| Good morning Voornaam, Quick links: Alphamin released results for the three months to March and they tell a story of a major recovery vs. December's infrastructure challenges. At Coronation, be careful of the tax implications of the odd-lot offer and specific offer. Get these updates more in Ghost Bites, brought to you by Fedgroup. There's a brand new Ghost Wrap podcast that brings you a useful overview of four recent examples of M&A on the local market. I covered MultiChoice / Canal+, Grindrod Shipping / Taylor Maritime, MC Mining / Goldway and the recent Sanlam deals related to Shriram in India. Brought to you by Mazars, you can get your fix in this fast-paced podcast. With a new episode out later this week, don't miss out on the Magic Markets podcast and the latest on Accenture and FactSet. These offshore companies have had recent pressure on their share prices. If you thought the spiders were the most frightening things in Australia, think again. Dominique Olivier brings you the story of emus, guerrila warfare tactics and a battle over wheat fields that gives you an incredible view of the post-WWI and Great Depression hardships. Give yourself the best watercooler story in the office today by reading this excellent article>>> Jeremy Maggs is a highly familiar name in local broadcasting and he hosts Investec's No Ordinary Wednesday podcast. The latest episode features award-winning fund managers Barry Shamley and Peter Vogel, bringing you their view on the markets. This podcast is brought to you by Investec and you can (and should) listen to it here>>> Digital assets and fintech: two important growth areas in the world. These terms can be confusing though, especially when you start talking about blockchain and even cryptocurrency. For a perspective on how corporates are thinking about this stuff (rather than the kid down the road on Reddit trading coins with outrageous names), I spoke to Wiehann Olivier and Mia Pieterse of Mazars in South Africa. Listen to the show here>>> Artificial, or Artificial Intelligence? AI is dominating headlines everywhere, which means opportunities and risks. To discuss this phenomenon, Nico Katzke of Satrix joined me on the latest Ghost Stories podcast. Find it here>>> |
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| Events: Bell Equipment is next up on Unlock the Stock. With plenty of activity around that stock in recent times, driven by strong earnings on one hand and the lack of a dividend on the other, this is sure to be a fascinating conversation with the management team. Put on your analyst hat and sign up to attend the event where you can pose your questions to the team. Attendance is free but you must register here>>> |
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| LISTEN: Ghost Wrap - the M&A edition |
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| Get the latest on four recent examples of M&A on the local market: MultiChoice, Grindrod Shipping, MC Mining and Sanlam.
Thanks to Mazars, it's all in this podcast>>> |
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| LISTEN: Artificial, or Artificial Intelligence?
(with Nico Katzke of Satrix) |
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| Artificial Intelligence (or AI) is all over the headlines. Like with any hype trade, that's both an opportunity and a risk.
To bring some clarity to what this is and what this isn't, Nico Katzke of Satrix joined me on Ghost Stories. You'll really enjoy this podcast>>> |
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| LISTEN AND READ: The Investec Nikkei 225 Autocall
with Brian McMillan of Investec |
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| Brian McMillan of Structured Products at Investec talked to me about the Investec Nikkei 225 Autocall.
It offers exposure to the Nikkei 225 index over a period of up to five years with an enhanced return of up to 17% per annum in ZAR or 11.5% per annum in USD. Importantly, there is 100% capital protection provided the index does not drop by more than 30%.
Listen to this podcast to find out more. Alternatively, you can read this article about the product. |
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| READ: Emus with Guerrilla Tactics
(by Dominique Olivier) |
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| In a tale of Aussies vs. nature, along with the hardship of the post-WWI recovery and the Great Depression, Dominique Olivier brings you the emus of Australia and their battle with veterens who were given land to farm.
It's quite the story, believe me. Get it in this excellent article>>> |
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Local company news:
Ghost Bites is brought to you by Fedgroup.
Yesterday wasn't exactly the busiest day of news, but there are two things worth paying attention to.
The first is the release of quarterly numbers by tin miner Alphamin, which caught up on delayed sales at exactly the right time. A combination of higher sales and a 7% increase in the tin price did wonders for the financial results vs. the preceding quarter that was impacted by damage to infrastructure.
Over at Coronation, the structuring of the odd-lot offer and specific offer requires you to pay attention to the tax implications, especally if you hold the shares in your personal name.
Get the details in Ghost Bites at this link>>> |
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| LISTEN: Magic Markets podcast |
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| In Episode 169 of Magic Markets, we covered Accenture and FactSet. Both groups have had a wobbly in the share prices recently, with the market concerned about growth.
Is this just a bump in the road, or a deeper problem?
Magic Markets is a great way to expand your reach to global opportunities. Listen to the show here. |
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| Macroeconomic Update US CPI and Fed FOMC minutes are the focus points today, with the markets looking for more clues as to when the Fed will act on rates.
The rand continues to be the star emerging markets performer (yes, really), breaking below the R18.50 mark and testing R18.40 yesterday.
Gold is hovering just below yesterday's new record high, with recent data showing increased purchasing of gold by central banks around the globe - especially in China. PGMs also had another good day, with palladium up a massive 4.8%. Base metal prices are also in the green this morning. Finally, oil closed below the $90 level.
Key indicators: USD/ZAR R18.45; US 10-year 4.36%; Gold $2,356; Platinum ZAR R18,082; Brent Crude $89.46
This macroeconomic update is based on TreasuryONE's morning update. |
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| READ: Dive into your DIY investing adventure
(by Duma Mxenge of Satrix) |
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| Yes, you can take investing into your own hands - you just need a sensible approach to it.
In this excellent article, Duma Mxenge gives sensible, easy-to-follow tips on how to get more involved in your wealth creation journey. |
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International company news:
In perhaps the most American story ever, Costco (which is known for great prices in a warehouse style format ala Makro locally) is selling gold bars. Lots of gold bars, in fact. To make us feel even more poor with our rands, one-ounce bars (worth over $2,400) are flying off the shelves. Want to feel even worse? Sales are limited to five bars per customer.
This is the same place that is famous for having zero inflation in its hot dogs. Incredible.
And in other news, Boeing's deliveries in the first quarter fell to the lowest number since mid-2021. Quarterly results are due on April 24th. They will probably be horrible.
We cover global giants and interesting smaller opportunities in detail in Magic Markets Premium. As an example of the variety, our most recent report is on energy utility Emera. You can get our entire research library for just R99/month. It pays to know what's going on out there - literally.
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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. |
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