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Simon Shares Trading updates from Truworths (JSE code: TRU) and Foschini (JSE code: TFG) both saw sales decrease for the period ending both saw sales down. But not down as much as expected and hence the stocks went wild. Truworths was up some 25% in two days. More than anything this is because expectations were dire. That said I'm not convinced, th…
 
Offshore / Biden starts Wednesday, already has $1.9trillion stimulus plan / Japanese market at 3-decade highs / Chinese GDP +2.3% for 2020 / Rhodium above $20k / US won’t ban investing into Alibaba, Tencent and Baidu / JPMorgan results knock it out of the park Local / Brasher exits Pick n Pay / Murray & Roberts OZ contract / Truworths trading updat…
 
2021 predictions show Every year Marc Ashton, Keith McLachlan and Simon Brown do a predictions show. Three wild and woolly predictions for the markets followed by a call on the Top40 and ZAR for the year ahead. Importantly we start each show with a review of the previous year's predictions and you’ll find the 2020 predictions show here. Subscribe t…
 
Simon Shares Trellidor* (JSE code: TRL), I've been buying. We've seen DIY stocks doing well and small SA Inc shares surprise to the upside and I think this could be one of them. Interim is end December so an update should arrive mid-February. Sygnia (JSE code: SYG) results were really good. This stock was very expensive at listing and above 2400c i…
 
Offshore / US$908billion stimulus plan proposed for the US / US markets at new highs / Salesforce buying Slack for US$27.7billion / Pfizer vaccine starts being administered this week in the UK / Oil moving higher / Gold bounces need to get above US$1,860 Local / Sasol update, likely rights issue will be smaller / Locusts in NC, WC & FS and returnin…
 
Simon Shares Really strong November for stocks. France and Italy had their best months ever, S&P500 +11% and JSE +10%. The Pfizer / BioNTech vaccine has been approved for use in the UK starting next week. Limited supplies so front line workers and old people first. But this is good news and suggests that the news for 2021 will be more about rolling…
 
Offshore / U.K. economy is forecast to contract by 11.3% this year, "the largest fall in output for 300 years," Chancellor Rishi Sunak tells MPs / Musk now the worlds second richest person / Janet Yellen tipped for Biden cabinet as Treasury Secretary / China imposing tariffs on Australia, especially their wine. / Down Jones trades above 30,000 for …
 
Simon Says Another week another vaccine. U.K. economy is forecast to contract by 11.3% this year, "the largest fall in output for 300 years," Chancellor Rishi Sunak tells MPs. US Jobless Claims +30K To 778K In Nov-21 Week, secondly weekly rise. Continuing Claims -299K to 6,071,000 for Nov-14 week. Dow Jones trades above 30,000 for the first time on…
 
Offshore / Another Monday another vaccine ~ Moderna / 12 million Americans are on track to lose unemployment benefits in December if Congress doesn't extend key programs that were part of the CARES Act passed in March. / JPMorgan forecasts negative GDP in the first quarter, the first Wall St. bank to begin forecasting a negative reading. JPM expect…
 
Simon Shares Another week, another vaccine. This time from Moderna and also using the Messenger RNA as does the Pfizer / BioNTech vaccine. Stor-Age* (JSE code: SSS) results very solid. Wilson Bayly Holmes (JSE code: WBO) results not great as Australia hurts, again. Raubex (JSE code: RBX) announces an R2.87billion contract win from Sanral. Strong Sp…
 
Offshore / Pfizer/BioNTech vaccine news / U.K. economy expands by 15.5% in the third quarter, the most on record yet adds another Sterling150billion in stimulus / Disney reports first loss in 40 years, but Disney+ hits 73m subs / Emirates eyes return to profitability in 2022 only / Deutsche Bank proposes a 5% tax for people still working from home …
 
Simon Shares US elections, everybody nows who won except the orange one and the GOP. Vaccine news from Pfizer and BioNTech has changed market behaviour. Banks and consumer stocks now the rage while tech and gold is falling. Locally banks are flying. Fini15 daily chart Interesting to see the JSE All Share up circa 14.4% over the last 6. months yet i…
 
