are there any bargains out there

[#1]

With the exception of the major resource counter (AGL, BHP, KIO, EXX) - I don't see any bargain basement material, IMO. Most JSE TOPI stocks are still trading well above their long term average PE's. So if you think that BHP is still sitting on a 9 times PE - it means that investors are still betting that an investment now will be recovered fully within 9 years. Seems to me that there is still a lot of confidence out there, and that we are pulling back from QE2 fuelled bubbles, rather than mass panic.

[Wizard]

Yes. All the shorts are at bargain prices!

[prancing_horse]

Real bargains, no, but I do see value in ABL, picked up some more this morning (3080), and SOL and CLS getting there.KIO & SBK very tempting, but will sit on my hands in the mean time.

[Preston]

VOD and FSR

[#5]

Come-on - you okes are just chosing names out of a hat. FSR is sitting way above its long term PE average, VOD - sitting on a PE of 12 in a mature market, admittedly trading below MTN's PE - but who has the best growth. CLS, a PE of 16, Sasol, maybe sitting on its long term PE. None of these classify as bargains.

[FEK]

What about Anglo American and Anglogold then ?????

[#7]

well - are you going to tell us, or are you going to keep us in suspense for the rest of the day?

[SimonPB]

gold stocks don't have PE's .. they have holes in the ground ..

[grommet]

lol

[#10]

Actually - it is gold that doesn't have a PE - it only has a P. And it has a C (cost), associated with keeping it. It has no I or D either - nor does it have an E. And since most gold investors use ETF's, they actually only have a promise of an A, and not an actual A (asset)- so we can conclude that people that think gold is an investment have no IDEA

[prancing_horse]

Agreed, that's why I said there were no bargains,yet. Trying to find things that will give a better return than cash under the pillow or in the bank.

[Wizard]

This year everything has been going to plan. Sell in May and go away. Bargain hunting October November!

[THRESHOLD]

There are companies that have been negelected for some years now because of all this - ie people are afraid of straying too far from the liquid (Or fairly liquid) mainstream counters. They are simply cheap and will, one day, result in a handsome payoff.

[#14]

MMI?

[Preston]

I suggested VOD, because it touched primary support at R80-80, this market is going to rally sooner of later , rather rally with high yield div stock that is sitting at primary support.

[SimonPB]

then look at KIO, massive DY and PE is below low range..

[Preston]

Simon also like JDH , i think?

[SimonPB]

JDH? I waiting for 1c than I reverse list my wine collection into it ..

[#19]

KIO has to be a winner here. Iron Ore is not exchange traded - so no inflated prices driven by speculation. KIO delivers some the of the best quality iron ore around - so it is virtually guaranteed a sale. Its only risk is the whole ACL mess, and that it might be forced back into a supply agreement. But if that happens, then we can logically assume that the SIO asset will transfer back into KIO - thereby increasing its asset base, so no risk there either. Even if it slashes its div by 50%, it is still a bargain at these levels.

[Blik]

Palamin on a PE of 6.3 and proabbly dropping a bit more???