Good Morning Voornaam,

Most Formula 1 fans will tell you that Lance Stroll probably can't save Aston Martin on the track. His dad Lawrence Stroll has exciting plans off the track though, which isn't surprising when you consider the Canadian billionaire's own track record - in business, that is. Old Man Stroll made his money from Tommy Hilfiger and eventually the listing of Michael Kors, so he knows a thing or two about luxury brands. You need to create a supply / demand imbalance and then charge for the pleasure of trying to fix it, ramping up margins along the way.

The Saudi Arabian sovereign wealth fund seems to believe in his vision, committing GBP78 million to the company and set to become the second-largest shareholder in the process. The total equity capital raise is GBP653 million and the two other major shareholders (including Mercedes -Benz) have already said that they will support the rights issue that accompanies the placement with the Saudi Arabian investors.

Everyone loves fast cars and the good life, or at least has dreams of some version of that life. We all know the brands, yet few spend time looking at the financial nuts and bolts behind some of these businesses. Ghost Grad Kreeti Panday straps in and takes us for a ride through the Aston Martin financials. Warning: the financial performance has been even worse than some of Lance's terrible races. Perhaps this will change going forward? START YOUR ENGINE>>>

With that petrolhead excitement out the way, let's move on to Ghost Bites. Yesterday, 2,800 smart Ghosties clicked through an d read the best summary of JSE news on the market. I would love to breach 3,000 today!

To entice you, there is an update on the Tsogo Sun Hotels deal to operationally split from Tsogo Sun Gaming and change its name in the process. There's also an interesting situation in the SilverBridge buyout offer, where the executive directors have indicated that they will accept an offer that the independent board has determined is reasonable but unfair to shareholders.

There's a trading statement from Nedbank that confirms what I've been writing about for months: banks are enjoying this environment. ArcelorMittal also released a trading statement that reminds us what a truly low price/earnings multiple looks like. Metair gave an operational update on its business in the aftermath of the terrible floods in KZN, which caused havoc at key client Toyota SA. There's also very worrying news from Gemfields about the insurgenc y in Mozambique, which is getting uncomfortably close to the ruby mining operations.

What are you waiting for? GET YOUR GHOST BITES>>>

As a reminder, I am one of the co-founders of bizval, an online tool that aims to give entrepreneurs an affordable yet sophisticated way to value their companies. I built the back-end using the principles I learnt by advising on numerous investing banking deals. A standardised tool can never give a perfect answer of course, but it can get really close and at a fraction of the price of hiring a team of professionals to do it. To celebrate Mandela Day, we are donating 50% of our fee for any valuations done until the end of July. Only the first 67 valuations qualify for this and you need to use the c oupon code 46664 on checkout. To find out more about Gugulethu Chess College (the beneficiary) and the bizval tool, there's an article and instructional video available on Ghost Mail. VALUE YOUR BUSINESS>>>

Podcast fans, by now I hope you've made time to listen to the second episode of Ghost Stories. Justin Clarke joined me to discuss his journey as the founder of Private Property and now the Operational Director of OrbVest. This podcast is a great mix of entrepreneurial insights (including surviving a crisis and raising funding from international investors) and information about OrbVest's offering of US medical real estate to South African investors. LISTEN TO GHOST STORIES>>>

With a new Magic Markets episode about to be launched, don't fall behind! In Episode 84, Craig Antonie from AnBro Capital Investments joined us to unpack the (hideous) start to the year and the impact of this bear market on different sectors of the market. There are fascinating comparisons to how various sectors were hit by the Global Financial Crisis of 2007 - 2009. Magic Markets is co-hosted by yours truly and Mohammed Nalla and is a great way to improve your knowledge of finance and the markets. LISTEN TO MAGIC MARKETS>>>

The team from TreasuryONE is here to help us understand the macroeconomic drivers in the market and the impact on currencies and other asset classes. The South African CPI print of 7.4% came in slightly higher than expected and solidified the expectation of a 50 basis points hike by the SARB. Other than this critical print, it was a quiet day in the market with the rand stuck between R17.04 and R17.19. The SARB meeting this afternoon is the key local event and the ECB is the primary driver on the international front, particularly if they disappoint the market by not hiking. A 40-year high inflation print for the UK has only added to the narrative.

Don't forget to watch the recording of last week's TreasuryONE webinar. Andre Cilliers (Currency Strategist at TreasuryONE) and Wichard Cilliers (Head of Market Risk at TreasuryONE) delivered a great presentation and Q&A session that was highly informative for all attendees. Both the presentation and the Q&A were recorded and have been made available on Ghost Mail. WATCH THE WEBINAR>>>

It's not too late to join the Unlock the Stock session at 12pm today with PBT Group. You need to move quickly though! The recorded session will be available afterwards but you obviously can't participate in the Q&A unless you attend the actual webinar. That attendance is free, in case you were wondering. REGISTER>>>

Get stuck in on today's content and enjoy it!

Ghost Bites Vol 52 (22)

Tsogo Sun Hotels has released its circular to achieve an operational split from Tsogo Sun Gaming. SilverBridge directors are happily accepting an "unfair" offer. Nedbank, ArcelorMittal, Metair and Gemfields all gave important updates.

Lawrence Stroll loves the limelight and has made a fortune in the luxury goods space. Can he fix Aston Martin? With the news of a new strategic investor, Ghost Grad Kreeti Panday straps in for the ride.

Can Lawrence Stroll vanquish Aston Martin's financial troubles?
TreasuryONE webinar: Recession, depression, inflation, the petrol price and the rand

Last week's TreasuryONE webinar offered deep insights into the macroeconomic volatility and drivers of the rand. Don't miss the YouTube recording!

As the founders of bizval, we are celebrating Mandela Day by inviting you to value your business between 18th and 31st July. Use coupon code 46664 on checkout and we will donate 50% of the fee to Gugulethu Chess College.

Value your business and make a positive impact
 

Justin Clarke founded Private Property and helped steer the business through two financial crises and an investment by famous firm Tiger Global Management. He is now Ops Director at OrbVest, giving South African investors access to US medical real estate

 

After the worst possible start to a year for growth stocks, the team at AnBro Capital Investments joined us to discuss the impact on different sectors of this bear market vs. the Global Financial Crisis.

 
 

EasyEquities is a product of First World Trader (Pty) Ltd t/a EasyEquities which is an authorized financial services provider (FSP no.2225880) and a registered credit provider (NCRCP12294).

EasyProperties is a juristic representative of the First World Trader (PTY) Ltd t/a EasyEquities which is an authorised financial services provider (FSP) number 22588.

EasyEquities does not act as an FSP when allowing you to buy and sell the EC10 bundle as well as any other cryptocurrencies.

 



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