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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%.
Sasol: To answer a separate Q:
The EBIT profit split is:
•Energy: 58%
•Chemicals: 42%
(Despite the high chemicals contribution, it is amazing to see how closely Sasol’s profit still conforms to the old back-of-a-matchbox calc of 5% of the Rand oil price.)— Karin Richards (@Richards_Karin) August 23, 2022
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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.
JSE Direct Podcast
Thursdays are all about hard-core investing with Simon Brown’s famous JSE Direct podcast. JSE Direct started life on ClassicFM in July 2008 and became a podcast in 2011. Every week Simon chats to industry experts, answers listener question (contact him here to send your Q’s) and gives his views on the state of markets and individual shares.
Reach Simon by email at simon@justonelap.com,
or Twitter @SimonPB
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Image and article originally from justonelap.com. Read the original article here.