Market Scorecard Yesterday the JSE All-share closed up 0.19%; it was a very quiet day due to no action coming from the West. Normally when I boot up my laptop in the morning I have around 120 unread emails, most of them are US news and research reports, this morning I only had 34 … Continue reading Will Football be Coming Home for Nike?
"What is equally astonishing is the "legacy" that Schultz has created, and must hand over to Johnson. 300 thousand employees who wear the green apron, and as Bright pointed out via a Motley Fool Tweet: "Since Howard Schultz brought @Starbucks public in 1992, the stock is up over 170 times in value. That's north of … Continue reading Keeping Starbucks Great
"Just a refresher, for their Pepkor stake, the 37 percent interest that Brait held, they got 15 billion Rand in cash and 200 million shares in Steinhoff. The shares have been sold for around 16 billion Dollars. About 80 Rand a share. They are going to use the funds to settle their 14.2 billion Rand … Continue reading Brait in Iceland
"The five year collective performance is even worse, down 75 percent. So whilst many in the chattering classes may think these companies are worth trillions, they are wrong. By my count and I include around 11 platinum miners and explorers, their collective market capitalisation is 120 billion Rand, I am excluding the likes of ARM … Continue reading Hunter slays Impala, Glencore and Anglo
"Stocks go up and down, in the end it is only the great companies that drive the levels of the overall market. For instance Aspen once traded at 5 or 6 Rand, I remember, as did Famous Brands, Steinhoff was 20 Rand a share not so long ago. Equally Anglo was under 100 Rand in … Continue reading You own companies
"You will remember that something similar happened last year when they released a trading statement that was also heavily impacted by currency moves. I think the company missed a trick by not giving more information on the impact of the currency, the SENS leaves a lot to the imagination which makes the share price move … Continue reading Massfart