| Good morning Voornaam, Quick links: Calgro M3 got the market talking yesterday with the Bankenveld District City deal, which more than doubles their development pipeline. We also saw a massive property deal between Emira and Spear REIT in the Western Cape. On a busy day of M&A news, BHP came in with a disposal and African Rainbow Minerals and Invicta with acquisitions. Finally, Gold Fields had good news about Salares Norte and less ideal news about production elsewhere. All this and more in Ghost Bites, brought to you by Fedgroup. Taylor Swift's incredible success isn't news to you, but why do we treat individual success differently to corporate success? After all, isn't there a point at which a person becomes a business? Dominique Olivier takes a look at the Microsoft of Musicians in this excellent article>>> Artificial, or Artificial Intelligence? AI is dominating headlines everywhere, which means opportunities and risks. To discuss this phenomenon, Nico Katzke of Satrix joined me on the latest Ghost Stories podcast. Find it here>>> Thanks to Mazars, there's an insightful episode of Ghost Wrap for you this morning. Get the latest on Transaction Capital, Sun International, Thungela and OUTsurance in this fast-paced podcast. A brand new episode of the Magic Markets podcast gives you the latest on Lululemon and FedEx as great examples of offshore companies that should always be on your radar to learn more about. |
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| LISTEN: Artificial, or Artificial Intelligence?
(with Nico Katzke of Satrix) |
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| Artificial Intelligence (or AI) is all over the headlines. Like with any hype trade, that's both an opportunity and a risk.
To bring some clarity to what this is and what this isn't, Nico Katzke of Satrix joined me on Ghost Stories. You'll really enjoy this podcast>>> |
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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: The Microsoft of Musicians: Taylor Swift
(by Dominique Olivier) |
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| When a person becomes wildly successful, we talk about luck and upbringing. When a company is worth billions, we talk about strategy.
But is a megastar like Taylor Swift really so different to a business? Dominique Olivier brings you this excellent article>>> |
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Local company news:
Ghost Bites is brought to you by Fedgroup.
Calgro M3 has put together a rather interesting transaction. Together with Eris Property Group, the company will develop Bankenveld District City. This is located in prime position north of Johannesburg and pretty close to Sandton. Whilst the residents in surrounding areas won't love the traffic impact of between 20,000 and 30,000 new housing units, Calgro M3 shareholders have a real opportunity here.
In other property news, Emira has sold a portfolio of 13 properties in the Western Cape to Spear REIT, including an office building that I once worked in for a while! The deal is worth nearly R1.15 billion and it solves a problem for both funds. Emira unlocks a lot of capital to reduce debt or deploy elsewhere and Spear achieves a major boost to its portfolio in a single deal.
More M&A news came from Invicta, with the acquisition of Nationwide Bearing Company in the UK. This is a perfect example of buying a familiar product category in a less familiar market. It's a lot better than an unfamiliar product in an unfamiliar market, that much I can tell you.
Other acquisition news came from African Rainbow Minerals, which has taken a 15% stake in Surge Copper Corp. This is an early stage mining group listed in Toronto. We also saw deal news at BHP, where Blackwater has been bought by Whitehaven. It's a rather fun combination of names, isn't it?
Finally, Gold Fields announced the commencement of production at Salares Norte. There are production struggles elsewhere though, so shareholders will need to be cautious of that.
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 168 of Magic Markets, we delved into the most recent updates from Lululemon and FedEx. Both of these companies should always be on your radar to learn more about, as they represent exciting offshore opportunities that dish up share price volatility.
As always, volatility means opportunity.
Magic Markets is a great way to expand your reach to global opportunities. Listen to the show here. |
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| Macroeconomic Update The dollar took a breather from its four-month high as the market awaits important economic reports today, like US services sector activity and job creation data. US yields continue to rise amid reduced expectations of an interest rate cut by the Fed in June.
Gold reached another record high, driven by rising geopolitical tensions and a weaker dollar. PGM prices also moved higher. Oil is nearly $90 a barrel, with ongoing conflicts in the Middle East and on Russian oil facilities.
Key indicators: USD/ZAR R18.79; US 10-year 4.36%; Gold $2,283; Platinum ZAR R17,362; Brent Crude $88.97
This macroeconomic update is based on TreasuryONE's morning update. |
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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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International company news:
The House of Mouse is in disarray. Disney has suffered one box office disaster after the next (Dominique Olivier wrote about this recently here).
There's a huge battle around the leadership of the company, with activist shareholders all over this thing and an important meeting scheduled for today. Eventually, investors lose patience with years of poor performance. Perhaps in the hope of change, the shares are up a whopping 35% this year. As someone who has suffered through Disney in my portfolio and tried to manage my way out of the position, this has been a very useful rally.
And in other news, GM announced its first quarter sales. EV sales were just 2.8% of total units. Buick was the only highlight in the group (up 16.4%), with overall group sales down by 1.5%.
We cover global giants and interesting smaller opportunities in detail in Magic Markets Premium. Our latest report is a recap on Ferrari. 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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