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Good Morning Voornaam,

I strongly believe that combining technical and fundamental analysis is the best way to operate in the markets. In the latest research piece from Trive South Africa, they take exactly that approach in analysing grocery giant Kroger. Read it here>>>

The global flavour goes far deeper this morning, with the exciting return of Ghost Global! Having wondered about what format this should take, I eventually decided to tap into the insights from the detailed research in Magic Markets Premium to identify useful trends in various industries. This week, I looked at the power of omnichannel strat egies in retail, with reference to several research reports in Premium. Read it here>>>

If you're interested in learning more about gaming operator ITHUBA and the investment in scholarships and bursaries, you can read this article>>>

And with all that new stuff out of the way, make sure you haven't missed these from earlier in the week:

Ghost Wrap gives you my views on 8 compan ies in just 8 minutes. The latest episode features Afrimat, AngloGold, Harmony Gold, Growthpoint, Mr Price, FirstRand, Standard Bank and Steinhoff. Ghost Wrap is brought to you by Mazars and you'll find it here>>>
Magic Markets brings you a way to learn more about balance sheet strategies and how these can impact the way the company operates and returns cash to shareholders. Find it here>>>
Unlock the Stock is your ticket to be an equity analyst for a day. Last week's event featured Attacq and Tharisa, brought to you by A2X. You'll find the recording here>>>

Advanced Health heads for the exit

It looks like another small JSE-listed group is leaving our market. Although the scheme of arrangement still needs to run its course, there is a substantial buyout offer for Advanced Health that means very strong returns for recent investors. With minimal liquidity, the only way to realise that price is via the scheme. This bodes well for the likelihood of a "yes" vote.

It was a quiet day of news on the JSE overall, with other notable stories including Pick n Pay's acquisition of a bu tchery group, Schroder European REIT demonstrating once more that property is a poor inflation hedge and Stefanutti Stocks delivering good news regarding a legal claim.

Get all these updates with one click in Ghost Mail>>>

PGMs are in trouble

TreasuryONE notes that the rand weakened yesterday in response to a stronger dollar driven by hawkish comments from Fed Chair Powell. If these trends persist, we could be heading back to R19.00 against the dollar.

But perhaps more im portantly for South Africa, prices of PGMs faced downward pressure with Palladium reaching levels last seen in 2018.

Locally, the SARB Governor emphasised that interest rates will remain elevated for an extended period. Strap yourself in!

Have an enjoyable Thursday!

Ghost Bites (Advanced Health | Pick n Pay | Schroder European REIT | Stefanutti Stocks)

Advanced Health seems to be headed for the exit. Pick n Pay invests in red meat. Schroder's valuation goes the wrong way. Stefanutti Stocks gets paid on its claim soon.

Ghost Global: The Power of Omnichannel

With reference to recent research in Magic Markets Premium, I looked at trends in retail and specifically omnichannel models.

Approaching The Market With A Fresh Market Strategy, Will Kroger Company Reel In Investors?

Wall Street's forecasts for Kroger's first-quarter profit and same-store sales were surpassed due to consistent demand for basics and lower supply chain expenses.

Unlock the Stock: Attacq and Tharisa

Brought to you by A2X, Unlock the Stock lets you wear an equity analyst hat and engage directly with management teams. Watch the recording of the event with Attacq and Tharisa here.

Transforming Lives: ITHUBA Invests In a Brighter Future for South Africa Through Education

Empowering the next generation through bursaries and graduate programmes.

Ghost Wrap #30 (Afrimat | AngloGold | Harmony Gold | Growthpoint | Mr Price | FirstRand | Standard Bank | Steinhoff)

For the latest from Afrimat, AngloGold, Harmony Gold, Growthpoint, Mr Price, FirstRand, Standard Bank and Steinhoff in just 8 minutes, listen to Ghost Wrap (brought to you by Mazars).

Listen Now

Magic Markets Ep130: Capital Structure 101

We go back to basics this week, with a 20-minute show dealing with debt vs. equity, costs of funding and how this impacts dividends and buybacks.

Listen Now

bizval Podcast: Selling to Corporates (with Mark Davidson)

Mark Davidson has been on the "other side" of many transactions. He shares his insights to help founders have a greater chance of success when selling to corporate acquirers.

Listen Now

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