Simon’s weekly wrap: Digging into the details

The big story of the week was Afrimat buying Lafarge South Africa for a little over R1 billion. I spoke with Bruce Williamson from Integral Asset Management about the deal and he’s very optimistic. Lafarge revenue is ±R3.5billion and Afrimat should be able to get a 10% margin putting this deal on a PE of around 3x.

You can also listen to this podcast on iono.fm here.

Tech stocks have had a great start to 2023 with the Nasdaq up some 38% so far year-to-date. I spoke with Fred Razak, Chief Trading Strategist CMTrading on what’s driving this rally. I also asked how he expects the second half of the year to be, do we see a pull back or do tech stocks carry on running?

You can also listen to this podcast on iono.fm here.

Hedge funds on South Africa remain a small asset class, albeit growing. I spoke with Luke Richardson from PPS Investments about proposed legislation changes that could make hedge funds more accessible to private investor. He also commented that while many fear the risks in hedge funds, they come in many different risk profiles and knowing your fund is critical.

You can also listen to this podcast on iono.fm here.

I also chatted with Keith McLachlan from Integral Asset Management about the Flash business that sits within Pepkor. It is mostly ignored, and management doesn’t say much. But digging into the details it is a great operation with strong revenue growth and adds significant value to Pepkor.

You can also listen to this podcast on iono.fm here.