- The budget and your investments
Simon Shares
- Murray & Roberts (JSE code: MUR) mystery buyer is out, ATM Holding, Munich with now almost 25% stake in MUR. So now what, surely they don't want just 25%?
- Shoprite* (JSE code: SHP) merger is off and their results were excellent. I am a double happy shareholder.
- Adcock Ingram (JSE code: AIP) results show turn around happening but share price seems to be pricing this in already on PE of over 20x.
- Mediclinic (JSE code: MEI), Al Noor a less than rosy acquisition for the company. Why do these big deals always seem to go wrong?
- Upcoming events
Budget 2017 and your investments
Key highlights and how they'll impact various investments;
- Tax-free - annual limit increased to R33,000 a year. Effective 1 March 2017, NOT this tax year.
- Dividend Withholding Tax (DWT) up from 15% to 20%.
- Capital gains tax (CGT), company tax & VAT - no change.
- New top tax bracket at 45% for those earning over R1.5million.
- Sugar - still on the cards.
- Petrol - +39c.
- Relief will be provided in the threshold above which transfer duty is paid from R750 000 to R900 000.
- Social grants;
- The old age grant will increase R1600 for pensioners over the age of 60, and R1620 for those over 75. The disability and care grants increase to R1600. Foster care grants increase to R920.The child support grant increases R380.
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
- ZAR X and 4AX exchanges are coming. But do they have any listings we care about and are we able to trade them with our current brokers.
- Kumba Iron Ore (JSE code: KIO) very impressive and cost per tonne is well down from over $40 to $29, but no dividend.
- Brait* (JSE code: BAT) shows what a mess New Look as they slice R10billion of the NAV to R8.7billion, and the UK just released best unemployment rate in 11 years but wages under pressure.
- Rand heading for R13/US$, no surprises as it one of my predictions for 2017. Question is how much stronger and as important any strengthening will not be in a straight line.
- Full list of ETFs that can be used in a tax-free account.
- Upcoming events
* Simon holds ungeared positions.
Trading tax-free accounts
In last weeks JSE Power Hour on tax-free investing Simon mentioned trading a tax-free account. This got many excited thinking about derivatives and shares, but no. The restrictions for tax-free accounts remain but Simon has ways we can still trade without gearing and enhance returns (or losses).
We Get Mail
- Eric
- Honestly, it's never been easier or this cheap to bulletproof your Rand wealth through diversified products covering the globe.
- Janus
- Many people
- I want to buy an unlisted share, is it a good idea?
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
- Now Sea Harvest coming to market mid March hot on the heels of Premier Fishing.
- Spar (JSE code: SPP) another weak retailer trading update, BuildIt very weak, local weak, Ireland alright but hurt but currency and Switzerland also poor.
- MTN (JSE code: MTN) reports they will have a headline loss for FY2016 after a 1204c HEPS in FY2015. Lots of reasons, mostly Nigeria.
- Two new Satrix ETFs coming. One property (capped at 10% per stock) and a government inflation-linked bond ETF.
- Understanding the DCCUSD ETF that tracks US Treasury Bonds.
- Upcoming events
Jean Pierre Verster Portfolio Manager - Fairtree Capital
Chatting market fears and opportunities specifically; Hudaco (JSE code: HDC), Naspers (JSE code: NPN), MTN and Invicta (JSE code: IVT).
We Get Mail
- Anton
- Do you know why I am paying double the share price to purchase a share at my broker? Is it brokerage fee?
- Hendrik
- At which point do we have to outsource the investment club to protect the alliance. Each member's share is now quite substantial.
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
- African Phoenix (JSE code: AXL) is back and trading around 55c after a trading update suggesting around 3c HEPS for the first half. With a potential for maybe 8c-10c HEPS for the FY17 that's a PE of around 5x.
- Local markets gained 4.8% in January, this time last year after a horrid January everybody was saying 'as goes January so goes the year". Well they was wrong and what January does is only what January does, not the rest of the year.
- Upcoming events
Investment clubs
A few requests on investment clubs; how to set them up, manage them, regulations etc. So here's my views, ideas and suggestion for getting your own investment club off the ground.
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.