Jsedirect With Simon Brown

Simon Shares Day 174 of lockdown. Level 1? The Foschini Group (JSE code: TFG) trading update spooked the market, but it was the six months to end September. In other words, all lockdown. African Rainbow Capital (JSE code: AIL) results including an R750million non-renounceable rights issue. Trading at some 75% discount to the net asset value (NAV). Sure some decent assets, but the market has hated this one since listing. Super Group (JSE code: SPG) results were tough, especially as they have vehicle dealerships locally and in the UK. Pan African Resources* (JSE code: PAN) results saw debt halve and profits and cash flow essentially doubling. Remains the best gold miner on the JSE. Very solid Metrofile* (JSE code: MFL) results and I would think the delisting at 330c remains on track. Brexit deals seem stuck again over the hard border. * I hold ungeared positions. Two new ESG ETFs from Satrix. Upcoming events; 08 October ~ JSE Power Hour: Investing in local and global listed property Subscribe to our