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You're listening to Strictly Business
Podcast with Lindsay Williams.

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The JSC has closed its doors for another
day, so it's time for the 5 o'clock

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shadow.

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And as always on a Wednesday, it's Skulk
Lowe,

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who's a Portfolio Manager at PSG Wealth
Old Oak Division in Cape Town.

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Now, let me ask you a question, which sort
of comes from nowhere, Skulk.

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Have you heard of cryonics?

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Cryonics?

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No, not at all.

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Okay.

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Well, cryonics is the...

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it's sort of...

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as they say quackery in other words it's
it's been many times debunked by the

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medical profession it's where

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the scout blow decides that when he's um
87 years old he doesn't really want to die

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and who

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would want him to die i mean come on now a
dead world without scalp though is the

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worst place to

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wonder and they freeze him okay he decides
to be frozen and he pays an enormous

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amount of money because he's very vain and

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very rich and he pays an enormous amount
of money

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to be frozen and then in 150 years time or
something they realize that whatever he

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had they could cure or they

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can rejuvenate him and make him you know

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27 years old again so that's what he does
and he gets frozen now if you woke up

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and it was december i don't know about you
but i would know it was december even if

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they didn't tell me if they said mr lowe

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welcome welcome to the year 2178 or
whenever it is you And he'd say, oh,

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good.

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Well, I hope you have a good Christmas
because you'd know it was December.

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Are you getting that December feel
yourself?

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Sorry, Lindsay.

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Did you just this was the longest intro of
getting me to say, man,

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I feel I can hear Boney M in the shopping
centers.

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I can see the Christmas decorations.

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Yeah, I got the Christmas feeling.

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But, man, you're crayonics.

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Firstly, this is a great...

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So I was thinking, is this the same as
that guy, that Brian Johnson guy?

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I don't know if you heard about that guy.

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No, what guy?

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He is an entrepreneur, and I don't know
how many gazillion,

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millions of dollars he's actually spent to
actually try and reverse aging.

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So, yes, I saw an interview with him, and
it was a CNN reporter,

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a very highly respected reporter, and she
said to him, Do you honestly believe

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you're never going to die?

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And he said, yes, I'm never going to die.

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And I thought, no, here's a whack job.

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Well, we share that sentiment because,
yeah,

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I think maybe in 150 years for that guy
that's been frozen, maybe there'll be some

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advance.

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But, I mean, unfortunately, your body can
only so much.

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But I must say it's fascinating to sort of
follow this podcast.

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and listen to him.

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I mean, a few things I've found valuable.

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I mean, things how you should be treating
life and living healthier.

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Yeah.

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But it doesn't look happy, I mean, really.

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I don't know.

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Anyway, but yeah, you asked the question.

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We're in Christmas.

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This is now,

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we're on the 4th of December and we're
sitting with a market that's looking quite

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good.

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I mean, somebody asked me to say, oh, it's
been a tough market lately.

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I know it's been a tough market,

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but we're still sitting year to date with
performances well over 15% in the JSC.

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And I think this is fantastic.

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I still think December is most probably
going to be a little bit volatile.

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But if markets end in a few weeks'time,

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I think we should high-five each other and
celebrate this great, great year.

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Because I think we haven't seen...

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this type of performance on the jsu for
many many years and that's been very good

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and it's obviously um hanging on to the
coattails of the international markets

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notably uh the nasdaq notably the s p and
that is to a certain extent the dow jones

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but anyway let's get back to the jsc

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today we've had tiger brands and signia
out today they're the ones that caught my

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eye anything

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there for you yeah yeah well let's let's
let's run through it because there is

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there's been a few sort of companies sort

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of the unusual suspects the companies that
we haven't been speaking about let's let's

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talk to off a super group i think that was
a was a

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nice one again another 16 i mean

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it did that when they first announced the
sg fleet story in australia but today

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another 16

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Yeah, but today there was a little bit
more meat around the boat because, yes,

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they actually mentioned,

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we're talking about 7.5 billion the
company will be getting.

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And they actually now mentioned, they
said, well, we're going to be settling,

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let's call it close to 2 billion rands
worth of interest-bearing borrowings.

