SA shares in full-blown earnings recession

2016-09-21 08:03

The earnings-per-share (EPS) of shares listed on the Johannesburg Securities Exchange (JSE) has been declining since mid 2015, down a stunning 26%, compared to the 33% decline experienced in the greatest recession in living memory in 2008.

"Put that in the pipe of whomever is telling you the SA economy is not in a downswing."

The events in the table below are the only times that EPS is going to change for the remainder of 2016. To say that these dates are crucial to the fortunes of the JSE is an understatement:

We believe the JSE is in a particularly toxic place at the moment, and that we will see a 5-10% correction or even more before December. We also believe by the first quarter of 2017, the worst should be over both for the stock market and the SA economy.

To see our reasoning why, continue reading this article at SharenetVIEWS. Alternatively, come and hear it in person at our last set of National Seminars for 2016.

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