Simon Shares
- SAB Zenzele Kabili trading at R180, at least 3x fair value?
- Local GDP for the first quarter was 1.1% QoQ. Kinda middling.
- Stor-Age* (JSE code: SSS) results.
- Thungela Resources (JSE code: TGA) lists.
- AdaptIT (JSE code: ADI) gets an improved offer from Volaris - 700c.
- Life Healthcare (JSE code: LHC) bouncing again because of the Alzheimer drug. But it a very long road.
- Sirius Real Estate (JSE code: SRE) results were excellent.
* I hold ungeared positions.
Upcoming events;
Options, futures and CFDs
Options (warrants on the JSE)
- Complicated
- Risk is only 100%.
- Right to buy or sell.
- Not much offered in SA.
- Long or short, depending on if call or put.
- Can trade on Safex, but institutional size trades only.
Futures
- Exchange-traded
- Equity, indices, commodities, currencies & agriculture.
- Long or short.
- Interest charge and dividends built into the price.
- Require a Safex broker.
- You can lose more than you started with.
Contract for Difference (CFDs)
- Over the counter (OTC) traded.
- Counterparty risk.
- Issued on anything.
- Long or short.
- Interest paid/earned daily.
- No expiry.
- You can lose more than you started with.