| Good morning Voornaam, Quick links: ADvTECH is one of those rare beasts on the JSE: a genuine growth story! So is CA Sales Holdings, with a bolt-on acquisition announced. Also look out for Ascendis, Capital Appreciation, Clientele, Fairvest, Gemfields, Merafe, MC Mining, MTN, Sasfin and Wesizwe Platinum in Ghost Bites, brought to you by Fedgroup. The Vanderbilt family once had the dubious honour of being the wealthiest family of them all. Fast forward a few generations and all the money is gone. This week, Dominique Olivier uses the Vanderbilts to talk about lessons in wealth management from a cursed family. I think you will really enjoy this excellent article>>> Thanks to Mazars, there's an episode of Ghost Wrap that is fresh out the oven for you this morning. Get the latest on Transaction Capital, Sun International, Thungela and OUTsurance in this fast-paced podcast. Can you take matters into your own hands with your investing journey? Of course you can! In a brand new article, Duma Mxenge of Satrix gives some excellent tips around how to do exactly that. Read it here>>> Fedgroup is going front-foot on tax free savings account information this year and I love that approach, as a TFSA should be part of your plan every year. It shouldn't be a last-minute panic in February! Find out how Fedgroup thinks about TFSA strategies in this article>>> Investec has launched the Investec Nikkei 225 Autocall, a structured product that references the Japanese market. You can get all the details in this Ghost Stories podcast with Brian McMillan. For those who prefer to read, there's also a brand new article on this product available here. A brand new episode of the Magic Markets podcast gives you the latest on Madrigal and Myomo - two growth companies that are probably nowhere near your radar. Learn about them from our guest, Justine Brophy of AnBro. |
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| Events: Attention: founders, venture capitalists and investors in startups. How on earth do you value a startup? Well, it's not easy, I'll tell you that much. When the numbers are on a whiteboard rather than in a balance sheet, a leap of faith (or two) is required. At bizval, in which I am a co-founder and responsible for our product development, we've put a lot of work into valuations of startups. On Wednesday 27th March, we will be hosting a webinar to talk about our approach. Join us, ask questions and engage! You can register for free here>>> |
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| READ: Dive into your DIY investing adventure
(by Duma Mxenge of Satrix) |
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| Yes, you can take investing into your own hands - you just need a sensible approach to it.
In this excellent article, Duma Mxenge gives sensible, easy-to-follow tips on how to get more involved in your wealth creation journey. |
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| LISTEN AND READ: The Investec Nikkei 225 Autocall
with Brian McMillan of Investec |
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| Brian McMillan of Structured Products at Investec talked to me about the Investec Nikkei 225 Autocall.
It offers exposure to the Nikkei 225 index over a period of up to five years with an enhanced return of up to 17% per annum in ZAR or 11.5% per annum in USD. Importantly, there is 100% capital protection provided the index does not drop by more than 30%.
Listen to this podcast to find out more. Alternatively, you can read this article about the product. |
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| READ: Lessons in wealth management from a cursed family
(by Dominique Olivier) |
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| The Vanderbilt family once had it all. Literally, all - they were the wealthiest family around.
Fast forward a few generations and the money is gone. Dominique Olivier digs into the curse and opportunity of generational wealth in this entertaining piece. |
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Local company news:
Ghost Bites is brought to you by Fedgroup.
Full marks to ADvTECH for what turned out to be an excellent 2023 financial year. The dividend for the year was 45% higher! It's still a modest payout ratio, despite HEPS having increased by "only" 19% in comparison.
CA Sales Holdings has announced the bolt-on acquisition of Roots Sales, increasing the company's market penetration in South Africa. The initial deal is for 49% and there's a pathway to control. That's a decent structure.
At Capital Appreciation, the Payments division has been doing the heavy lifting. The Software division has been a casualty of delays in client contracts, resulting in the division being overstaffed and needing to take the painful step of addressing that issue.
MTN came through with a dividend in line with the prior year despite the horror story of 2023. The dividend is now higher than HEPS - which means a payout ratio of over 100%! Keep a close eye on this one.
You can also get the latest from Ascendis, Clientele, Fairvest, Gemfields, Merafe, MC Mining, Sasfin and Wesizwe Platinum (along with the assortment of Little Bites) in this juicy edition of Ghost Bites at this link>>>
To help you form your own view on the value of WeBuyCars, you can watch the recording of their recent appearance on the Unlock the Stock platform.
Check out the most recent episode of the Ghost Wrap podcast, made possible by Mazars. It takes just a few minutes to get the latest on Transaction Capital, Sun International, Thungela and OUTsurance. Get it here>>>
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| LISTEN: Magic Markets podcast |
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| In Episode 167 of Magic Markets, Justine Brophy of AnBro Capital Investments joined us to talk about two growth stocks that almost certainly aren't on your radar: Madrigal and Myomo.
If you enjoy biotech and pharmaceutical stocks, then this is for you.
Magic Markets is a great way to expand your reach to global opportunities. Listen to the show here.
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| Currencies, commodities and rates: TreasuryONE Market Update In their latest weekly video, the team at TreasuryONE takes a look at the upcoming MPC meeting and what the odds are for an interest rate cut.
As we near the end of Q1 for the year, we look back on a strong period for equities. The US has done incredibly well, but the Euro Stoxx and Japan's Nikkei outpaced the S&P 500.
Japan and China have been trying to strengthen their currencies, but without much success. The ongoing economic tussle btween the US and China is interesting, with new restructions on computer chips as just the latest example.
Brent Crude prices are expected to stay above $85 a barrel, influenced by rising geopolitical tensions like the recent terrorist attack in Russia. China's promise of economic support also gives a bullish undertone to oil prices.
Key indicators: USD/ZAR R18.87; US 10-year 4.24%; Gold $2,171; Platinum ZAR R16,967; Brent Crude $86.76 |
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| READ: A record year for private debt
(by Westbrooke) |
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| Westbrooke achieved a record year in 2023 in Westbrooke Yield Plus. Private debt is becoming an increasingly popular asset class for investors seeking higher yields.
In this article, you can learn why equities tend to underperform in a high rates environment and whether bonds make up for it. You can also learn about the portfolio of private debt exposure at Westbrooke. |
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| LISTEN: The ETF product design process
with Siyabulela Nomoyi of Satrix |
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| | | Delving into the ETF product design process and with a discussion on the latest ETF product launches at Satrix, Siyabulela Nomoyi joined me for this insightful conversation.
Don't miss it! |
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International company news:
The CEO of Boeing has stepped down - and apparently it was "100%" his own decision. I'm sure it was.
Airline bosses have been all over Boeing like a rash, screaming for better quality controls and more reliable production. The problem is that demand for flights is robust and the world needs more planes. Airbus cannot possibly meet that demand by itself. This means that the world needs a Boeing that works, even if the route to get there is so painful.
The departure of Dave Calhoun is only one part of a broader management team change. The head of the commercial airplanes division is also on his way out.
Boeing's share price is down 50% over five years. It's now trading all the way back where it was in 2017. Volatility is the only certainty with this chart, so tread carefully with any speculative positions here.
We've covered Boeing before on Magic Markets Premium, along with airline and even cruise businesses for good measure. You can get all of the research for just R99/month. It pays to know what's going on out there - literally.
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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.
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