| Good morning Voornaam,
You made it through the week! Just one day of work left until another wonderful weekend of sport and togetherness in general. I hope you have something fun planned.
Keep your brain busy today by learning about the world of structured products. You can listen to Ghost Stories with Japie Lubbe as my guest, sharing over two decades of experience with Investec in the structured products team and talking about the latest offering. You can also get a broader overview of structured products in this excellent article.
Of course, that's just a taste of what you'll find in Ghost Mail. I hope you enjoy it.
And....Go Bokke!
(and the Proteas, although I'm still hurting from the Netherlands game)
|
|---|
|
|---|
| NEW: Ghost Wrap podcast
(PSG Financial Services | MiX Telematics | Karooooo | CMH | African Bank - Sasfin | Cashbuild | Calgro M3) |
|---|
|
|---|
| | | 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. |
|---|
|
|---|
| NEW: Magic Markets podcast |
|---|
|
|---|
| 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! |
|---|
| |
|---|
| 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. |
|---|
| |
|---|
| Learn about structured products |
|---|
|
|---|
| 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. |
|---|
| |
|---|
| | | 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. |
|---|
|
|---|
| Have you ever asked yourself why SHEIN is so cheap?
Dominique Olivier loves clothes. She loves saving money. She doesn’t love arguably damaging business practices, with many questions being asked around the world about SHEIN. |
|---|
| |
|---|
| TreasuryONE Market Update The US 10-year yield is flirting with the 5% mark, trading at 4.95% this year as a multiple-year high. The 2-year yield is trading at over 5.2%. Combined with other market conditions, it's not hard to see why the rand has moved back above R19.00 this week.
Gold continues to shine as a safe-haven option, trading above $1,950. Oil prices fell though, with Venezela being back onstream and supply concerns fading as a result, despite the conflict in the Middle East.
TreasuryONE hosted a recent webinar for clients with ETM Analytics. The video is embedded below, or you can watch it on YouTube here>>> |
|---|
|
|---|
| | | Get the latest on Mondi, Sasol and Vunani. It's all available with a single click in Ghost Bites. |
|---|
|
|---|
| Mondi: a perfect example of cyclical earnings Many investors have heard the term "cyclical" but aren't sure what it really means.
Simply, this is a business where profits tend to rise and fall based on broader factors outside of its control, rather than a business model where growth is an annual occurrence based mainly on the actions of the management team.
For example, a restaurant group is not a cyclical business. Yes, there are obviously macroeconomic influences on performance, but most of it comes down to the operations themselves and the quality of the marketing etc.
In mining, performance is mainly driven by prevailing commodity prices. As these rise and fall, so too do earnings.
The paper and packaging industry is cyclical because prevailing input and selling prices play a huge role in earnings. Supply-demand dynamics are everything in this sector. The chart below shows Mondi's quarterly EBITDA and you can see how earnings fell in the latest quarter, driving a sell-off in the share price.
For full details on Mondi, as well as Sasol's request to shareholders regarding the convertible debt and Vunani's release of earnings, read Ghost Bites at this link. |
|---|
|
|---|
| 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. |
|---|
|
|---|
|
|
