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Podcast: WorldWide Markets with Simon Brown
Episode: Spur looking good and Sasol dividends (#508)
Description: Simon Shares Nasdaq (650 points), S&P500 (80 points) & Euro Stoxx50 (22 points) trades all closed. FTSE100 still going currently +100 points. Old Mutual BEE deal, will go into details, but it only closes in late October so no rush. Spur (JSE code: SUR) looking very good. PE ±15x and DY ±5% From the Spur earnings call "And we know that only 18% of the South African adult population represents 80% of economically viable consumer segment." Revenue at record with space to get margins back to pre-pandemic levels. Net income margin was ±5%, historically over 20%. [caption id="attachment_36416" align="aligncenter" width="849"] Spur; revenue, net income, NI mar...