PGMs flying, but not the miners? (#445)
JSEDirect with Simon Brown
English - May 05, 2021 22:30 - 19 minutes - 18.3 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
Simon Shares Purple Group* (JSE code: PPE) now has 1million clients across all platform. A wowzer number.
What an incredible milestone achieved today. Across all platforms & partners we've reached 1 million registrations. @CapitecBankSA @SATRIX_SA @BidvestBankSA @EasyEquities hard to describe how grateful I am to all you #invstr legends that challenge us to rise each day. 🙏🙏🙏
— Charles H Savage (@CharlesHSavage) May 5, 2021
Combined Motor Holdings (JSE code: CMH) full year results. Second half saw decent cash flow, back to profit and dividends. Metrofile* (JSE code: MFL) are cancelling 4.18628% of their treasury shares. MTN (JSE code: MTN) first-quarter update, good numbers with group EBITDA +21.3%. Forward PE of around 11x is decent as it's being priced as a utility, albeit was even better back at 6000c when forward PE was c8x. Revego (JSE code: RVG) cancelled the listing. Tax Tuesday: Tax obligations for global citizens Upcoming events; 06 March ~ JSE Power Hour: Finding income in JSE listings Subscribe to our feed here Subscribe or review us in iTunes PGMs Flying, miners not so much
Palladium above US$3,000 (all-time high)
[caption id="attachment_26363" align="aligncenter" width="888"] Palladium weekly chart[/caption]
Platinum above US$1,200 (six-year high)
[caption id="attachment_26365" align="aligncenter" width="888"] Platinum weekly chart[/caption]
Rhodium above US$29,000 (all-time high)
PGMs are considered a 'green' metal in that they help reduce CO2 emissions.
Demand remains above supply.
But production will increase. Scrap is increasing (especially with iron ore at records) Rand is strengthening and will likely continue to do soBut the listed miners are languishing nowhere, why?
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