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Balwin is on the wrong side of this economy, with apartment sales dropping sharply and earnings following suit. Other property updates came in from Burstone, SA Corporate and Sirius. CA Sales Holdings released terrific earnings. Look out for Datatec, Metair, Momentum, Old Mutual, PPC and Sasfin as well, plus a vast array of Little Bites on a very busy day for JSE news. All this and more in Ghost Bites, brought to you by Fedgroup. -
The Vanderbilt family once had the dubious honour of being the wealthiest family of them all. Fast forward a few generations and all the money is gone. This week, Dominique Olivier uses the Vanderbilts to talk about lessons in wealth management from a cursed family. I think you will really enjoy this excellent article>>>
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Thanks to Mazars, there's an episode of Ghost Wrap that is fresh out the oven for you this morning. Get the latest on Transaction Capital, Sun International, Thungela and OUTsurance in this fast-paced podcast. -
Can you take matters into your own hands with your investing journey? Of course you can! In a brand new article, Duma Mxenge of Satrix gives some excellent tips around how to do exactly that. Read it here>>> -
Fedgroup is going front-foot on tax free savings account information this year and I love that approach, as a TFSA should be part of your plan every year. It shouldn't be a last-minute panic in February! Find out how Fedgroup thinks about TFSA strategies in this article>>> -
Investec has launched the Investec Nikkei 225 Autocall, a structured product that references the Japanese market. You can get all the details in this Ghost Stories podcast with Brian McMillan. For those who prefer to read, there's also a brand new article on this product available here. -
A brand new episode of the Magic Markets podcast gives you the latest on Madrigal and Myomo - two growth companies that are probably nowhere near your radar. Learn about them from our guest, Justine Brophy of AnBro.
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READ: Dive into your DIY investing adventure
(by Duma Mxenge of Satrix) |
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Yes, you can take investing into your own hands - you just need a sensible approach to it.
In this excellent article, Duma Mxenge gives sensible, easy-to-follow tips on how to get more involved in your wealth creation journey. |
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LISTEN AND READ: The Investec Nikkei 225 Autocall
with Brian McMillan of Investec |
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Brian McMillan of Structured Products at Investec talked to me about the Investec Nikkei 225 Autocall.
It offers exposure to the Nikkei 225 index over a period of up to five years with an enhanced return of up to 17% per annum in ZAR or 11.5% per annum in USD. Importantly, there is 100% capital protection provided the index does not drop by more than 30%.
Listen to this podcast to find out more. Alternatively, you can read this article about the product. |
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READ: Lessons in wealth management from a cursed family
(by Dominique Olivier) |
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The Vanderbilt family once had it all. Literally, all - they were the wealthiest family around.
Fast forward a few generations and the money is gone. Dominique Olivier digs into the curse and opportunity of generational wealth in this entertaining piece. |
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Local company news:
Ghost Bites is brought to you by Fedgroup.
Balwin really needs to sell more apartments. The group is struggling, with apartment sales down 32%. They are trying hard to make up for it with annuity revenue and cost containment, but there's not much you can do when that's the direction of travel in the core revenue line.
It was a busy day for property updates, as we saw news of distributable income growth in the second half at Burstone that took the full-year result ever so slightly into the green. SA Corporate Real Estate also had a better second half, but not enough to save the full-year numbers. Meanwhile, Sirius is giving a masterclass in the fine art of buying low and selling high.
In the financial services space, both Momentum Metropolitan and Old Mutual released numbers. IFRS 17 is making things difficult in that space at the moment, so I focus on metrics like dividend growth. Sasfin also released results and I wish the problems there were IFRS-related.
In news from the "real economy" of picks and shovels, we find the Zimbabwe operations as the star of the PPC show at the moment. Yes, really! Industrials group Metair also released results, with a particular nuance around equity-accounted earnings that requires you to read carefully.
The best news of the day came from CA Sales Holdings, with the company continuing to showcase the benefit of a sensible strategy.
And to add to a busy day, Datatec also gave an indication of revenue growth.
I spent many hours on SENS last night (and early this morning) so that you don't have to. This will become especially clear when you see the sheer volume of updates in Little Bites.
Everything you need is in Ghost Bites at this link>>>
To help you form your own view on the value of WeBuyCars, you can watch the recording of their recent appearance on the Unlock the Stock platform.
Check out the most recent episode of the Ghost Wrap podcast, made possible by Mazars. It takes just a few minutes to get the latest on Transaction Capital, Sun International, Thungela and OUTsurance. Get it here>>>
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LISTEN: Magic Markets podcast |
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In Episode 167 of Magic Markets, Justine Brophy of AnBro Capital Investments joined us to talk about two growth stocks that almost certainly aren't on your radar: Madrigal and Myomo.
If you enjoy biotech and pharmaceutical stocks, then this is for you.
Magic Markets is a great way to expand your reach to global opportunities. Listen to the show here.
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Currencies, commodities and rates: TreasuryONE Market Update The decision to maintain rates by the SARB wasn't a surprise. The plan is for gradual reductions, with two 25 basis point cuts in each of 2024 and 2025. The SARB anticipates inflation to average 5.1% in 2024 before returning to the target midpoint in 2025.
The focus is therefore on tomorrow's PCE number in the US, with the market looking for signs of moderation in inflation. The market is starting to doubt whether the Fed will cut in June, with comments from Christopher Waller not helping. He noted that it was prudent for the Fed to keep rates at current levels for longer, given the still sticky inflation in that economy.
Key indicators: USD/ZAR R18.93; US 10-year 4.21%; Gold $2,195; Platinum ZAR R17,074; Brent Crude $86.35 |
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LISTEN: The ETF product design process
with Siyabulela Nomoyi of Satrix |
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| | Delving into the ETF product design process and with a discussion on the latest ETF product launches at Satrix, Siyabulela Nomoyi joined me for this insightful conversation.
Don't miss it! |
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International company news:
What a time in the car industry. After all the noise about EV adoption and how ICE cars are dead, there's a headline on CNBC about how Ford sees an opportunity to grow Mustang sales as the last American muscle car with a traditional V8 engine. It's almost as though the company understands the target market. Crazy, right?
Along the same theme, Hyundai is considering producing hybrids at the Georgia plant that was initially intended to focus on EVs only. Why? Because demand for EVs isn't where people thought it would be.
I'll say it again: hybrids are the future. We discussed this at length in our recent show on Toyota in Magic Markets Premium. This week, our brand new report is a recap on Ferrari. If you can believe it, hybrids are a big part of that story as well. You can get our entire research library for just R99/month. It pays to know what's going on out there - literally.
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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.
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