Headline: How do you teach your children about the JSE in 2013
First two paragraphs
06 February 2014 Geoff Blount, Cannon Asset Managers
Geoff Blount, CEO of Cannon Asset Managers looks deeper into the JSE's performance in 2013.
How do you tell your children that, in spite of an overall drop in earnings per share of 6.4% in 2013, prices rose by 17.8%? This strange situation, as shown in Chart 1, masks a great underlying discrepancy in performance that took place last year.