| Good morning Voornaam,
I hope your week has gotten off to a decent start! I'm sure you are busy, but you only need 5 minutes to listen to the Ghost Wrap podcast, brought to you by Mazars. The reward is that you get the latest on Santova, Spear REIT, Bytes Technology, Super Group and Clicks. Make a coffee and listen to it here>>>
If you're an MTN shareholder, you might need something stronger than a coffee. I'm afraid that the news coming out of Nigeria just seems to be getting worse. I've held MTN at times in the past 3 years and did alright out of it. I really am glad that I sold, as the Nigeria risk just seems to ruin anything that a sensible financial model suggests should be possible.
Read on to find out what happened at MTN - and enjoy the rest of the content!
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| BRAND NEW: Ghost Wrap podcast
(Santova | Spear REIT | Bytes Technology | Super Group | Clicks) |
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| | | The latest Ghost Wrap podcast needs just a few minutes of your time to get you up to date on Santova, Spear REIT, Bytes Technology, Super Group and Clicks. Ghost Wrap is brought to you by Mazars. |
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| LATEST: Magic Markets podcast |
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| In Episode 148 of Magic Markets, we worked through the latest numbers and strategic news from Tesla and Netflix.
It's critical to remain objective when looking at these global tech giants, although it's still rather debatable whether Tesla is a tech company!
Thanks to B2IT, you can get our views on these two important companies. |
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| BRAND NEW: Ghost Stories podcast with African Bank |
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| | | Kennedy Bungane is the CEO of African Bank. He joined me on this podcast to discuss the African Bank strategy and to respond to my concerns about the pricing of the deal with Sasfin. This podcast is paid for by African Bank but my questions are independent. |
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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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| LATEST: The ETF revolution - views from Satrix |
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| Kingsley Williams of Satrix gives us nine reasons why the boom in ETFs makes sense.
In my opinion, every investor should be using ETFs in a portfolio. This is why I'm always grateful to Satrix for their insights in Ghost Mail. |
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| DAILY: TreasuryONE Market Update The rand made another attempt at R18.75 yesterday but failed to break that level. It traded above the R18.80 level in the late afternoon and is back above R18.90 this morning. Local risks ahead of Wednesday's MTBPS are weighing on the local currency.
Markets have mostly been sideways overall, with a data-filled week ahead and a real chance of risk-averse sentiment increasing. Gold and oil lost some ground yesterday despite Israel deploying ground forces into Gaza.
On Wednesday, the Fed is widely expected to keep rates on hold and remain "data dependent" - commentary that we've seen from them before. The 10-year yield is quoted at 4.88% this morning.
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| | | Get the latest on Adcorp, enX, Glencore, MTN and OUTsurance, along with an assortment of Little Bites to keep you up to date. It's all available with a single click in Ghost Bites. |
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| From Nigeria, not with love MTN just can't catch a break in Nigeria. Not only is the naira falling harder than the quality of Northern Hemisphere rugby objectivity, but the Nigerian tax authorities are also doing their best to drive a stake through the heart of MTN's share price.
To add to the pain, a mistake was found in the forex accounting in the interim results that has led to a negative restatement of HEPS for MTN Group.
MTN is now up just 10.4% over 5 years. From the peak of over R200 in March 2022, the price has more than halved. Now trading at R94.39, you don't need to be a technical trading expert to see that price support levels are thin on the ground for MTN.
To get the details on MTN, as well as Adcorp's margin pressure, enX's earnings and plans with Eqstra, Glencore's production results and OUTsurance's increased stake in Australia, read Ghost Bites here>>>
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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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