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And the rest, which they're talking about
approximately 16 rand 30 per share is

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going to be paid out, well,

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going to be distributed.

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That's huge.

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A lot of interest.

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That's massive.

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That is absolutely massive.

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And naturally, Mr.

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Mark had loved it.

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I mean, let's just put it in perspective.

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Even after today's 4.30 movement in the
share price, it closed at 32 rand,

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which pretty much tells you half of that
is going to be paid out and distributed to

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shareholders.

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That's massive.

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So, yeah, another 16% for the super group
shareholders.

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I'm not in it, so I'm not winning it.

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But, yeah, for those… Those who were in
it, I'm really, really happy for you.

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Well done.

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And just before we go on, so we have to be
very politically correct here.

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You said Mr.

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Market liked it.

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Okay, I would have to say that Mrs.

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Market liked it as well.

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And LGBTQ plus market liked it also.

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Now, what else did you see?

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Excuse me.

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What else did you see today?

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Okay, Mr.

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Williams, I saw...

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Tiger Brands, as you alluded to earlier,
they actually came out with year-end

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results.

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EPS increased by 4%, eventually ended up
at 18,10.

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And for those listeners out there, you
know, let's call it...

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Oh, man, the analyst consensus.

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There we go.

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Is that for a blank?

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There, how's that for a blank?

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Just a second now, for goodness sake.

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Anyway, carry on.

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The analysts are expecting you.

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The age-reversing thing is not working on
me.

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I mean, you can clearly see things are
already going, man.

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It's going.

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But anyway, analysts expected 17 rand, 8
cents.

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And yeah, that's a massive beat.

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It's close to one rand.

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It helps, you know, beat for the company
and the market.

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Really loved it as well.

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You know, so Tiger Brands ended the day up
3.64%.

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So yeah, I think that's the… Because it's
been a company that's been troubled over

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the years, hasn't it?

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Oh, man.

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Let's just… Talk about the big L.

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And we're not talking about love.

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We're talking about listriosis.

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I mean, I think it's sort of beyond the
company now.

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And you can see the company is doing well.

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And for the listeners out there, I mean, I
just, for just having fun, I always

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usually, when I look at these companies,

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I try to just go and look at some of the
brands.

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I mean, Mrs.

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Ball's Chutney, Black Cat Peanut Butter,
Tastic, Cross and Black, Koo.

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Doom, Albany Bread, Orgold.

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I mean, it's just, I can, the list is
extremely long for the brands.

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And they're in the low larder, aren't
they?

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The Skunkberg larder is full of Tiger
brands.

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No, I need to put my cards on the table.

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I'm not a shareholder.

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I've been a shareholder for many years in
AVI.

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Preferred that entry.

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And yeah, it's been a kind investment for
me as well.

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The company has also been doing very, very
well.

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But...

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today is uh you know the day for tiger
branch to to shine and and that really did

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shine i mean so it did really really

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well and um i think it's it's it's really
good good to see good what's the other one

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that i was really thinking of listriosis
is one thing and i do

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remember that but they made a very
injudicious investment into a flower

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company from what's the company what's

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the what's the giant conglomerate in
nigeria that they bought the flower

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business from please to please remind me

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you're right you're right I'm going to
talk now, and then you're going to Google,

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and then we're going to play this.

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You overestimate my ability to do two
things at once.

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But anyway.

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Mr.

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Multitask.

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Anyway, but, yeah, I think today that was
good.

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We'll find that.

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But then also resilient.

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Dangote.

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It was Dangote, wasn't it?

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They bought Dangote flour, and I haven't
looked it up.

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No, I haven't looked it up.

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I promise you, that's my fertile mind.

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with or without creosis uh whatever i said
earlier on the i'm i'm

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my mind is mossy today yeah you're not
ready to be frozen yet you're not ready to

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be frozen yet i think we should still do
this podcast for at

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least the next we've got another at least
another two podcasts before the end of the

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year that that's that's fine and then
we'll draw a veil over what has

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been a very good 2024 for certain people
notably uh yourself Today, though,

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we've been speaking about potentially
there being some action between now and

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the end of the year,

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but everything's going remarkably
smoothly, and I have to say, rather

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boringly.

