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Good Morning Voornaam,

For those of you who love digging into specific local stocks, I have two excellent ways for you to upskill yourself this morning:

Watch the recording of Unlock the Stock, with the latest event featuring Calgro M3 and an impressive set of numbers from the group. Unlock the Stock is brought to you by A2X.
Read this article from Trive South Africa on Renergen, featuring fundamental commentary and technical analysis.

And of course, no portfolio is complete without the inclusion of ETFs for broad market exposure. In this piece, Satrix digs into the 30-year history of the ETF as a financial innovation tool that genuinely changed the game for investors.

Podcasts to get you through the day

There's a bit of everything for you this morning. Get those earphones out and enjoy a selection of podcasts:

Ghost Wrap is a fast-paced update on Pan African Resources, HCI Group, Southern Sun, Datatec, Astral, Quantum Foods, Lewis Group ont>and Trematon, brought to you by Mazars.
Ghost Stories is the exact opposite - a fireside discussion with Warren Wheatley, co-founder and CEO of Altvest, about the ethos behind that platform and the strategy going forward. Is Altvest misplaced, or misunderstood?
Magic Markets brings you the latest on crypto arbitrage from talented young entrepreneur Harry Scherzer of Future Forex, including a discussion on the strategic direction of the business.

The market is impatient with Zeda

The price action in mobility group Zeda was interesting to watch yesterday. Having been unbundled from Barloworld at the end of December, the share price has been a significant disappointment thus far. An unbundling regularly sees some forced selling, as there are shareholders who have been given an asset they never wanted. But even then, it really has been one-way traffic and Zeda is now trading on a very modest annualised multiple.

What could be the reason?

The year-on-year numbers probably aren't to blame, as the core business is doing well against what was admittedly a Covid-infested base period. The likely issues relate to the balance sheet and lack of dividend, with substantial net finance costs that have eaten up operating profit growth. Conc erns about margin pressure in the used car market aren't helping either.

A company emerging from such difficulties is Adcorp, with the value unlock strategy starting to pay dividends. Literally.Large ones.

For these updates and news from Brikor, Exemplar, Redefine, Steinhoff (an ongoing soap opera) and Transcend Residential Property Fund, be sure to read your Ghost Bites this morning>>>

A quiet day in currency markets

With the US and UK markets out of action yesterday, the market traded sideways in line w ith expectations. TreasuryONE notes that the rand held firm in a tight range between R19.60 and R19.70. The dollar is being supported by the US debt ceiling debacle almost reaching a conclusion and all eyes are the non-farm payroll number due on Friday.

I highly recommend subscribing to the TreasuryONE YouTube channel for regular updates on the rand and the markets.

Have a great day and please remember to fill out the Ghost Mail survey if you haven't done so already. It helps us make your favourite publication even better!

Ghost Bites (Adcorp | Brikor | Exemplar | Redefine | Steinhoff | Transcend Residential Property Fund | Zeda)

Adcorp got the market excited with news of a special dividend and Zeda took a knock from lack of a dividend. Brikor, Exemplar, Redefine, Steinhoff and Transcend all released updates.

Powering the Future: Unveiling the Potential of Alternative Energy

As the sun sets on traditional power sources, we look at Renergen (JSE: REN) as this trailblazer harnesses the winds of change and captures the essence of possibility in a world where investing in the Green Wave gains significant traction.

Happy 30th birthday, ETFs

Join Satrix for this article celebrating ETFs and highlighting the history of this financial innovation that changed the game for investors.

Unlock the Stock: Calgro M3

Calgro M3 returns to Unlock the Stock with a triumphant set of results and a clear strategy for the way forward.

Ghost Wrap #26 (Pan African Resources | HCI Group | Southern Sun | Datatec | Poultry (Astral + Quantum Foods) | Lewis Group | Trematon)

Current macroeconomic conditions are causing major swings in performance across companies, with the likes of HCI posting excellent results and poultry businesses in trouble.

Listen Now

Magic Markets Ep126: Crypto Arbitrage and the Future of Forex

Harry Scherzer of Future Forex returns to the platform to update us on the crypto arbitrage market and the evolution of the Future Forex business model.

Listen Now

Ghost Stories #14: Altvest - misplaced or misunderstood? (with Warren Wheatley)

Altvest is building in public and has had its fair share of controversies on Twitter. With substantial start-up losses, is the platform misplaced or misunderstood? I interviewed Warren Wheatley, CEO and co-founder.

Listen Now

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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.

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.