Is Thungela still a buy? (#507)
WorldWide Markets with Simon Brown · JustOneLap.com
August 17, 202223m 4s
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Show Notes
Simon Shares
- BHP Group* (JSE code: BHG) results, have we peaked?
- Absa (JSE code: ABG) results, but maybe the ore important point of the results is their expectation that prime will hit 11% early in 2023.
- Chip shortage seems to be easing.
- Nasdaq is in a bull market, +20% off mid-June lows.
- Brent oil falling.
- Current petrol price reduction is 260c for September.
- UK inflation is 10.1% for July.
- Charles Savage tells us his fav ETFs
- Rochelle Writes, pay down debt or save more with high rates.
R60 dividend, 40% forward DY
HEPS 6723c, forward PE 2.5x
Mis-priced at listing, unbundling often cause this to happen.
Ukraine's war gave it new legs.
Risks
- Coal price
- Rand strength
- Ukraine war
- Transnet