There are no shortage of opportunities to scalp around the commodities but finding deep value investments are a little tougher given the economic outlook.
Markets may have rallied and there may have been some stimulus in the system prompting some improved data but I get the sense we're starting a second downward leg.
Previously on this blog I've mentioned that I like the agriculture and food sectors as good bets over the next year or so. I've had my holdings in Zeder (plus followed the rights issue) and added to my shares in Country Bird Holdings (CBH) on the back of the directors dealings.
Another sector I hadn't given much consideration to was education in South Africa. Specifically private sector education.
Your main listed entry point for education at the moment is via Advtech which owns the Crawford schools. The share has run hard but they have an important area that AdvTech has is scale... You need scale and infrastructure to make a success of education for obvious reasons.
The second unknown entry point which I had only heard about quite recently was through Paladin Capital (a soon to be listed subsidiary of the PSG group). They've apparently got a fairly sizeable investment in a new education player which might be of interest....
** Author holds shares in ZED, CBH, PSG
Showing posts with label Country Bird Holdings. Show all posts
Showing posts with label Country Bird Holdings. Show all posts
Saturday, June 20, 2009
Thursday, April 23, 2009
Catchup
Hhhhhmmm these South African public holidays have really played havoc with any day-trading activities so I've had to spend my time on the "investment" side of my portfolio.
Added a few more PSG and ZGOVI's to my portfolio and I've also added Country Bird Holdings to my watchlist.
PSG
Was pretty happy with the results out of PSG and I'm quite liking the way that their companies are actively seeking acquisitions while others are heading for the hills. Check how nicely Capitec has done in recent weeks since their results came out.
Below R16, I've been adding a few more PSG to the portfolio.
I'm also watching PSG for some action around their Paladin subsidiary which has been steadily adding to its holding in Top Fix Holdings. (Not totally sure what the strategy is here, because I'd have thought there were better quality assets - but I guess we trust Jannie Mouton's judgement on all of this)
ZGOVI
I'll blog separately on my Exchange Traded Fund (ETF) strategy for my portfolio but I've continued to add these ZGOVI's to my portfolio for a bit of diversity into another asset class.
These things have held up quite nicely and coupled with their distribution, they've been worthwhile to hold through all this turmoil.
Pick 'n Pay / Pikwik
How good were those results out of Pick 'n Pay! I have a couple of Pikwik in my portfolio and those results mean I'll probably add a few more to my portfolio. Some success in Australia with the Franklins operation at last and good cash flows. Nice defensive option in the portfolio and with decent cash flows come decent dividends.
Altech / Altron
Altech released their financial results yesterday and they also looked good. As far as IT companies go, my pick would be Altech. However while I like the Altech story, I've actually been adding the Altron shares (wider power and infrastructure story as well as access to ALT) as well as the Altron prefs to my portfolio for some dividend yield.
Strategy
In terms of strategy, I'm still short equity and long gold (underlying and AngloGold).
I see China has just announced that they've bought a stack of Gold which has driven the price back above the 900 dollar mark.
Equities are still looking a little shaky in general and it would appear that Chrysler is going into bankruptcy protection in next few days. Stress tests out of the banks also due out today... gonna be interesting.
Added a few more PSG and ZGOVI's to my portfolio and I've also added Country Bird Holdings to my watchlist.
PSG
Was pretty happy with the results out of PSG and I'm quite liking the way that their companies are actively seeking acquisitions while others are heading for the hills. Check how nicely Capitec has done in recent weeks since their results came out.
Below R16, I've been adding a few more PSG to the portfolio.
I'm also watching PSG for some action around their Paladin subsidiary which has been steadily adding to its holding in Top Fix Holdings. (Not totally sure what the strategy is here, because I'd have thought there were better quality assets - but I guess we trust Jannie Mouton's judgement on all of this)
ZGOVI
I'll blog separately on my Exchange Traded Fund (ETF) strategy for my portfolio but I've continued to add these ZGOVI's to my portfolio for a bit of diversity into another asset class.
These things have held up quite nicely and coupled with their distribution, they've been worthwhile to hold through all this turmoil.
Pick 'n Pay / Pikwik
How good were those results out of Pick 'n Pay! I have a couple of Pikwik in my portfolio and those results mean I'll probably add a few more to my portfolio. Some success in Australia with the Franklins operation at last and good cash flows. Nice defensive option in the portfolio and with decent cash flows come decent dividends.
Altech / Altron
Altech released their financial results yesterday and they also looked good. As far as IT companies go, my pick would be Altech. However while I like the Altech story, I've actually been adding the Altron shares (wider power and infrastructure story as well as access to ALT) as well as the Altron prefs to my portfolio for some dividend yield.
Strategy
In terms of strategy, I'm still short equity and long gold (underlying and AngloGold).
I see China has just announced that they've bought a stack of Gold which has driven the price back above the 900 dollar mark.
Equities are still looking a little shaky in general and it would appear that Chrysler is going into bankruptcy protection in next few days. Stress tests out of the banks also due out today... gonna be interesting.
Tuesday, April 14, 2009
Interesting directors dealings
Two interesting directors dealings jumped out at me yesterday.
1. Grindrod - Ivan Clark sold R31m of ordinary shares in the shipping firm / diversified industrial company yesterday at R12.50... I know he had some big SSF positions open and some of those options had been exercised but I'm guessing that means he doesn't see much upside from these levels.
2. Country Bird Holdings - The chicken farmer / agri firm has seen two of its directors very active in the market in the market in the last few months since releasing its interim results in February.
The company is on a pretty undemanding price to earnings ratio of 5.2 and a pretty handy dividend and it also kind of fits in with the farming and food theme. Haven't taken a position either which way on it yet, but it would appear to be something to consider.
1. Grindrod - Ivan Clark sold R31m of ordinary shares in the shipping firm / diversified industrial company yesterday at R12.50... I know he had some big SSF positions open and some of those options had been exercised but I'm guessing that means he doesn't see much upside from these levels.
2. Country Bird Holdings - The chicken farmer / agri firm has seen two of its directors very active in the market in the market in the last few months since releasing its interim results in February.
The company is on a pretty undemanding price to earnings ratio of 5.2 and a pretty handy dividend and it also kind of fits in with the farming and food theme. Haven't taken a position either which way on it yet, but it would appear to be something to consider.
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