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Podcast: WorldWide Markets with Simon Brown
Episode: #237: Dischem, CellC & Calgro M3
Description: Simon Shares Pick n Pay (JSE code: PIK) results. Everybody loves them but I am not wowed. Operating margin of 1.5% up from 1.3% is tiny. By comparison Shoprite (JSE code: SHP) is 5.6% and Spar (JSE code: SPP) is 2.8%. Like for like constant currency turnover grew 3.8% against selling price inflation of 5.5%, so still losing market share? New offshore ETFs from CoreShares. A S&P500 tracker and a Global Property fund. I have applied for the later. Up coming events; JSE Power Hour: 20th at 5.30pm - New offshore ETFs from CoreShares. Keith McLachlan fund manager at Alpha Wealth <...