Simon’s weekly wrap: Beware the massive sell-off …


Schalk Louw of PSG Wealth Old Oak has a warning for those looking at tech stock charts and thinking the massive sell-off means great opportunities. He warns that the earnings part of their price-to-earnings ratios is still under pressure, and this means the valuations are not yet that attractive (read the transcript).

While Michele Santangelo of Independent Securities does like some of the growth stocks’ prospects, he cautions that it’s important to be careful with your selection. He likes Adobe, Canada Goose and Cloudflare as three examples (read the transcript).

I chatted with Purple Group* CEO Charles Savage on its FY results, that saw Heps falling due to a number of transaction and expenses around new growth strategies. But the core business of EasyEquities is profitable and, with significant user growth over the last two years, should become even more profitable in the next few years (read the transcript).

Premier Group will potentially list on the JSE on 8 December, as Brait exits its stake in the company. I spoke with CEO Kobus Gertenbach about the listing process (via an IPO) and the group. It’s a diverse food producer and margins have been under pressure due to input cost inflation, but many of its products are staples and as such remain in demand (read the transcript).

Also this week:

Cliffe Dekker Hofmeyr associate Kara Meiring on the role of crypto assets in greylisting (read the transcript).

The writer holds shares in Purple Group

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