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JSE Direct with Simon Brown

Weekly podcast hosted by Simon Brown covering the JSE and listed companies.
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Now displaying: Page 1
Aug 23, 2023

dd


Spur and Calgro M3, two stocks I have been watching and both have seen their prices break higher.

  • Calgro M3 (JSE code: CGR) builds lower income housing and after a few troube years os back on track.
    • Latest results were for year ending February 2023.
    • PE ±2.5%
    • Cash on hand ±R172million, market cap is ±R440million
    • NAV 951c (including unused land valued at ±30% of NAV) while share price 365c

  • Spur (JSE code: SUR) sells fast casual food and the pandemc hurt. Latest results have some base effect as they are for six months ending June 2023.
    • Forward PE ±5x
    • Dividend yield ±14%
    • Spur remains their key brand.


Simon Shares

  • Thungela (JSE code: TGA) results saw HEPS down 67% which is the same as the price of coal over the last year.
  • UBS cuts China's GDP growth forecast for 2023 from 5.2% to 4.8%
  • CoreShares ETFs name change to 10X.
  • Local inflation for July was 4.7%, a really strong number and better then the market expected, this even as administrative prices kicked in during July. Transport was negative for the period.

Charts by Koyfin 15% discount for first 2 years

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