Last week our TFG short was closed out for a 133% geared gain, it has since rallied to above R69.00 on optimism around the JET acquisition news.
However, Foshini also announce they are raising about R4bn in a deeply discounted rights issue. Today (21 July) is the last day to trade in the shares to be awarded the rights at a take-up price of R41.90 per share.
What is a rights issue, you m... ››› more
Rand strength over the last two months is now providing another opportunity for you to review offshore investment allocations. I'm always amazed at how many clients scramble for offshore investment after the horse has bolted and dither when they should take action.
Finova's global portfolio returned 2,65% in USD for the 12-month period to 30 June 2020, a period that includes the Covid-19 Marke... ››› more
Bidcorp's share price is hitting a ceiling after a V-shaped recovery from the March lows. The R280 to R290 is an area of congestion for the share price and a sustained break above R290 is unlikely. The downside risk is a return to the R250 level. We'll look at the chart in a minute.
Today marks BidCorp's financial year end and the past 6 months have been a tough environment with significant r... ››› more
If you have ventured to your local shopping mall you will see one of the most important elements missing… Shoppers. Shopping malls resemble ghost towns more than anything else. And that isn't going to change anytime soon as consumers are still under financial pressure, don't want to be in busy places and are trying to move to more online shopping.
The shift to online shopping is something mo... ››› more
Happy new year everyone, I hope you all had a good break and did tons of holiday shopping for your friends and family!
Why? Because yesterday marked the beginning of the retail reporting season. And, in the next couple of weeks we're going to see just how much South African's spent at the shops in December.
There is no doubt the market is expecting a super tough Xmas period for the beleag... ››› more
Standard Bank AfricaGold exchange traded fund (ETF) tracks the rand value of gold. The ETF has a listing on the Johannesburg Stock Exchange…
Full name: Standard Bank AfricaGold ETF
Short name: AfricaGld
Sector: JSE listed funds
Five top facts about Standard Bank AfricaGold ETF
Exchange traded funds (ETFs) are funds listed on the stock market, which are pas... ››› more
With its origins dating back to 1924, The Foschini Group is a long established South African retailer. The company has a listing on the Johannesburg Stock Exchange…
Full name: The Foschini Group Limited
Short name: TFG
Sector: Retail – general retailers
Five top facts about The Foschini Group
Since starting out in 1924, The Foschini Group now has 17 retail ... ››› more
For the last year and a half, the retail sector has been on one heck of a roller coaster…
One month you see it go up 15% and another month it drops 15%.
But finally, it's chosen a direction!
In fact, the chart tells me that we could see the Retail Index go up over 21% in the next few months.
JSE-General Retailers next stop is at 78,000 thanks to a flag formation!
The JSE-Genera... ››› more
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