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Podcast: WorldWide Markets with Simon Brown
Episode: #225: Sell the dogs (sorry dogs)
Description: Sell the dogs (sorry dogs) Simon Shares Ellies (JSE code: ELI) results were as ugly as expected and the company is being kept alive by their bankers at Standard Bank. Megatron is worthless after buying it for R180million in 2008 and spending some half billion keeping it afloat. A few weeks ago in FinWeek I said sell ELI at around 60c and I would not be a buyer now. Kumba (JSE code: KIO) results were not bad. They have got their cost down to $34/tonne from closer to $55 previously. It does mean less production to get...