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Good Morning Voornaam,

Time is money and yours is precious, which is why Ghost Wrap exists. Brought to you by Mazars, the latest episode covers Adcock Ingram, KAP Industrial Holdings, Motus, Tiger Brands, Quantum Foods, Libstar, Bidcorp and City Lodge. That's a lot of value in a short space of time! Give me less than nine minutes of your day and enjoy Ghost Wrap at this link>>>

Learn new tricks with Satrix

In a fresh-out-the-oven episode of Ghost Stories, Nico Katzke (Head of Po rtfolio Solutions at Satrix) joined me to talk about a huge variety of topics. I peppered him with all kinds of questions and he has more than enough experience in the markets to deal with all of them. For his views on everything from growth vs. value investing to the misconception of active vs. passive investing, listen to this terrific podcast>>>

That Murray & Roberts balance sheet though...

I'm not saying that Murray & Roberts is going to be the next rights offer basket case on the JSE. I'm just saying that you should be careful, because all the signs we saw in a company like EOH's balance sh eet are there. Murray & Roberts has released earnings that show the results ignoring Australia and even those results are ugly, with the company making losses and talking about "options to de-lever the balance sheet" - we know where that usually ends.

For these details alongside the latest on Accelerate Property Fund, Choppies, Clientele, Hulamin and Liberty Two Degrees, Ghost Bites is the right place for you this morning>>>

Unlock Afrimat and Capital Appreciation

The fourteenth (!) edition of Unlock the Stock took place last week. This year, A2X has come on board as our partner, an d I couldn't be more excited about the company insights that we will be bringing to retail investors on this platform.

In this edition, Afrimat and Capital Appreciation joined us to give presentations on the businesses and answer detailed questions from attendees. The entire event (including Q&A) was recorded as always, available for you to enjoy and learn from here>>>

Demand drops for durable goods in the US

Durable goods dropped by 4.5% in January in the US, mostly because of a pullback in volatile passenger-plane bookings. Economists polled by the Wall Street Journal had expected a 3.6% drop. The data is more positive than this pullback suggests, with business investment rising at the fastest pace in five months.

The big question is: how long can this dollar rally last? TreasuryONE points out that another four Fed officials are speaking this week, so the market will watch out for a continuation of the hawkish tone. The rand is on the back foot at around R18.40 and a test of the 2022 weakness of R18.55 is possible.

Winners and losers

Every portfolio has both of these outcomes, I'm afraid. In the latest episode of Magic Markets, Mohammed Nalla and I talked about some of the offshore positions in our portfolios. This included Visa, Disney , Ferrari, Accenture, Hasbro and more. You can learn more about these stocks here>>>

Have a great Tuesday!

Ghost Bites (Accelerate Property Fund | Choppies | Clientele | Hulamin | Liberty Two Degrees | Murray & Roberts)

Accelerate Property Fund raised R50m. Choppies has choppy margins. Clientele offers a juicy yield and growth. Hulamin is all about normalised earnings. Liberty Two Degrees looks expensive to me. Murray & Roberts fires a warning shot.

Unlock the Stock: Afrimat and Capital Appreciation

Unlock the Stock is back! In the fourteenth edition, we welcomed Afrimat and Capital Appreciation back to the platform for a presentation and Q&A. Unlock the Stock is brought to you by A2X.

Drive to Survive: Trive looks at automakers

Inspired by the return of Formula 1 to our screens, Trive South Africa took a closer look at some of the automakers available in the market.

Ghost Stories #7: Growth, Value and Markets (Nico Katzke, Head: Portfolio Solutions at Satrix)

Nico Katzke has an absolute wealth of experience and knowledge, which is why he is the Head of Portfolio Solutions at Satrix. He joined me to talk about, well, almost everything!

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Ghost Wrap 13 (Adcock Ingram | KAP Industrial Holdings | Motus | Tiger Brands | Quantum Foods | Libstar | Bidcorp | City Lodge)

Covering numerous updates across the pharmaceutical, industrial, FMCG and hospitality sectors this week, Ghost Wrap is your whirlwind update on the week's most interesting JSE updates. Ghost Wrap is brought to you by Mazars.

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Magic Markets Ep113: Portfolio Winners and Losers

In this episode, we spoke through positions in our portfolio including Visa, Disney, Simon Property Group, Hasbro, Accenture and Ferrari.

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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.

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