![JSEDirect with Simon Brown artwork](https://is1-ssl.mzstatic.com/image/thumb/Podcasts113/v4/c6/5f/c5/c65fc55f-4997-8019-475b-4b3a0da068fb/mza_45216628487168226.jpg/100x100bb.jpg)
Is Thungela still a buy? (#507)
JSEDirect with Simon Brown
English - August 17, 2022 14:30 - 23 minutes - 21.6 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: Embrace the risk (#506)
Next Episode: Spur looking good and Sasol dividends (#508)
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. Thungela resources (JSE code: TGA) still a buy?
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