22 August 2016
We are in the middle of a busy earnings reporting season. This week, the following key stocks will be topical. Bidcorp This is arguably the most antic...
What does this mean for Naspers? On Wednesday 17 August, Tencent reports second quarter earnings. Naspers owns 31,5% of Tencent, which is a material c...
11 August 2016
Steinhoff, the vertically integrated international mass market retailer and manufacturer, is once again writing out a cheque – this time for its first...
10 August 2016
In my last note dated 23 May (“Sandown Western Cape acquired”) I analysed the terms to buy Sandown Motors Western Cape dealerships as a going concern ...
8 August 2016
I’ve revised my MTN forecast again following release of the results for the six months ended 30 June 2016. A combination of weaker operating performan...
8 August 2016
Two disruptive public holidays for business within seven days. At least the Brits have it cracked by having bank holiday Mondays – in fact, dating bac...
20 July 2016
Kumba Iron Ore reports interim results on 26 July. Per the trading statement, earnings will essentially be flat on an adjusted basis. The company is g...
14 July 2016
I’ve been bearish on the Brait valuation for months now with a Trading Sell recommendation and a fair value south of the prevailing share price. It’s ...
17 June 2016
Cable & Satellite Media Naspers “Trading statement context” On Wednesday, the Bloomberg screens lit up with seemingly contradictory headlines – Nasper...