the votes.
  • Renergen* (JSE code: REN) announce a six-fold increase in helium reserves.
    • Still need to raise UAS$800m or R12.3billion to get phase 2 up and running.
  • [caption id="attachment_31627" align="aligncenter" width="888"]Renergen weekly chart Renergen weekly chart[/caption]

    US$8.5billion from France, Germany, the UK and the US governments, as well as the EU, to support a just transition to a low carbon economy.

* I hold ungeared positions.

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