Simon Shares US Election results pretty much playing as expected. Trump doing well in early counting but some important states still to come but he has declared victory and is heading for the courts. Upcoming events; 05 November ~ JSE Power Hour: Searching for income 19 November ~ Twenty years of ETFs Subscribe to our feed here Subscribe or review …
 
Simon Shares Distell Group (JSE code: DHG) issued a solid update albeit short on numbers with one exception. They reduced net debt by some R1.7billion which is a massive number. Pick n Pay (JSE code: PIK) is heading into Nigeria and the market is worried as Nigeria is littered with the bodies of corporate South Africa. But they are doing so in smal…
 
Simon Shares PPC (JSE code: PPC) results. The $150million debt in the DRC is the problem. If they solve that they'll do a rights issue. If not they're bankrupt. The president's speech on Thursday should give them some hope as he likely promises lots of energy and infrastructure spending. Balwin (JSE code: BWN) results. Not bad considering, they pai…
 
Offshore / The Congressional Budget Office estimates that, for the 2020 fiscal year, the U.S. deficit will be $3.13 trillion (15.2% of GDP). This number would cause the total U.S. national debt to come in at 102% of GDP in 2020, the first time since 1946 that the U.S. debt has been larger than its economy. / A new stimulus package on or off the tab…
 
Simon Shares How to fix the JSE, some great ideas by Keith McLachlan. SARB buys R39.4billion of local government bonds in the secondary market in September. French Canal+ takes 6.5% stake in Multichoice (JSE code: MCG). Shoprite* (JSE code: SHP) says their loyalty program is a huge part of them gaining R4billion in market share? Launched a year ago…
 
Offshore / Trump Covid-19 with elections 4 weeks away. / US unemployment 7.9% / Disney to lay off 28,000, American Airlines 19,000 & 12,000 United Airlines / Palantir lists with direct listing / Airbnb listing progressing with $20billion valuation Local / Unemployment numbers / August CPI 3.1% / Capitec results / Alviva results / Ascendis Health re…
 
Simon Shares Day 188 of lockdown. August CPI 3.1%. Everybody now suddenly knows about the expanded unemployment rate? Capitec* (JSE code: CPI) results were as always solid. Hit hard by the pandemic, but resilient. Valuations are rich, as always. Alviva (JSE code: AVV). Remember old Pinnacle, once a darling and then hit by claims of dodge tenders. T…
 
Simon Shares Day 181 of lockdown. The Tongaat (JSE code: TON) deal to sell their starch unit to Barloworld for R5.35billion is happening and the Tongaat share price loved the news. We're seeing a strong bounce locally while the US markets are also having a better run, risk back on (for now). But what was odd was gold. It didn't run as stocks were s…
 
Offshore / BoE, Fed and BOJ all left rates unchanged, BoE ‘explores’ negative rates. / TikTok deal with Oracle (and Walmart) confirmed. / Wechat ban from midnight, 3.3million users in America and China threatens to expand its “unreliable entities list”. But “TRUMP'S PROHIBITION ON WECHAT IN U.S. IS PUT ON HOLD BY JUDGE” / OECD ups global 2020 gdp, …
 
Simon Shares Day 174 of lockdown. Level 1? The Foschini Group (JSE code: TFG) trading update spooked the market, but it was the six months to end September. In other words, all lockdown. African Rainbow Capital (JSE code: AIL) results including an R750million non-renounceable rights issue. Trading at some 75% discount to the net asset value (NAV). …
 
Offshore / US markets remain volatile as Nasdaq has worst week since March / LVMH Tiffany deal is off/delayed / Brexit talks going all messy / UK economy grew 6.6% in July as gradual recovery continues / Opec turns 60 Local / Q2 GDP -51%, or -16.4% / Firstrand results / Shoprite results / Aspen sale & results / Zeder CEO quits and the company is lo…
 
Simon Shares Day 167 of lockdown. Local Q2 GDP -16.4% (-51% if you annualise it). Makes us one of the worst-hit economies for Q2, not surprising as we did very hard lockdown. Now to get out of the hole and that's going to be the hard part. Of our three main political parties, the honest answer is none of them really have a workable economic policy …
 
