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Show Notes
Simon Shares
- SEC sues Binance and CEO for U.S. securities violations.
- SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency.
- First quarter GDP was 0.4% and we avoid a technical recession.
- Pepkor (JSE code: PPH) price slide.
- Tigerbrands (JSE code: TBS) horror results.
- Oceana (JSE code: OCE) results knock it out the park.
Sun City visit. Excellent resort, but very quiet which many commentators suggest is because it's a random weekend in June?
I sent this past weekend at Sun City, vacation club. Some thoughts.
The resort is world class, well maintained with a ton to do for kids and adults.
1/n pic.twitter.com/29yaV2GP8b
— Simon Brown (@SimonPB) June 5, 2023
Buying SA Inc.
Not yet but building a watch list with the plan being to buy 10-15 stocks over the months ahead.
Why?
- Inflation comes down
- Rates decrease
- Load shedding ends (Renewable Energy Grid Survey points to 66 GW development pipeline in South Africa).
- Government finds a way out of the ICC Putin arrest warrant mess.
- Rand improves (already 100c better than the R20/US$ of last week)
- I hold ungeared positions.
Simon Brown