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JSE Direct with Simon Brown

JustOneLap.com

10
Followers
20
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JSE Direct with Simon Brown

JSE Direct with Simon Brown

JustOneLap.com

10
Followers
20
Plays
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About Us

All about investing on the JSE with Simon Brown. Every Thursday.

Latest Episodes

Bitcoin is tiny, even at the highs (#426)

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 Tuesday & S&P500 closed at a new all-time high. Dow 20,000 was 25 January 2017 and 10,000 29 March 1999 (12,000 was September 2007). Lewis (JSE code: LEW) results with a 133c interim dividend. Double that for the full year makes for a yield fo some 11.9%. Stor-Age* (JSE code: SSS) offering their dividend as cash or new shares issued at 1240c. People asking what I'm doing? Taking the shares. Adcorp (JSE code: ADR), stock was 130c on 15 October ahead of their trading udate. Results in Wednesday saw it trading at 600c [caption id="attachment_24206" align="aligncenter" width="888"] Adcorp Daily[/caption] * I hold ungeared positions. Upcoming events; 03 December ~ JSE Power Hour: Position your portfolio for 2021 Subscribe to our feedhere Subscribe or review us iniTunes Bitcoin is tiny, even at highs Disclaimer upfront, I have been buying Bitcoin because I like to own things that are going up, my average entry price is R204k. This is a trade, so I will take my money at some point. Looks certain to make new all-time highs and US$20k surely sooner rather than later. Not a bubble this time, as it was in 2017. That doesn't mean can't collapse or can't become a bubble. Interestingly the narrative has changed, the talk of Bitcoin for payments, something I said was a long long way off, is no longer the biggie. Now it really positioning itself as an alternative asset. Remember how blockchain would save the world? But here's what was really interesting to me, the market cap of Bitcoin. ±US$400billion! Less than Tesla, in fact very tiny. Consider how many exchanges, blogs, shows and chatter about this one asset that is so very small. The size also restricts large institutions getting involved. For comparison, gold is about US$9trillion, NYSE about US$30trillion and total US debt US$27trillion. JSE – The JSE is a registered trademark of the JSE Limited. JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

20 min2 d ago
Comments
Bitcoin is tiny, even at the highs (#426)

Market Standard 23 November 2020

Offshore / Another Monday another vaccine ~ Moderna / 12 millionAmericans 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 expects the economy to bounce back in / Amazon moving into the pharmacy business / Boeing 737 Max is back / Bitcoin heading for new highs & FSCA proposes making cryptocurrencies an asset class. Local / Moody’s & Fitch downgrade SA further into junk. / Somebody wants City Lodge East Africa hotels / Results; Stor-Age*, Astral Spar

55 min5 d ago
Comments
Market Standard 23 November 2020

Owning unlisted shares (#425)

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 Spar (JSE code: SPP) results. Boeing 737 MAX 8 returns to skies as FAA lifts grounding order. Brait (JSE code: BAT) net asset value 771c (based on 9x EV/EBITDA), share price 388c. [caption id="attachment_24160" align="aligncenter" width="888"] Brait monthly chart[/caption] * I hold ungeared positions. ETF: Low fees double your investment* Upcoming events; 05 November ~JSE Power Hour: Searching for income 19 November ~JSE Power Hour: Twenty years of ETFs Subscribe to our feedhere Subscribe or review us iniTunes Owning unlisted shares In the last few years, we've seen a bunch of stocks being delisted from the JSE and in pretty much all cases e...

20 min1 w ago
Comments
Owning unlisted shares (#425)

Market Standard 16 November 2020

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 after the pandemic / DoorDash files IPO plans, NYSE listing Local / Lockdown level 1 lite? / Growth Point raises R4.3billion / SA’s unemployment rate 30.8% in Q3 / Sun International update gives great insight into leisure locally. / Telkom results / MultiChoice results

61 min1 w ago
Comments
Market Standard 16 November 2020

Bombastic billionaires (#424)

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 its biggest constituent Naspers only up 3.71% over the same period. A lot of underlying and broad strength. @SimonPB @CAPITALSIGMAza @smalltalkdaily — Mark Tobin (@mtobinwex) November 11, 2020 Searching for income Upcoming events; 05 November ~JSE Power Hour: Searching for income 19 November ~JSE Power Hour: Twenty years of ETFs Subscribe to our feedhere Subscribe or review us iniTunes Bombastic billionaires* Somebody strikes it big in one field, and now they think they're the smartest person in any field. A CEO of a successful company leaves to start a new company, they just assume it'll work and investors believe them. We see this all th...

