If you are a Cashbuild shareholder, then keep your eyes on SENS in coming weeks. There's an odd-lot offer coming, which means that if you own fewer than 100 shares (a R19k shareholding - so that will catch many retail shareholders), then unless you specifically elect to keep your shares, you'll be selling them back to Cashbuild.

The details are in Ghost Bites this morning, along with the latest updates from Blue Label Telecoms, Orion Minerals, Sibanye, Southern Palladium and Santova. With everything from environmental permits through to sensible share buybacks, there's something for everyone in Ghost Bites this morning. Read it here>>>

And remember, the Ghost Wrap podcast gives you the best of the previous week's news on the JSE. Get up to date on Nampak, Pepkor, Shoprite, Super Group, Ellies, MTN and RCL in under 7 minutes by listening to the latest episode of Ghost Wrap, brought to you by Mazars.

You can't ignore China

Is China important? Yes.

Do you need to understand why? Yes.

Have we made it easier for you? Absolutely. Listen to the latest episode of Ghost Stories with special guest Siyabulela Nomoyi, Quantitative Portfolio Manager at Satrix. We talked about a wide variety of t opics related to China, including ways to invest in the country right here on the JSE. Find it here>>>

What makes a company valuable? Or investable?

For founders, the resources I'm sharing with you here are beyond important. For investors, they really help you understand the dynamics between companies and capital providers, something that is critical in your journey towards being a more successful player in the market.

To learn how the team at Westbrooke Alternative Asset Management thinks about the capital stack and what makes a company more investable, you need to listen to Episode 110 of Magic Markets at this link>>>

In the most recent bizval webinar, we talked about how listed company multiples aren't always a decent indication of what private companies are worth. We also explained why a valuation and an offer price aren't the same thing. There was a vibrant Q&A at the end that put me through my paces as usual! Watch the recording here>>>

News from abroad

There are some fun facts from the latest Levi's numbers that are worth sharing. Nearly 40% of revenues are being generated from products other than jeans, showing how successfully the group has diversified. But diversification isn't cheap to achieve, like in the case of substantial costs coming through in the Beyond Yoga business as it gets onto its feet. Or off them, as yoga tends to go.

The share price has been a bit all over the place, down nearly 19% in the past year. Now trading at $18.40 per share, we covered it in Magic Markets Premium back in July 2022 at $16.70 per share and we liked it. We recapped our research at $15.60 ahead of the festive season and cautioned that a strong season of trading would be needed, something that seems to have come through.

You'll find my most detailed research in Magic Markets Premium alongside my partner, highly experienced finance expert Mohammed Nalla. For just R99/month or R990/year, you can unlock the entire library with well over 60 reports and podcasts. When someone like Garth Ma ckenzie call it a "no-brainer" to subscribe, you should pay attention. Give it a try here>>>

Risk-off trade still visible

Monday's trading saw a follow-through from Friday's risk-off sentiment as the rand reacted to a stronger dollar. It weakened past the crucial R17.50 level to reach R17.60. The dollar also strengthened against other maor currencies, with the market likely to pay close attention to Fed speakers this week.

This has ruffled feathers in the commodity space, with gold below the $1,900 level at $1,872 per ounce. As TreasuryONE highlights, that's well be low recent levels above $1,950 per ounce. PGMs and Brent Crude have also been weaker.

Have a productive Tuesday!