Simon’s weekly wrap: Stock picks and investment tips
I chatted to Gavin Lewin from the Rich Ideas Group on how to rate our financial advisors. Returns certainly matter, but there’s a lot more to it than just making money. In many ways emotional support, helping us to do the right thing, is almost as important as the returns (read transcript).
Adobe’s results were strong, but the market hated its US$20 billion deal to buy Figma. I spoke with Gary Booysen from Rand Swiss and while he agrees it looks like it is overpaying for Figma, he very much likes Adobe’s SaaS business model and says on a forward PE of around 20x it’s the cheapest it has been in a while (read transcript).
It has been a tough year for markets and I asked Deryck Janse van Rensburg of Anchor Capital how he’s managing and if he’s buying. He certainly is, with a lot of quality and really good prices. But he does caution that returns may be slow, and we need to be patient (read transcript).
David Bowie started the trend in 1997 of selling the royalties to his music catalogue. It didn’t go well, but this is now a recognised alternative investment option. I spoke with Keith McLachlan of Integral Asset Management on the merits of this new asset class and trends such as streaming, that actually benefit investors (read transcript).
Also this week:
Lonwabo Maqubela of Perpetua Investment Managers believes WBHO as a share, at R76, looks extremely attractive and if Australia is stripped out, it’s trading on five times earnings, and the order book looks extremely strong: (read transcript).