18 min2 w ago
Comments
Bombastic billionaires (#424)

Market Standard 09 November 2020

Offshore / US elections over / US unemployment rate 6.9% / Ant IPO cancelled / BoE no change & QE increased by £150 billion to £895 billion / Berkshire Hathaway bought back a record $9 billion in stock in the third quarter Local / Rand strength / Results; Dis-Chem, Richemont & Foschini / Aspen vaccine JV with J&J

60 min2 w ago
Comments
Market Standard 09 November 2020

Finding infrastructure stocks (#423)

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 feedhere Subscribe or review us iniTunes Finding infrastructure stocks Globally one of the key responses to the pandemic is and will be, infrastructure spend. Who are the potential winners? PPC (JSE code: PPC) Sephaku (JSE code: SEP) Reunert (JSE code: RLO) Consolidated Infrastructure Group (JSE code: CIL) WBHO (JSE code: WBO) Murray and Roberts (JSE code: MUR) Aveng (JSE code: AEG) Raubex (JSE code: RBX) Afrimat (JSE code: AFT) Brikor (JSE code: BIK) Stefanuti Stocks (JSE code: SSK) Kumba (JSE code: KIO) ArcelorMittal SA (JSE code: ACL) JSE – The JSE is a registered trademark of the JSE Limited. JSE Direct is an independent broadcast and is not endorsed or affiliated ...

20 min3 w ago
Comments
Finding infrastructure stocks (#423)

A robust strategy (#422)

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 smaller regional malls and not going big, so if it fails it won't be costly. The Standard Bank (JSE code: SBK) update fits in with news out of a press conference of last week. 90%-95% of loans that took payment holidays are back and paying. A sold number, but it does show lenders are not yet out of the woods. Absa changing their distribution policy for the NFGOVI (tracking the top 10 bonds issued by the South African Government). Instead of reinvesting they will now payout distributions. Very strong update from Cashbuild (JSE code: CSB) with Q1 revenue up 22% and stock is up some 9% in the news. Upcoming events; 05 November ~ JSE Power Hour: S...

20 minOCT 22
Comments
A robust strategy (#422)

Bankruptcy (#421)

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 paid a dividend and I like them at current prices. Coronation* (JSE code: CML) issued a good trading update. With Purple Group* (JSE code: PPE) they are my two preferred financial stocks for the post-pandemic bounce (actually making money during the pandemic. Keillen Ndlovu on local and offshore listed property. * I hold ungeared positions. Subscribe to our feedhere Sign up for email alertsas a new show goes live Bankrupt There are a number of listed stocks in business rescue and I am getting asked all the time about when they start trading again. Intu Comair Basil Read Phumelela Others I forget about Short answer, they won't start trading ag...

19 minOCT 15
Comments
Bankruptcy (#421)

Market Standard 12 October 2020

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 at102%of GDP in 2020, the first timesince1946 that the U.S. debt has been larger than its economy. / A new stimulus package on or off the table? / The U.K. economy grew by 2.1% in August, less than half the pace anticipated / JPMorgan says U.S. Capital Gains Tax hike (proposed by Biden) may briefly hit stocks / Robinhood says some customer accounts may have become the target of hackers / New iPhones expected on Tuesday, with 5G Local / President Cyril Ramaphosa will address both houses of parliament on Thursday to unveil the long-awaited economic recovery plan for the country. / PPC results / Canal+ buys 6.5% in Multichoice / Spur update, strong recovery but early days. / FNB lists 20 ETNs over US-listed stocks. / Balwin results and the scuffle around Mooikloof

