JSEDirect with Simon Brown

Offshore / Coinbase lists / China Q1 GDP 18.3% / Reports Jack Ma will divest from Ant Group / Gold looking strong, but miners lagging (Rand strength?) / Just more than half of U.S. adults have gotten at least one COVID-19 vaccine dose ~ CDC Local / Rand strength / Karoooo lists on Wednesday / Capitec results / EOH looking better / Sasol goes green / Local CPI later this week

Simon Shares New Global ESG ETF from Sygnia . Anglo American (JSE code: AGL) to list their coal assets, Thungela Resources. Comair has finally been delisting from the JSE and shareholders will receive 4.26c per share. * I hold ungeared positions. Upcoming events; 15 April ~  Everything ETFs and tax-free investing Subscribe to our feed  here Subscribe or review us in  iTunes Capitec and Purple Grou...

Offshore / New highs for S&P500 & Nasdaq / Yellen wants global minimum corporate tax rate / Semi conducter chip shortage continues to hurt production / China slaps Alibaba with $2.8 billion fine in anti-monopoly probe / Goolge pushes back on WFT, wants staff back in the office from September Local / Prosus sells another 2% of Tencent / Purple results / IMF says local GDP 3.1% in 2021 and 2% in 202...

Simon Shares Prosus (JSE code: PRX) selling another 2% of Tencent. Purple* (JSE code PPE) trading update for six months ending February. HEPS of about 0.85c. They did 1.54c HEPS for full-year ending August after a loss in the first half last year. So this period showing slower growth. Growthpoint (JSE code: GRT) announced that their healthcare fund tops R3.2bn with Cintocare Hospital acquisition....

Simon Shares PPC (JSE code: PPC) have made a deal with their DRC lenders. They potentially owed US$175million but now are only on the hook for US$16.5million. This stock was 60c in November and is now around 240c. Renergen* (JSE code: REN) says helium concentration is +3%. But reference the US has the current best concentration level at 0.35%. Sabvest (JSE code: SBP) results show a discount to net...

Offshore / S&P500 closes at all-time high, Nasdaq still 6% off highs / US Personal Spending fell 1.0% in February, slightly more than expected, but January spending was revised upward by a full percentage point to 3.4%. / Ever Given remains stuck in Suez Canal / Intel to build new silicon chip fab plants for $20bn / Tencent results / WeWork to go public, via a Spac, with $9bn valuation Local / CPI...

Simon Shares AdvTech* (JSE code: ADH) solid results in a tough market. Vivo Energy (JSE code: VVO) issued an update on Moroccan industry review and seems it's back to square one. Resilient (JSE code: RES) results not the horror show expected. Aveng (JSE code: AEG) wants to do another rights issue, again at 1.5c and raise R100m. Tencent solid results. Ever Given gets stuck in the Suez Canal. Februa...

Simon Shares Shoprite* (JSE code: SHP) delivered really strong results for the six months ending December. Shoprite daily chart[/caption]Purple* (JSE code: PPE) is up some 20% in the last ten days. A buyer has arrived and thanks to low liquidity they're moving the price. Good update from AdVTech* (JSE code: ADH) and results fro Stadio (JSE code: SDO) while Curro (JSE code: COH) was modest. Seems t...

Offshore / $1.9trillion stimulus bill signed by Biden and on route / Tencent on notice as China cracks down on fintech players / The tech-heavy Nasdaq has underperformed the Dow for four straight weeks — a first since 2016 / Friday 1,357,111 people were screened at U.S. airports, marking the highest number of travellers since the pandemic began. / U.S. 10 Year Treasury hits 1.625 / Huawei listed a...

Simon Shares Ascendis (JSE code: ASC) lenders are flexing their muscle. Back in February L1 Health, Blantyre bought enough debt to be able to block any asset sales and with over R7billion in debt Ascendis desperately needs to sell their European crown jewels. There is now a forbearance agreement in place until the end of April by when the company needs to have sorted out their debt. A rights issue...

Offshore / NFP added 379k jobs (large beat) and US unemployment 6.2% (at this pace it'll take until April 2023 to get back to where we were in February 2020) / $1.9trillion stimulus bill approved by Senate / China sets 6% 2021 GDP target / Germany charges Steinhoff execs / UK taxes going up to highest in 50 years / Nasdaq is red year-to-date Local / One year of Covid, ZAR 40c weaker, Top40 +20% (b...

Simon Shares A great research report on Blue Gem covering Renergen (JSE code: REN) . What I really like about the report is that Keith shows you all his workings so you can make your own call on his working and decide. Spur (JSE code: SUR) were a horror show, no surprise it was the six months to end December with all the various lockdown levels. Two things struck me. They're positioning themselves...

