Good morning Voornaam,
As South Africa celebrates a magnificent sporting weekend and people in the UK Google what "white side" is in Afrikaans, we can all look forward to a week's build-up to an event that never fails to unify us as a country. We just have a few days of work to get through!
To make that easier for you, I can offer the latest local company news in Ghost Bites. I've also got a piece for you from Dominique Olivier setting out some key insights from Magic Markets Premium, with that platform having reached the 100-show milestone in terms of detailed research reports and podcasts on global stocks.
And for those keen to learn more about Lesaka Technologies, I have the recording from the most recent Unlock the Stock event available here.
Have a great Monday!
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With 100 Magic Markets Premium reports and podcasts now in the library, there are so many themes and insights to consider. Here's just a taste of what we cover, using Swatch, TripAdvisor and Deere & Co as examples. |
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NEW: Ghost Wrap podcast
(PSG Financial Services | MiX Telematics | Karooooo | CMH | African Bank - Sasfin | Cashbuild | Calgro M3) |
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| | The latest Ghost Wrap podcast brings you company news and my opinions on a variety of local companies. It's a whirlwind, delivered at a rate of less than one minute per company! Ghost Wrap is brought to you by Mazars. |
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NEW: Magic Markets podcast |
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In this brand new episode of Magic Markets, we welcomed Garth Mackenzie to the show to talk about the art of trading.
Thanks to B2IT, you can learn about trading in bull vs. bear markets and the different types of traders in the market.
Garth has a wealth of experience in this space and as a podcast host himself, it was guaranteed to be an enjoyable discussion. No wonder it went on for longer than usual! |
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Lesaka Technologies joined the Unlock the Stock platform for the first time to talk about the recent financial performance and the strategy. You can watch the recording here, thanks to our partner A2X. |
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In the latest Ghost Stories podcast focusing on structured products with the Investec team, Japie Lubbe joined me to unpack the Optimal Investment Growth Basket.
It offers a maximum annualised return in USD of 9.8% per annum over five years, with 100% capital protection at maturity in USD.
Listen to the show to learn about how this product works and what the benefits and risks are. |
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Learn about structured products |
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For additional insights into structured products and for those who prefer articles to podcasts, this piece from Investec touches on the opportunities in the market as well as the risks.
Structured products are designed to navigate that environment. |
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| | There have been winners on the local market, if you know where to look. The question is whether those winners can keep winning. I covered Spur, The Foschini Group and CA Sales Holdings in this piece for EasyEquities. |
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TreasuryONE Market Update Perhaps someone told the US dollar about the sheer power of Ox and his favourite cake, because the dollar drifted sideways on Friday despite the hawkish tone of Jerome Powell and the current geopolitical issues in the world. The rand made it back below R19 to the dollar, although it is slightly above that level this morning.
Despite what looked like a risk-on shift in the currency market, gold and oil still posted gains. Brent Crude traded above $93 per barrel and gold reached nearly $2,000 per ounce, trading at $1,990. It has retreated to $1,973 this morning.
TreasuryONE hosted a recent webinar for clients with ETM Analytics. The video is embedded below, or you can watch it on YouTube here>>> |
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| | Get the latest on Coronation, Finbond, Gemfields, Merafe, Reinet, Santova and Tiger Brands. It's all available with a single click in Ghost Bites. |
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Easy, Tigers: it takes more than a new CEO Next time you go shopping, do yourself a favour and go look at the baked beans and the bread. I mean really look, comparing the price differences across the brands.
You might be lucky enough in life that a few bucks here or there won't make a difference, but most South Africans live a very different reality. If you're like me, you perhaps look for the best deal every time anyway, as I hate wasting. Either way, you'll find that KOO baked beans are more expensive than the rest. Ditto for Albany bread.
Baked beans can very easily be substituted. Again, ditto for bread. Tiger Brands is a brands-focused business operating in many staple grocery categories where price arguably matters more than the name on the tin or the plastic packaging.
I've been bearish on Tiger Brands for a while now, linked to my overall bearishness on SA consumer stocks. The market is looking for signs of improvement at Tiger Brands, which is why the departure of CEO Noel Doyle was celebrated by the market and the share price closed 11% higher.
Whilst I have come to recognise market emotion and sentiment, those KOO beans are still going to be too expensive in the shops today. It takes more than a change of CEO to address a market that has structurally shifted in favour of the retailers at the expense of the food producers.
In addition to this story, I covered the AUM trend at Coronation, interesting numbers at Finbond, share repurchases at Gemfields, production at Merafe, the movement in NAV at Reinet and the cycle turning against Santova. You can get all of it in 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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