JSE delisting; can we spot them in advance and profit? (#597)

Jerome Powell's Statement: Rates left unchanged in the US. Possible rate cuts on the table for September. US MPC meeting on 19 September. Data needed: improving inflation and higher unemployment. Oil and Gold Market Update: Brent Crude: Under pressure, signaling weak global demand. Lower highs trend since June 2022. Support at $72.50 and resistance around $88. Brent Oil | 01 August 2024  Gold: Trading near all-time highs. Strong central bank buying. Uncertain targets, but bullish sentiment persists. Gold | 01 August 2024 Potential JSE Delistings: Criteria: Dividend yield > 0, market cap 100, P/E Initial search yielded 53 stocks, refined criteria (dividend yield > 5%) narrowed it down to 25. Top candidates: African Media Entertainment, Argent, Combined Motor Holdings*, eMedia, Frontier Transport, Home Choice, Mustek, PrimeServe, Transpaco. Shoprite*: Trading at all-time highs. 12% revenue increase, 6.3% like-for-like growth, 5.8% inflation. Successful new store formats (PetScience, Checkers Outdoor, UNIQ Clothing, Little Me). Woolies: Disappointing trading statement. Comparable store sales up 6.9%, inflation at 7%, volume decline. Heps down 14-19%, market expectation miss. RSA Retail Bonds Update: New Rates: Two-year at 8.75%, three-year at 9%, five-year at 10.25%. Rates have been declining since June. Simon Brown * I hold ungeared positions. All charts by KoyFin | Get 10% off your order