Too busy to do detailed research on global stocks? Let Magic Markets Premium do the hard yards for you, with a weekly report and podcast on global stocks that has just the right level of detail. You can get the full library (over 50 reports!) for R99/month or R990/year by subscribing here>>> Ghost Bites:Adcorp has declared an interim dividend and has reported the first year-on-year increase in revenue since August 2018Even with solid results, Balwin's share price has hit a st ubborn resistance level yet again - what will it take to break higher?As I've been warning for many months now, EOH needs to raise equity capital with a rights issueMTN Nigeria reported solid free cash flow growth, with a couple of blemishes on the latest quarterly resultIn addition to these major stories, there were numerous updates from companies like Astoria, RECM & Calibre, MC Mining, Tradehold, Ascendis Health and more. It took me several hours to write Ghost Bites yesterday and it will take you less than 10 minutes to read it and get up to speed with the latest news on the JSE. Join professional fund managers in taking advantage of Ghost Bites as a time-saving tool. You c an read it here>>> Risk-off isn't pretty for the randWith a negative surprise from Chinese PMI data (the biggest miss since August 2021) and another Covid outbreak concern, TreasuryONE highlights that risk-off sentiment is back in the market. The rand briefly touched the R18.40 handle during the day and commodities came under pressure as well. Gold closed weaker for the 7th month in a row, having come under pressure from dollar strength. The eurozone grew in line with expectations during the third quarter, with a flash print of 2.1%. Inflation came i n slightly higher than expected at 10.7%, with food and energy prices driving the highest reading in 19 years! The euro fell away from parity, down 0.8% on the day. For a daily dose of insights, you can add the TreasuryONE podcast to your favourites. On-the-ground insights from the UKIn the latest episode of Magic Markets, Richard Asherson of Westbrooke Alternative Asset Management joined us for an update on dealmaking conditions in the UK. We dealt with topics like: Asymmetrical returns in debt-led investment structuresCurrent rates in the UK vs. long-term ave ragesThe impact of inflation on dealmakingThe performance of private company portfolios in this environmentWe also discussed the pressure on UK consumers and businesses and how Westbrooke works with partners in this environment. This is a terrific show for anyone interested in private equity, deal structuring and investing in general. Challenge yourself, grow your knowledge and listen to it here>>> Finally, are you keen to stand a chance to win a Takealot voucher of R8,000? Of course you are! All you have to do is fill out this survey>>> And with that, I wish you a wonderful Tuesd ay. |