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In this episode of Ghost Wrap, I covered these important stories on the local market:
- Sasol has seen its share price halve over the past year, with the wonderful opportunity for investors in 2020 becoming a very distant memory as infrastructure and other issues take their toll.
- ArcelorMittal is perhaps the most severe rollercoaster ride of them all on the JSE, with the steel industry only for those with an exceptionally strong stomach.
- Sappi demonstrates that the paper industry is also a tough place to play, with swing traders doing better than long-term holders of this stock.
- Curro may be growing its earnings at a solid rate, but the company is still coming to terms with growth that is well below original expectations.
- British American Tobacco is now profitable in the non-combustibles business and is still doing what it does best in the traditional smoking business: putting through pricing increases that fund dividends.