| Coal miner Thungela is a bit of a joke, really. Anglo American gave the business away to its shareholders at a listing price of around R25 back in June 2021. It dipped on the first day of the listing as funds with an ESG mandate dumped the stock. Since then, it's been a journey to the moon for this lump of coal. In the six months to June 2022, HEPS will be between R66.85 and R67.45. Whilst I'm not sure that anyone could've really foreseen what has happened in the coal market, the reality is that those who punted on Thungela are smiling from ear to ear. The share traded briefly above R300 yesterday before closing at R291.60. Just the earnings for a six-month period are nearly three times the IPO price! Other big releases: MTN's HEPS will be between 40% and 50% higher and the market hardly cared, with the share price only closing 2.3% higher.Liberty Two Degree s is still experiencing negative portfolio reversions, so power isn't yet in the hands of the landlords. At least footfall and retail turnover put in a decent recovery, with special mention made of occupancies at hotels in the portfolio.One of Conduit Capital's insurance subsidiaries has been placed under provisional curatorship.As ever, all these details and more are available in Ghost Bites, the best way to stay up to date with news on the local market. GET YOUR GHOST BITES>>> Every Tuesday, one of the Ghost Grads takes a look at global company news and pulls together the most interesting stories. This week, Kreeti Panday looked at two tech giants (Apple and Amazon) and two rather "boring" companies that are doing a better job of growing earnings in this environment. One sells shampoo and the other is a French car manufacturer! READ GHOST GLOBAL>>> TreasuryONE does a great job of keeping us up to date with a world beyond equities. The dollar has been weakening since last week's FOMC meeting, with the market expecting the Fed to have reached peak hawkishness and that hikes could become less severe for the rest of the year. The rand has tested the R16.45 level and is building up a little momentum, so further strength may be on the way. Brent Crude slipped fr om $110 per barrel to trade below $100 per barrel based on weak demand data out of China and the Eurozone. Combined with the stronger rand, this is good news for the price of fuel in coming months provided it stays at this level. Gold has reached $1,770 per ounce and commodities in general are on the front foot, another potential boost for the rand in the short term. For the podcast fans, remember that there is a new episode of Magic Markets for you to enjoy. Petri Redelinghuys of Herenya Capital Advisors joined us to discuss the technical differences between trading on a DMA basis vs. OTC. If you're looking for something that will grow and challenge you, this is a great episode. LISTEN TO MAGIC MARKETS>>> If you're in the mood f or something longer, Episode 1 of Ghost Stories (with Charles Savage talking about EasyEquities) or Episode 2 (with Justin Clarke talking about Private Property and OrbVest) will be a great investment of your time. Have a great day! | 