PSG Financial Services

PSG Financial Services

por PSG Financial Services

Administración Noticias de negocios

Temporada 7

Tools available to investors to provide comfort from an investment perspective

Investors should reflect on what’s available to them because they don’t want to be too rand-exposed, and their portfolio should be able to weather the shocks; those global events and national events’ – Wendy Myers, head of securities at PSG Wealth.

Could JSE delistings be discouraging investors?

Adriaan Pask, chief investment officer at PSG Wealth, outlines the reasons behind the reversal and explains that diversification nevertheless remains crucial.

Update on economic and market progress in 2024

When the election passes, at roughly the same time we expect that energy supply will start to improve, which may spark some interest from foreign investors – PSG Wealth CIO, Adriaan Pask.

What are some of the risks in fixed-income markets?

Inflation, counterparty, and liquidity risks are just a few that investors need to be aware of: Adriaan Pask, CIO – PSG Wealth.

A leading market analyst’s outlook for 2024

Among the main drivers of volatility to watch out for this year are the outcomes of myriad global elections, so hang tight and be positive: Adriaan Pask from PSG Wealth.

What the 2023 local market returns mean for 2024 investors

If the JSE comes off quite a depleted base, it certainly can be a key tool for you to achieve your financial goals.

Temporada 5

To list or not to (de)list - What the future holds for Africa's largest stock exchange: PSG Think Big Series

Dr Leila Fourie: Group CEO: JSE Facilitated by Alishia Seckam: Broadcast and financial journalist. Dr Fourie was appointed as Group CEO of the Johannesburg Stock Exchange effective 1 October 2019. She also held the role of inaugural Co-chair for the United Nations Global Investors for Sustainable Development convened by the UN Secretary General, from 2019. With over 30 years of international experience, primarily in financial services, Leila Fourie has served on multiple boards and held senior roles in banking, capital markets and payments. The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold. https://www.psg.co.za/news-and-publications/events-and-webinars The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.

Investment Idea: Redefine Properties - 16 September 2024

Since our last report in June 2024, the share price has increased by 18% from R3.8 to R4.5. Although the upside to our intrinsic value has decreased, we maintain our buy recommendation due to our view that there should be a further outperformance indicating an upside as high as 15% in our bull case. Since then, there hasn’t been any significant new information prompting a change in our intrinsic value or change in recommendation. Bond yields, however, have decreased from 11.75% to 10.71% in line with our expectations of yield level depression towards the long-term average of 9.50%. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.

Investment Idea: Sibanye Stillwater - 12 September 2024

Our last report in May covered the 1Q24 sales and operating update for Sibanye. We highlighted balance sheet concerns and noted that the group was engaging with lenders to increase debt covenants. The following events have taken place since: Sibanye released a trading statement on 2 September 2024 indicating that EPS were expected to decline by more than 100% and HEPS expected to decline between 97% and 98%. Sibanye’s lenders have agreed to raise the net debt to adjusted EITDA debt covenant from 2.5x. Sibanye concluded Section 189 consultations for its SA region. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.

Investment Idea: Nedbank - 11 September 2024

On 6 August 2024, Nedbank released its 1H24 results which were characterised by: Headline earnings increased 8% driven by non-interest revenue growth and lower impairments. However, total comprehensive income (which includes other comprehensive income) for the period declined by 26% as the share of losses in other comprehensive income from investments using the equity method (Ecobank investment) increased from R348 million to R1 117 million. Net interest income increased 2% driven by daily average interest-earning banking assets increasing 3%. The net interest margin decreased from 418 basis points to 413 basis points driven by pricing. Non-interest revenue increased by 7% driven by net commission and fee income increasing by 8% and net trading income increasing by 14%. Expenses increased by 8% due to staff costs increasing 8% due to 5% average annual increases and more expensive mix of employees. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.

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