MARC HASENFUSS: Fish and (wood) chips
Oceana’s latest haul supports a jump in its shares, but investors are overlooking the potential of York Timber, one of the JSE’s most frustrating firms
I do my very best to attend the monthly meeting of our lunch/investment club. I missed last week’s assembly (domestic crisis, don’t ask). It was a fortunate absence. While it’s all a bit of fun debating whether the dividend fund is plump enough to order starters, the boys do take the share picking very seriously. Blows have been exchanged at the table.
I still wince at Ben’s jocular jab into Mr B’s ribs — the resounding thud and audible cartilage crack caused the sommelier to spill precious grappa. At last week’s lunch, Ben might have been inclined to be less playful in prodding me about my insistence on picking Gemfields as a yield sweetener (even if Merafe worked out as planned). ..
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