| Good morning Voornaam, It's lovely to be back in your inbox at a decent hour once again. Thanks for making time for me!
I'm trying something new with Ghost Wrap, brought to you by Forvis Mazars. Previously, there were 2 - 3 podcasts a month, covering some of the more interesting stuff that had come through in Ghost Bites. Although useful, I always felt like I was missing out on tying more stories together for you. To try and address this, I am experimenting with rather doing a monthly Ghost Wrap that looks at themes and specific company examples, often with more than one name from each sector. I'm also including a full transcript and important share price charts, something that wasn't there before. Please do let me know what you think! You'll find the first example of the new style of Ghost Wrap here>>>
Before we dive into the company news, I also want to highlight the latest Ghost Stories podcast featuring Nchaupe Khaole and Keitumetse Lekaba. Mineworkers Investment Company (MIC) is looking for Black-Owned businesses to invest in as part of the MIC Khulisani Ventures initiative. This is a lovely opportunity for entrepreneurs in qualifying businesses to consider MIC as an equity partner and source of capital. To learn about exactly what they are looking for, listen to this podcast>>>
Let's jump to company news, where Naspers - Prosus had to be the story of the day yesterday. The Bloisi Effect is in full swing, with the new CEO having completely changed the narrative. The group is focused on profitability and optimisation of the portfolio, rather than endless acquisitions and promises of market share growth. The results speak for themselves.
Another company where the management team is having a major impact is Nampak. The ongoing turnaround is working, with the latest numbers showing the potential in the continuing operations.
Other earnings updates came in from Alexander Forbes and Standard Bank. In corporate dealmaking, we saw Aveng announce a deal to dispose of its stake in a property portfolio and Transaction Capital come out with the news that they are struggling to get the resolutive condition across the line for the Road Cover disposal.
Get all the details on these stories and the various Nibbles (including the all-important director dealings) in Ghost Bites here>>>
On the trading side, IG Markets South Africa has given us a helpful new article and video on understanding overbought and oversold trading conditions. Of course, the goal here is to identify potential market reversals and profit from them. You'll find it here>>>
For something completely different to the world of listed companies, the latest Magic Markets podcast digs into alternative investments and an overview of 2024 through the lens of Westbrooke. Dino Zuccollo joined us to talk about how they performed across South Africa, the UK and the US and what the investment trends are on the ground. It's a great discussion that you'll find here>>>
Have a great day!
PS: don't forget to register for the next edition of Unlock the Stock featuring KAL Group on 5th December. As always, attendance is free! You simply need to register at this link to attend. |
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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 - Novak Djokovic: pyramid-powered? |
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| | | In a classic case of selling the sizzle rather than the steak, one man in Bosnia has created quite the brand around a group of "pyramids" - or conveniently shaped hills. Novak Djokovic seems to believe in their power though! Dominique Olivier tells the story in this piece>>> |
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| Ghost Bites - local company news: |
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| Ghost Bites: The latest on Alexander Forbes, Aveng, Nampak, Naspers-Prosus, Standard Bank, Transaction Capital and numerous Nibbles in Ghost Bites here>>> |
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| MAGAnomics: Trump and the global economy |
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| International Business Snippet: |
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| Things are going from bad to worse for Volkswagen. The reaction by factory workers to the economic disaster being faced by the group is to go on strike, which certainly won't do any favours for the group income statement. It really is getting messy for European carmakers. I still think the situation is much worse than European governments are willing to acknowledge.
Intel CEO Pat Gelsinger is on the way out, after the board allegedly lost confidence in his plans for the company. Instead, there are now interim co-CEOs in the form of internal appointments. Hilariously, this is accompanied by a promise from the new chairman that they will build a leaner Intel. Starting with co-CEOs definitely doesn't set the tone for a lean group!
Our latest research in Magic Markets Premium is on Intuit. With businesses like QuickBooks and MailChimp in the group, this is a great way to play the SME trend. It's just a pity about the valuation. Is Intuit doing enough to justify the high multiple? Subscribers find out this week. |
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| Magic Markets: The automotive sector race |
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| | | Magic Markets: Start your engines has quickly become start your batteries – or has it? Are electric vehicle adoption rates problematic everywhere, or are some companies seeing better adoption than others? Where does this leave hybrids? For a whirlwind overview of the automotive sector at the moment, you’re in the right place. Find it here>>> |
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| IG Markets Morning Call: daily macroeconomic update |
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| The US Tech sector has led major US indices the Nasdaq-100 and S&P500 back into all-time-high territory. The move has seen some follow through in European and Asian bourses, so we expect a positive start for the JSE All-Share Index today as well.
The move in equity markets comes despite continued strength in the US dollar. The rand in turn remains weak, although is likely to find some directional guidance from 3rd quarter domestic GDP data scheduled for release later this morning.
The stronger dollar is however weighing on commodity prices, with both base and precious metals under marginal pressure this morning.
Oil prices are trading modestly lower today. OPEC+ is however expected to extend output curbs till the end of the next quarter at their upcoming production meeting on Thursday the 5th of December.
Traders will want to keep an eye out for this afternoon’s US JOLTS Job Openings data.
Key Indicators: USD/ZAR R18.17/$ | US 10yr 4.21% | Gold $2,638/oz | Platinum $944/oz | Brent Crude $71.88 |
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