{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Value on the JSE? We find the Cheapest Shares","description":"\ud83c\udf99\ufe0f Worldwide Markets Ep. 651 \u2014 \u201cValue on the JSE? We Find the Cheapest Shares\u201d (8 October 2025) \ud83d\udcc5 Recorded Tuesday afternoon | Powered by Standard Bank & SHYFT \ud83d\udca1 Episode Overview This week Simon Brown digs into value on the JSE \u2014 where the cheapest shares might be hiding \ud83d\udc40. He also unpacks: The Purple Group* pullback \ud83d\udfe3 ETF returns so far in 2025 \ud83d\udcc8 (spoiler: it\u2019s been a wild year!) Upcoming Standard Bank Power Hour: Investing Like Warren Buffett \ud83e\udde0 \ud83d\udfe3 Purple Group: Pullback or Panic? After a huge rally to R2.74, Purple Group has pulled back \u2014 but no need to panic. Likely to find support around R2.10, with upside targets around R3.50 \ud83d\udcaa. Expecting strong trading updates by late October or early November. With markets, gold, crypto, and offshore assets all flying, Purple should benefit as trading volumes rise. \ud83d\udcca 2025 ETF Returns \u2014 A Booming Year Simon\u2019s recent ETF analysis shows a banner year for SA ETFs (excluding dividends): \ud83c\udfc6 Top Performers: Satrix RESI* +118% \ud83e\udea8 Satrix Shariah +69% \ud83c\udf19 (thanks to heavy gold exposure) 10X Top 20, Rafi 40*, Gold ETFs, SWIX, and EasyETFs Global Equity (Active) all strong \ud83d\udcc8 \ud83d\udcc9 Laggards: Signia Health Innovation \u22129.2% \ud83e\uddec India ETF \u22128.7% \ud83c\uddee\ud83c\uddf3 Global Bonds & Healthcare ETFs slightly negative \ud83e\ude99 Overall takeaway: 2025 is a golden year \u2014 literally and figuratively. \ud83d\udcb8 Value Hunt: The Cheapest Shares on the JSE Simon\u2019s criteria for spotting value gems \ud83d\udc8e: PE ratio: 0\u201310 (profitable companies only) Dividend yield: >0.01% (sign of free cash flow) Price-to-book: <1 (trading below net asset value) \ud83d\udd0d Highlights from the Screen Property & Small Caps: \ud83c\udfe2 Ascension, Safari, Emira, Octodec \u2014 deep discounts to NAV, juicy yields (~8%). \ud83d\ude8d Putprop \u2014 Western Cape bus operator, tiny but intriguing (PE 5.7, yield 3.5%). \ud83c\udfe0 Calgro M3* \u2014 low-cost housing builder, due for results soon; Baldwin also looking attractive. Media & Industrials: \ud83d\udcfa E-Media \u2014 PE 4.8, dividend ~12%, cheap but illiquid. \ud83e\udeb5 Sappi & Mondi \u2014 paper industry under pressure. \u2699\ufe0f Invicta \u2014 PE <5, yield 3%, cutting prefs and improving cash flow. \ud83e\ude93 Master Drilling \u2014 exposure to gold & copper, global operations, decent IP. \ud83d\udce6 Mpact \u2014 tied up in Caxton\u2019s bid & Competition Commission delays. Consumer & Financials: \ud83d\udecb\ufe0f Lewis Group \u2014 \u201ca bank disguised as a furniture store,\u201d 10%+ yield, strong results. \ud83c\udfe6 Investec, ABSA, Nedbank \u2014 cheap banks with high yields and solid balance sheets. \ud83e\uddd3 Old Mutual \u2014 ~9% yield, launching a bank soon; well positioned in bull markets. \ud83d\ude97 Motus & CMH* \u2014 benefiting from decade-high vehicle sales. \ud83d\udce6 Stor-age*, Spear, Growthpoint \u2014 steady property plays; prefer those with discounts to NAV. Other Notables: \ud83d\udc1f Sea Harvest & Oceana \u2014 solid businesses, but \u201cfish stocks make for tough investments.\u201d \ud83e\ude99 Sabvest \u2014 style value play, small discount to NAV. \ud83d\udcbc HCI \u2014 resolved union cash flow issues, trades below asset value. \ud83c\udf99\ufe0f African Media Entertainment \u2014 great yield (10%), but beware of liquidity traps. \u26a0\ufe0f Simon\u2019s Key Takeaways \u2705 There is value on the JSE, but many bargains are illiquid \u2014 trade carefully. \u2705 Liquidity traps can hurt even when valuations look great. \u2705 Dividend yields + solid cash flow are strong signals of resilience. \u2705 Always DYOR \u2014 \u201cNot financial advice.\u201d \ud83e\udded Final Thoughts 2025 continues to be a strong year for gold, ETFs, and SA banks, with pockets of deep value emerging across small caps and property. \ud83d\udcac \u201cMarkets that are going higher make us feel richer \u2014 but if we\u2019re positioned right, they actually make us richer.\u201d \u2014 Simon Brown \ud83d\udd17 Powered by Standard Bank & SHYFT \ud83c\udf0d SHYFT, the global money app from Standard Bank \u2014 travel, shop, pay, and invest globally with the best Forex rates anytime, anywhere. \ud83d\udc4b Closing Note: Nine more episodes to go this year! Simon signs off: \u201cLook after yourself \u2014 and if you can, look after somebody else as well.\u201d \u2764\ufe0f Simon Brown * I hold ungeared positions. All charts by KoyFin | Get 10% off your order   ","author_name":"WorldWide Markets with Simon Brown","author_url":"http:\/\/www.justonelap.com","html":"