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Podcast: WorldWide Markets with Simon Brown
Episode: #248: Investment clubs
Description: Simon Shares African Phoenix (JSE code: AXL) is back and trading around 55c after a trading update suggesting around 3c HEPS for the first half. With a potential for maybe 8c-10c HEPS for the FY17 that's a PE of around 5x. Local markets gained 4.8% in January, this time last year after a horrid January everybody was saying 'as goes January so goes the year". Well they was wrong and what January does is only what January does, not the rest of the year. Upcoming events JSE Power Hour: Tax-free investing Momentum portfolio stock picks for 2017/8 JSE Power...