Digging For Nuggets Of Clarity
Finweek English|10 September 2020
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Digging For Nuggets Of Clarity
As companies start to release their half-and full-year results, the impact of the coronavirus pandemic becomes clear. Take some time to do your homework before you buy any stocks.
Simon Brown

We’re back into earnings season on the JSE, with June mid-year and year-end results starting to be published. As such, we’re seeing the real impact of the hard government-imposed lockdown, which started in late March, on companies.

This gives investors a first true indication of how businesses performed during the lockdown, and perhaps a glimpse into how they’ll recover.

But first, there are two important points. Year-end results will only have one-quarter of lockdown included, while mid-year will cover a period that stretched over half the lockdown time. It is also very important that while we’re now in level-2 lockdown as a country, things remain risky and we could move back into stricter lockdowns – as we’ve seen happen in many other countries the world over who came out of hard lockdown ahead of South Africa.

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10 September 2020