JSE Direct with Simon Brown

JSE Direct with Simon Brown

JustOneLap.com

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

Categories: News & Politics

Listen to the last episode:

 

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 earnings affected by Naira devaluation in Nigeria.
  • Earnings per share down 72%, impacted by tax issues and currency devaluation.
  • Stock analysis: Chart showing positive signs, with potential for short-term growth.
  • Market consensus includes three strong sells, five holds, and four buys.
  • Telco sector struggles due to price pressures and constant capital expenditure.
  • Limited upside potential for telco stocks, including MTN.

ADvTech* Results and Operational Leverage:
  • ADvTech demonstrates strong operational leverage.
  • Operational margins increase due to improved student occupancy rates.
  • Revenue up 13%, HEPS up 19%, and dividend per share up 45%.
  • Stock analysis: Notably increased in value but still offers potential growth.
  • Expectations for around 15% growth in the future.
  • Simon Brown expresses satisfaction as a long-term shareholder in ADvTech.
Monetary Policy Committee (MPC) Meeting Insights:
  • MPC meeting concludes with no change in rates.
  • Governor's hawkish stance indicates possible rate cuts later in the year.
  • Inflationary pressures expected to persist due to global factors.
  • Delayed rate cuts expected due to inflation concerns.
SALTA Awards Highlights (full details here):
  • Simon Brown attends the SALTA Awards.
  • Satrix emerges as the big winner with 10 awards.
  • People's Choice Awards highlight popular ETFs, with Satrix Top 40 winning for the seventh consecutive year.
  • Introduction of a new award category for foreign ETFs.
  • Importance of industry events in highlighting the significance of ETFs and listed trackers.

Simon Brown

* Simon holds ungeared positions.

 

Previous episodes

  • 851 - Telcos are horrid investments (#580) 
    Thu, 28 Mar 2024 - 0h
  • 850 - Abenomics worked, Fed not so much (#579) 
    Fri, 22 Mar 2024 - 0h
  • 849 - US CPI hasn't come down in 9 months! (#578) 
    Thu, 14 Mar 2024 - 0h
  • 848 - Shoprite could buy Pick n Pay, but should you buy Shoprite? (#577) 
    Thu, 07 Mar 2024 - 0h
  • 847 - Nikkei highs, Pick n Pay lows, Bitcoin 1million (#576) 
    Wed, 28 Feb 2024 - 0h
Show more episodes

More South African news & politics podcasts

More international news & politics podcasts

Choose the genre of podcast