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Yeah, I think you and I, you know, two
weeks ago when this whole, let's call it

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Trump was now,

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we know it's been done, dusted, he's now
going to be the new president of the USA.

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You and I said, well, this is going to be
fun.

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I mean, really.

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And then he started talking and he's been
saying, you know, tariffs and tax cuts.

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And he's actually sort of doubled down on
some of the stuff he said in the election

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buildup.

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You know, one of the things he actually
said.

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over the weekend was the BRICS comment.

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I mean, BRICS.

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Yeah, 100% had some BRICS.

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There we go.

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There we go.

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We're going to slap you with 100% tariffs.

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You, I mean, thinking that you're going to
start creating your own currency, I will

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stop that right there.

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I actually thought that the round would
be, you know, under massive, massive

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pressure after that.

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But this is the type of things that we've
been getting used to over the past two

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weeks.

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And you and I have been chatting about
this.

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This is kind of this.

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This is week three.

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And we haven't really seen the volatility
which we've been expected.

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But hey, I mean, December is only four
days old.

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Four days old.

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We're still going to have fun.

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We're still going to have fun.

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I reckon we are.

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Let's have a look at some of the markets
today because, you know, we can't dwell on

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the matters that aren't actually there.

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We've done everything that we can on the
JSC.

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And I like that Super Group and Tiger
Brand story.

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Dollar Rand, which you just mentioned.

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1813, just the dollar.

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very slightly higher against the local
currency.

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The British pound against the rand is
23.01.

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The euro rand, 19.08.

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Euro dollar, 105.25, which again, barely
changed.

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British pound against the US dollar,
126.95.

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Your gold price, I call it your gold price
because it is, you own it, 26.52, which is

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up $7,

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gratifyingly quiet.

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Platinum price is 9.51.

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00:11:33.004 --> 00:11:39.547
which is down a few dollars and the
palladium price up a few dollars at 987

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but both of those white metals still

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mired under 1000.

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okay s p 500 futures uh went to all-time
record highs yesterday and today what have

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i got here i've got six

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00:11:50.471 --> 00:11:55.534
thousand and eighty one and a half six
thousand eighty one and a half for the

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00:11:55.534 --> 00:11:57.534
december futures which will become

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00:11:57.534 --> 00:12:02.121
an x futures contract quite soon it'll go
to march as the December futures expire.

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But anyway, nonetheless, all-time record
highs up 0.3%.

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The South African 10-year bond, 9.13%.

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00:12:10.127 --> 00:12:15.270
The US 10-year treasury bond, all
important, of course, 4.24%.

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And the Bitcoin price, which everyone said
will be soaring through 100,000 a couple

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00:12:21.474 --> 00:12:21.594
of weeks ago,

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00:12:21.915 --> 00:12:26.518
is just below 96,000 now, 95,964,

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which is up 0.8%.

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00:12:30.020 --> 00:12:30.821
scale.

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Quickly on the oil price.

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It's been remarkably quiet recently.

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00:12:34.363 --> 00:12:35.603
I'm just looking at the graph now.

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00:12:36.104 --> 00:12:39.466
It's more, by oil standards, it's been a
flat liner recently.

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00:12:39.886 --> 00:12:43.728
$73.40 for Brent crude, down a quarter of
a percent.

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00:12:44.228 --> 00:12:50.912
And West Texas crude, $69.72, which is
down a third of a percent as well.

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What shares, apart from the ones that
we've spoken about, caught your eye on the

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JSC today, please?

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Any others?

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00:12:59.275 --> 00:13:01.598
I think I mentioned most of the companies
that did.

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00:13:01.658 --> 00:13:03.339
Let me just quickly apply my mind again.

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00:13:03.719 --> 00:13:06.101
I think oh, no.

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00:13:06.501 --> 00:13:07.221
No, that's it.

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00:13:09.362 --> 00:13:10.623
Okay, let me show you.

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00:13:10.823 --> 00:13:15.226
Let me just tell you what I've got on my
screen here, the ups and the downs.

