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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: September, 2023
Sep 27, 2023

US 10-year yields highest since 2007

Bad news all round (unless you buying).

Almost 40% of US government debt expires in the next four years and will be re-issued at markedly higher rates, 9x higher in some cases.

Money flowing into US bonds for yield.

  • This sees less money entering the stock market
  • Sees a stronger US$ (check DXY strength, all currncies weaker against US$)

Hits valuations lower as higher rates makes cash worth less in the future, but so far the market has ignored this fact.

Simon Shares

  • The Top40 closed negative for the year on Tuesday. This after being almost +12% in late January and trading at all-time highs.
  • Top40 close 26 September 2023, negative YTD Top40 close 26 September 2023, negative YTD

    Fed and SARB hold rates steady - but very hawkish.

  • StatsSA "South African hotels recorded an occupancy rate of 47.3% in July 2023, up from 45.8% in June and 45.5% in May.". But still below the ±50% pre-pandemic occupancy levels.
Sep 6, 2023

Simon Shares

  • Shoprite* (JSE code: SHP) results "2023 was extraordinary".

Chart by Koyfin 15% discount for first 2 years

  • Richemont (JSE code: CFR) getting interesting, let's see if support holds.
  • [caption id="attachment_40005" align="aligncenter" width="849"]Richemont weekly ~ 07Sep23 Richemont weekly ~ 07Sep23[/caption]Nampak (JSE code: NPK) nil paid letters are trading, code NPKN. Remember either sell them or take up the rights.
  • Calgro M3* (JSE code: CGR) trading statement, HEPS +20% for the first six months ending August.
  • The latest PMIs out of Europe all quite weak, not only declining from the previous month, but lower than the preliminary numbers from the middle of last month
  • Profit from the Longevity Boom with Healthcare ETFs
  • The tax ABCs of buying a property

Simon Brown

* I hold ungeared positions.


 

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