Simon Shares

• PPC (JSE code: PPC) have made a deal with their DRC lenders. They potentially owed US$175million but now are only on the hook for US$16.5million. This stock was 60c in November and is now around 240c.
• Renergen* (JSE code: REN) says helium concentration is +3%. But reference the US has the current best concentration level at 0.35%.
• Sabvest (JSE code: SBP) results show a discount to net asset value (NAV) of some 50%. Add to this PSG (JSE code: PSG), Remgro (JSE code: REM), Naspers (JSE code; NPN) and Prosus (JSE code: PRX) discounts all in the order of 40% or more. The market is clearly hating on holding companies? Back in the day, a 30% discount was a lot, 15% about the average, and at times PSG has been at a premium to NAV.
• Ever Given is free, but shipping rates remain elevated as they were before Ever Given got stuck.
• MPC no change to rates, but changes to Q1 GDP and the vote.
• Goldman analysts say go long on Russia, South Africa stocks.
• Bank of America Securities conference on investing in SA had record offshore attendance with Clicks (JSE code: CLS) and Shoprite* (JSE code: SHP) topping the list of interest.

* I hold ungeared positions.

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