Ghost Bites:Altron reports a big jump in HEPS and strong results from its continuing operationsFamous Brands has recovered to pre-pandemic levels (but is still way off the pre-2016 days before Gourmet Burger Kitchen)The Transnet strike is negatively impacting Kumba Iron Ore (and the entire country's economy)Sappi closed nearly 8% higher after giving the market great news about earningsSirius Real Estate is a mixed bag despite releasing a trading statement with a positive headlineAs you can see, there's a lot to digest in Ghost Bites this morning. Credit must go to Capital Sigma on Twitter for the hilarious twist of force majeure into force manure - I can't take the credit for that! Get all the manure (and some good news) in Ghost Bites>>> Did you miss any of the recent features?There's been a lot to enjoy in the past couple of days in Ghost Mail. Here's a quick overview in case you missed something: Greg Salter wrote a popular piece about how rhodium saved our economy in the pandemicChris Gilmour highlighted the strength of the dollar and the weakness in Europe and the UK - the troubles in the UK didn't happen overnightGhost Grads Kayla Soni and Kreeti Panday looked at the education sector on the JSE (Curro / Stadio / ADvTECH)On Unlock the Stock, Growthpoint joined us to give a presentation on the business and answer numerous questions A subdued day in the marketWith the US out of the market, the rand traded in a subdued manner. The rand was close to the R18.00 level after opening the day at R18.18. Before we get too excited, there's a lot of data in the market this week that could give the dollar fresh momentum. There is also renewed fear of the war escalating in Ukraine, which would hurt risky assets. We can't be sure about the war. We can be sure about the release of data, with the US Fed minutes due on Wednesday and the US inflation number due on Thursday (with an expectation of 8.1%). A higher-than-expected print would likely take the probability of a 75 basis points hike in November to over 90%. To make sense of it all, be sure to register for the TreasuryONE webinar taking place on Wednesday at 1pm. Register here>>>
Looking to the futureIf you're serious about your investing, you would do well to listen to Magic Markets. This week, Justine Brophy of AnBro Capital Investments joined us to talk about the oulook for growth stocks and the importance of looking through the cycle. Listen to Episode 96 here and look to the future>>> Have a lovely Tuesday! |
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| | | Altron reports a big jump in HEPS. Famous Brands has surpassed pre-pandemic earnings. Transnet is negatively impacting Kumba. Sappi released great quarterly guidance. Sirius put out a positive message but watch the numbers. |
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| As the stalwart of the property sector, Growthpoint is always of interest to investors. With so much opportunity in this space after the pandemic, this was an excellent edition of Unlock the Stock. |
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| | | Chris Gilmour reminds us that the UK has had these problems coming for a while, with the strength of the dollar highlighting that the Great British Pound isn't so great anymore. |
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| There are three major education groups on the JSE. If your assumption is that these are steady investments, you are badly wrong. Learn more with the Ghost Grads. |
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| | | Ghost Mail reader Greg Salter has written a wonderful piece on rhodium, the unsung hero of the South African economy during Covid. It's absolutely worth a read. |
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| | | Justine Brophy from AnBro Capital Investments is feeling good about the future. It takes a cool head to be a successful investor and the team from AnBro certainly knows how to look through a crisis. Learn from them in this podcast. |
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