Simon Shares * SAB Zenzele Kabili trading at R180, at least 3x fair value? * Local GDP for the first quarter was 1.1% QoQ. Kinda middling. * Stor-Age* (JSE code: SSS) results. * Thungela Resources (JSE code: TGA) lists. * AdaptIT (JSE code: ADI) gets an improved offer from Volaris - 700c. * Life Healthcare (JSE code: LHC) bouncing again because of the Alzheimer drug. But it a very long road. * Sirius Real Estate (JSE code: SRE) results were excellent.
Upcoming events; * 24 June ~ JSE Power Hour: Rand ~ stronger for longer
Options, futures and CFDs Options (warrants on the JSE) * Complicated * Risk is only 100%. * Right to buy or sell. * Not much offered in SA. * Long or short, depending on if call or put. * Can trade on Safex, but institutional size trades only.
Futures * Exchange-traded * Equity, indices, commodities, currencies & agriculture. * Long or short. * Interest charge and dividends built into the price. * Require a Safex broker. * You can lose more than you started with.
Contract for Difference (CFDs) * Over the counter (OTC) traded. * Counterparty risk. * Issued on anything. * Long or short. * Interest paid/earned daily. * No expiry. * You can lose more than you started with.