6 March 2018
What a difference a few weeks makes. The political landscape has shifted, South Africa has a new State President, there is a new dawn and prospect of ...
2 March 2018
Since my last note on Anglo American dated 16 February (see “South African political tailwind”) the company has reported a pleasing set of annual resu...
27 February 2018
Bidcorp, the international foodservice specialist, reported good underlying constant currency results for the six months ended 31 December 2017. Whils...
16 February 2018
A week is a long time in politics, a quote attributed to British Prime Minister Harold Wilson. In South Africa, the winds of political change have gus...
13 February 2018
Harmony produced a very solid set of interim results for the six months ended 31 December 2017. The result exceeded my earlier expectation and is char...
9 February 2018
If you want an example on the JSE of the shift in political mood, Bidvest, among others, fits the bill. The stock price has been almost parabolic sinc...
5 February 2018
Vodacom released a reasonable Q3 F2018 trading update but there is little fundamental reason to warrant a valuation upgrade. I tend to view telecommun...
31 January 2018
Mr Price is a good apparel retailer that is mispriced. After climbing by 37% since the end of November and by over 60% in six months the valuation is ...
Kumba is now significantly overvalued on a fundamental evaluation. Despite easing back to around R350 per share from highs above R400 a fortnight ago,...