| It's been billed as the Great Lockdown Crisis. Nedbank hopes that the worst is over and that impairments will reduce and client activity improve after a particularly tough first half for the banking group. Investors may not be as confident, sending its shares lower yesterday. Bidcorp, on the other hand, has already seen an improvement as customers in the restaurant, hotel and travel industries get back into action. The foods services company also took a significant hit over the lockdown period but its shares rallied on the back of its annual results. Private education group Stadio believes that Covid-19 could send more students its way as distance learning loses its stigma and starts to look more attractive, not least because of the affordability factor. It also reported yesterday and you can find more details down below, along with results from Adcock Ingram, Murray & Roberts and Resilient REIT. Finally, as the pandemic rages on, leaving in its wake a trail of consequences much more long lasting than the physical ailments of the virus, it has become clear that we will all need to support each other if we are to rebuild. A renewed sense of community has been ignited in our collective psyche. And feeling like a community is important because robust, connected communities are the cornerstone of engaged societies. You are part of that community - through your engagement on iHIVE, you are connected to a broader South African community that is working towards building a stronger, more stable society for us all. Click HERE to donate. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics You may have an Apple PC or smartphone, but would you buy Apple shares right now? And would you buy an earnings stream that is being inflated on an earnings per share basis because there are fewer shares in issue? The share price per unit of earnings has risen astonishingly since January. Ingham Analytics in "An Apple a day...?" has some thought-provoking stats to consider. You may also like other recent notes such as "Rolling in the Deep....." (an oily one as the name suggests), "Stimulus surge takes the sting out of Covid-19" (for which there is a sting in the tail), "Fed fortune cookie follies" (not that complimentary about the Fed but there are some practical trading strategies), and "Iron ore up, all else down" (there could be some juice yet to squeeze out of BHP but you need to be patient). | 