Offshore / US unemployment 8.4% (Temporary Census work (+238,000 jobs) accounted for around one-sixth of the August gain of 1.4 million jobs) / Thursday sell-off with Friday red, but less bad. Monday closed for labour day. / India bans another 188 Chinese apps / Carnival Corporation's Costa Cruises to Restart Cruise Operations This Weekend out of I…
 
Simon Shares Day 160 of lockdown. Northam (JSE code: NHM) results had two comments that caught my attention. They are aggressively buying back their Zambezi pref shares (JSE code: ZPLP). The second was that the amount of rhodium used in a single catalytic converter was 0.3g in 2015 and will be 0.45g in 2025. A 50% increase that supports the price i…
 
Offshore / Tesla and Apple stock split today / Changes to the dow Jones; Salesforce.com will replace Exxon Mobil, Amgen will replace Pfizer and Honeywell International will replace Raytheon Technologies / Reports that Walmart and Microsoft liked up to buy TicTok / ADP Employment Report on Wednesday / New Zealand exchange closes three times last wee…
 
Simon Shares Day 153 of lockdown and Covid-19. Pro-active passive management Investec USD SP500 Autocall Upcoming events; 03 September ~ JSE Power Hour: Under the hood of a passive robo advisor Subscribe to our feed here Sign up for email alerts as a new show goes live Master Drilling (JSE code: MDI), strong and monster cash generation which shows …
 
Offshore / New highs for the S&P500 (and Nasdaq) / Between the market high on Feb. 19 and new high on Aug. 18, 38% of stocks in the index made gains while the remaining 62% posted losses / Apple hits US$2trillion and gets into a fight with Fortnight / Ryanair cuts September, October capacity by 20% on weak bookings / Japan’s economy shrank by nearl…
 
Simon Shares Day 146 of lockdown and Covid-19, new cases definitely on the decline and hence we're now in level 2. S&P500 closed Tuesday at all-time highs. Sasol (JSE code: SOL) after liking the update the market does not like the results. Truworths (JSE code: TRU) has now written down GBP231million of the GBP256million they paid for Office in 2015…
 
Offshore US Retail sales disappoint - rise 1.2% in July vs 7.5% gain in June But new unemployment claims finally drops below 1million, the first time in 21 weeks UK GDP horror Chinese retail sales dropped 1.1% YoY, for the 7th seventh month US stimulus (trump EOs) Tesla 5:1 split via a special dividend Airbnb is filing for IPO this month with plans…
 
“This week’s episode of JSE Direct is courtesy of IG, our preferred supplier in trading products.” Simon Shares Day 139 of lockdown and Covid-19, new cases definitely on the decline. Clicks (JSE code: CLS) trading update again shows that this company is a machine. Revenue +10% for the 49 weeks to 9 August 2020. Residential property, at the lower en…
 
“This week’s episode of JSE Direct is courtesy of Outvest, our preferred supplier in retirement products.” Simon Shares Day 132 of lockdown and Covid-19, new cases definitely on the decline. Pick 'n Pay (JSE code: PIK) update was somewhat of a horror show, but I'm not sure what the market was expecting. It is for the period of lockdown and includes…
 
Offshore / US earnings season / Q2 GDP data is coming in at about -10% / US jobless claims remain stuck at around 1.4million and CARES has ended, albeit congress is in talks / Alphabet says WFH until summer 2021 & Zuckerberg says there’s ‘no end in sight’ for Facebook employees WFH / Big tech results (Amazon, FB, Alphabet & Apple) knock it out the …
 
Simon Shares Day 126 of lockdown and Covid-19, cases may be moderating? Sasol (JSE code: SOL) sells some assets for R8.5billion and the stock is up over 12%. The sale is SA gas operations at Secunda. A sale and leaseback as Sasol only customer. But gets Sasol cash to pay down debt so good news short term, less so long-term. Korean websites also rep…
 
Offshore / 1.42 million Americans applied for unemployment benefits in the week ending July 18, up from 1.3 million a week earlier / Gold through $1,900 / EU leaders have agreed to a €750b ($857b) stimulus package (US is in talks for their next round of support) / Tesla into sp500 / Results; Microsoft msft & Intel intc Local / MPC rate cut / IMF lo…
 