Offshore / US Durable Goods Orders Surge In January To Pre-COVID Highs / FB to pay Australian media / Latest Warren Buffet letter / Warren Buffett's $10 billion mistake: Precision Castparts / House passes $1.9 trillion Covid relief bill, sends it to Senate / Opec+ meets on Thursday Local / Budget / Sasol results (no rights issue) / TymeBank gets R1.6bn / Goldfields gets go-ahead to build 40MW sola...

Budget 2021 with AJM Tax I was again invited to moderate the AJM Tax post-budget panel with three excellent guests; Pieter Janse van Rensburg – AJM Tax Daniel Silke - Political Futures Consulting Adriaan Giessing – Seed Investments You can download the AJM Rax budget highlight booklet here . Subscribe to our feed  here Subscribe or review us in  iTunes Upcoming events; Weekly, Wednesday at 5.30pm...

Offshore / Australia fight with Google and Facebook / Uber loses appeal in UK, drivers are workers not independent contractors / Former Bank of England Governor Carney joins board of digital payments company Stripe / US return to Paris Agreement / US jobless claims up to four-week high / Gold under pressure as it trades at lowest levels since June Local / Sibanye Stillwater results / Truworths res...

Simon Shares Interesting titbit from TigerBrands (JSE code: TBS) update "It is too early to conclude whether the lower consumer demand levels evident in the month of January reflect an even more challenging environment than what was experienced over the past year." Upcoming events; Weekly, Wednesday at 5.30pm ~  Follow the Trader 18 February ~  Everything ETFs and tax-free investing 04 March ~  Th...

Offshore / Disney results all about Disney+ / Tesla puts $1.5billion into Bitcoin / Janet Yellen warns of 'explosion of risk' from cryptocurrency markets / Bumble IPO with 60% gain on the first day / Platinum above $1,200 for first tine in six years / Freeze Sends Gas Soaring to $600 Local / More small-cap updates surprise to upside; Trellidor & Metrofile / Itatile results / ARB Holdings results,...

Simon Shares Bitcoin* hits US$48,000 as Tesla declares they put US$1.5billion into the crypto. Platinum finally on the move and above US$1,200 for the first time since 2015. [caption id="attachment_24687" align="aligncenter" width="888"] Platinum weekly chart[/caption] Sibanye Stillwater* (JSE code: SSW) best illustrates the boom in mining profits. In 2019 they made R62million now 2020 they expect...

Offshore / Nasdaq & S&P500 close Friday at all-time highs / Alphabet & Amazon results / US unemployment drops to 6.% / Jeff Bezos to step up to the executive chair, no longer CEO / Chinese short video company Kuaishou rose nearly 200% at the open on its debut in Hong Kong. Local / Ford investment of R15.8-billion into SA / Updates; Distell & Motus / Level 3 lite / Sibanye Stillwater update, R62mil...

Simon Shares GameStop closed at US$90 on Tuesday. Jeff Bezos to step down as Amazon CEO. Apple knockout results. Ford to spend R15.8billion on local plant upgrade. Upcoming events; Weekly (Wednesday at 5.30pm) ~ Follow the Trader 18 February ~ Everything ETFs and tax-free investing Subscribe to our feed  here Subscribe or review us in  iTunes Booming SA Inc. consumers? We're seeing decent updates...

Offshore / GameStop / Results; Apple & Tesla / Tencent listing Kuaishou (TikTok competitor) this week / US 4th quarter GDP at 4% / Davos online Local / IMF downgrades SA GDP 2021/2 growth forecast / Huge offers script to buyout AdaptIT / Anglo stable of updates (AGL, AMS & KIO) / Clicks update and closing Musica / Solid Sasol update / Johnson & Johnson vaccine, Aspen to produce 300m a year

Upcoming events; 18 February ~ JSE Power Hour: ETFs and tax-free investing GameStop perfect craziness Three things came together to push this stock up +20x in a week; Massive short position Option buying Markets love stories Simon dissects the three explains how it all played out and why it is perfectly legal. [caption id="attachment_24640" align="aligncenter" width="678"] GameStop daily chart[/ca...

Offshore / Netflix results / Weak IBM results / Tesla results this week / US GDP (4th quarter) / Federal Reserve rate statement on Thursday / Procter & Gamble solid results & increasing buy backs by $2billion to $18billion Local / Chris Griffith Kumba ==> Anglo Plat ==> now Goldfields / BAW selling motor division for R947m / MPC no surprise but vote was 3-2, with 2 for a hike. / Redefine to pass o...

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, the lockdown was increased post the period end and a...

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 update / J&J vaccine details expected this week, good n...