| Good morning Voornaam, As we get into the festive swing of things in our lives, you can do the same in your portfolio. Swing trading is a fun and potentially lucrative strategy, looking to capture larger market moves that can take a bit longer to play out. IG Markets South Africa has brought us a great piece on this topic in their IG Markets Academy. You can find it here>>>
For some reason, Brait decided to include a brief trading update hidden deep inside an announcement aimed at holders of exchangeable bonds. I feel like someone forgot to add "trading update" to the long heading of the SENS announcement. Thankfully, I saw it and read it, as I've learnt to at the very least skim every SENS announcement regardless of how unimportant it might look at first blush.
With the world so much more normal these days, it seems like people are back in the gym. Those Instagram feeds need to be watered, boet. Underneath all this, there's also a far greater understanding among people that health is really important. All of this is good news for Virgin Active, which is part of Brait.
The good news for Virgin Active certainly isn't rubbing off on New Look, Brait's clothing business in the UK. That sector is still really struggling and New Look isn't exactly a great business, so it's not bucking the market trend. I would think about what this update means for other clothing retailers as well.
In the property space, we saw NEPI Rockcastle with an acquisition in Poland, as well as NAV and earnings updates from RMB Holdings and Schroder European Real Estate.
Get all the details on these stories and the various Nibbles (including the all-important director dealings) in Ghost Bites here>>>
You still have time to register for Jaltech webinar on 11 December, as they launch their final Section 12B investment for the 2025 financial year. The webinar will talk about the investment highlights and how it all works, targeting investors who would like to reduce their 2025 tax liability by taking advantage of solar investment incentives. Find out more and register for the webinar here>>>
If you're interested in a real-world example of how blockchain technology can make things more efficient in a financial markets context, then the collaboration between AnBro Capital and Mesh.trade is a great example. This partnership makes it easier for investors to access AnBro investment funds. To help us learn more about this, Justine Brophy and Connie Bloem joined us on the latest episode of Magic Markets.
And finally, in case you missed it in Weekender yesterday, Dominique Olivier tells the fascinating story of the Mary Celeste and other ocean vessel mysteries that could be linked to squid of all shapes and sizes. Lift your head from the markets and enjoy this fun and insightful read>>>
Have a great day! |
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| THE TRADER'S HANDBOOK: The tech of trading (back-testing, market scanning and strategic tools) |
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| | | In this episode of The Trader’s Handbook, Shaun Murison from IG Markets South Africa joined me to discuss the advanced tools available on the IG platform that empower traders to make informed decisions. From back-testing strategies and market scanning with Pro Screener to exploring client sentiment, alerts, and algorithmic trading, this episode highlights the cutting-edge features that simplify and enhance trading.
Whether you’re new to trading or looking to refine your approach, this episode provides practical insights into leveraging technology to stay ahead in the markets. The podcast and detailed transcript are available here>>> |
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| MIC Khulisani Ventures is looking for entrepreneurs |
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| Raising equity funding is not easy for small businesses in South Africa, but thankfully the Mineworkers Investment Company's (MIC) Khulisani Ventures initiative is an early-stage funding vehicle that provides capital for businesses that are ready to aggressively grow.
Along with a detailed transcript, you'll find it here>>> |
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| SATRIX: Get to know the Satrix Global Balanced Fund of Funds ETF |
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| | | The Satrix Global Balanced Fund of Funds ETF aims to provide local investors with optimally diversified exposure to a global basket of indices representing different asset classes.
This is a low-cost, easy way to invest in a mix of equities, bonds, infrastructure, property, credit and cash assets.
Nico Katzke joined me to explain the concept of a balanced fund, the strategic asset allocation in this ETF and how Satrix has managed to achieve this exposure at just 35 basis points a year in costs.
Along with a detailed transcript, you'll find it here>>> |
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| DOMINIQUE OLIVIER - Of ghost ships and giant squid |
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| | | Squid could be linked to the demise of many a vessel at sea - and not always of the giant variety. Dominique Olivier tells the story of the Mary Celeste and the many other mysteries that the oceans dish up each year in this entertaining piece>>> |
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| Ghost Bites - local company news: |
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| Ghost Bites: The latest on Brait, NEPI Rockcastle, RMB Holdings, Schroder European Real Estate and numerous Nibbles in Ghost Bites here>>> |
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| Ghost Wrap - five insights from November |
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| | | Ghost Wrap: In a new format, I look back on key insights from November including the property sector, the demand for IPOs, the uptick in poultry businesses and more. Brought to you by Forvis Mazars, the podcast and transacript are available here>>> |
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| MAGAnomics: Trump and the global economy |
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| International Business Snippet: |
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| I am thrilled to report that Lululemon put in a fantastic rally after the latest quarter results. I finally took the plunge on this stock earlier this year and I was rewarded by the dip continuing to dip. I then bought a further dip, which turned into another dip - and so the story goes. Thankfully, this isn't my first rodeo, so I held through the pain, as Lululemon is a strong brand and I bought it at a valuation multiple far below its historical averages. Sure enough, I'm now solidly in the green.
Why? Because Lululemon beat expectations in the latest quarter for both revenue and profits. Guidance for the fourth quarter is roughly in line with expectations, so this rally tells you that the market was looking for any sign of improvement to dive back in. That's the thing with market darlings: the market tends to forgive them quickly. In my view, this makes them the best dips to buy.
Our latest research in Magic Markets Premium is on Walmart. The retail giant is absolutely flying at the moment, with margins up and the share price well on its way to the moon. Can it keep going? Subscribers find out this week. |
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| Magic Markets: Year in Review - Alternatives at Westbrooke |
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| | | Magic Markets: As the year of global elections draws to a close, Dino Zuccollo of Westbrooke Alternative Asset Management joined us to look back on how global trends impacted the alternative lending space in markets where Westbrooke has a presence: South Africa, the UK and the USA. Find it here>>> |
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| IG Markets Morning Call: daily macroeconomic update |
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| US jobs and unemployment data on Friday saw Fed Fund Futures move to imply an 85% probability of a rate cut at the 17th/18th December FOMC meeting. US Treasury Yields have since drifted lower, although the dollar is slightly firmer in early trade today.
Major US Indices the S&P500 and Nasdaq-100 continue to trade around all-time high territory, while the Dow Jones is slightly underperforming its peers at the moment.
European equity benchmarks are also hovering around near term highs. Asian equity markets have drifted slightly lower after weaker than expected inflation data out of China, and despite the expectation of more economic stimulus to be announced from the region this week.
On balance we are expecting the JSE All-Share Index to open flat to marginally lower this morning.
Oil prices are higher on Monday morning with tensions in the Middle East mounting after the overthrow of Syrian President Bashar al-Assad by rebels.
Gold has drifted sideways in a narrow range for the last two weeks and is continuing to do so.
There is no high impact data scheduled for today.
Key Indicators: USD/ZAR R18.04/$ | US 10yr 4.15% | Gold $2,639/oz | Platinum $930/oz | Brent Crude $71.35 |
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