I recently got a mail from Keith asking about Brait's latest rights offer:
“Hi Francois. Hope all is well with you. I have BAT shares, only 545. Now they have some kind of rights offer and I got 1 BATN, lol. I need to make an election, but I don't understand. Currently the BATN is trading around 1000 c. Take up value is 100,000c. Does it mean I can take up the nil share, it gets added to the 5... ››› more
What a cold and depressing winter it has been… For the JSE that is.
Since Steinhoff's debacle, we've seen some of the largest companies on the JSE crash 30% to over 89%, which I'll explain in just a minute.
And there are no signs yet for recovery until the end of 2019.
In today's article we'll cover the Ugly and the Bad for the JSE and a little bit of Good on how we can profit during... ››› more
In the past month or two, I've realized a worrying trend on the JSE.
This trend has been behind Sibanye Gold's 58% drop in the past year.
It's also been behind Woolies losing 25% of its value since 2016, and Brait dropping 41%.
What is this trend? Well, it's “making offshore acquisitions at ALL costs”…
And Warren Buffett has just warned investors against the trend.
Let me... ››› more
Last week local news was dominated by developments around the #Guptaleaks. New revelations seem to jeopardise President Zuma and that served to strengthen the Rand. To top it off, S&P held our foreign currency rating a notch below investment grade, which drove the Rand below USD/ZAR 12,80.
At about the same time, President Trump pulled out of the Paris accord, still denying any link with clima... ››› more
Global Markets are busy digesting the UK election results, which indicated the Tories have lost their small majority. The UK now sits with a Hung Parliament, which will see the UK enter the Brexit negotiations set to start next week on the back foot. It will be interesting to see if the EU takes a harder line with them than previously expected. The weaker pound should buoy the FTSE. The ECB left i... ››› more
The JSE managed to etch up a 1.3% gain last week as there was very little driving markets. Volatility is at record lows yet uncertainty is high, the market is taking a wait and see approach.
Inflation came out a little higher in May at 5.4% versus 5.3% in April. This remains within the MPC's target range.
The Public Protector's report is being challenged and the Mining Charter kickback is... ››› more
Guy Algeo, Founder and Director at Prodigy Asset Management gives you an exclusive look into what he'd consider a buy this week and which shares you need to take out of your portfolio......
Stock market overview
Gold down 4,5%
Bullion’s strong performance for the year saw a shape correction last week it was down $60 or 4,5%.
The Rand held firm and so the softer gold price had... ››› more
Brait is an investment company focusing on investing in privately held companies in different industries. The company has a listing on the Johannesburg Stock Exchange…
Full name: Brait SA
Short name: Brait
Sector: Financial services – financial services
Five top facts about Brait
Brait is an investment company. It primarily invests primarily in privately ow... ››› more
Buildmax provides a number of services to the mining and construction industries. The company has a listing on the Johannesburg Stock Exchange…
Full name: Buildmax Limited
Short name: Buildmx
Sector: Basic resources – mining
Five top facts about Buildmax
Buildmax employs around 1,800 people across its operations.
Buildmax has a listing on the J... ››› more
Sabvest is an investment company. The company has a listing on the Johannesburg Stock Exchange…
Full name: Sabvest Limited
Short name: Sabvest
Sector: Investment instruments – equity investment instruments
Five top facts about Sabvest
As an investment company, Sabvest has the following investments:
Significant stakes in three unlisted industrial c... ››› more
It's emerged that a number of directors of Steinhoff International bought a substantial amount of shares in the company in September.
The directors who purchased shares didn't disclose that a deal was imminent with Pepkor.
Last Tuesday, shares in Steinhoff soared on the back of the Pepkor takeover deal.
Let's take a closer look…
Steinhoff didn’t notify shareholders about an impe... ››› more
Yesterday, stocks on South Africa's bourse closed in the red. The main contributor to the fall was a poor performance by mining stocks.
One stock that performed well was Steinhoff. It rallied strongly after announcing a deal to take over Pepkor.
Let's take a closer look at what went on…
Steinhoff closed 4.5% higher
The JSE ended in negative territory under the weight of some minin... ››› more
Earlier today, Steinhoff International Holdings announced its decision to buy the majority of Pepkor. The deal is valued at R68.2 billion.
Shares in Steinhoff soared on the news as investors greeted the news well.
Let's take a closer look at what's going on…
Steinhoff will own 92% of Pepkor
Steinhoff [JSE:SHF] announced a R68.2 billion deal to purchase “a 92% stake in clothing r... ››› more
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