#248: Investment clubs

Simon Shares

• African Phoenix (JSE code: AXL) is back and trading around 55c after a trading update suggesting around 3c HEPS for the first half. With a potential for maybe 8c-10c HEPS for the FY17 that's a PE of around 5x.
• Local markets gained 4.8% in January, this time last year after a horrid January everybody was saying 'as goes January so goes the year". Well they was wrong and what January does is only what January does, not the rest of the year.
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Investment clubs

A few requests on investment clubs; how to set them up, manage them, regulations etc. So here's my views, ideas and suggestion for getting your own investment club off the ground.

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