7 September 2016
I’ve cautioned on exposure to retail and apparel retail in particular for many months. Mr Price has been particularly overpriced in relation to its bu...
5 September 2016
This week, the following key stocks will be topical – Discovery, Sanlam and Steinhoff. With a collective market capitalisation of R530 billion these a...
29 August 2016
Recommendation I’d advise caution on exposure to interest rate sensitive stocks for the time being. Banks are particularly sensitive to fluctuations i...
25 August 2016
Following on from my interim pre-results note on 19 August, Sibanye has reported a respectable set of numbers with normalised EPS of 234 cents, 767% m...
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 ...