Exodus at JSE

[RonSwanson]

They're just a holding company, so it'll have no effect on the JSE. They'll just unbundle.

Maybe so, but it's an awful lot of money that they are turning loose which I doubt will be ploughed back. I for one have far better things to do with it.

 

[rvZA]

When the top 40 delist sure. These aren't big ones. They should've stayed or gone to AltX.

If you want a strong growth portfolio that outranks the All Share or even Top 40, then you need smaller company listings. Strong companies with strong growth. You do not outpace the benchmarks of either All Share or Top 40 by investing only in them. So, the opportunities for strong growth diminishes as your smaller companies leave the exchange. This in turn will also affect the All Share's index of growth. This has a huge impact on all investments in the long term.

 

[Vrotappel]

Good news for 2022 car sales in South Africa

Vehicle sales in 2022 are projected to continue on a positive trend as the South African automotive industry shows resilience.

businesstech.co.za

The South African motor industry is off to a strong start in 2022 with total vehicle sales in January at 41,382 units – up 19.5% on the same period last year, said Mark Dommissee, chairperson of the National Automobile Dealers’ Association (NADA).

ANC cashed in

South Africa’s Covid-19 Response Gets a $750 Million Boost

The World Bank Group Board of Executive Directors today approved South Africa’s request for a $750 million development policy loan (DPL). This loan will support the Government of South Africa’s efforts to accelerate its COVID-19 response aimed at protecting the poor and vulnerable from the...

www.worldbank.org

 

[rh1]

ANC cashed in

South Africa’s Covid-19 Response Gets a $750 Million Boost

The World Bank Group Board of Executive Directors today approved South Africa’s request for a $750 million development policy loan (DPL). This loan will support the Government of South Africa’s efforts to accelerate its COVID-19 response aimed at protecting the poor and vulnerable from the...

www.worldbank.org

The worst part is that they just steal it for themselves and we SA Taxpayers end up footing the capital repayments. I wonder what are their plans once everything dries up.

 

[rvZA]

The worst part is that they just steal it for themselves and we SA Taxpayers end up footing the capital repayments. I wonder what are their plans once everything dries up.

Yeah, as the past 30 years have shown, the bulk of the money they generate or loan ends up in the pockets of cronies. The remainder are sent down the blackhole of poverty. Feed some people for some months and then it all stops until they get more money and more go down the blackhole again. Unfortunately there are no plans to use the money to educate people properly, growing the economy, creating jobs, get the poor to start making money and a living for themselves. As long as you keep feeding people with no opportunities to stand up, you will keep feeding and never stop. The only problem is that at the end of the day, the money locally and even loans abroad will eventually stop. Then you will have chaos.

 

[Pegging]

If you want a strong growth portfolio that outranks the All Share or even Top 40, then you need smaller company listings. Strong companies with strong growth. You do not outpace the benchmarks of either All Share or Top 40 by investing only in them. So, the opportunities for strong growth diminishes as your smaller companies leave the exchange. This in turn will also affect the All Share's index of growth. This has a huge impact on all investments in the long term.

No it doesn't. Companies that can't make it on the JSE are not companies that you want in your portfolio,

 

[Pegging]

Maybe so, but it's an awful lot of money that they are turning loose which I doubt will be ploughed back. I for one have far better things to do with it.

PSG hold shares like Capitec and Curro. All that is happening when they unbundle those share is that they give (unbundle) those shares to PSG shareholders.
So it doesn't affect the market cap of the JSE at all.

 

[rvZA]

No it doesn't. Companies that can't make it on the JSE are not companies that you want in your portfolio,

This is where you are 100% wrong. Not all companies delist because they are going bankrupt. Many do delist for other reasons. And, over and above this, the JSE and investors are losing out on investment opportunities in these smaller companies. Good luck with a stock exchange with a hundred or two hundred companies. You will see how this will impact growth in the future.

 

[Kodi]

Good news for 2022 car sales in South Africa

Vehicle sales in 2022 are projected to continue on a positive trend as the South African automotive industry shows resilience.

businesstech.co.za

The South African motor industry is off to a strong start in 2022 with total vehicle sales in January at 41,382 units – up 19.5% on the same period last year, said Mark Dommissee, chairperson of the National Automobile Dealers’ Association (NADA).

The fuel price trends and forecast will have them lamenting not purchasing a mule instead.

 

[Pegging]

This is where you are 100% wrong. Not all companies delist because they are going bankrupt. Many do delist for other reasons. And, over and above this, the JSE and investors are losing out on investment opportunities in these smaller companies. Good luck with a stock exchange with a hundred or two hundred companies. You will see how this will impact growth in the future.

