Description

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

* I hold ungeared positions.