Good morning Voornaam,
Thanks for making time for me on a busy Monday morning. There's quite a bit for you to enjoy today!
First up, there's new content from Dominique Olivier. This week, she tells the story of Zildjian, perhaps the most interesting family-owned business in the world. There are legacy businesses, and then there are companies that survive 15 generations. Learn all about it here>>>
To keep you on top of local company news, there's also a brand new Ghost Wrap. Brought to you by Mazars, this podcast covers the latest on Purple Group, Spar, Pepkor, Bidvest and Attacq. You need just six minutes to learn about these businesses. Enjoy it here>>>
And for a more detailed podcast, Magic Markets has got you covered. We looked at MultiChoice and Comcast in the latest show, giving you a great opportunity to learn more about streaming and entertainment economics. Thanks to B2IT, you can get to grips with the key strategic drivers and some of the other nuances that come with investing in these companies. Enjoy it here>>>
Don't forget to register for the TreasuryONE webinar tomorrow morning at 9am to cap off the year. Attendance is free, but you must register here.
Have a great start to the week! |
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BRAND NEW: Magic Markets podcast |
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In Episode 153 of Magic Markets, we looked at entertainment and streaming companies MultiChoice and Comcast.
We looked at key strategic drivers, recent performance and other nuances related to investing in these companies.
This show is brought to you by international data and automation specialists B2IT. |
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BRAND NEW: Son of a cymbal maker (by Dominique Olivier) |
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In her latest column, Dominique Olivier tells the story of Zildjian, a music industry stalwart that has been passed down through multiple generations.
As family businesses go, this one is worth learning about. |
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BRAND NEW: Ghost Wrap podcast
(Purple Group | Spar | Pepkor | Bidvest | Attacq) |
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| | The latest Ghost Wrap podcast covers five important and interesting groups, giving you insights across multiple sectors in the space of just a few minutes. Ghost Wrap is brought to you by Mazars. |
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LATEST: Unlock the Stock with TWK Investments |
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TWK Investments returned to the Unlock the Stock platform to share insights into the recent numbers and the strategic outlook.
You can watch the recording here, thanks to our partner A2X. |
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LATEST: Unlock the Stock with Karooooo |
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| | Karooooo joined the Unlock the Stock platform for the first time to share insights into the recent numbers and the strategic outlook both locally and abroad.
You can watch the recording here, thanks to our partner A2X. |
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LATEST: Ghost Stories podcast with Anoop Ninan, CEO of Mazars in South Africa |
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| | Hot on the heels of the news of a landmark network deal with Forvis in the USA, Anoop Ninan (CEO of Mazars in South Africa) joined me to explain the deal and to talk about the general business landscape in South Africa. Don't miss this one! |
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LATEST:
Why rules-based funds will continue to dominate future flows |
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The team at Satrix celebrates the ten-year anniversary of the Satrix Balanced Index Fund and explains why they believe that rules-based funds will dominate future flows. |
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DAILY: TreasuryONE Market Update Gold has hit a record high of $2,111 this morning, as the market is betting that the Fed could start cutting rates as early as March next year. Although it has slipped back to $2,087, this is still great for gold bulls.
On Friday, Fed Chair Jerome Powell stuck to the "higher for longer" outlook, but noted that the fight against high inflation was working and that the US economy was likely heading for a soft landing. This week, the market will look to non-farm payrolls and unemployment data as part of making this assessment.
Sadly, there's no relief for PGMs. They are trading lower, as is the Brent Crude price down at $78.34 after supply cuts from OPEC+ members failed to reduce demand concerns. The rand is at R18.66 this morning.
To cap off the year, TreasuryONE is hosting a webinar on Tuesday, 5th December at 9am. Attendance is free, but you must register here. Don't miss it! |
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| | Get the latest on AYO Technology, Brimstone, Fortress, Kibo Energy, PBT Group, Quantum Foods, Sibanye and Tiger Brands. This interesting day of news is all available with a single click in Ghost Bites. |
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Can Tiger reclaim its gross margin? Tiger Brands is always worth following. I find it rather fascinating to be honest, as the company sits squarely in the price elasticity debate for consumers. Simply put, this is a useful way to see the impact of price increases on volumes.
It's also a great example of what can happen to gross margin. Although revenue growth looks more than decent, gross margin has deteriorated and so net profits are only slightly higher. Can this situation be improved?
Another food business that features heavily this morning is Quantum Foods, where the dreaded avian flu has caused much pain in the numbers. If you read carefully though, you'll see that underlying business conditions have actually improved a bit.
Also be sure to read about PBT Group, a small cap that behaves like a much bigger company in terms of its financial reporting. I really do appreciate that about this company. Growth in profits is proving to be difficult to come by though, with significant margin compression in the past couple of years. Will that trajectory improve?
For these stories and the latest from AYO Technology, Brimstone, Fortress, Kibo Energy and Sibanye-Stillwater, be sure to read Ghost Bites this morning. You'll also find the all-important director dealings section in there too.
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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. |
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