41 minOCT 12
Comments
Market Standard 12 October 2020

Latest Episodes

Bitcoin is tiny, even at the highs (#426)

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 Tuesday & S&P500 closed at a new all-time high. Dow 20,000 was 25 January 2017 and 10,000 29 March 1999 (12,000 was September 2007). Lewis (JSE code: LEW) results with a 133c interim dividend. Double that for the full year makes for a yield fo some 11.9%. Stor-Age* (JSE code: SSS) offering their dividend as cash or new shares issued at 1240c. People asking what I'm doing? Taking the shares. Adcorp (JSE code: ADR), stock was 130c on 15 October ahead of their trading udate. Results in Wednesday saw it trading at 600c [caption id="attachment_24206" align="aligncenter" width="888"] Adcorp Daily[/caption] * I hold ungeared positions. Upcoming events; 03 December ~ JSE Power Hour: Position your portfolio for 2021 Subscribe to our feedhere Subscribe or review us iniTunes Bitcoin is tiny, even at highs Disclaimer upfront, I have been buying Bitcoin because I like to own things that are going up, my average entry price is R204k. This is a trade, so I will take my money at some point. Looks certain to make new all-time highs and US$20k surely sooner rather than later. Not a bubble this time, as it was in 2017. That doesn't mean can't collapse or can't become a bubble. Interestingly the narrative has changed, the talk of Bitcoin for payments, something I said was a long long way off, is no longer the biggie. Now it really positioning itself as an alternative asset. Remember how blockchain would save the world? But here's what was really interesting to me, the market cap of Bitcoin. ±US$400billion! Less than Tesla, in fact very tiny. Consider how many exchanges, blogs, shows and chatter about this one asset that is so very small. The size also restricts large institutions getting involved. For comparison, gold is about US$9trillion, NYSE about US$30trillion and total US debt US$27trillion. JSE – The JSE is a registered trademark of the JSE Limited. JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

20 min2 d ago
Comments
Bitcoin is tiny, even at the highs (#426)

Market Standard 23 November 2020

Offshore / Another Monday another vaccine ~ Moderna / 12 millionAmericans 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 expects the economy to bounce back in / Amazon moving into the pharmacy business / Boeing 737 Max is back / Bitcoin heading for new highs & FSCA proposes making cryptocurrencies an asset class. Local / Moody’s & Fitch downgrade SA further into junk. / Somebody wants City Lodge East Africa hotels / Results; Stor-Age*, Astral Spar

55 min5 d ago
Comments
Market Standard 23 November 2020

Owning unlisted shares (#425)

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 Spar (JSE code: SPP) results. Boeing 737 MAX 8 returns to skies as FAA lifts grounding order. Brait (JSE code: BAT) net asset value 771c (based on 9x EV/EBITDA), share price 388c. [caption id="attachment_24160" align="aligncenter" width="888"] Brait monthly chart[/caption] * I hold ungeared positions. ETF: Low fees double your investment* Upcoming events; 05 November ~JSE Power Hour: Searching for income 19 November ~JSE Power Hour: Twenty years of ETFs Subscribe to our feedhere Subscribe or review us iniTunes Owning unlisted shares In the last few years, we've seen a bunch of stocks being delisted from the JSE and in pretty much all cases e...

20 min1 w ago
Comments
Owning unlisted shares (#425)

Market Standard 16 November 2020

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 after the pandemic / DoorDash files IPO plans, NYSE listing Local / Lockdown level 1 lite? / Growth Point raises R4.3billion / SA’s unemployment rate 30.8% in Q3 / Sun International update gives great insight into leisure locally. / Telkom results / MultiChoice results

61 min1 w ago
Comments
Market Standard 16 November 2020

Bombastic billionaires (#424)

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 its biggest constituent Naspers only up 3.71% over the same period. A lot of underlying and broad strength. @SimonPB @CAPITALSIGMAza @smalltalkdaily — Mark Tobin (@mtobinwex) November 11, 2020 Searching for income Upcoming events; 05 November ~JSE Power Hour: Searching for income 19 November ~JSE Power Hour: Twenty years of ETFs Subscribe to our feedhere Subscribe or review us iniTunes Bombastic billionaires* Somebody strikes it big in one field, and now they think they're the smartest person in any field. A CEO of a successful company leaves to start a new company, they just assume it'll work and investors believe them. We see this all th...

