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Take SAB.

Per LSE. (Last available and latest published results)

Earnings =157,35 pence p.share (financial year ended 31/3/2013)
Price       = 3460p  (29/3/2013)
PE           = 22

LSE Now.

Earnings = 157,35 pps (as above because latest)
Price       = 3272 pps (i.e. lower than then)
PE           = 20,79

In SA.

Price     = 524.00 (Was lower @485.00 on 31/3/2013 as opposed to LSE price on 31/3/13 which was higher).

But our PE here in SA = ±30

All due to exchange rate weakening, which caused an increase in stock price.

So, I reckon that those analysts who harp on the terrible overvaluation of such stocks may be somewhat misled

Interview With George Soros: 'Greece Can Never Pay Back Its Debt'

Should Greece have a large part of its debt waived? Absolutely, says George Soros, otherwise the country will never recover. The billionaire investor also warns about the rise of extremist parties if Germany does not change its policies towards Europe.

Hmm.. and what about the US ?

http://www.shareforum.co.za/off-topic/us-debt-clock-real-time/

>>>> http://www.usdebtclock.org/ <<<<

Did you know ..   :laugh:

In first day of U.S. shutdown, no sign how it will end

I think this impasse is more serious than the markets are interpreting it, and if it drags on till Oct 17th, being the date when the debt ceiling would need to be raised, there will surely be a 'correction' of crash proportions.
That might be a buying opportunity.

(As an aside, the Republicans are quite right, the Affordable Health Care Plan is certainly not affordable, just like our crappy NHI. Socialism simply does not work - witness Europe. With socialism, come election time, political parties fall over themselves/outdo each other to please and appease the masses without giving any thought as to the consequences of taking on more and more debt, burdening entrepreneurs (the damn capitalists), with higher taxes and more red tape, while pandering to the masses in order to get their uninformed votes. It's called populism.
You know, capitalists have a tough time, they borrow funds - money - to start some venture. Then they need to be able to pay the interest on their borrowings. The risks to success are huge, costs need to be controlled - yes labour is a bloody fixed cost, fixed meaning you can't control it - the socialists don't fully grasp this, they also don't realise that, by nature, everyone is a capitalist.)

Rant over.

Will wait to see how the 'shutdown' plays out before making any purchase decisions. 

http://www.sharenet.co.za/v3/sens_display.php?tdate=20130926085500&seq=8

Release Date: 26/09/2013 08:55:00      Code(s): UUU        Uranium One Finalisation Announcement for Going Private Transaction

Uranium One Inc
(Incorporated in Canada)
(Registration number: 15096422420)
Share code on the JSE: UUU & ISIN: CA91701P1053
Share code on the TSX: UUU & ISIN: CA91701P1053
(“Uranium One” or the “Company”)

News Release

September 26, 2013

          Uranium One Finalisation Announcement for Going Private Transaction

Toronto, Ontario – Uranium One Inc. (the “Corporation”; TSX: “UUU”; JSE: “UUU”, ISIN
CA91701P1053) today announced that all required regulatory approvals have now been received
and all conditions precedent have been met to complete the arrangement agreement between the
Corporation, JSC Atomredmetzoloto (“ARMZ”) and its affiliate Uranium One Holding N.V.
(formerly Effective Energy N.V.) under which Uranium One Holding will acquire all of the
common shares of Uranium One that it and its affiliates do not already own for cash consideration
of C$2.86 per share. Closing of the transaction is now scheduled to take place on Friday, October
18, 2013.

On the closing date, each shareholder of the Corporation will be entitled to receive a payment of
CDN$2.86 per share. Each shareholder in South Africa will receive ZAR27.36 per share at the
exchange rate of CDN$1.00 = ZAR9.56683 established as of the close of business on September
25, 2013 (rounded up to the nearest cent).

The relevant dates for the transaction for shareholders of the Corporation in South Africa will be
as follows:

-   Conversion Reference Date                    September 25, 2013
-   Finalisation Announcement                    September 26, 2013
-   Closing of South African Branch Register     September 27, 2013
-   Last Day to Trade on JSE                     October 11, 2013
-  Suspension of Listing on JSE                 October 14, 2013
-   Payment Record Date (Closing Date)           October 18, 2013
-  Expected South African Payment Date          October 21, 2013
-   Termination of Listing                       October 22, 2013

Is the Indian economy collapsing ?

The silly gold buying is part of the problem with the current account deficit, which btw. is less than our cad.

Views on this one ?



and compared to CML, NPN, OCE......

All our woes in a nutshell. Interest rates should really be increased to counter some of the outflows.


No Peace at Mines Exacerbates Risk: South Africa Credit

More than a year after South Africa’s worst mining violence since the end of apartheid, platinum mines are still striving to restore peace, a factor driving up the nation’s default risk faster than for emerging-market peers.

Current account and fiscal deficits, slower economic growth and the lowest interest rates in more than 30 years leave South Africa vulnerable to external shocks, Mphaphuli said. The nation needs average inflows of 16 billion rand ($1.6 billion) a month to finance the shortfall on its current account, according to Standard Bank Group Ltd. (SBK), Africa’s largest bank.

Foreign investors have sold a net 6.23 billion rand of bonds since May 22, when Federal Reserve Chairman Ben S. Bernanke said the U.S. may reduce monetary stimulus that has helped boost demand for emerging-market assets. Inflows have dropped to 24.8 billion rand this year, compared with 63.1 billion rand a year earlier, according to JSE Ltd., which runs the nation’s stock and bond exchanges.