Ghost Bites:Altron reports a sharp recovery in profitabilityDis-Chem achieves another strong result with market share gainsFortress might avoid losing REIT status if enough shareholders can be persuaded into a short-term solutionGemfields has resumed operations in Mozambique (under armed guard)South32's quarterly report is promisingIt was such a busy day on the JSE. Other updates include Spear REIT disposing of 15 on Orange, Gold Fields releasing the circular for the proposed Yamana Gold merger, a trading statement from RECM & Calibre and bad news for Trellidor. Get up to speed after a busy day with Ghost Bites>>> Massmart shareholders gave a resounding yes to WalmartIn case you missed the news on Friday, Massmart shareholders almost unanimously approved the scheme of arrangement related to the Walmart buyout. For all the details, refer to this announcement>>> Build a more valuable company with bizvalAfter a successful start to the bizval webinar series, we are excited to bring you the third instalment this week. On Thursday 27 October at noon, the founders of bizval (including your favourite ghost) will be presenting on how to build a more valuable company. As a follow-on from the last webinar (watch it here), we will be focusing on margins, the importance of cash flow and the impact of concepts like greylisting or tax haven status on a valuation. Attendance is free. You just need to sign up at this link>>> Stability in the UK - or is there?Truss out. Sunak in. Will this finally bring some stability to the pound? The jury is out on that one. What we do know is that the rand managed to reverse all its gains from Friday evening against the dollar. Looking east, the Bank of Japan's intervention seems to be supporting the Yen for now. Overall, the dollar index fell below 112 for the first time in nearly a month. For regular updates on the market and assistance with market risk and other services, visit the TreasuryONE website. An Apple a dayWith Apple due to release results soon, EasyEquities brings you a piece by Chuck Saletta on Apple's iPhone sales and overall prospects. We are now in a world where "Apple" and "modest growth rates" can be found in the same sentence. I suggest you read this piece to find out more. Finally, take advantage of some me-time at work and enjoy the latest episode of Magic Markets, in which we answered questions sent to us by listeners. They ranged from technical questions through to fun, personal questions. Have a great day! |