View in web browser

Good Morning Voornaam,

Get out those earphones - there are great learning opportunities available to you with these podcasts:

In a discussion with Woolworths CEO Roy Bagattini on Ghost Stories, I learnt about how the retailer is navigating load shedding and what the strategic focus areas are. Brought to you by EasyEquities, this is how you do your own research. Find this episode of Ghost Stories here>>>
The latest episode of Ghost Wrap delivered insights on banking stocks (Capitec, Standard Bank and Nedbank), fishing s tocks (Sea Harvest Group and part of AVI) and other major companies including Bidvest, Shoprite, STADIO and Renergen. You need to invest just 9 minutes to get up to date in this podcast, brought to you by Mazars.
In episode 115 of Magic Markets, Craig Antonie of AnBro Capital Investments joined us to talk about energy stocks in the US and how the Inflation Reduction Act will benefit them. Learn about stocks like NextEra Energy Partners and First Solar in this podcast>>>
For those with an entrepreneurial mindset, the latest bizval podcast was a father-and-son discussion with Howard and Justin Blake, touching on the pros and cons of growing up in an entrepreneurial household and how they navigated Justin focusing on his own ideas and businesses rather than the family business. Find it here>>>

I hope that one (or more) of those caught your eye to keep you busy at work today. In the meantime, let's move on to Ghost Bites, covering the latest JSE news on a day that was extremely painful for equity investors thanks to a risk-off mood in the wake of Credit Suisse worries.

STADIO is Italian for stadium, though it could also mean dividends

STADIO is a growth stock, right? Well, not many growth stocks have a dividend payout ratio of roughly 45%. In its latest results, STADIO reminded us that the second semester has historically been a period of slower growth than the first semester, so the panic after the financial update leading into these results was probably overdone.

The management team is clearly happy with the balance sheet, with the dividend per share up by 89% despite HEPS only increasing by 18%. "Only" is of course a relative term, here. As a Transaction Capital shareholder, +18% feels very far away right now. Heck, even -18% would be nice.

In addition to more details on STADIO, this morning's Ghost Bites includes a few property counters (Accelerate, Fairvest and Growthpoint), some mining houses (MC Mining, Merafe and Orion) and a couple of investment holding companies (Grand Parade and EPE Capital Partners). Read it here>>>

What was that about Swiss banks?

Famous for banks, chocolates and watches, one of those three use cases for Switzerland is under pressure. Credit Suisse has made sev eral horrible decisions and those chickens (or Lindt bunnies) are coming home to roost. Investors needed a sugar boost yesterday, as all major equity indices were down. The only place to hide was gold, which for once actually behaved like a safe haven.

TreasuryONE highlights the rollercoaster ride in US treasury yields, as well as a 4% dip in Brent Crude. The rand did better than many other currencies, testing the R18.40 level.

In the US, the data is pointing to a downward trend in inflation. PPI and Retail Sales missed their marks, which suggests that the FOMC may focus on market stability at the next meeting and pause rate hikes.

For those who missed yesterday's webinar on TreasuryONE's cash flow forecasting and management solution, watch it here>>>

Good luck out there today!

Ghost Bites (Accelerate | EPE Capital Partners | Fairvest | Grand Parade | Growthpoint | MC Mining | Merafe | Orion | STADIO)

Accelerate sells a property at a loss. EPE Capital Partners has a modest increase in NAV. Fairvest and Growthpoint gave property updates, alongside mining news from Orion, MC Mining and Merafe. STADIO is paying higher dividends.

Orbvest: where is the Rand/Dollar going?

The Rand has gone from bad to worse over the last month, but is it really a surprise? The R/$ has been especially volatile of late, but it's been a story of one step forward and two steps back.

Ghost Stories #8: Of Dark Stores and "Dark" Stores (with Roy Bagattini, CEO of Woolworths)

In this candid discussion with Woolworths CEO Roy Bagattini, we unpacked great insights into how the retailer is navigating this environment. This episode of Ghost Stories is brought to you by EasyEquities.

Listen Now

Magic Markets Ep115: Clean and Green Stocks in the US (with AnBro)

Craig Antonie of AnBro joins us to discuss some clean and green energy stocks in the US that are poised to benefit from the Inflation Reduction Act.

Listen Now

Ghost Wrap 15 (Capitec | Standard Bank | Nedbank | AVI | Sea Harvest | Bidvest | Shoprite | STADIO | Renergen)

With major updates in the banking and fishing industries, it was an interesting week. Bidvest was perhaps the star of the week, while Shoprite struggling with load shedding. STADIO and Renergen also feature.

Listen Now

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.