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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 24, 2022

Simon Shares

  • Nasdaq (650 points), S&P500 (80 points) & Euro Stoxx50 (22 points) trades all closed. FTSE100 still going currently +100 points.
  • Old Mutual BEE deal, will go into details, but it only closes in late October so no rush.
  • Spur (JSE code: SUR) looking very good.
    • PE ±15x and DY ±5%
    • From the Spur earnings call "And we know that only 18% of the South African adult population represents 80% of economically viable consumer segment."
      • Revenue at record with space to get margins back to pre-pandemic levels. Net income margin was ±5%, historically over 20%.
  • [caption id="attachment_36416" align="aligncenter" width="849"]Spur; revenue, net income, NI margin Spur; revenue, net income, NI margin[/caption]Afrimat (JSE code: AFT) Gravenhage manganese mine deal failing due to the Water Use License being materially different. They raised ±R650million last month.
  • Purple Group* (JSE code: PPE) does a deal in Asia.
  • Kap Industrials (JSE code: KAP) good results and great insights into other industries.
  • Citi now says UK inflation to hit 18% early next year (last week they said 15%).
  • Sasol (JSE code: SOL) pays a dividend, 1470c.

* I hold ungeared positions.

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