Education Stocks: Winners and Losers * Stadio: Strong performance with double-digit growth and 50,000+ learners. Benefiting from a shortage of university spaces and the struggles at UNISA. Potential for further growth through distance learning and university status. * ADvTech*: Long-term holding with solid but not as aggressive growth. Strong presence in tertiary education and schools. Expansion into East Africa showing promise. * Curro: Disappointing results with flat learner numbers and write-downs on buildings. Struggles may be due to internal issues or broader economic pressures on lower-income consumers.
Commodity Movers: Copper & Rhodium * Copper: Near all-time highs due to demand from EVs, data centers, and energy transition. Companies like BHP*, Anglo, and Rio ramping up production. Simon is playing the copper trade through BHP Group.
Copper | Weekly | 25 March 2025
BYD's Breakthrough in Battery Tech * BYD claims a five-minute charge for 400 km range, setting a new benchmark for EVs. * Outpacing Tesla and other competitors in rapid-charging efficiency. * Dominating the affordable EV space with sub-$10,000 models. * Tesla’s Market Share Decline in Europe * Tesla’s share of the European BEV market dropped from 21% to 9.6%. * Competitive pricing from BYD and lack of Tesla model updates. * CEO Elon Musk’s political involvement potentially affecting brand perception.
Remgro: Growing Discount to NAV * Reported net asset value (NAV) of R276.89, but share price only R155. * The discount to NAV is reaching extreme levels. * Historically, Remgro traded at a much smaller discount, raising questions about potential revaluation.
Simon Brown
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00:00 Market Overview and Education Stocks 06:51 Commodities: Copper and Rhodium Insights 13:34 Electric Vehicle Market Dynamics 18:02 Remgro's Financial Performance and Valuation Insights