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Celebrating 500 episodes (#500)

An episode of the WorldWide Markets with Simon Brown podcast, hosted by JustOneLap.com, titled "Celebrating 500 episodes (#500)" was published on June 29, 2022 and runs 21 minutes.

June 29, 2022 ·21m · WorldWide Markets with Simon Brown

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Simon Shares

  • Episode #500. Huge thanks to all, I go into some background about the show. Where and how it started, lessons learnt and more.
  • Stage 6, the Rand lost 30c.
  • Sun International* (JSE code: SUI) update for five months to 31 May 2022 shows they are nearly back at pre-pandemic revenue and this while we still had some restrictions and fewer international travellers.
  • Naspers (JSE code: NPN) / Prosus (JSE code: PRX) results. Tencent (Hong Kong code: 700) is 125% of profits. The other businesses are all loss-making and in tough markets. They plan to sell down Tencent and buy back Prosus shares, but the discount to NAV remains around 50%, even after a massive move on the announcement.
  • Grindrod (JSE code: GND) good update and share has been flying. This remains a very cyclical business and right now the cycle is paying off.
  • Invicta (JSE code: IVT) saw strong results albeit some accounting points improved them a bunch.
  • JSE (JSE code: JSE) trading update is surprisingly strong with HEPS expected +24%-32% for six months ending June.

* I hold ungeared positions.


 

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