Icepick

[Icepick @Jse_Icepick]

Richemont - how can YNAP be still disclosed as a discontinued operation with no buyers in sight??? Obviously so want to include the losses and big write down in cont ops!

[Icepick @Jse_Icepick]

Glencore looking to not spin off its Coal business…makes it easier to make a bid for Anglo…

[Icepick @Jse_Icepick]

Great restrain and discipline shown by Mondi management - well done - maybe have a look at Sappi in your backyard!

[Icepick @Jse_Icepick]

Bytes Technology Group - a 30 PE Microsoft reseller - yes reseller! Does not own any IP… Has been following Softcat which has now derated… Crazy valuation and pain will come!

[Icepick @Jse_Icepick]

Sappi vs Lenzing - SAP will make US60c x 15 = R9 of earnings - less than 5pe and lagged peers big time - pick for the year!

[Icepick @Jse_Icepick]

@FinanceGhost @JonoDelport @marknarramore1 @JordsNel There is nothing unique or high IP about their vehicle tracking software - there are many companies that offer fleet management services and software - the real question is do you value this as a SaaS high flyer or a 10-12pe vehicle tracking business - I think the latter...

[Icepick @Jse_Icepick]

Cartrak - 10x sales and 30PE seems ridiculous for a vehicle tracking business whose product could and will easily be disintermediated by vehicle OEMs! Hyped as a SaaS business with a coming Nasdaq listing - will end in tears. Remember Digicore...

[Icepick @Jse_Icepick]

@CapitalShipyard @marknarramore1 A case to too good to be true????

[Icepick @Jse_Icepick]

Hearing more and more asset allocators/consultants concluding Value will not work - fear and greed drives the world and Value is in Blair Witch XIII - will be the wrong decision at the wrong time - again! Investing 101 - buy low sell high!

[Icepick @Jse_Icepick]

Telkom/Cell C deal unlikely to happen - hurdles: valuation of Cell C, spectrum of the combined entity, duplication of metro towers and lack of rural infrastructure, repricing of a combined customer base!

[Icepick @Jse_Icepick]

Tkg - shocking set of results but “don’t look there look here” cautionary!!!

[Icepick @Jse_Icepick]

Holiday over for Peter Moyo - back to work now!!!

[Icepick @Jse_Icepick]

SBK - ICBC owed $300m by now bankrupt PES after fire - not good for SBK after prior problems at ICBC! Write off coming!

[Icepick @Jse_Icepick]

What are Telkom’s properties worth when rebosis/delta are trading at fractions of their book value! Same rabbit different hat - which investors are still buying tickets??? Don’t want to get started on accounting and cash flow!

[Icepick @Jse_Icepick]

Walgreens Boots down 13% today on pharmacy healthcare pressures (down nearly 50% over the last year) - Clicks still on a 25 PE - only time before regulatory risk, consumer pressure and Takealot bring this rating down!

[Icepick @Jse_Icepick]

Is Discovery heading for rough times?? Director buying long dated puts covering R400m of shares!

[Icepick @Jse_Icepick]

The last time the Rand oil price was at the current level was beginning 2018 - Sasol’s expected earnings at that time was R36 - consensus still at R43 - more downgrades to come. LCCP as well - how can they forecast 1.3b ebitda when they can get the next six months right??!

[Icepick @Jse_Icepick]

Impala H1 earnings of at least R3 - full year probably over R6 with current PGM basket price - at R39 in a PE of about 6x - with a big short base this is going to have a run!!!

[Icepick @Jse_Icepick]

@mcleodd Where to start - Corporate governance issues, poor disclosure, core business has not grown and could be redundant in a few years, debt issues, accounting concerns...

[Icepick @Jse_Icepick]

Congo Opposition Leader Is Surprise Winner of Presidential Vote - Positive for PPC - expect a strong volume recovery! https://t.co/fv6GLfPi7w