Nikkei highs, Pick n Pay lows, Bitcoin 1million
Channel: JustOneLap
Date: 2024-02-28

Nikkei 225 reached a new all-time high after 35 years
Historical context: peaked in December 1989, 82% drawdown by March 2009.
Factors contributing to the 80s crash: Yen protection, low rates, speculative bubble.
Current challenges: aging population, economic complexities, recent inflation.
Investment options: Sygnia JP (SYGJP) – JSE-traded, and Investec’s structured product.


Warren Buffett’s Annual Letter
Warren Buffett’s annual letter to shareholders released.
AGM scheduled for May 4th, details about screening yet to be announced.
Historical and informative; available on BerkshireHathaway.com.

City Lodge Results
City Lodge results: Revenue up 10%, dividend up 20%, HEPS up 10%.
Occupancy at 61%, pricing power at 65%.
Challenges in margins due to increased focus on food and beverage.
Comparison with other hospitality stocks: Sun International, Southern Sun.

MultiChoice Canal+ Offer
Canal+ acquires 35.01% of MultiChoice voting rights, triggering a mandatory offer.
Takeover Regulation Panel ruling.
Speculation on Canal+ offer price, potential sweetening of the deal.

Bitcoin and Bitcoin Halving
Bitcoin trading around $59,884, near all-time highs.
Upcoming Bitcoin halving in April and its potential impact.
Local perspective on Bitcoin and its role in the market.
Bitcoin in ZAR trading over a million, emphasising its volatility.
Discussion on Bitcoin’s market cap compared to traditional stocks.

Pick n Pay* Update
Pick n Pay’s disappointing update: debt doubled, sales going backward.
Market’s negative reaction reflected in the stock price.
Potential exit strategy if weekly close falls below 2022.