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#268: How long is long-term?

#268: How long is long-term?

Simon Shares Taste (JSE code: TAS) couldn't get the public to take up all of the 120million new shares, but a new shareholder of note did and it good news for the company. Naspers (JSE code: NPN) results talk of core HEPS. Now sure they tell us what 'core' means but as always I very skeptical of anything that is not IFRS. Wescoal (JSE code: WSL) results in part really hit it out the park with production up 82% while IFRS HEPS was 11.3c vs. 27.1c (company HEPS excluding BEE deal costs). Lafferty Group’s 2017 Global Bank Quality Benchmarking study is out, it ranks 100 major quoted banks across 32 countries and Capitec* (JSE code: CPI) comes out tops as the only bank to get five stars. Upcoming eents JSE Power Hour: Recession proof stocks * I hold ungeared positions. The problem with buy and hold is not the math, which proves it works. The problem is with the evidence, which proves investors can't do it. — Bob Brinker (@BobBrinker) June 27, 2017   How long is long-term? A rece