Blue Label shares take hit on results – sanity will prevail; it’s one of JSE’s most exciting prospects

I first met the brothers Levy of Blue Label Telecoms in late 2007. They floated their business during the JSE’s most recent new listings boom with backing from some of Johannesburg’s shrewdest financiers, including board chairman Larry Nestadt (whose shares at listing were worth R56m); the late Sidney Ellerine (R118m) and Neil Lazarus (52m). From … Read more

simon raubenheimer

Allan Gray’s picks

simon raubenheimer

Allan Gray explains why it bought the 10 shares that account for half its portfolio

 

In the 1980s I spent many hours inputting the individual holdings of unit trusts. Knowing what professionals are buying is invaluable info for small investors. This piece from SA’s hottest asset manager, Allan Gray, explains its thinking on the Top 10 holdings which between them account of 57% of AG’s total share investment.

Read more

Garth Griffin

Maybe Absa’s troubles have only started

Garth Griffin

UPDATE NOVEMBER 2012: At the time this article was written, Absa’s share price had dropped in a week from R157 to R135. The setback wasn’t temporary. In five months since the price has remained at the lower level, marking time. At the end of August, Absa’s parent Barclays appointed Antony Jenkins as its new CEO. He has spent his first few months grappling with a group-wide review of Barclays, focusing on how to change its culture and strategy.

Read more