Simon Shares Day 119 of lockdown and Covid-19, cases may be moderating? Monday is 4 months of lockdown. Quantum Foods (JSE code: QFH) is coming back to earth after 1157c last Friday. Tech stocks in the US are flying. Expensive? yes, but. They have solid earnings, a moat and lots of new products they can roll out. Very solid Datatec (JSE code: DTC) …
 
Offshore / US jobless claims remain at around 1.3million / Netflix drops 9% on weak Q3 guidance. / Jamie Dimon’s warning for the U.S. economy — nobody knows what comes next / Amazon stock had its worst week since February / Fiscal Cliffs Threaten Fragile U.S. Recovery as stimulus expires late July / Qantas has removed all of its international fligh…
 
Simon Shares Day 112 of lockdown and Covid-19 cases are still spiking in South Africa and no drink again. Load shedding. An economy on its knees now without power. Quantum Foods (JSE code: QFH) still booming as Astral (JSE code: ARL) buys a 6.42% stake to protect their broiler supply. Bell Equipment (JSE code: BEL) trading update says HEPS to least…
 
Offshore / Germany saves. Total retail deposits rose by €22.4bn in Apr and hit fresh All-time high at €2.46tn. The volume of retail bank deposits has doubled within 18 years. / German production and export data disappoints as they have nobody to sell to in a lockdown world. / Warren Buffett’s Berkshire buys Dominion Energy natural gas assets in $10…
 
“This week’s episode of JSE Direct is courtesy of IG.com, our preferred supplier in trading products.” Simon Shares Day 105 of lockdown and Covid-19 cases are still spiking in South Africa. Omnia (JSE code: OMN) results. Suddenly everybody wants to own cyclical Quantum Foods (JSE code: QFH). Standard Bank ETNs are expiring next month. Gold stocks a…
 
Offshore / US unemployment 11.1% / Tesla now largest motor company in the world / Advertisers bailing on facebook / Goldman Lowers U.S. GDP Forecast, Sees 4.6% Contraction in 2020 (was 4.2%) / Fitch has downgraded a record number of sovereign ratings due to the coronavirus. 33 downgrades, 40 negative watch / Brexit talks started up again Local / Q1…
 
Simon Shares “This week’s episode of JSE Direct is courtesy of OUTvest, our preferred supplier in retirement products.” Day 98 of lockdown and Covid-19 cases are spiking in South Africa. Local GDP for the first quarter came in at -2%, helped by agriculture +27.8% For the first time since July 2019, PMI respondents expect conditions to improve in si…
 
Offshore / US existing home sales fell 9.7% the lowest level since October 2010. US jobless claims dropped to 1.48m / Wirecard into bankruptcy. EY never checked the bank account of the missing cash for 3 years. / HS Markit’s Eurozone PMI Composite Output Index rose to 47.5 in June, / Microsoft permanently shutting retail stores / Nike reports unexp…
 
Simon Shares Tencent hit a new all-time high on Tuesday and again on Wednesday pushing Naspers (JSE code: NPN) and Prosus (JSE code: PRX) higher and helping the JSE overall. Gold seems to be breaking up out of the consolidation zone it has spent the last few months trading in. Good German PMI data, still under 50, but only just again suggests that …
 
/ Wirecard and the missing $2.1bn / Hertz decides NOT to issue shares while under chapter 11 / Reports on Sunday that British Finance Minister Sunak plans emergency cut in value-added tax / Index rebalancing in the Russell indices sees nearly half of the stocks being promoted to the Russell 1000 from the Russell 2000 will be healthcare names. / App…
 
Simon Shares Here's a gem from the Herenya Capital Advisors Twitter account, albeit Remedica is up for sale and we've had lots of early hype on drugs that quickly fizzled out. Ascendis Healths subsidiary Remedica manufactures Dexamethasone which apparently helps combat severe cases and is being approved by the NHS. pic.twitter.com/XUw9VPHwdg — Here…
 
Offshore / China's PPI down 3.7% in May and factory output rises less than expected, retail sales continued to contract in May. / Fed kept interest rates flat and cautioned they expect conditions to remain tough into 2022. GDP 5% in 2021 and unemployment 5.5% in 2022 o S&P500 dropped -4.8% last week but remains +8.1% this month, o Nasdaq dropped -2…
 
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