Ok, so companies that don't trade often and perform badly (Dogs) are your darlings.
That is a special tactic.
I'll stick to the Top 40 tx.

 

[backstreetboy]

I keep hearing these "go to Europe" insults slung at white south africans who have any kind of criticism, hell even an unpopular opinion to express. It has just become THAT easy, hasn't it?

If the guavament would only arrange for me to get entry into my country of "origin", I would be outta here in a flash. Funny thing is, if this offer were to be extended to all the whities left, I'm not sure there would be many whities left. The ANC are even looking around a bit wide-eyed going "heeeeey, where'd all those bank-accounts-that-we-taxed... i mean 'emigrants' disappear to?"

But hey, keep slinging that quip. It's becoming almost as tired as that 'ole classic of calling someone a "racist", it's starting to becoming a huge meh.

Same as people calling this place a toilet yet they can move to any "first world European country" etc. etc.

 

[rvZA]

Ok, so companies that don't trade often and perform badly (Dogs) are your darlings.
That is a special tactic.
I'll stick to the Top 40 tx.

Good then. Good luck to you. If the JSE is concerned about losing all these small cap listings and you are not, then you have to be right.

 

[backstreetboy]

Good then. Good luck to you. If the JSE is concerned about losing all these small cap listings and you are not, then you have to be right.

Despite the high number of delistings and challenges to attract new listings, JSE CEO Leila Fourie downplayed the situation.

Fourie said that while the number of listed entities declined, the market capitalisation of listed companies on the JSE grew by 15% during 2021.

Lol thanks for the years of laughs you provide.

 

[Pegging]

Good then. Good luck to you. If the JSE is concerned about losing all these small cap listings and you are not, then you have to be right.

Yeah, I work in the industry, I've seen many delistings and new listings.

Also seen that buying dogs and shares that don't trade is stupid.

A share that doesn't trade and stays on the JSE paying listing fees etc is also stupid, which is why they go private.

 

[RonSwanson]

PSG hold shares like Capitec and Curro. All that is happening when they unbundle those share is that they give (unbundle) those shares to PSG shareholders.
So it doesn't affect the market cap of the JSE at all.

Yes, I understand that, since August 2020. I don't necessarily want to hold shares in Curro and the other rats & mice, so I'll sell and trade offshore.

 

[Shadowchaser1]

In September 2021 Business Tech had an article where it said that 30 years ago there were 776 companies listed on the JSE to just over 330 (It's less now). Yet this article states the CEO of the JSE downplays this. Basically this should be a concern, call it a delisting trend or something of a slow death of the JSE. It's more of a struggling economy and a negative business sentiment, I think, but I could be wrong.

 

[Pegging]

In September 2021 Business Tech had an article where it said that 30 years ago there were 776 companies listed on the JSE to just over 330 (It's less now). Yet this article states the CEO of the JSE downplays this. Basically this should be a concern, call it a delisting trend or something of a slow death of the JSE. It's more of a struggling economy and a negative business sentiment, I think, but I could be wrong.

There was a Tech boom around 2000, followed by a crash. The dotcom bubble...

Around 2007, a construction boom for the World cup, followed by a crash.

 

[TelkomUseless]

There was a Tech boom around 2000, followed by a crash. The dotcom bubble...

Around 2007, a construction boom for the World cup, followed by a crash.

That was 15 years ago.

We got gold , diamonds , natural resources.. and yet we go backwards.

45% unemployment rate, ratings tanked , BEE, Red Tape, power cuts etc.. all showing how SA slipped down the tubes, even with natural resources to our disposal to make a killing on international markets. ANC is more bend on stealing, then growing the country. And JSE is seeing the results.

In 30 years, with a open international market, where natural resources are in huge demand... we are 45% unemployment rate. Boggles the mind.

 

[rvZA]

It's more of a struggling economy and a negative business sentiment, I think, but I could be wrong.

100% this. There are no signs of this negative sentiment ever turning. The JSE keeps declining in listings.

 

[3WA]

In September 2021 Business Tech had an article where it said that 30 years ago there were 776 companies listed on the JSE to just over 330 (It's less now). Yet this article states the CEO of the JSE downplays this. Basically this should be a concern, call it a delisting trend or something of a slow death of the JSE. It's more of a struggling economy and a negative business sentiment, I think, but I could be wrong.

It's not just a JSE trend. If you exclude the US, which has been different from other markets in several ways, a lot of other exchanges are shrinking.

The number of listed companies worldwide peaked at 45,743 in 2014 but had slipped to 43,248 by 2019 according to the World Bank. The numbers in major markets such as the US, UK, France and Germany have all been trending down.

Stock market: many companies are choosing not to be listed – here’s why

Despite a boom in IPOs, a larger number of companies are going in the opposite direction.

theconversation.com