Simon Shares

• Astoria (JSE code: ARA) listed yesterday and traded pretty much inline with net asset value (NAV) of USD1.00. I hold and like it very much. But it could be a tough year for the stock if Rand strengthens and US markets slow.
• Balwin (JSE code: BWN) published their first set of results as a listed company, for the six months ending August. Really strong numbers but one confusing comment from management was that the second half of the year is seasonally stronger than the first. yet this is over the Christmas holidays when builders shut down and surely people are not buying houses while also buying Christmas presents?
• Pioneer (JSE code: PFG) results were confusing with the company trumpeting adjusted HEPS growth of 23%. But adjusted for what? I always use the simple diluted HEPS which was up 12% and I know exactly what it means.
• Join us on 7 December for the last JSE Power Hour of the year at the JSE. Topic is 'positioning your portfolio for 2016' and being the last function of the year we'll have drinks afterward and we've invited all the speakers from the year so you can mingle and ask questions of them.

Keith Mclachlan fund manager at Alpha Wealth

How does one become a fund manager? What are the exams and where does one start? We also sneak in a question on the Balwin results.

We Get Mail

• Matt (via Twitter)
  • Can you please explain 'pre-market moves' and 'after hours trading' in US stock markets?
• Franz
  • I bought Steinhoff shares about a year ago and they have done really well. However, I am a bit confused now regarding the delisting from the JSE and the listing on the FSE. Does this mean I have to sell my shares? What happens if I don't sell them before they delist from the JSE? I see the deadline is 27 November.
• Stephan
  • I've had it twice now that I've been offered shares in lieu of a cash dividend (most recently on Steinhoff). Is this a case by case decision or is there a general rule of thumb to follow? If it is case by case, is there a simple analysis process to follow for a decision?

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JSE – The JSE is a registered trademark of the JSE Limited.

JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

Simon Shares

• MTN (JSE code: MTN) continues to fall as the latest rumour says the fine will not be reduced but that it could be paid off in instalments. However MTN has as it there way not issued any SENS on this so the market remains blind with only rumours to speculate on. I consent to stay away and will continue to do so.
• Balwin, Stor-Age, Trellidor, M-FiTech (JSE codes: BWN, SSS, TRL & MFI). What's the common link? All recent listings currently trading below listing price. Not a good sign for a listing boom.
• Join us on 7 December for the last JSE Power Hour of the year at the JSE. Topic is 'positioning your portfolio for 2016' and being the last function of the year we'll have drinks afterward and we've invited all the speakers from the year so you can mingle and ask questions of them.

Books

• Trading
  • Trading in the Zone - Mark Douglas
  • Trend Following - Michael Covel
  • Reminiscences of a Stock Operator - Edwin Lefevre
• Investing
  • One up on Wall Street - Peter Lynch
  • Common Stocks and Uncommon Profits – Phil Fisher
  • Effective Investor - Franco Busetti
  • Intelligent Investor - Benjamin Graham

We Get Mail

• Vusi
  • What's the difference between issued and authorised shares? I see it all the time with JSE stocks.
• Heather
  • Can I invest in America with the JSE? I want to buy Apple shares.
• Via Twitter
  • I don't like MTN (moral thing) but I'd be fool to not buy it long-term Recovery insight?

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Subscriber to our feed here or sign up for email alerts as a new show goes live or subscribe in iTunes.

JSE – The JSE is a registered trademark of the JSE Limited.

JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

Simon Shares

• Lonmin (JSE code: LON) a disaster of a storey. Back in July 2008 Xstrata offered GBP33 a share valuing he company at around R100billion at the time. It was rejected as under valuing the company. Stock has traded over R600 in 2007, now under 200c and a massive (seriously massive) rights issue at 21.4c.
• This national drought is getting very real with all sorts of implications for local companies, and none of them good.

Bryan Rudd CIO Anchor Capital Maurtrius
Astoria is being listed by Anchor Capital and will invest in a portfolio of global equities and private equity businesses. 60% equity 20% niche 20% alternative and private equity fund. USD based and traded on the JSE.

We Get Mail

• Several people asking
  • Am I buying Lonmin?
• Several people asking
  • Am I buying MTN?
• Manro (via twitter)
  • What price will SA investors get on JSE for SABMiller (JSE code: SAB) after the £44 offer from AB Inbev? How much of that is cash? Do I hold or sell?

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JSE – The JSE is a registered trademark of the JSE Limited.

JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

Simon Shares

• MTN (JSE code: MTN) really is making a mess of a bad situation and I have sold my holding as I can no longer trust management.
• Capitec (JSE code: CPI) has boomed through R600. Nothing can hold this stock back.

We Get Mail

• Arin
  • My question relates to the previous podcast when you mention that you will not be selling your Calgro M3 shares and you say that they are “fairly valued.” You have also mentioned a few podcasts ago that when discovery goes into the 120’s, you buy them. So now as I write this, discovery is around R147. What can I use, or how can I work out whether a stock is “fairly valued” and perhaps you can use Discovery in you example.
    How to find a share to buy - http://s3.amazonaws.com/OST/StandardOST_Finding_that_perfect_stock.wmv
  • How to determine a price to pay http://s3.amazonaws.com/OST/StandardOST_What_Price_to_pay_Jul2015.wmv
• Robert
  • My understanding is that SARS will distinguish between amounts invested, on the one hand, and PROFITS MADE as a result of the deposits. Can I therefore withdraw my PROFIT at will, without lowering my lifetime cap? Can I replace my withdrawn profit in the next tax year? If the distinction between PROFIT and deposits are not made, and the withdrawal of ANY amount affects the lifetime limit, then TFSA accounts are only beneficial when the lifetime limit is reached and a single bulk withdrawal is made.
• Marcus
  • I have bought some shares of a certain company,the fund has grown and i have made a profit. Please advise if its wise to cash out the profit and leave the original investment intact? Do you think it is wise to re-invest the gain on the same stock again once the price goes lower again?
• July
  • I wish to invest in shares and would like get more information in this regard.i wish to contribute a thousand rand monthly.
• Robert
  • Should we as part of our budget keep hard cash at home in a safe? If so how much? If one kept say, R 20 000 in a safe, or any significant amount, one would lose money not invested. In this age of debit cards surely that amount of money is better off in a Capitec savings account earning at least 4,50 percent interest. A family member seriously suggested cash in safe in case of a "run on the banks".

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Subscriber to our feed here or sign up for email alerts as a new show goes live or subscribe in iTunes.

JSE – The JSE is a registered trademark of the JSE Limited.

JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.