| Good morning Voornaam, Happy Tuesday from a very cold and rainy Cape Town! Also, happy that's-actually-my-landlord's-problem day to all who celebrate. Jokes aside, property ownership is no walk in the park despite what the buy-to-let influencers on the socials would have you believe. Severe weather is just one of the examples of challenges that landlords must deal with.
I can't help but notice that there have been some significant share sales on the JSE recently, including at companies that are firm favourites on the GNU Dawn buying list. It's never a good idea to ignore what the insiders are doing.
There's one particular sector that I think is less obvious and more interesting than much of what I've seen in the GNU stock picking articles doing the rounds. As part of a broader show on South Africa, we discussed this sector in the latest Magic Markets podcast. For those who prefer to read rather than listen, there's also a full transcript available. You'll find it here>>>
Speaking of stock picking, the next Unlock the Stock event is scheduled for Thursday at midday, featuring the management teams of Attacq (with one of the better property portfolios in South Africa in my opinion) and Capital Appreciation, a tech player that is worth learning about. Attendance is free as always, but you must register here to attend at 12pm on Thursday. See you there!
Have a great day. |
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| FEATURED: Millennials and Gen Z - the future of investing |
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| | | Satrix: There's nothing quite like insights backed up by data, with Siyabulela Nomoyi digging into the trends they are seeing at Satrix among investors under the age of 40. Give your own journey some context with this great article>>> |
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| FEATURED: Short Stories v.02 - Businesses behaving badly |
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| Dominique Olivier: Amazon and a bit of corporate "research". Domino's and a delivery promise that caused more harm than good. Nestlé being Nestlé. Here are three tales of corporates behaving badly. Read it here>>> |
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| Ghost Bites: Accelerate Property Fund still can't get the sale of Cherry Lane across the line, with the latest deal falling through. More importantly, there's a complicated transaction that settles all the related party debt and cleans up the balance sheet. Read Ghost Bites here>>> |
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| | | Unlock the Stock: For the stock pickers among you, there's really nothing better than hearing directly from the management teams of listed companies - especially in a Q&A session. The latest edition of Unlock the Stock featured Spear REIT and Adcorp. Enjoy it here>>> |
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| Ghost Wrap: You need just five minutes to get the latest on a few stocks that I think are worth watching in a GNU environment. KAP, Sephaku Holdings, ArcelorMittal and Nampak are all waiting for you, brought to you by Forvis Mazars. Listen to it here>>> |
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| Magic Markets: The GNU dawn might be all the rage in South Africa, but what does this mean for portfolio strategies? Which macroeconomic indicators are important here and which sector would we focus on to play this theme? Listen to the podcast or read the transcript at this link>>> Investec No Ordinary Wednesday podcast: The market may be unpredictable, but your investment strategy doesn’t have to be. Investec Investment Management experts share their insights on what approaches are winning, common mistakes investors make, and why staying the course is important. Enjoy it here>>> |
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| International Business Snippet: |
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| In a story that had more twists and turns than an episode of the worst 2000s soapie that you used to watch in a time before Netflix and endless entertainment, Paramount Global has agreed to merge with Skydance. The deal has been on and off several times, with the Redstone family as the key negotiating partner.
David Ellison, founder of Skydance and son of Oracle founder Larry Ellison, will lead the combined company as CEO.
There's a "go-shop" clause, which means a Paramount special committee can try and solicit other offers over the next 45 days. If there's another change to this deal, Paramount Pictures will have to make a movie about it to go alongside Top Gun.
If you want to become a better stock picker, Magic Markets Premium is perfect for you. We covered Acushnet last week and we are digging into Tesla this week. To get access to this research and the rest of the vast library, subscribe to the platform here. |
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| IG Morning Call: daily macroeconomic update |
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| While the dollar hovers near three week lows, major index benchmarks the Nasdaq and S&P500 have grinded to new high territory once again, led by US tech stocks. The move comes ahead of a busy week in terms of economic data with US inflation, a Jerome Powell congressional testimony and the start of US earnings season all awaiting.
Asian markets are mostly higher as well with Japan’s Nikkei also trading to new high territory. European index futures are trading mixed as markets digest the French election outcomes.
The JSE All-Share Index is expected to open marginally firmer this morning taking its cue from global markets. The rand remains near its best levels of the week against the majors.
Oil prices are trading lower this morning as concerns around inclement weather disruptions abate.
Gold is trading modestly firmer supported by the relatively soft US dollar.
Key Indicators: USD/ZAR R18.15/$ | US 10yr 4.28% | Gold $2,367/oz | Platinum $1,010/oz | Brent Crude $85.29
The macroeconomic update is based on IG's morning call update |
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