Jsedirect With Simon Brown

#236: Hello junk

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Sinopsis

Hello junk Simon Shares Fees feedback. Seems some active managers are getting serious about fees. But still not 100% in favour of client who pays the fees and some have done odd things. But nobody came back and said my ideas of last week were truly horrid, nor eve slightly horrid. Just last week I was commenting that my odds of a downgrade to junk were retreating. Still above 50%, but only just. Then Gordhan arrest and odds increase again, I think chance of a downgrade to junk is now around 61%. Important dates; 26 October - Mid Term Budget Policy Statement (MTBPS) 2 November - Gordhan to appear in court on fraud charges 24 November MPC rate decision 2 December - SP announce SA credit rating 6 December - GDP for Q3 2016 Calgro M3 (JSE code: CGR) disappointed, I am not selling but waiting for results to see details. Taste Holdings (JSE code: TAS) results have lots of moving parts, but they're burning cash at a rapid rate and need to get profitable otherwise they run out. Potentially a good business, but fi