Naspers Stock Split | UK Yields At Worst Levels This Century WorldWide Markets With Simon Brown podcast

Content provided by JustOneLap.com. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by JustOneLap.com or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

WorldWide Markets with Simon Brown »
Naspers Stock Split | UK Yields at Worst Levels this Century

6d ago 22:45

MP3•Episode home

📌 Key Themes This Week

📊 Naspers share split – AGM approves a 5-for-1 split to make shares more affordable for smaller investors.
💬 Jackson Hole update – Jerome Powell’s last appearance as Fed Chair, shifting focus from inflation to jobs. Markets pricing in September & December rate cuts with high certainty.
💸 Trump & the Fed – Trump fires Fed Governor Lisa Cook ❌ and pushes to pack the Fed with rate-cut friendly members.
🇺🇸 Intel stake – Trump administration takes a 10% stake in Intel via the Chips Act, raising questions about “state capitalism.”
📉 Dollar weakness – Dollar index slides, Rand strengthens to R17.44, risk-on sentiment in global markets.
💷 UK debt crisis – 30-year gilt yields at levels last seen in 1998 (5.6%). Mounting debt costs threaten stability.

📈 Company Results & Market Moves

🏫 ADvTech*
- Strong results: 5-year CAGR → Dividends +24%, Revenue +13%, EPS doubled.
- Enrolments still growing vs. competitor Curro shrinking.
- Expanding into tertiary education in Ghana 🇬🇭.
- Solid valuation: PE ~15, dividend yield ~3%.
🚢 Grindrod
- Decent numbers, disposing businesses to strengthen balance sheet.
- Awarded 3rd-party rail access via Transnet 🚂.
- Cheap valuation: PE ~8, Price/Book ~1.
🛢️ Sasol
- Results stronger than expected: Free cash flow R12bn (up from R7bn).
- Stock rallied past R120, eyeing R140.
- Needs stronger chemical markets, higher oil & weaker Rand for tailwinds.
⚙️ Nvidia (results pending)
- Market eagerly awaiting numbers. Results due Wednesday aftermarket.
🪖 Rheinmetall
- German defence stock up +160% YTD on European defence demand.
- Valuations stretched (PE 89 vs. mean 23). Possible overheated trade.

🌐 Macro Watch

📉 US inflation & rate cuts – Markets expect two cuts in 2024, possibly November too. Powell less worried about inflation at 2.5–3%.
🏦 Tariffs & inflation – Spread over time, reducing immediate shock but sustaining price pressure.
💵 Debt & inflation – Inflation helps deflate $30T US debt mountain faster.
💷 UK bonds – Debt costs rising sharply, pushing the UK into deeper fiscal stress.

📌 Quick Hits

📉 S&P 500 at 23x earnings – Historically, this leads to flat 10-year returns (±2%).
💱 Dollar trend – Weakening outlook continues, aligning with Trump’s economic policy.
🇩🇪 Rheinmetall boom – Defence spending pushes stock sky-high, but risks of overheating.
📚 ETF database update – Now includes active ETFs 👉 justonelap.com/ETFdatabase.
🎥 Power Hour – Live session Tuesday 17:30 SA time, replay available later.

🎙️ Host: Simon Brown 📅 Recorded: Tuesday 27 August 2024 💡 Powered by Standard Bank & Shyft app

👉 Markets are on a risk-on rally 🚀, but with high valuations, debt risks, and political interference at central banks, caution remains the watchword.

Simon Brown

* I hold ungeared positions.

All charts by KoyFin | Get 10% off your order

569 episodes

#Business News #Trading #Business #JustOneLap.com #Simonbrown #Southafrica #News #Investing #JSE #Marketing