Simon Shares
- FOMC and MPC both keep rates unchanged, No surprise.
- Evergrande is not a threat to the global financial system.
- Fat finger on Purple Group* (JSE code: PPE).
Upcoming events;
- 30 September ~ Power Hour - JSE traded ETNs on Tesla, Apple, clean energy and more
- 14 October ~ Investment Fundamentals with Keith McLachlan
Offshore
/ FOMC leaves rates unchanged and no tapering just yet.
/ Evergrande a worry but not a global threat
/ China bans crypto, again.
/ Britain has a shortage of lorry drivers, and so a petrol shortage.
/ Nike cut its 2022 revenue outlook because of the temporary bottlenecks plaguing supply chains.
Local
/ MPC no change
/ Telkom to spin out towers (Swiftnet) worth about R13billion. Openserve will happen afterwards.
/ PGM prices remain under pressure as vehicle production the world over in under pressure due to chip shortages.
/ Spur results
/ Exxaro has announced the development of a 70 MW solar project as part of the groups “overall renewable energy strategy”.
/ Grindrod sells remaining stake in Grindrod Shipping for R370million
Simon Shares
- Clicks (JSE code: CLS) revised trading update, previous EPS growth was 8%-13%. Now revised to 0%-3%.
- Afrocentric (JSE code: ACT). Great little stock.
- Not a bad update from Famous Brands* (JSE code: FBR)
- US inflation for August was 5.3%.
- US poverty levels went down in 2020, during the pandemic.
- AB Inbev (JSE code: ANH) just keeps on falling, why?
- PGMs getting crushed. Platinum down at US$934, palladium around US$2,000 and rhodium US$13,300. What's happening? When does it reverse?
Offshore
/ PayPal announced plans to buy Japanese "Buy Now, Pay Later" BNPL company Paidy Inc. for $2.7B
/ US judge rule against Apple and in Epic Games favour in antitrust lawsuit; judge says Apple's conduct in enforcing anti-steering restrictions is anticompetitive
/ China Evergrande Group default risk ($300bn)
/ U.S. Senate Democrats float stock buyback tax as part of $3.5 trillion bill
/ The World’s Shippers Are Earning The Most Money Since 2008
Local
/ Local Q2 GDP, we’re 1.4% below pre-pandemic levels
/ SARB governor Lesetja Kganyago suggests we work towards a 3% inflation target, with a 2-4% tolerance range
/ FSCA fines Viceroy R50m
/ Result; Shoprite
/ Results; Momentum
/ Results; Bidvest
Simon Shares
- Shoprite* (JSE code: SHP) results. Christo Wiese gets R342m in dividends. 21million consumers using their Xtra Savings and 1.5million downloads of the Sixty60 app.
- The market did not much like the Murray & Roberts* (JSE code: MUR) results.
- Old Mutual updates 2021 GDP forecast to 5.5%. This is after Stats SA released GDP for Q2 QonQ at 1.2% (YonY 19.3%) and better than expected. The economy remains 1.4% below pre-covid levels.
- FSCA fines Viceroy R50million. They won't pay.
- SARB governor Kganyago Lesetja suggests we work towards a 3% inflation target, with a 2-4% tolerance range.
- New infrastructure ETF from Satrix.
Upcoming events;
- 30 September ~ Power Hour - JSE traded ETNs on Tesla, Apple, clean energy and more
- 14 October ~ Investment Fundamentals with Keith McLachlan
Offshore
/ US jobs data slows. Likely means tapering not just yet even as ECB starts talking tapering.
/ New China restriction, kids gaming limited to one hour a day on Friday, weekend days and public holidays
/ Pfizer has recognized over $10 billion in profits from the COVID-19 vaccine alone, making it the best drug introduction in history.
/ After hurricane Ida oil recovery begins with ports and refineries restarting but most production in the Gulf of Mexico is still shut.
/ Chip shortage holds back German car sales in August
Local
/ SA trade surplus at R37bn July vs R55bn June. YTD R290bn.
/ Mediclinic plans to go green in R2.2bn renewable energy deal
/ Results; Murray & Roberts
/ Results; Discovery
/ Results; Implats
/ Results; Aspen
Simon Shares
- Jackson Hole
- Bonang Mohale and his Serialong trust converts a Purple Group* (JSE code: PPE) loan into 11.46% shares in the group
- ADvTECH* (JSE code: ADH)
- Stadio (JSE code: SDO)
- Cashbuild (JSE code: CSB)
- Sun International (JSE code: SUI)
- MAS Real Estate (JSE code: MSP)
- Motus (JSE code: MTH)
- Woolies* (JSE code: WHL)
Is this Woolworths’ attempt at Athleisure ?
Yikes! 😬
Crop Top : R249.99
Leggings : R299.99I am flattered they think I,their customer, is a 20 year old Instagram Fitness star 🤣🤣 pic.twitter.com/B4xsTJ36ho
— Moms 💖 investing (@mommy_moneyza) September 1, 2021
Upcoming events;
- 02 September ~ JSE Power Hour: Picking the next winning stock
- 14 October ~ Investment Fundamentals with Keith McLachlan