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Podcast: WorldWide Markets with Simon Brown
Episode: #282: Managing dreaded drawdowns
Description: Simon Shares Local markets have been making new all time highs and right now the sellers look shell shocked and unable to exert any real downside pressure. Taste (JSE code: TAS) results were just a shocker and they need money fast, real fast. Pick 'n Pay (JSE code: PIK) results were uninspiring. Like for like sales after inflation went down as they continue to lose market share and operating margins remains very weak at 1.6%. Calgro M3* (JSE code: CGR) not bad is we strip out the funnies. Memorial parks coming along and Western Cape drought hurting a bit...