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Podcast: WorldWide Markets with Simon Brown
Episode: #284: How important is a trading system?
Description: Simon Shares Famous Brands* (JSE code: FBR) results were nasty. Local was weak but the real issue is the UK GBP purchase that cost a bunch and is not performing. Long4Life (JSE code: L4L) is now 510c as I record. Nice price and a lesson that we must never chase stocks. Sasfin (JSE code: SFN) has a price-to-book (PB) of around 1x and that is always a buy signal for the stock. Ungeared and hold until PB is 1.4x or higher, about 12-18 months typically. You'll get NAV uplift, dividends and the price gain above NAV...