18 min2 w ago
Comments
Bombastic billionaires (#424)

Market Standard 09 November 2020

Offshore / US elections over / US unemployment rate 6.9% / Ant IPO cancelled / BoE no change & QE increased by £150 billion to £895 billion / Berkshire Hathaway bought back a record $9 billion in stock in the third quarter Local / Rand strength / Results; Dis-Chem, Richemont & Foschini / Aspen vaccine JV with J&J

60 min2 w ago
Comments
Market Standard 09 November 2020

Finding infrastructure stocks (#423)

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 feedhere Subscribe or review us iniTunes Finding infrastructure stocks Globally one of the key responses to the pandemic is and will be, infrastructure spend. Who are the potential winners? PPC (JSE code: PPC) Sephaku (JSE code: SEP) Reunert (JSE code: RLO) Consolidated Infrastructure Group (JSE code: CIL) WBHO (JSE code: WBO) Murray and Roberts (JSE code: MUR) Aveng (JSE code: AEG) Raubex (JSE code: RBX) Afrimat (JSE code: AFT) Brikor (JSE code: BIK) Stefanuti Stocks (JSE code: SSK) Kumba (JSE code: KIO) ArcelorMittal SA (JSE code: ACL) JSE – The JSE is a registered trademark of the JSE Limited. JSE Direct is an independent broadcast and is not endorsed or affiliated ...

20 min3 w ago
Comments
Finding infrastructure stocks (#423)

A robust strategy (#422)

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 smaller regional malls and not going big, so if it fails it won't be costly. The Standard Bank (JSE code: SBK) update fits in with news out of a press conference of last week. 90%-95% of loans that took payment holidays are back and paying. A sold number, but it does show lenders are not yet out of the woods. Absa changing their distribution policy for the NFGOVI (tracking the top 10 bonds issued by the South African Government). Instead of reinvesting they will now payout distributions. Very strong update from Cashbuild (JSE code: CSB) with Q1 revenue up 22% and stock is up some 9% in the news. Upcoming events; 05 November ~ JSE Power Hour: S...

20 minOCT 22
Comments
A robust strategy (#422)

Bankruptcy (#421)

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 paid a dividend and I like them at current prices. Coronation* (JSE code: CML) issued a good trading update. With Purple Group* (JSE code: PPE) they are my two preferred financial stocks for the post-pandemic bounce (actually making money during the pandemic. Keillen Ndlovu on local and offshore listed property. * I hold ungeared positions. Subscribe to our feedhere Sign up for email alertsas a new show goes live Bankrupt There are a number of listed stocks in business rescue and I am getting asked all the time about when they start trading again. Intu Comair Basil Read Phumelela Others I forget about Short answer, they won't start trading ag...

19 minOCT 15
Comments
Bankruptcy (#421)

Market Standard 12 October 2020

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 at102%of GDP in 2020, the first timesince1946 that the U.S. debt has been larger than its economy. / A new stimulus package on or off the table? / The U.K. economy grew by 2.1% in August, less than half the pace anticipated / JPMorgan says U.S. Capital Gains Tax hike (proposed by Biden) may briefly hit stocks / Robinhood says some customer accounts may have become the target of hackers / New iPhones expected on Tuesday, with 5G Local / President Cyril Ramaphosa will address both houses of parliament on Thursday to unveil the long-awaited economic recovery plan for the country. / PPC results / Canal+ buys 6.5% in Multichoice / Spur update, strong recovery but early days. / FNB lists 20 ETNs over US-listed stocks. / Balwin results and the scuffle around Mooikloof

41 minOCT 12
Comments
Market Standard 12 October 2020
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