JSE Direct with Simon Brown
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Hosted by Simon Brown, this is a weekly overview of what's happening on the JSE in South Africa. It focuses on stocks outside of the Top40 Index and also includes updates, market moves, company results, trading tips and book reviews.
JSE Direct with Simon Brown
2h ago
UK and Local Inflation:
UK inflation surprises at 3.2%, lowest in over two years.
US Fed unlikely to cut rates soon, waiting for FOMC meetings.
South Africa's CPI data for March at 5.3%, showing a positive trend.
Potential for SA rate cuts, depending on US decisions.
[caption id="attachment_41866" width="849"] SA Inflation 5.3% for March 2024[/caption]
China and Commodities:
China's GDP surpasses expectations at 5.3%, amid concerns over Fitch downgrade.
Export data reflects overstocking, driving prices down.
Despite challenges, China's market appears interesting.
[caption id="attachment_41 ..read more
JSE Direct with Simon Brown
1w ago
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Sasol Secunda Reprieve
Recap of Sasol's recent developments.
Minister's agreement to Sasol's appeal regarding emissions at Secunda.
Stock bounce and support level analysis.
Target prices discussion and outlook for Sasol.
PGM Miners' Performance
Analysis of platinum group metal (PGM) miners' performance.
Notable increases in stock prices.
Consideration of factors affecting the industry, including production cuts and demand for catalytic converters.
Exploration of whether the current uptrend indicates the beginning of a bull market.
Discussion on supply and demand dynamics in the PGM marke ..read more
JSE Direct with Simon Brown
2w ago
Commodity Market Analysis
Oil prices are on the rise, currently trading around $89 per barrel, indicating both demand and supply factors at play.
Factors affecting oil prices include supply disruptions from Russia and Saudi Arabia's production cuts through OPEC+.
Concerns about inflation are reflected in the rising price of gold, which is currently trading at all-time highs above $2300 per ounce.
Despite uncertainty, inflation is not expected to decrease soon, especially with increasing energy costs
Discussion on the delayed rate cuts by the US Federal Reserve and the global outlook on in ..read more
JSE Direct with Simon Brown
2w ago
Old Mutual Results:
Surprisingly strong results from Old Mutual.
Despite stagnant GDP growth and population decline, Old Mutual shows strong growth, indicating market share acquisition.
Expansion into banking sector questioned due to market saturation.
Stock analysis: Trading around 1184, showing potential support at 1150 and resistance at 1240-1280.
Considered cheap with PE ratio around 7.7 and dividend yield over 7%.
Market consensus predicts an average price target of 14.81.
Skepticism remains regarding the bank launch and overall upside potential.
MTN Results and Analysis:
MTN's ..read more
JSE Direct with Simon Brown
3w ago
Market Updates:
Recent news on Markus Jooste's fine and tragic passing prompts reflection on justice and mental health awareness.
Telkom's sale of its towers business for R6.75 billion highlights strategic shifts and potential opportunities in the telecom sector.
Ongoing rise in oil prices raises concerns about inflationary pressures and global economic impacts.
Market Analysis and Insights: Gold's Surge:
Gold prices hit new all-time highs above $2200, reflecting investor concerns and market sentiment following Jerome Powell's recent statements on inflation and monetary policy.
Gold mining ..read more
JSE Direct with Simon Brown
1M ago
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, including the possibility of a mid-year rate cut.
Local Property Market Concerns:
Review of recent challenges facing Pick n Pay and its impact on property stocks and landlords.
Analysis of Hypr ..read more
JSE Direct with Simon Brown
1M ago
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 Annual Letter
Warren Buffett's annual letter to shareholders released.
AGM scheduled for May 4th, details about screening yet to be announced.
Historical and informative; available on BerkshireHathaway ..read more
JSE Direct with Simon Brown
2M ago
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 highlights.  ..read more
JSE Direct with Simon Brown
2M ago
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 13Feb24 (daily)
Transaction Capital and WeBuyCars
Transaction Capital planning to list WeBuyCars
Unbundling process expected in March
Valuation: 7.5 billion rand
Key information: Founders' put option on ..read more
JSE Direct with Simon Brown
2M ago
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 remain a satisfied shareholder
Big move in streaming sports! ⚾️?? Disney, Warner Bros., and Fox are joining forces to create the ultimate sports streaming app, merging ESPN, TNT, and Fox Sports (WSJ ..read more