JSEDirect 184: Q&A with Warren Peacock

Thoughts from Simon

• Sibanye (SGL) buying Anglo Platinum (AMS) unwanted mines for R4.5bn. This is R1.5bn up front and a further minimum payment of R3bn based on free cash flow generated. Good for AMS but for SGL we'll see. Can Neal Froneman (CEO of SGL) make profits where others couldn't? Certainly that is his reputation but this is not going to be easy. Also SGL shareholders now have a gold/platinum company when they initially bought a gold mining company, will that matter to shareholders?
• Sasfin (SFN), more great results form them and they're trading on a Price to Book (P/B) of around 1.5x which for them is reasonable.
• Santova (SNV) have issued a cautionary, no idea what it is about but I would think it is about an off shore deal rather than local. Management have been commenting that off shore if their future and they've recently surpassed half their profits coming from off shore (Hong Kong, Europe, Australia and UK).

Q&A with Warren Peacock from TheTradersPlace.co.za

• Thirty minutes of Q&A with Warren as he answers questions on trading, specifically;
• What to trade?
• What time frames to use? 
• The two different types of volatility.
• Managing trade and portfolio risk and more.

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