BROKERS’ NOTES: Build coal stocks, sell Sanlam

First, it’s paid down its debt and its cash flows in the second half of the year will be a lot stronger than the first half. That will support the payment of a special dividend, despite the hiccup of a force majeure that we’re likely to experience for the next couple of weeks. Also, the average rand price of coal for the second half will be about 15% higher than the first half. On that basis, and the fact that it’s trading on a p:e of 3.

Anyone else is going to be in trouble.Insurance companies are generally dependent on market performance to support their valuations and need economic growth to support their bottom line, but we’re going into a recession in SA. I think that the insurance market where Sanlam plays is constantly being challenged by other financial services companies so its margins are constantly under attack.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BROKERS’ NOTES: Build coal stocks, sell SanlamAshraf Mohamed of Cornerpiece Capital on what the smart money is doing
Source: FinancialMail - 🏆 20. / 63 Read more »

BROKERS’ NOTES: Build coal stocks, sell SanlamAshraf Mohamed of Cornerpiece Capital on what the smart money is doing
Source: FinancialMail - 🏆 20. / 63 Read more »

Global stocks lift after overnight rally in US sharesUS stocks surged to close more than 2% higher, as investors covering short bets drove a rebound from an earlier sell-off
Source: BDliveSA - 🏆 12. / 63 Read more »

Optimum Coal Mine dismisses illegal mining allegations by DA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Democratic Alliance (DA) in Mpumalanga alleges that illegal mining activities are taking place at the Gupta-owned Optimum Coal Mine in Hendrina. There's no mine in South Africa currently under Gupta ownership. SHIT reporting from Stratcom. Why is there even a Gupta-owned anything in this cowntry Cost of living increases everyday, low income and unemployment is crumbling our economy and our society. The best way to defeat this is getting extra income by investing in Crypto and stocks. Invest with a legitimate source and avoid getting CONNED. Trade with Ambery_Marcus1 ,,
Source: SABCNews - 🏆 37. / 51 Read more »