Education Stocks: Winners and Losers
- Stadio: Strong performance with double-digit growth and 50,000+ learners. Benefiting from a shortage of university spaces and the struggles at UNISA. Potential for further growth through distance learning and university status.
- ADvTech*: Long-term holding with solid but not as aggressive growth. Strong presence in tertiary education and schools. Expansion into East Africa showing promise.
- Curro: Disappointing results with flat learner numbers and write-downs on buildings. Struggles may be due to internal issues or broader economic pressures on lower-income consumers.
Commodity Movers: Copper & Rhodium
- Copper: Near all-time highs due to demand from EVs, data centers, and energy transition. Companies like BHP*, Anglo, and Rio ramping up production. Simon is playing the copper trade through BHP Group.
Copper | Weekly | 25 March 2025
- Rhodium: Seeing a price recovery after a prolonged downturn. Benefiting PGM miners, though still far from peak levels.
- Platinum & Palladium: Relatively stable within established price ranges.
BYD's Breakthrough in Battery Tech
- BYD claims a five-minute charge for 400 km range, setting a new benchmark for EVs.
- Outpacing Tesla and other competitors in rapid-charging efficiency.
- Dominating the affordable EV space with sub-$10,000 models.
- Tesla’s Market Share Decline in Europe
- Tesla’s share of the European BEV market dropped from 21% to 9.6%.
- Competitive pricing from BYD and lack of Tesla model updates.
- CEO Elon Musk’s political involvement potentially affecting brand perception.
Remgro: Growing Discount to NAV
- Reported net asset value (NAV) of R276.89, but share price only R155.
- The discount to NAV is reaching extreme levels.
- Historically, Remgro traded at a much smaller discount, raising questions about potential revaluation.
Simon Brown
* I hold ungeared positions.
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00:00 Market Overview and Education Stocks
06:51 Commodities: Copper and Rhodium Insights
13:34 Electric Vehicle Market Dynamics
18:02 Remgro's Financial Performance and Valuation Insights
