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Now displaying: Page 1
Aug 2, 2023

 

Aspen looking cheap?

Aspen (JSE code: APN) announces a acquisition in Latin America for US$290m on a price/sales of ±3x and PE of ±5x. This is a classic Stephen Saad sort of deal. Strong cash generation to pay down the debt.

After having gone quiet when the balance sheet case under serious pressure (with debt of ±R50billion) Aspen is back?

Chart looking good for a break higher.

Forward PE of ±12x is below 1 standard deviation over last twenty years and looking cheap.

Charts by KoyFin, click here for 15% off a two year subscription.

Simon Shares

  • FOMC raised 0.25% as expected last week. In the press conference Powell suggested no recession coming and with inflation for June at 3% has the fed successfully threaded the inflation needle without any serious repercussions (so far)?
  • MTN (JSE code: MTN) trading update, 169c cost for 'currency moves' likely the Nigerian Naira devaluation.
  • Prosus (JSE code: PRX) agrees to sell part of PayU to Rapyd for $610m. They’ll keep the Indian market part of the business.
  • How is your crypto taxed?
  • Nominal vs effective interest rate, know the difference.
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