100 episodes

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

JSE Direct with Simon Brown JustOneLap.com

    • Business
    • 4.8 • 175 Ratings

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

    There’s only thing we can control – the price we pay (#505)

    There’s only thing we can control – the price we pay (#505)

    Simon Shares Massmart (JSE code: MSM) update, retail margins are being squeezed, the exception is clothing retail. Thungela Resources (JSE code: TGA) very strong trading update. JSE (JSE code: JSE) results, strong. Nancy Pelosi lands in Taiwan and markets don't really care and China will complain - but this is not leading to war. Uber (NYSE code: UBER) finally hits cash flow positive. OPEC+ 100,000 b/d output hike, expectations (hopes?) were for 4-5x that and the second smallest increase since 1986. Earn 11% with Retail Savings Bonds What's the only thing we control in markets The price we pay Everything else is beyond our control So use your one power carefully  

    • 20 min
    Pick 'n Pay catching Shoprite, can they overtake? (#504)

    Pick 'n Pay catching Shoprite, can they overtake? (#504)

    Simon Shares New energy rules for South Africa. Who wins? Silverleaf Investments on Easy Equities. Know what you're buying. Food retailer updates, Shoprite* (JSE code: SHP) winning. Pick n Pay (JSE code: PIK) bounding back and Woolies* (JSE code: WHL) struggling. Cashbuild (JSE code: CSB) and Mr Price (JSE code: MRP) updates show consumers under pressure IMF upgrades SA GDP growth for 2022 to 2.3% up from 1.9% they expected in April. Results from Kumba Iron Ore (JSE code: KIO) and Anglo Platinum (JSE code: AMS) US data Wednesday and Thursday. Omnia (JSE code: OMN) was ex-div 800c on Wednesday and is now back in the longer-term channel. If you've been waiting to buy, now's your chance. * I hold ungeared positions.
     

    • 20 min
    The bear market, how much more to go? (#503)

    The bear market, how much more to go? (#503)

    Simon Shares Local June inflation, 7.4%, MPC tomorrow. BHP Group* (JSE code: BHG) update, they are worried.
    ArcelorMittal South Africa (JSE code: ACL) trading update says global growth and recessions fears "present challenges for the outlook of commodities and steel demand in the next 12 to 18 months.". China's holdings of U.S. debt fell below $1 trillion for the first time since 2010 Alviva (JSE code: AVV) delisting at 2500c. Brent oil trade keeps on trucking, buy below $100 exit $113. Brent oil Nasdaq, triggered a buy, waiting for confirmation which is a close above 12,250 while 7 EMA remains above 21 EMA. Building resilient portfolios for tough markets Lithium & Battery Tech ETF Stats and data on 95 years of bear markets. How much longer? How much lower? * I hold ungeared positions.
     

    • 20 min
    Dividends, love them but be careful (#502)

    Dividends, love them but be careful (#502)

    Simon Shares US June inflation 9.1%, and core inflation was also up a 5.7%! Still stage 4. Rand continues to weaken. Back backs between 4 July 2022 & 8 July 2022 Naspers JSE code: NPN) bought 659,095 shares at an average price of R2 648.3315/share for R1.745 billion (US$104.73 million). Prosus (JSE code: PRX) bought 6,240,339 PRX shares at an average price of €67.1361/share for €418.95 million (US$428.59 million). SARB now considers cryptocurrencies as a financial asset and will create regulations around them. This means cryptocurrencies can be listed on SA exchange platforms but the process will take 12-18 months. Dividends, love them but be careful.
    But we also need to remember a few important things about dividends. They can disappear as we saw in 2020. Even the most stable dividend payer can stop paying. REITs which have to pay them by law being a REIT structure) stopped paying because payment would see them fail their solvency tests. They are backwards-looking. A high dividend yield is certainly attractive, but is it because the price has been falling? Could this be a warning of a dividend cut? Cyclical stocks (think commodity stocks) pay massive dividends sometimes, then nothing for years. Boards can change the cover ratio. This is the percentage of HEPS they pay as dividends. In tough times they can cut them. As the company matures they pay more. Progressive dividends are the worst. The idea is that every year the dividend goes up a set percentage regardless of profits. A few local stocks have tried the idea, all have abandoned the idea. Cash dividend vs. script dividend. I'll usually take the script. Reg28, proposed a two-pot system Sam Beckbessinger: My fav ETFs

    • 18 min
    Commodities rolling over (#501)

    Commodities rolling over (#501)

    Simon Shares Still stage 6. Rand continues to weaken. Naspers (JSE code: NPN) and Prosus (JSE code: PRX) both are holding well after the hard run the previous Monday on results and buy-back news. Resources under pressure, all of them. Supply chains adjusting Just in time is now just in case Higher inventories Higher costs More localisation Upcoming events; 13 July ~ To short or not to short with Markets.com 14 July ~ JSE Power Hour: Building a resilient portfolio for tough markets

    • 18 min
    Celebrating 500 episodes (#500)

    Celebrating 500 episodes (#500)

    Simon Shares Episode #500. Huge thanks to all, I go into some background about the show. Where and how it started, lessons learnt and more. Stage 6, the Rand lost 30c. Sun International* (JSE code: SUI) update for five months to 31 May 2022 shows they are nearly back at pre-pandemic revenue and this while we still had some restrictions and fewer international travellers. Naspers (JSE code: NPN) / Prosus (JSE code: PRX) results. Tencent (Hong Kong code: 700) is 125% of profits. The other businesses are all loss-making and in tough markets. They plan to sell down Tencent and buy back Prosus shares, but the discount to NAV remains around 50%, even after a massive move on the announcement. Grindrod (JSE code: GND) good update and share has been flying. This remains a very cyclical business and right now the cycle is paying off. Invicta (JSE code: IVT) saw strong results albeit some accounting points improved them a bunch. JSE (JSE code: JSE) trading update is surprisingly strong with HEPS expected +24%-32% for six months ending June. * I hold ungeared positions.
     

    • 21 min

Customer Reviews

4.8 out of 5
175 Ratings

175 Ratings

Arin Ruttenberg ,

Continuous knowledge

My review of 3 years ago and nothing has changed.

Been listening to Simon since 2012 and he keeps me level headed when it comes to investing.

In a word that is forever changing , that's no different for markets! Simon Brown discusses different factors of the markets , keeping us educated, giving us tools and ways to research the different topics he discusses, all in JUST ONE LAP at a time! 👌🏽

OboneSep ,

Straight to the point and insightful

Insightful! My go to with the Fat Wallet Show

Factoryrider ,

Great content. Poor delivery

Your content is always interesting and I would love to listen more to this show however I find it unlistenable. Dineo has a very good voice and knows her stuff but umm says umm too many umms. Every third word is an umm. Umm this makes it umm impossible to umm listen to 😕.

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