JSEDirect with Simon Brown

Simon Shares Iron ore below US$100. Kumba (JSE code: KIO) halved since July highs. And still falling. But Q3 sales were at US$180 / tonne and even at current lows likely they get US$150 / tonne for the second half. Mid-year cost per tonne was US$26 and sale price US$165 / tonne. So the share is pricing in horror stories which likely aren't true fr the full year ending December. BUT next year will...

Offshore / US inflation, 6.2%. Core inflation highest since 1991. / Johnson & Johnson announced plans to split its company into two, separating its consumer health division from its pharmaceutical and healthcare businesses. / Elon Musk selling Tesla shares, some planned n September. Rest thanks to the Twitter poll. / Singles day in China, muted (+8.5%) but still huge, Alibaba $84.5billion / Tencen...

Simon Shares Iron ore below US$100. Kumba (JSE code: KIO) halved since July highs. Tencent (Hong Kong code: 700) results. Northam (JSE code: NPH) buys stake in RBPlats (JSE code: RBP). Telkom (JSE code: TKG) results. Purple Group* (JSE code: PPE) results.   [caption id="attachment_31661" align="aligncenter" width="888"] Purple Group daily chart[/caption] * I hold ungeared positions.

Offshore / US tapering begins / Strong US jobs data / US passes $1trillion infrastructure bill / Bank of England leaves rates unchanged / Strong Pfizer results / Elon Musk asks Twitter if he should sell 10% of his Tesla shares, and pay tax Local / Mini budget this week / Renergen reserves / Dis-Chem results / MTN update / Purple Group update / Petrol increase

Simon Shares Federal Reserve FOMC press conference Wednesday evening after a two-day meeting. Avis (NYSE code: CAR) up 50x from March 2020 lows after results. Pfizer (NYSE code: PFE) results. Ascendis (JSE code: ASC) shareholder activists now control 30% of the votes. Renergen* (JSE code: REN) announce a six-fold increase in helium reserves. Still need to raise UAS$800m or R12.3billion to get phas...

Simon Shares Tesla (NYSE code: TSLA) becomes the worlds 7th trillion-dollar company. Excellent Santova (JSE code: SNV) results. My bad pandemic crash sale. Decent Famous Brands* (JSE code: SSW) results. Implats (JsE code: IMP) wants to buy Royal Bafokeng Platinum (JSE code: RBP). Sibanye-Stillwater* (JSE code: SSW) buys two Brazilian mines for US$1billion and 19.99% investment in New Century Resou...

Offshore / Evergrande has its suspension lifted and makes an interest payment / Oil remaining stubbornly high / Inflation fears, time for gold? / Paypal maybe buying Pinterest for US$45billion / Netflix results, still growing albeit north America very slowly / Facebook getting a new name as the future is the metaverse Local / Local CPI 5% for September / Pick n Pay results / Excellent results from...

Simon Shares South Africa inflation rose to 5% in September. Food inflation is 7%, electricity 14%, and fuel almost 20%, with a large petrol price increase expected in November. These increases are partially offset by clothing inflation at 1.6%, appliances -0.4%, and housing rentals around 1% — kevin lings (@lingskevin) October 20, 2021   Wesizwe Platinum (JSE code: WEZ) went crazy after releasing...

Offshore / September, the CPI increased 5.4% after advancing 5.3% on a year-on-year basis in August. / China Q3 GDP at 4.9% / Biden announced that the Port of Los Angeles would start operating around the clock, following the Port of Long Beach's lead, to ease congestion / $2.7 Trillion in Crisis Savings Stay Hoarded by Wary Consumers / Microsoft shuts down LinkedIN in China / MTNs IHS Towers lists...

Simon Shares Murray & Roberts* (JSE code: MUR) expands in the US. The government says they'll only use locally produced cement in projects. PPC (JSE code: PPC) and Sephaku (JSE code: SEP both fly higher. But is the market right about this? We're off the UK red list, good for local hotels? Aveng (JSE code: AEG) have announced plans for a 1:500 share consolidation in December. This usually sees pric...

Offshore / US jobs disappoints, but unemployment 4.8%. / 15% global tax rate approved. / Oil continues to run higher / Reports that Malaysia is getting back on track with chip packaging sees PGMs run hard as it could be good news for vehicle production / Last Tuesday was tenth commemoration of the death of Steve Jobs. A legend and the iPhone one of the best products ever? / All facebook properties...

Simon Shares Facebook (Nasdaq code: FB), Instagram and WhatsApp all down on Monday. Evergrande is suspended. Last week it was a fat finger Purple Group* (JSE code: PPE) taking the stock down to 125c. This week it hits 225c. Murray and Robert* (JSE code; MUR) starting to move higher. Brent oil is now around $82. PGMs remains under pressure. EOH (JSE code: EOH) makes an operational profit, but the d...

Offshore / China & Europe power shortages / Brent oil trading around $80 / Merck Covid-19 pill, expected to produce 1.7 million courses for the U.S. government for $1.2B / Tesla delivered record 241,300 vehicles in the third quarter / Work-from-home forever: PwC offers US employees full-time remote work Local / Level 1 & SA expected to be removed UK red list, will tourists return? / Capitec result...

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).     * I hold ungeared positions. 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 w...

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...

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 W...

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 ec...

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...

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 : R249.9...

Offshore / Jackson Hole. Powell says nothing new. / TSMC, the world's largest maker of semiconductor chips, says it's raising its prices by about 20% / Hurricane Ida heading for the Gulf of Mexico, shutting down oil production. / China reportedly weighs ban on U.S. IPOs from domestic tech companies with sensitive data Local / Bonang Mohale and his Serialong trust converts a Purple Group loan into...

Simon Shares Jackson Hole South African GDP rebased. The economy is 11% larger than previously measured. It is still the second-largest economy in Africa, after Nigeria. South Africa unemployment 34.4%. National treasury says KZN July violence will take 0.7%-0.9% off 2021 GDP. New oil & copper ETNs Upcoming events; 02 September ~ JSE Power Hour: Picking the next winning stock 14 October ~ Investme...

Offshore / New Zealand going into lockdown, the world is getting vaccinated but the pandemic is far from over. / Pfizer expected to get full FDA approval for its covid vaccine this week. A whole new business (covid jabs & mRNA possibilities). / Tesla wants to build an AI robot / Jackson Hole this week / China securities regulator signals willingness to work with the US on audits Local / South Afri...

Simon Shares JSE is broken. 100 MW gazetted. Renergen* (JSE code: REN) update. South Africa inflation lower at 4.6% in July 2021. Tencent (Hong Kong code: 700) results. Resource stocks ex-div. But still lots of pain. Super BHP Group* (JSE code: BHP) results. New Clean energy and water ETNs listed. * I hold ungeared positions. Upcoming events; 19 August ~ JSE Power Hour: BEE shares and the JSE 02 S...

Offshore / US inflation comes in as expected / Britain's GDP grew by 4.8% in the second quarter of this year, leaving the economy just 2.2% below its pre-pandemic level / Google employees who work from home could lose money / US infrastructure bill moving forward / India to unveil US$1.35trillion infrastructure bill Local / 100mw power generation laws gazetted / Naspers / Prosus swap is unconditio...