Daily Market Blog: Value. Stuck on the bid. Good luck with that.
"So let us rewind. 5 years ago, SABMiller was trading at an average price through the year of 190 odd Rand, earnings per share for the year were just over 9 Rand a share, hardly a bargain at 22 times earnings. Fast forward to last year, 2014, where the stock traded at an average price of 500 Rand a share on earnings per share of 21.45 Rand, again an average rating of 24 times earnings, ten percent more expensive than 5 years prior."
To market, to market to buy a fat pig. Thanks y'all for the support last evening on the SSO final, close but no cigar for me. I was just grateful for the opportunity in the end, thanks to everyone. My problems pale into insignificance, the fires in the Cape, although part of mother nature and part of a cycle do little for the residents immediate concerns, we are all thinking of those impacted and wish them well.
Cape Town was the hottest city in the world yesterday as the mother city clocked the hottest day in 100 years according to the records. The low to mid forties, that temperature is nuts! In celcius of course, convert that to Fahrenheit and you are pushing somewhere around 110. I guess the damage could have been far more severe if it had been closer to buildings and more densely populated areas.