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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, 2022
Nov 30, 2022

Simon Shares

  • MPC upped rates 0.75% with more expected in the new year.
  • Solid City Lodge* (JSE code: CLH) update with November occupancies at 60%.
  • Rand below R17/US$ and more strength expected.
  • Top40 sneaks green for the year after a rough ride.
    • This is why we hold
    • And don't panic
    • Markets recover

Chinese covid-19 cases hitting new records, by a long way.

This has real implications (bad ones) for the global economy as the second largest is going to be struggling in 2023.

 

Chinese covid cases since the start of the pandemic

Chinese covid cases since the start of the pandemic

* I hold ungeared positions.

Nov 23, 2022

Simon Shares

  • Renergen* (JSE code: REN) did a small capital raise and the market not liking after they said earlier in November they wouldn't do one.
  • Cilo Cybin will not be listed on the JSE. They planned to raise R500million but only got R20.5million. Those who applied will be refunded.
  • Local October CPI was 7.6%, up from 7.5% and vs. an expected 7.4%. Expect MPC to do 0.75% and two 0.25% next taking prime to 11%.

Locally 2022 has not been all horror

It feels really bad but the JSE has had a fair year with sen decent winners as the two images below show.

JSE Top40 stocks year-to-date. (winners)

JSE Top40 stocks year-to-date. (winners)

JSE Top40 stocks year-to-date. (losers)

JSE Top40 stocks year-to-date. (losers)

Nov 16, 2022

Binance buys FTX.

No, they walk away.

FTX goes bust.

Keep your coins in a hardware wallet, not on the blockchain unless you trading it. I use a Ledger Nano S Plus.

What's the future for crypto with another exchange hitting the wall?

Simon Shares

  • Results wrap;
    • Purple Group* (JSE code: PPE)
    • Stor-Age* (JSE code: SSS)
    • Ninety One (JSE code: N91)
    • Transaction Capital (JSE code: TCP)

* I hold ungeared positions.


 

Nov 9, 2022

So you bought a stock and it's done good and you're making money, maybe even lots of it.

Now what?

  • First, why did you buy it? That'll often help you decide when to sell.
  • Second, is it still going up? Have a line in the sand, using charts, at which you sell.
  • Third, is the news still all good? Bad news means to sell.

Simon Shares

  • US inflation due Thursday, expected is 7.9%.
  • Binance buys FTX
  • Time for gold?
  • Murray & Roberts (JSE code: MUR) sell Clough for very little but get rid of a lot of inter-company debt.
  • Leisure stocks looking good, especially the Sun International* (JSE code: SUI) chart.
  • "However, due to the immense interest from the public, as well as international investors to date, we decided to extend the period by 2 more weeks. This will allow for the investors that missed the deadline, to be part of this amazing opportunity to own shares in Cilo Cybin Holdings.". Not a good sign.
  • Elon Musk sells Tesla (Nasdaq code: TSLA) shares worth US$4billion after saying in April he would sell no more. But this should be enough to keep Twitter afloat for the next year.
  • Meta (Nasdaq code: META) to fire 11,000 workers, about 13% of the workforce.

* I hold ungeared positions.

Nov 2, 2022

After the results, are any FAANGs worth buying?

FAANGs, a mixed bag with Meta (NASDAQ code: META) the biggest loser.

Is it worth buying or what of the other FAANGs?

Apple (NASDAQ share code: AAPL) and Amazon (NASDAQ code: AMZN) would be my picks. Why buy the losers?

Simon Shares

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