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I'll refresh my screen quickly and go
through them.

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Tiger Brands up 3.2%, as you said.

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The Absa Group, 3.2% higher as well.

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00:13:24.271 --> 00:13:25.351
That came from nowhere.

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00:13:25.651 --> 00:13:30.753
Pepcor up up to, let's call it 3%, and
Barlow World, also 3% higher.

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On the downside, and you can tell me if
there's any ex-divs there, Alphamin down

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00:13:37.515 --> 00:13:39.515
6.8%, Coronation down 4.1%,

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00:13:39.515 --> 00:13:42.716
Exaro down 2.8%, Anglo-American PLC a
2.25% loser,

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and Northern Platinum down 1.8%.

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00:13:45.257 --> 00:13:46.617
Any ex-dividends there, Skulk?

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00:13:46.798 --> 00:13:47.698
Yeah, only Coronation.

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00:13:47.738 --> 00:13:53.839
Coronation has been fairly resilient
lately, so yeah, I think it was only

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00:13:53.839 --> 00:13:55.839
Coronation that they knocked off

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00:13:55.839 --> 00:13:57.839
2 round 28.

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00:13:57.839 --> 00:14:01.865
dividend so that's that's why they had a
bit of a retracement okay closing indices

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00:14:01.865 --> 00:14:03.865
if you would and the trading volumes

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00:14:03.865 --> 00:14:09.931
so the jse today closed at 86 315 points
that is up 58 basis

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00:14:10.032 --> 00:14:11.032
points the

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00:14:11.473 --> 00:14:18.018
jse top 40s similar to the movement 56
basis points in the green resources again

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00:14:18.498 --> 00:14:25.144
again struggling a bit to to keep them
some positive down 60 basis points while

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00:14:25.144 --> 00:14:27.144
the industrials they were up

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00:14:27.144 --> 00:14:29.144
76 basis points.

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00:14:29.144 --> 00:14:31.144
And you mentioned apps a little bit
earlier.

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00:14:31.144 --> 00:14:31.408
And naturally, there was definitely some
movement in the financials.

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00:14:31.448 --> 00:14:34.130
Financials up 1.1%.

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00:14:34.491 --> 00:14:35.391
Is it property again?

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00:14:36.412 --> 00:14:41.095
As mentioned, one of the companies
updated, Resilient actually updated.

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00:14:41.556 --> 00:14:42.596
And it's looking good.

300
00:14:42.756 --> 00:14:44.878
Seems like things are improving on that
side.

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00:14:45.450 --> 00:14:48.391
Property index also up 43 basis points.

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00:14:48.391 --> 00:14:53.552
When you look at their volume traded, not
too bad for, let's call it, a 4th of

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00:14:53.552 --> 00:14:53.712
December.

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00:14:53.972 --> 00:15:00.294
We're going to be touching that 20 billion
for today, so clearly not some bad volumes

305
00:15:00.294 --> 00:15:02.294
through the market.

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00:15:02.294 --> 00:15:04.294
So let's see.

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00:15:04.294 --> 00:15:06.976
Let's see when things start quieting down
or maybe we'll see some excitement.

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00:15:07.576 --> 00:15:10.337
I will see you for more excitement on the
11th of December.

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00:15:10.597 --> 00:15:14.738
It might be our last, but I'm going to try
and squeeze another one.

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00:15:15.078 --> 00:15:19.160
out of view on the 18th. But anyway, thank
you very much, Scalp, as always.

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00:15:19.180 --> 00:15:22.501
Go and jump in the freezer if you feel the
need.

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00:15:22.981 --> 00:15:27.203
And Scalp Lowe is a portfolio manager at
PSG Wealth Old Oak in Cape Town.

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And that was the 5 o'clock shadow.

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The views and opinions expressed in these
podcasts are those of Lindsay Williams and

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00:15:36.227 --> 00:15:38.227
various contributors and do not reflect
the policy,

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00:15:38.227 --> 00:15:40.748
position, or opinion of any other agency,
organisation, employer,

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00:15:41.089 --> 00:15:44.630
or company associated with
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