Investor. Technical share trader. Semi-retired CA(SA). Conservationist. Happily trading & charting the ASX and JSE for more than 20 years.
Tweets are not advice
Apr 27, 2021 • 9 tweets • 2 min read
Revego listing:
Below is a thread with some thoughts and opinions. Other than the listing facts (1-3) the rest are just that: one person’s calculations and opinion. Does not make it right or wrong. Suggest read the docs and all other opinions, and formulate your own view.
1/ Revego listing:
Fund will invest in renewable energy assets located in sub-Saharan Africa. Initial focus is on South Africa.
Listing date: Thu 29 April 2021
JSE share code: RVG
Offer price: R10.00
NAV per share: R9.30
Initial dividend yield: 9%-10%
Sep 2, 2020 • 10 tweets • 2 min read
HMN Rights Issue: Below is a thread with a recap of some further info & thoughts. Most NB is that if you do not wish to take up your rights (the outlay is significant) then sell. And do not let your rights expire worthless.
HMN: Asset sales plus rights issue will raise £825m. Gearing will be reduced to 57% (well within covenants) and LTV to a reasonable 42%. There appears to be adequate headroom even if values decline by a futher 20% [in addition to -24% already taken at June].
1/9
Apr 26, 2020 • 8 tweets • 1 min read
Draft "lockdown" legislation: Some items of interest from the document published yesterday.
Full doc is here: gov.za/sites/default/…
Draft legislation: Restaurants:
Level 5: Restaurant and take-away not permitted.
Level 4 & 3: Only food delivery (9am-8pm) and subject to curfew. No sit-down or pick-up allowed.
Level 2: Only take-away and delivery.
Level 1: Sit-down, take-away and delivery permitted
Sep 1, 2019 • 6 tweets • 2 min read
1/ I see dozens of tweets like this. People scared witless and 'divesting' out of SA no matter what the cost (often 36% tax on hard-earned pension savings) and without thinking it through. Sure have some offshore exposure, but unless you are emigrating in the near future...
2/...do not destroy your pension savings in a knee-jerk reaction to scare-mongering. At least wait a bit. The JSE still offers substantial off-shore earnings and SA Inc stocks are at attractive valuations. Interest is picking up & value is starting to crystallize.
Jun 16, 2019 • 10 tweets • 3 min read
1/ NPN NewCo: Naspers is effectively lifting & shifting 25% of the market cap of NPN from the JSE to Euronext Amsterdam. NewCo is expected to be Europe's largest listed consumer internet group by asset value.
2/ NPN NewCo: Naspers expects the Newco listing to reduce the current discount, albeit over time. They calculate that every 5% reduction in the discount equates to $8.5bn of value for shareholders. They expect significant active & passive incremental capital flow into NewCo.
May 16, 2019 • 6 tweets • 1 min read
1/ Investec: Most interesting part of the results is trying to glean some info on the Asset Management biz which will be spun out later this year. It looks good to me.
2/ Investec AM: AUM increased by 7.3% to £111.4bn with net inflows of £6.1bn. Inflows were well divided between SA and UK. This is good for the geographic spread. We've seen how Coro has struggled to grow its international biz, so it's not easy to establish.
Mar 27, 2019 • 11 tweets • 2 min read
Kieran, you are not the only person troubled by this, so I will respond in detail below. Will keep it very simple and basic. May be too simplistic for your needs, but may be of help to others.
JSE listed ETFs tracking foreign indexes, such as STXNDQ and STX500 are definitely Rand hedges and excellent ones too. Basically, the underlying assets, which are denominated in US$ are converted at the ruling rand exchange rate to arrive at the currently traded Rand price.
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Jan 2, 2019 • 8 tweets • 2 min read
Don't panic Dan. Rough markets hit about once a decade. Overseas is not necessarily the answer - global markets have had poor returns too and arguably may have further to fall than our already beaten down assortment.
Some suggestions:
1/Focus on quality. I do not know what you are invested in but if it's a RA make sure the underlying funds are managed by a quality asset manager. Know who the actual portfolio mgr is & investigate him/her. Be wary of 'boutique' managers with grandiose fund names.
Dec 7, 2018 • 9 tweets • 3 min read
Hi Karabo. Best I can answer is just get started. Open a brokerage account and buy a stock. Not with the object of making money (that comes later), but to learn. A world of financial freedom awaits, but slowly. The stock market is a lifelong love affair. Below are some pointers.
1/ Open a stockbroking account. For small amounts (absolutely fine) I'd look at @EasyEquities. For larger amounts or once you've built up more capital, I'd go with @SharenetZA or @SBGTraderZA. Service and help is crucial. Standout for that is Sharenet.
