Sasol’s Struggles:
Simon revisits Sasol’s latest manufacturing and buying and selling updates. Regardless of some constructive information, the corporate’s financials stay grim as a result of vital write-downs and a difficult pricing surroundings, particularly within the chemical advanced. With a ahead PE ratio hovering round 3, Simon questions the precise worth in Sasol and advises warning, emphasising the significance of ready for a inventory to indicate indicators of restoration earlier than investing.
Sasol weekly chart | 13 August 2024
ADvTech’s* Stable Efficiency:
Simon gives insights into ADvTech’s newest buying and selling replace. Regardless of a voluntary replace (not mandated by a 20% variance), the corporate exhibits sturdy development in earnings per share. He discusses the inventory’s valuation, historic efficiency, and why he stays optimistic about its future prospects, even because it trades at a PE ratio of round 15.
ADvTech weekly chart | 13 August 2024
Mixed Motor Holdings* (CMH):
Simon shares his ideas on CMH, a inventory he has held for years. Regardless of a stagnant worth motion over the previous three years, the inventory gives a strong dividend yield. He discusses the broader client surroundings, the potential influence of diminished rates of interest, and why he continues to favour CMH over rivals like Motus.
CMH weekly chart | 13 August 2024
Renegen’s* Milestone:
After a 12 months and a half of delays, Renergen lastly begins producing helium. Whereas the inventory has seen a latest uptick, Simon highlights the challenges that also lie forward, together with scaling up manufacturing and the corporate’s upcoming NASDAQ itemizing. He additionally displays on the broader sentiment within the junior mining sector.
Coronation’s Energetic ETFs:
Coronation has launched six actively managed ETFs on the JSE, a big growth within the native ETF market. Simon explains the idea of actively managed ETFs and why this transfer may very well be a game-changer for each Coronation and the JSE, even when he personally isn’t planning to put money into them. Discover particulars right here.
US Inflation Replace:
The most recent US CPI knowledge exhibits a slight lower to 2.9% for July, however core inflation stays elevated. Simon discusses the implications for future rate of interest cuts by the Federal Reserve and the potential influence on South African financial coverage.
Tribute to Brett Duncan:
Simon pays tribute to Brett Duncan, a former stockbroker and warrants market chief at Commonplace Financial institution, who just lately handed away. Brett was a key determine in Simon’s early profession and performed a big function within the South African warrants market. His passing is a big loss.
* I maintain ungeared positions.
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