| Good morning Voornaam, Curious about swinging this December? I can really only help you with the trading variety, thanks to the excellent IG Markets South Africa trading academy and their latest piece on my favourite trading strategy: swing trading. You can find it here>>>
It was an interesting day of company news yesterday, despite this late stage in the year. Italtile remains a mystery for me, with the share price close to 52-week highs despite the company consistently reminding the market that conditions aren't good at all in the manufacturing side of the business due to over-capacity in South Africa. To add to this, directors have been selling shares recently. I have no position in this stock but if I did, I would be paying close attention to the share price chart for signs of it rolling over.
Over at Sibanye-Stillwater, there's a pretty clever deal related to the uranium asset at Beatrix 4. They are making the development costs someone else's problem, all while retaining exposure to the upside. That's my kind of deal!
As for Transaction Capital, it's shaping up for them to be The Grinch in 2024. They've flagged losses (even in the continuing operations) and the results have been delayed due to changes to disclosure notes for SA Taxi. There's always one rough story each December in South Africa. This could well be the one.
As a palate cleanser, tiny Nictus shows you what happens when an insurance company increases its investment income. Profits are nearly 4x higher!
Get all the details on these stories and the various Nibbles (including the all-important director dealings) in Ghost Bites here>>>
You still have time to register for Jaltech webinar on 11 December, as they launch their final Section 12B investment for the 2025 financial year. The webinar will talk about the investment highlights and how it all works, targeting investors who would like to reduce their 2025 tax liability by taking advantage of solar investment incentives. Find out more and register for the webinar here>>>
If you're interested in a real-world example of how blockchain technology can make things more efficient in a financial markets context, then the collaboration between AnBro Capital and Mesh.trade is a great example. This partnership makes it easier for investors to access AnBro investment funds. To help us learn more about this, Justine Brophy and Connie Bloem joined us on the latest episode of Magic Markets.
For Black-Owned businesses looking for an equity partner, MIC Khulisani Ventures is well worth considering. The team is looking for qualifying small businesses that are looking for equity capital to scale their businesses in 2025 and beyond. If that sounds like you, then check out this podcast with Nchaupe Khaole and Keitumetse Lekaba. It has all the details of what they are looking for and why MIC should be considered as a partner.
Have a great day! |
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| THE TRADER'S HANDBOOK: The tech of trading (back-testing, market scanning and strategic tools) |
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| | | In this episode of The Trader’s Handbook, Shaun Murison from IG Markets South Africa joined me to discuss the advanced tools available on the IG platform that empower traders to make informed decisions. From back-testing strategies and market scanning with Pro Screener to exploring client sentiment, alerts, and algorithmic trading, this episode highlights the cutting-edge features that simplify and enhance trading.
Whether you’re new to trading or looking to refine your approach, this episode provides practical insights into leveraging technology to stay ahead in the markets. The podcast and detailed transcript are available here>>> |
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| MIC Khulisani Ventures is looking for entrepreneurs |
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| Raising equity funding is not easy for small businesses in South Africa, but thankfully the Mineworkers Investment Company's (MIC) Khulisani Ventures initiative is an early-stage funding vehicle that provides capital for businesses that are ready to aggressively grow.
Along with a detailed transcript, you'll find it here>>> |
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| SATRIX: Get to know the Satrix Global Balanced Fund of Funds ETF |
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| | | The Satrix Global Balanced Fund of Funds ETF aims to provide local investors with optimally diversified exposure to a global basket of indices representing different asset classes.
This is a low-cost, easy way to invest in a mix of equities, bonds, infrastructure, property, credit and cash assets.
Nico Katzke joined me to explain the concept of a balanced fund, the strategic asset allocation in this ETF and how Satrix has managed to achieve this exposure at just 35 basis points a year in costs.
Along with a detailed transcript, you'll find it here>>> |
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| DOMINIQUE OLIVIER - Of ghost ships and giant squid |
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| | | Squid could be linked to the demise of many a vessel at sea - and not always of the giant variety. Dominique Olivier tells the story of the Mary Celeste and the many other mysteries that the oceans dish up each year in this entertaining piece>>> |
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| Ghost Bites - local company news: |
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| Ghost Bites: The latest on Italtile, Nictus, Sibanye-Stillwater, Transaction Capital and numerous Nibbles in Ghost Bites here>>> |
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| Ghost Wrap - five insights from November |
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| | | Ghost Wrap: In a new format, I look back on key insights from November including the property sector, the demand for IPOs, the uptick in poultry businesses and more. Brought to you by Forvis Mazars, the podcast and transacript are available here>>> |
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| MAGAnomics: Trump and the global economy |
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| International Business Snippet: |
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| Here's one from an old-school tech name: an earnings miss from Oracle. In fact, they missed on both revenue and earnings! Don't despair though, as net income was up 26% year-on-year, so this is really just a case of high expectations.
Oracle has been enjoying strong demand for cloud infrastructure thanks to the AI boom. The cloud infrastructure business saw revenue jump by 52%! They focus on being a more affordable cloud, which seems to work well since they've signed up the likes of Meta as infrastructure clients. Oracle's share price may have taken a knock of 8% in after-hours trading thanks to the latest earnings miss, but the share price had been up 83% year-to-date! A correction like this is common.
Our latest research in Magic Markets Premium is on Walmart. The retail giant is absolutely flying at the moment, with margins up and the share price well on its way to the moon. Can it keep going? Subscribers find out this week. |
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| Magic Markets: Year in Review - Alternatives at Westbrooke |
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| | | Magic Markets: As the year of global elections draws to a close, Dino Zuccollo of Westbrooke Alternative Asset Management joined us to look back on how global trends impacted the alternative lending space in markets where Westbrooke has a presence: South Africa, the UK and the USA. Find it here>>> |
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| IG Markets Morning Call: daily macroeconomic update |
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| Chinese officials pledging "appropriately loose" monetary policy in 2025 helped the Hang Seng and Shanghai Composite surge yesterday, pulling industrial metal prices higher with them. We are however seeing these gains partially unwind this morning as markets cool.
The Nasdaq has led US and European equity benchmarks lower overnight. The move comes after little new news and might be attributed to profit-taking from all-time high territory at this stage.
We are expecting a flat-to-modestly-lower start for the JSE All-Share Index this morning.
The rand strengthened significantly yesterday, aided by a softer dollar and gains in key export commodity prices, following China’s stimulus pledge.
Gold has started to gain once again as China’s central bank has started to stockpile the metal for the first time in six months.
Oil prices have continued to rebound following news that Chinese imports of the commodity had increased for the first time in more than six months.
Traders will want to keep an eye out for local mining and manufacturing production and sales data out later today.
Key Indicators: USD/ZAR R17.80/$ | US 10yr 4.19% | Gold $2,670/oz | Platinum $939/oz | Brent Crude $71.75 |
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