| As a look through SENS yesterday will confirm, 2022 has nearly drawn to a close. The final official Ghost Mail for the year will be in your inboxes tomorrow. I may pop in during that awkward period between Christmas and New Year's Eve, when nobody knows what their purpose in life is or even what day of the week it is. Some podcast recommendations etc. might help keep you on the straight and narrow. There were some updates yesterday, but not enough to justify a website edition of Ghost Bites, so I've covered everything below. Ghost Bites:Huge Group says that it has "too many investment opportunities when weighed up against the capital at its disposal" and notes that because the company is trading a t a discount to net asset value, issuing equity to pay for deals is very expensive. They are quite right about that. The Interfile Group investment deal has been cancelled so that Huge can focus its capital elsewhere, particularly on the mobile virtual network operator market (MVNO). In a complete swing, Huge is actually selling the interests in Interfile and Ionize and will free up R44 million in the process, which will help with the investment needed in the MVNO space.Stefanutti Stocks has confirmed that the total of all claims submitted for the Kusile Project is R1.14 billion. A binding decision by the DAB is expected in the second quarter of 2023, although it seems likely that an amount of this size will end up in further arbitration.De Beers announced a sales result of $410 million for the latest rough diamond sales cycle, a number that the company says was in line with expectations.A director of Nedbank has sold shares worth R2.1 million.Directors of Dipula Income Fund have acquired shares worth over R440k.A director of KAP Industrial Holdings has acquired shares worth R477k.An associate of a director of Salungano Group has acquired shares worth R232k.A director of a subsidiary of RFG Holdings has sold shares worth R120k .
Currencies are also on holidayTreasuryONE is making us feel better about winding down, with a note that currency markets seem to have also fallen into holiday mode. Of course, that doesn't mean that markets wouldn't react to any major news! We saw this with the Bank of Japan in recent days, which hit the market with a change in monetary policy. I am highly recommending that you watch the most recent TreasuryONE webinar, in which we covered the likelihood of a recession in 2023. It gives you a great overview of how macroeconomic experts look at the world and what data they use to try and figure out where we are headed. You'll find it here>>> Other stuff you shouldn't missGive Ghost Wrap a try and bookmark this weekly podcast for next year as a tremendous way to get a weekly update on the most interesting stories on the JSE. The latest edition covers MTN, Steinhoff, Alviva, Mpact, PBT Group, Shoprite - Massmart and Grand Parade Investments. Find it here>>>Episode 106 of Magic Markets featured international geopolitical expert Marko Papic as our guest. In this powerhouse episode to end off the year, we talked about his outspoken and unorthodox stance on a number of major global issues. This episode is a must-listen>>>If you are a business owner, then you still have the opportunity to value your business for free this month with bizval. You need to use the coupon code REFLECT on checkout for a free bizval Live valuation worth R2,500. Give our online valuation tool a try at this link>>>Finally, take advantage of some free time this holiday to really dig into the Magic Markets Premium library. With around 60 reports and podcasts on global stocks, there's an incredible amount of content for you to enjoy and learn from. We focus on doing institutional-quality research in a fun format, delivered at a price that retail investors can afford. Join many other happy subscribers for R99/month or R990/year by subscribing here>>> Have a lovely day! |
|---|
|
|---|
| | | Chris Gilmour is clearly still busy this December, taking a fascinating look at the infrastructure spend deficit in critical economies like the US. |
|
| Is the world headed for a recession in 2023? Join yours truly and the team from TreasuryONE in unpacking the data and answering great questions from the attendees of this webinar. |
| |
| | | Telcos. Steinhoff. A take-private of Alviva. These are just some of the important updates in the final edition of Ghost Wrap for 2022. |
|
| | | This is an absolute must-listen, featuring international geopolitical analyst Marko Papic and his (often unorthodox) views on China, energy, Europe and so much more. |
|
| You should expect us in your inbox Monday – Friday. If you don’t receive an email, please check your spam, or junk folder and “move us” into your primary inbox to ensure you get it each morning.
Disclaimer
Our content is intended to be used and must be used for informational purposes only. You must do your own analysis before executing any investments or strategic decisions, based on your own circumstances. We do not provide personalised recommendations or views as to whether an investment approach or corporate strategy is suited to the needs of a specific individual or entity. You should take independent financial advice from a suitably qualified individual who gives due regard to your personal circumstances.
Whilst every care is taken, we accept no responsibility or liability for any errors or omissions in any of our content.
The views, thoughts and opinions expressed in our content belong solely to the author or quoted individuals and/or entities, and not necessarily to the author's employer, organisation, committee or other group or individual, or any of our affiliates or brand partners. |
|---|
|
|
