Today, I am thrilled to share a brand new Ghost Mail website with you. I'm going to experiment a bit with cover images and fine tuning the thing, but we believe that it is easier to navigate and find what you're looking for. It would be great to get your feedback!
I can't stress enough how important it is to combine a working knowledge of charts with a decent fundamental knowledge around shares. Why choose between the hammer and the drill when you can have both in your toolbox, along with all the spanners? To expose you to these tools, I've been working with IG Markets South Africa. Their latest article is on the inverse head and shoulders pattern, a powerful way to find opportunities. I strongly recommend that you read it>>>
In company news, Richemont has finally found a new home for YOOX NET-A-PORTER. Not only does it have a weird name, but it's also a pretty bad business. Online luxury isn't a lucrative model at all, as evidenced by the share price of Mytheresa, the group buying YOOX. Unfortunately, it's anything but a clean break for Richemont, as the details of the deal will reveal.
In promising news, Calgro M3 and Datatec both released really strong trading updates. I also liked what I saw at Sirius Real Estate, with evidence that the property cycle is starting to play out as I expected. The days of property valuations going backwards or even sideways are behind us. Finally, Jubilee Metals has pulled the trigger on Project G, a major step in the Zambian copper strategy.
All these updates plus numerous Nibbles are in Ghost Bites at this link>>>
With some great podcasts due for release this week, make sure you are up to date on the most recent content. A solid addition to your playlist today is Magic Markets, in which we worked through an approach to reading a balance sheet and understanding the funding mix in a business. As always, there's a detailed transcript alongside the podcast. Find it here>>>
If you are an employer or employee with a cross-border leg to the relationship (e.g. you're a South African working for a foreign company), then the latest Ghost Stories podcast with Elzahne Henn of Forvis Mazars in South Africa is a must-listen. There are many common mistakes made in the tax and exchange control elements of these relationships, with potentially painful outcomes. Avoid them by exposing yourself to the pitfalls, as discussed here>>>
Don't forget to register for Unlock the Stock this Thursday, featuring Pan African Resources.
Have a great Tuesday! |
|---|
|
|---|
FEATURED: Global Mobility - Common Mistakes by Employers and Employees |
|---|
|
|---|
Ghost Stories podcast: Elzahne Henn of Forvis Mazars in South Africa sheds light on the common mistakes and misconceptions related to cross-border employment. These insights are valuable for employers and employees alike. Enjoy it here>>> |
|---|
| |
|---|
FEATURED: The Trader's Handbook Ep 7 |
|---|
|
|---|
| | IG Markets Episode 7: Building on previous discussions around technical trading indicators, we explored the concept of volatility and its significance in managing risk. We talked about stop losses, leverage and position sizing. We also included a piece on support and resistance lines. Learn all about it at this link>>> |
|---|
|
|---|
Satrix: Index-tracking and the balance between returns and fees |
|---|
|
|---|
Satrix: The importance of fees in an investment strategy cannot be emphasised enough, especially when you consider the power of compounding. In this piece, Satrix explains how index-tracking strategies help balance returns and fees. Find it here>>> |
|---|
| |
|---|
Dominique Olivier: Venice Biennale - The World at a Glance |
|---|
|
|---|
| | Dominique Olivier: If art is a mirror, as the saying goes, then the Venice Biennale offers what can only be described as a panoramic reflection of the world in 2024. In this exclusive for Ghost Mail, Dominique takes you on a journey into how contemporary art is the outlet for humanity. Get it here>>> |
|---|
|
|---|
Ghost Bites - local company news: |
|---|
|
|---|
Ghost Bites: The latest on Calgro M3, Datatec, Jubilee Metals, Richemont, Sirius Real Estate and numerous Nibbles in Ghost Bites here>>> |
|---|
| |
|---|
| | Ghost Wrap: Get up to date on the performance and latest news at Nampak, SPAR, Metair and Transaction Capital in just a few minutes. Brought to you by Forvis Mazars, you can enjoy Ghost Wrap here>>> |
|---|
|
|---|
CA Sales Holdings on Unlock the Stock |
|---|
|
|---|
Unlock the Stock: CA Sales Holdings has been a regular feature of Unlock the Stock. Those who have backed the strategy have gotten excellent returns from it. In this video, they presented the recent numbers and engaged with the audience's questions. Get it here>>> |
|---|
| |
|---|
Investec podcast: responsible investing |
|---|
|
|---|
| | Investec Wealth & Investment International has launched a comprehensive guidebook on responsible investing. In the latest episode of the No Ordinary Wednesday, Jeremy Maggs speaks to the authors, Boipelo Rabothata and Maxine Gray. Enjoy it here>>> |
|---|
|
|---|
International Business Snippet: |
|---|
|
|---|
After an incredible rally in Chinese stocks, things cooled down significantly after Chinese authorities held a highly-anticipated press conference in which they didn't give details of any major new stimulus plans. Essentially, the market just wants them to move faster. A sharp move higher inevitably needs a correction or two along the way, so this isn't unusual market behaviour. At time of writing, the Hang Seng is down 5.6%.
Samsung's third quarter profits are below expectations, yet they are vastly higher year-on-year. In a lovely example of Asian business culture, the official statement includes an apology to investors. If this was a US-based company, they would have thrown all kinds of buzzwords around in an effort to distract the media from the problems. In this case, one of the main issues is that demand for Samsung's chips in PCs and smartphones isn't picking up.
Our latest research in Magic Markets Premium is on Verizon. Do the economics for telecoms players look any better in the US than in South Africa? You'll find out in the latest report for our subscribers this week. |
|---|
|
|---|
Magic Markets: How to Read a Balance Sheet |
|---|
|
|---|
| | Magic Markets: The balance sheet is often the difference between success and failure for a corporate.
Reading a balance sheet is a key step in equity analysis, but what are the most important things to look out for? Get it here>>> |
|---|
|
|---|
IG Morning Call: daily macroeconomic update |
|---|
|
|---|
US Treasury Yields have gained, reacting to positive economic data which has dimmed the outlook for monetary easing in the world’s largest economy. Asian equity markets have retreated sharply on angst around stimulus offerings from policymakers which are now being seen as thin on detail. Risk-off trade is global, with European index futures softer in early trade and our local bourse the JSE All-Share Index expected to open lower as well.
Weaker Asian markets and a firm dollar are weighing on commodity prices. While precious metals are lower on the day, it is base metals that are bearing the brunt of short term weakness on Chinese demand concerns.
Oil prices remain elevated on troubles in the Middle East, with Israel having threatened retaliation for the Iranian missile attack just a few days ago.
There is no high impact economic data scheduled for today.
Key Indicators: USD/ZAR R17.43/$ | US 10yr 4.00% | Gold $2,640/oz | Platinum $964/oz | Brent Crude $79.60
The macroeconomic update is based on IG's morning call update |
|---|
|
|---|
|
|
