Great insights into the budget, who should be our finance minister and even the Coronation* (JSE code: CML) Con Court appeal against the SARS judgement.
AI has suddenly landed and it's going to be wild.
I rate it with some other major technological paradigm shifts;
All were horrid when they launched. But now they drive humanity.
Facebook getting their ads working AI after Apple locked them out.
Search is changing and will Google be the new winner.
We use Dali-E for images on JOL
Chat GPT is great, but it is not accurate. That is actually a design feature, but this is only version 3.5 and already lots of people are using it for real world practical examples.
How is it going to change investing and trading? I don't know but I know many, myself included, are trying things to see what works and what actually adds value.
Quick update, I buying Coronation (JSE code:CML) at ±3750c.
View my portfolio ==>> www.SimonBrown.co.za
All listed companies are mentioning load shedding in their updates.
"The Group's additional spend on diesel to operate generators across our Supermarkets RSA store base in order to trade uninterrupted during load shedding stages five and six amounted to R560 million for the period."
For the six months ending 2 January 2022 operating profit was R5,113billion. So load shedding costing the group ±10% of operating profit?
"A large portion of the capital expenditure commitments amounting to R737 million, outlined during the F2022 results presentation, has been placed on hold given the current adverse market conditions. The Group has however committed funds towards backup electricity generation solutions to reduce the adverse impact of load shedding."