JSEDirect with Simon Brown

Retire well, we're chatting with retirees about what they've learnt and any tricks they can pass on. US Inflation Trends: US inflation has remained stagnant at 3.2% since June of the previous year, defying expectations. Despite initial projections, inflation has not reached the anticipated 4% mark, staying just above 3%. Discussion on potential implications for the economy and monetary policy, inc...

  Shoprite* Results and Market Comparison Discusses the recent Shoprite results, emphasising excellent performance against a high base. Highlights Shoprite's significant CapEx spending, customer savings, and market share gains. Compares market cap of Pick n Pay and Shoprite, pointing out the latter's cash reserves. Reflects on the historical revenue comparison between Shoprite and Pick n Pay over...

Nikkei 225 reached a new all-time high after 35 years Historical context: peaked in December 1989, 82% drawdown by March 2009. Factors contributing to the 80s crash: Yen protection, low rates, speculative bubble. Current challenges: aging population, economic complexities, recent inflation. Investment options: Sygnia JP (SYGJP) - JSE-traded, and Investec's structured product. Warren Buffett's Annu...

Budget 2024 panel. For the last many years AJM Tax has done a post budget panel which includes Simon Brown and this year was no different. Hosted in Cape Town the panel was; Karyn Maughan, senior legal journalist at News24 Dr Albertus Marias, Director AJM Tax Azhar Varachhia, Managing director Alpha plus Capital Simon Brown, Just one Lap and MonewebNOW Below is the AJM Tax one pager of budget high...

Pick n Pay* Chart Analysis Resistance zone around 26, potential to touch 26.70 Higher highs, higher lows, horizontal resistance Target: 30 bucks to fill the gap Comments on Pick n Pay's potential under Sean Summers No need for a rights issue, potential market spook if it happens Simon's position: Started building, considering more Current status: Down 1.7%, trading at 25.30 Pick n Pay close 13Feb2...

Disney results: Last week's big story was about tech, starting with Disney, a stock recommended here back in September at ±$80 . Key financials: Linear networks revenue up 9%, Direct-to-consumer up 12%, Parks up 16% Direct-to-consumer still incurred a loss of $400 million Consumer products, content sales licensing, and ESPN performance discussed Overall, not a knockout result but not terrible; I r...

Breaking News: Canal+ Offer for MultiChoice: Canal+, French TV business, offers 105 rand per share for MultiChoice minorities. Synergies between the two businesses. Legal considerations regarding foreign media ownership. MultiChoice closed at 75 rand; market likely to respond positively. Market Updates: Hyprop reports positive festive trading for its tenants. Transaction Capital plans to list WeBu...

dd Introduction: JSE Direct Episode 571 for January 25, hosted by Simon Brown. Simon introduces the idea of transitioning the podcast to a live format using Riverside, allowing viewers to see charts and interact during recordings. Market Updates: Richemont*: Stock surged 10% on better-than-expected trading update. Identified as an opportunity last year when it pulled back to R2,500. Trading at R2,...

In this episode of JSE Direct, Simon Brown discusses various market topics, including the bleak outlook of the Hang Seng Index due to Chinese GDP results. Positive news for Grindrod with the Maputo Port Development Company's impressive performance. The rise in uranium prices driven by increasing demand for nuclear power plants, he found two US listed ETFs benefiing from this trend. [caption id="at...

Now for the eleventh year in a row, we kick off the new year with a prediction show. Marc Ashton ,  Keith McLachlan  and  Simon Brown put their heads on the block with three wild and woolly predictions for the markets for 2024 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 2023 predicti...

Position your portfolio for 2024. Top local ETFs for 2023. Simon Shares Transaction Capital (JSE code:TCP) results swung into a massive loss, no surprise. SA Taxi loss making but overall H2 was better then H1 in all three divisions. Purple Group* (JSE code: PPE) results also swung into a loss. But as a discretionary consumer business, why is everybody so surprised? Average client has 1.45 products...

Share buybacks and stock compensation, the bad and the ugly Share buybacks are good right? The company uses their free cash to buyback shares which reduces the number of remaining shares such that each share has a higher claim over future profits which adds to their value. Further they're tax efficient in that paying dividends results in dividend tax. BUT; Firstly, in cyclical stocks you need to b...

The problem with telcos I have long said that telcos such as MTN (JSE code: MTN) and Vodacom (JSE code: VOD) is that they are essentially utilities and should be priced as such. But actually that statement is wrong. Sure voice (who still calls using voice?) and data are utilities like water and electricity. BUT the telcos have a problem, capex. Yes we're using more and more data but prices keep co...

Updating minister Gordhan's portfolio Public Enterprises Minister Pravin Gordhan has declared his holdings , we reviewed his portfolio last time in April and there are some interesting changes, he is fairly active in buying and selling. Most notable is the total value is up almost R2million? Simon Shares Purple Group* (JSE code: PPE) have introduce a platform fee. Certain behaviours will see the f...

Living small, an update Back in 2017 Simon and his wife down scaled into a small (relative) apartment and also got rid of one of their cars again. As they now move again Simon updates in their experience of living small. Simon Shares Famous Brands (JSE code: FBR) results. Revenue up and HEPS lower. TigerBrands (JSE code: TBS) loses their CEO and posts a decent trading update. Jamie Dimon said cent...

hh Renergen* (JSE code: REN), now what? Late September the price started breaking down and end September a Tweeter started posting about them. I'm not going to defend every point raised, that's the job of the company and after an initial poor response, Monday saw a more detailed SENS. Paid research. Ultimately all research is paid for. Sometimes it is paid for by the company and here the issue is...

There are bold traders. here are old traders. There are no bold and old traders. Bold traders What is a bold trader and why do they die out? Wild swings for the fence No position size management Stop loss for losers Enter outside of system and process Simon Shares Famous Brands (JSE code: FBR) trading update, Spur (JSE code: SUR) really has taken the mantel of best QSR/restaurant business on the J...

US 10-year yields highest since 2007 Bad news all round (unless you buying). Almost 40% of US government debt expires in the next four years and will be re-issued at markedly higher rates, 9x higher in some cases. Money flowing into US bonds for yield. This sees less money entering the stock market Sees a stronger US$ (check DXY strength, all currncies weaker against US$) Hits valuations lower as...

Simon Shares Shoprite* (JSE code: SHP) results "2023 was extraordinary". Chart by Koyfin 15% discount for first 2 years Richemont (JSE code: CFR) getting interesting, let's see if support holds. [caption id="attachment_40005" align="aligncenter" width="849"] Richemont weekly ~ 07Sep23[/caption]Nampak (JSE code: NPK) nil paid letters are trading, code NPKN. Remember either sell them or take up the...

Simon Shares Bidcorp - excellent AvdTech* - really good, stock at all-time highs Stadio - good student growth Motus - poor HEPS, good dividend Woolies* - not bad, but wow only got R1.1billion for David Jones Sasol - impairments galore Adcock Ingram - capacity utilisation is weak Aspen - good second half KAP - tough out there Super Group - strong numbers * I hold ungeared positions.

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 (...