Inflation, it ain't over. So what about rates? (#574)
JSEDirect with Simon Brown
English - February 14, 2024 13:28 - 17 minutes - 16.6 MB - ★★★★★ - 13 ratingsInvesting Business News Business News invest investing trading jse south africa stock market online standard Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Has Canal+ won already? The answer is yes. (#573)
Next Episode: Budget 2024 panel with AJM Tax (#575)
Pick n Pay* Chart Analysis Resistance zone around 26, potential to touch 26.70 Higher highs, higher lows, horizontal resistance Target: 30 bucks to fill the gap Comments on Pick n Pay's potential under Sean Summers No need for a rights issue, potential market spook if it happens Simon's position: Started building, considering more Current status: Down 1.7%, trading at 25.30
Pick n Pay close 13Feb24 (daily)
Transaction Capital and WeBuyCars Transaction Capital planning to list WeBuyCars Unbundling process expected in March Valuation: 7.5 billion rand Key information: Founders' put option on Transaction Capital is off the table WeBuyCar's strong performance in January with a record 14,000 cars sold Market Cap of Transaction Capital: R6.5 billion Opportunities and challenges in SA Taxi business Overall assessment: Looking not too bad Current stock level: 850c Expectation of pro rata shares for Transaction Capital holders Timing details expected in the circular Gold Price Movement Gold weaker despite US and UK inflation data Current gold price and chart analysis Simon's position in Anglogold Ashanti* Observations on unexpected weakness in gold price after inflation data Canal+ Offer for MultiChoice MultiChoice facing a 105 rand Canal+ offer Market sentiment: Canal+ likely to come back with a better offer Current stock price: 104.63 Speculation on possible offer prices: 120, 135, or even 160 Market confidence in Canal+ making a mandatory offer
Global Market Trends and Dollar Strength
Dollar strength in global markets DXY trading at 104.87 Money flowing into the US due to fear and concerns Impact on Rand: Trading at 19.07 Market skepticism about inflation concerns Inflation Analysis Recent US and UK inflation data Market reaction to inflation numbers Central bank concerns about reaching inflation targets Jerome Powell's cautious approach and potential rate cuts Local inflation expectations and potential rate cuts in South Africa The challenge of getting back to the inflation target