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Good Morning Voornaam,

Packaging and paper group Mondi is in the process of getting out of Russia for obvious reasons. I'm rather surprised they managed to get a decent offer for the Russian operations. Of course, it only counts when the money is in the bank - preferably not in rubles.

Having clearly changed its travel agent for the better, Mondi is now looking towards gorgeous Italy. With the acquisition of a mill for EUR40 million, Mondi gets a foothold in Trieste, which is geographically important for the group's plans in Central Europe and Turkey. Another EUR200 million will be invested in the plant as part of this strategy.

Yesterday saw plenty of financial updates from companies on the JSE. We had earnings releases from BHP, Exxaro, Santam, Truworths, KAP Industrial, HomeChoice International, Transpaco and Trencor. Oddly, we also had a busy day of company secretaries trading in shares - three of them, no less! Their trades were dwarfed by a prescribed officer at Capitec putting R30 million in his pocket by selling shares.

As always, Ghost Bites has everything you need to know from yesterday's news on the JSE. Read it here.

Before we move on, today is your last chance to register for the bizval webinar coming up on Thursday at 12pm. Together with one of my co-founders in the business (Graham Stephen), we will be taking you on a journey to understand why valuations are both an art and a science. There's plenty of time left at the end for Q&A, so don't miss this opportu nity! You can find out more here.

SoftBank, stories and growth stocks

SoftBank Group is famous for many reasons. Built by Masayoshi Son, the group made some excellent investments (like in the early days of Alibaba) and some shockers at the top of the cycle in 2021. Those horrors have now come through in the numbers, as Ghost Grad Kreeti Panday explores.

Ghost Stories Episode 3 is 64 minutes of pure awesomeness with Carel Nolte of EasyEquities, in which we unpacked insights from the platform's data on its investors. You don't want to miss this!

Magic Markets Episode 88 is a review of the growth stocks picked by Justine Brophy of AnBro Capital Investments in Episode 80 - they've all done very nicely and we use this opportunity to unpack why.

Daily market wrap with TreasuryONE

The dollar closed the day on a softer tone after the start of the week provided some risk-off sentiment. The rand mostly traded in a range, briefly heading above R16.50 before returning to the morning's levels. The Fed minutes are due tomorrow night and clearly all eyes will be on that.

Metals have stabilised after a rough start to the week, with gold and oil dipping further. Brent Crude traded below $94.50, gold moved just below $1,780 and copper stuck its head back up above the $8,000 mark.

Have a lovely day!

PS: don't forget, Ghost Mail readers get a 40% discount on reports, industry overviews or organograms purchased on the Who Owns Whom research platform.

Ghost Bites Vol 70 (22)

Mondi, like so many others, has fallen in love with Italy. BHP and Exxaro released results, as did HomeChoice and Transpaco. For some reason, company secretaries have been busy trading shares!

SoftBank. Hard losses.

If you need to feel better about some of the unrealised losses in your portfolio, look no further than SoftBank's Vision Funds. Ghost Grad Kreeti Panday takes a closer look.

Report: The Management Consulting and Business Advisory industry

Although the management consulting industry has found itself at the heart of the State Capture catastrophe, there is great demand for these services and many great people delivering them. Ghost Mail readers can enjoy a 40% discount on Who Owns Whom resear

Ghost Stories Ep3: Carel Nolte (EasyEquities)

In Episode 3 of Ghost Stories, Carel Nolte joins me to discuss insights from the data on investor behaviour on the EasyEquities platform.

Listen Now

Ep88: Growth is for stock pickers

Justine Brophy from AnBro Capital Investments joins us to give feedback on the stocks discussed in Ep 80. Those choices prove that this truly is a stock picker's market!

Listen Now

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