In the first three months of the year, we saw a major rally on a number of resource stocks listed on the JSE.
Take a look at the chart of the JSE-Resources Top 20 Index to see what I mean…
During the 20% resource rally, we took full advantage and my Red Hot Storm Trader members managed to bank a total gain of 245.65% including a:
• 51.95% gain on Anglo American Plat... ››› more
Over 90 days has passed for 2019, and the JSE is already up over 8% for the year.
This was mainly due to the ever-rising resource stocks, which make up a big percentage and weight of the JSE Top 40.
In fact, my Red Hot Storm Traders have managed to bank over 200% gains on six winning resource stocks this year alone.
If you missed this first quarter of profits, you have nothing to wo... ››› more
It looks like 2019, is the year for resources.
Whether you're looking at resource stocks, gold, silver - they all seem to be on the rise.
In fact, with Red Hot Storm Trader we’ve already banked three winning resource stock trades in a row.
On 14 December 2018 we bought Anglo American Platinum and sold it for a 51.95% gain on 18 January 2019. Then we bought Kumba and Anglo Gol... ››› more
This morning, Kumba Iron Ore released its results for the six months to the end of June. The company's results reflect the harsh trading conditions the business is enduring.
This led Kumba to withhold its interim dividend. This is the first time the company has done this since listing in 2006.
Shares in Kumba are trading lower on the news.
Let's take a closer look at what the results reve... ››› more
Kumba Iron Ore is part of the Anglo American group of companies. The company is one of the Johannesburg Stock Exchange's top 40 companies…
Full name: Kumba Iron Ore Limited
Short name: Kumba
Sector: Basic resources – industrial metals & mining
Five top facts about Kumba Iron Ore
Kumba Iron Ore employs over 14,000 people in South Africa. It prides itself on ... ››› more
Earlier today, the National Union of Mineworkers (NUM) announced that it had agreed to a new wage deal with Kumba Iron Ore.
The deal sees the union securing the best wage hikes for its lowest paid members.
Let's take a closer look at the new wage deal…
The wage deal sees a solid rise in pay
The NUM has “secured a 17.5% increase for the lowest category of employees” with Kumba... ››› more
When it comes to producing iron ore, no one does it better than BHP Billiton (JSE: BIL) and Rio Tinto (LSE: RIO). These are the world's biggest iron ore producers by far.
In fact, they've produced 56.6 and 57.5 million tons respectively. And that's in the last three months alone. These figures represent a 19% increase for BHP Billiton on a year ago and an 11% increase for Rio Tinto.
But wha... ››› more
Earlier today, Kumba Iron Ore released its results for the six months to the end of June. Despite the company increasing production, earnings fell as iron ore prices came under pressure. Kumba's share price has reacted positively to the results. Let's take a closer look at what Kumba's results revealed…
Iron ore prices for export fell 17%
Kumba said that “headline earnings for the six mont... ››› more
“China slowdown threatens global growth”
“China economy running out of steam”
“Chinese stocks fall on growth slump”
These are the headlines journalists have splashed across the media over the last few months. And they normally follow these up headlines with a story about how Chinese growth rates are slowing; and how this could spell economic disaster for China and the world. A... ››› more
While I'd usually want to sell at the upper resistance of this gentle downtrend, I think I can be forgiven for breaking the rules when considering a company like Kumba Iron Ore (KIO). Right now, it's my favourite contrarian play and a trade I believe you should put on today.
When it comes to trading Kumba Iron Ore, it’ll pay to go against the general consensus
With its 7.5 PE (8 forward P... ››› more
Earlier today, Anglo American released its production report for the final quarter of 2013 to the end of December. And the diversified mining giant impressed. Especially in its production of iron ore, copper and platinum. Shares in Anglo American, Anglo American Platinum and Kumba Iron Ore rallied strongly on the news. Let's take a closer look at what the report revealed…
In today’s released... ››› more
Earlier today, Kumba Iron Ore released a trading statement. The company said that it expects its earnings for the full year to come in 20% higher. Kumba's share price has risen on the back of the news. Let's take a closer look at what the trading statement revealed…
Kumba Iron Ore says that “it expects full-year earnings to rise by as much as 20%,” reports Fin24. The iron ore producer says... ››› more
“Iron ore rallying as cargoes to China reach record”
This was a headline on Bloomberg yesterday.
Now on your first look at this headline, you may think that now's a good time to buy into iron ore miners.
After all, if the industrial metal's price is rallying, then miners should make more profit right?
Well today I'm telling you, this rally in iron ore prices will be short lived. And ... ››› more
Following a string of new highs, the JSE finished the week on another. The local bourse had a good day, boosted by positive news from China about its economic growth. But Kumba kept a lid on gains. Let's take a closer look at the day on the JSE...
The JSE hit another record high today, reports Fin24. Helping out global markets is sentiment over the US government's last minute decision to sor... ››› more
Yesterday, Kumba Iron Ore released its first half results. In spite of labour unrest severely affecting production at one of its mines, the company managed to stay on par. The results include a bonus for shareholders. Let's have a closer look…
In its first half results, to the end of June, Kumba “reported little growth,” reports Fin24.
The company was “hit by a sharp fall” in the pr... ››› more
The Fed's announcement last night sent the markets into a spin, but now China is showing more signs of strain and this sent the JSE spiralling further south. Let's have a look at what's going on…
Global markets were feeling the heat today following last night’s announcement from the US Federal Reserve (Fed). Ben Bernanke, chairman of the Fed, announced that the US would be stepping down its ... ››› more
Disclaimer FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found on this website.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this website.