Good morning Voornaam,
I hope you had an excellent weekend. Many South Africans caught up in Bok fever tried to take that passion into the Proteas. In just one game, they experienced the full range of cricket-induced emotions that some of us have been suffering since we were kids.
Although we really did get an absolute hiding, it was against a country with 1.4 billion people where cricket is basically a religion. It's nothing short of a miracle for anyone to beat India.
At some point, it's just a numbers game. Investing is no different. Take the emotion out of it and look at the cold hard facts. Sure, you might get lucky from time to time with a victory against the odds. But over time, if you aren't looking at the numbers properly, you're doing nothing more than hoping for the best.
Hope isn't a strategy.
To help you understand the numbers and how to analyse companies, you really should consider a subscription to Magic Markets Premium. At just R99/month and no minimum monthly commitment, you get access to a library of over 100 detailed research reports on global companies. I prepare these alongside my highly experienced partner in the business, Mohammed Nalla. We also release a brand new report and premium podcast every week.
What do you have to lose? Worst case, you're down R99 and you figure out it isn't for you, while still learning something along the way. Best case, you find a resource that will absolutely change the game for you in your portfolio and perhaps even career. Give it a try here>>>
I'm also thrilled to announce that Dominique Olivier will be writing a weekly column in Ghost Mail. Her recent work on the likes of Shein and Burger King vs. McDonald's has been very well received and her love of trivia and storytelling has been a joy to behold. With freedom to simply bring you something interesting and insightful every week, the first column looks at the origin of "drinking the Kool-Aid" and what we can learn about the dangers of charismatic personalities. Enjoy it here>>>
And for local insights, there's a new edition of the Ghost Wrap podcast, brought to you by Mazars. This is a highly efficient way to stay on top of local news. Get to grips with MTN, Woolworths, Pepkor, Octodec and AB InBev at this link.
Enjoy today's content and have a great Monday! |
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BRAND NEW: Kool-Aid has an awful aftertaste
(by Dominique Olivier) |
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| | "Drinking the Kool-Aid" is one of those terms that has become entrenched in the business world.
The origin is rather macabre, to say the least. What can it teach us about charismatic personalities and scammers? |
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BRAND NEW: Ghost Stories podcast with Nico Katzke of Satrix |
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| | Nico Katzke is no stranger to Ghost Stories listeners. There's always so much to learn from him about markets and investing. This time, you also get to enjoy him putting me through my paces in the second half of the show. |
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BRAND NEW: Ghost Wrap podcast
(MTN | Woolworths | Pepkor | Octodec | AB InBev) |
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| | The latest Ghost Wrap podcast needs just a few minutes of your time to get you up to date on MTN, Woolworths, Pepkor, Octodec and AB InBev. Ghost Wrap is brought to you by Mazars. |
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BRAND NEW: Magic Markets podcast |
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In Episode 149 of Magic Markets, we worked through the latest numbers and strategic news from Amazon and Alphabet.
Alphabet owns Google, so you probably use one of the group's services every day of your life. Amazon is coming to South Africa, so that's of great relevance to all of us as well.
Thanks to B2IT, you can get our views on these two important companies. And remember: if you hate it, automate it with B2IT. |
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BRAND NEW: Unlock the Stock |
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Bell Equipment and Calgro M3 returned to the Unlock the Stock platform in a joint session to share insights into the recent numbers and the strategic outlook.
You can watch the recording here, thanks to our partner A2X. |
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LATEST: 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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DAILY: TreasuryONE Market Update US non-farm payrolls disappointed on Friday, adding 150,000 payrolls in October vs. 180,000 expected. Unemployment rose to 3.9%, with the market having expected a steady unemployment rate of 3.8%.
The dollar reacted negatively to the announcement, especially in light of FOMC comments earlier in the week that indicated that the hiking cycle might be over. The rand saw the R18.20 level for the first time since July this year, but subsequently moved back towards the R18.30 mark. To add to the disappointing data, ISM Services PMI also missed its mark.
US Treasuries declined after the payroll report and equity markets rallied. The US 10-year is down to 4.55%, having flirted with 5% just a few days ago.
Although the rand is looking a lot better, particularly in light of some key technical levels, some consolidation might be on the cards in the week to come and we could see some weakness. |
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| | Get the latest on Clientele, Dis-Chem, Mantengu and Sephaku to keep you up to date.
It's all available with a single click in Ghost Bites. |
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Clientele: 1Life, live it Clientele is such an interesting company. It gets largely ignored by investors, despite offering a double-digit dividend yield (taxed as a dividend, not as income like a REIT) and a reasonably defensive share price. It now also offers some growth prospects and boasts an exciting strategic shareholder in the form of Telesure.
Clientele has been trading under cautionary for several months now. We finally know that the transaction on the table is a merger with 1Life, with shares being issued to insurance giant Telesure to pay for the transaction. If you're looking for an interesting local punt, I think you could consider doing some further research into Clientele.
The other big news in Ghost Bites this morning is Dis-Chem, where you have to really dig through the numbers to figure out what's going on. My overall read on the result is pretty bearish, with margin pressure throughout the income statement and a big jump in net finance costs. With an extensive capital investment programme at a time when money is expensive, the near-term outlook for Dis-Chem might give you a headache and necessitate a trip to one of their pharmacies.
For details on these stories and the latest on Mantengu Mining and Sephaku, read Ghost Bites at this link>>>
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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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