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Podcast: WorldWide Markets with Simon Brown
Episode: Bankruptcy (#421)
Description: Simon Shares PPC (JSE code: PPC) results. The $150million debt in the DRC is the problem. If they solve that they'll do a rights issue. If not they're bankrupt. The president's speech on Thursday should give them some hope as he likely promises lots of energy and infrastructure spending. Balwin (JSE code: BWN) results. Not bad considering, they paid a dividend and I like them at current prices. Coronation* (JSE code: CML) issued a good trading update. With Purple Group* (JSE code: PPE) they are my two preferred financial stocks for the post-pandemic bounce (actually making money during...