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Podcast: WorldWide Markets with Simon Brown
Episode: #256: Rand protection for your portfolio
Description: Simon Shares Capitec* (JSE code: CPI) through results got everybody talking about the "arrears coverage ratio" dropping to 208% vs. 223% previously and vs. 196% in 2015. This got all the attention last time as well, I not concerned and my 'aggressive' buy price is now around R719. I have some USD expenses due in the next week or so and have taken a hedge using NEWUSD* just in case. Anchor Capital results showed a serious slowing of growth but still a stock with a great looking future and at around 600c very attractive. I have bene trying to add to my...