Good morning Voornaam,
I continue to experiment with this new format of Ghost Mail and I would appreciate your ongoing feedback. Today's change is that just below this section, you'll now find a button to take you straight to Ghost Bites so you can get your company news fix as efficiently as possible.
Of course, there's plenty of other great stuff in here, not least of all a brand new Magic Markets podcast featuring the latest on Netflix and Tesla, brought to you by B2IT. You'll find that here.
Tonight, I'll be shouting for Argentina. Tomorrow, every South African will be screaming for the Springboks. Make the most of this incredible opportunity to share a special moment with someone you love, or someone you might meet for the first time at a braai tomorrow.
Celebrate what it means to be South African. For me, that means strength through diversity.
And remember: salads don't win scrums!
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NEW: Magic Markets podcast |
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In Episode 148 of Magic Markets, we worked through the latest numbers and strategic news from Tesla and Netflix.
It's critical to remain objective when looking at these global tech giants, although it's still rather debatable whether Tesla is a tech company!
Thanks to B2IT, you can get our views on these two important companies. |
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Every Friday, the team from DealMakers swoops in with great summaries on local M&A, local corporate finance activities and African transactions.
These summaries are an invaluable way to stay on top of things each week. |
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Lesaka Technologies joined the Unlock the Stock platform for the first time to talk about the recent financial performance and the strategy. You can watch the recording here, thanks to our partner A2X. |
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NEW: The ETF revolution - views from Satrix |
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Kingsley Williams of Satrix gives us nine reasons why the boom in ETFs makes sense.
In my opinion, every investor should be using ETFs in a portfolio. This is why I'm always grateful to Satrix for their insights in Ghost Mail. |
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TreasuryONE Market Update There was a head-scratcher on the markets yesterday, as the dollar and emerging markets moved in tandem against the euro. This might be because the ECB left rates unchanged as widely expected, combined with US Q3 GDP data surprising to the topside with growth of 4.9% vs. 4.5% expected.
PCE data is due later today. This is the preferred inflation metric of the Fed.
Commodities also closed in the red, adding to yesterday's unusual day. Even with talks of a ground invasion, the oil price didn't move dramatically and traded at $89 per barrel
This morning, the rand is at R18.91 to the dollar and gold is trading just below $1,990 per ounce.
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Ghost Wrap podcast
(PSG Financial Services | MiX Telematics | Karooooo | CMH | African Bank - Sasfin | Cashbuild | Calgro M3) |
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| | The latest Ghost Wrap podcast brings you company news and my opinions on a variety of local companies. It's a whirlwind, delivered at a rate of less than one minute per company! Ghost Wrap is brought to you by Mazars. |
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With 100 Magic Markets Premium reports and podcasts now in the library, there are so many themes and insights to consider. Here's just a taste of what we cover, using Swatch, TripAdvisor and Deere & Co as examples. |
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| | Get the latest on Afrimat, Balwin, Clicks, Kibo Energy, Mantengu, Nu-World and Oceana. It's all available with a single click in Ghost Bites. |
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When rates are high, bonds are few Balwin's revenue drop of 25% is a very good indication of what is truly going on out there. Interest rates have hit consumers hard, with banks lending more cautiously as well. This is a double-whammy of affordability, with property developers caught in the storm.
Balwin's model is different to say Calgro M3, which is focused on lower-income consumers. Middle- and higher-income consumers face a different mix of pressures, as they way they spend their money each month looks completely different to how lower-income consumers spend their money. Across the market, affordability has dropped. Balwin just seems to be feeling it more at the moment.
I will give Balwin credit for managing to grow HEPS by 4% despite that drop in revenue!
Also in Ghost Bites this morning, you'll find Afrimat demonstrating the benefit of diversified operations, Clicks managing to grow HEPS by double-digits, Nu-World getting on the wrong side of the economy and Oceana counting its lucky stars. Also look out for Kibo Energy and Mantengu Mining, along with the usual assortment of little bites. Read it here>>>
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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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