Spur looking good and Sasol dividends


Simon Shares

  • Nasdaq (650 points), S&P500 (80 points) & Euro Stoxx50 (22 points) trades all closed. FTSE100 still going currently +100 points.
  • Old Mutual BEE deal, will go into details, but it only closes in late October so no rush.
  • Spur (JSE code: SUR) looking very good.
    • PE ±15x and DY ±5%
    • From the Spur earnings call “And we know that only 18% of the South African adult population represents 80% of economically viable consumer segment.”
      • Revenue at record with space to get margins back to pre-pandemic levels. Net income margin was ±5%, historically over 20%.


* I hold ungeared positions.


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Simon Brown - Just One Lap founder

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