| Good morning Voornaam, Quick links: Sun International will be left with an odd 6% stake in a Lagos hotel, but at least they are mostly out of it. PSG Financial Services released excellent numbers, as did Oceana. There are mining updates from BHP, Jubilee Metals, Mantengu Mining, Orion Minerals and Sibanye-Stillwater. Get these updates and more in Ghost Bites, brought to you by Fedgroup. There's a brand new Magic Markets podcast, in which we unpack the strategic trends and recent performance at Nike and Foot Locker. Their relationship with each other is... complicated. This episode is brought to you by Future Forex. Listen to it here>>> The Global Accelerator offers 100% capital protection in dollars at maturity after five years, while giving exposure to global equity indices. To explain how it works, Japie Lubbe of Investec Structured Products joined me in this podcast>>> In their April newsletter, Satrix looks at year-to-date performance across major asset classes, highlighting themes like AI and gold. Read it here>>> Interested in investment opportunities stemming from South Africa's energy transition? Listen to Iman Rappetti in conversation with Barry Shamley, Zane Bezuidenhout, Boipelo Rabothata and Campbell Perry in Episode 4 of The Current. Brought to you by Investec, listen to it here>>> Fedgroup believes that there is always an alternative in the market. Does incorporating alternatives into your portfolio make sense? Get their views in this entertaining article>>> Get the latest DealMakers summaries and thought leadership pieces here>>> |
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| Events: Interested in startups - either founding them or funding them? Join the bizval webinar next week featuring international special guest Stefanie Unger. She will be sharing her incredible knowledge about the startup environment in hotspots like London, Berlin and of course the US. Attendance is free but you must register here>>> |
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| LISTEN: The Global Accelerator
(with Japie Lubbe of Investec) |
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| The Global Accelerator offers 100% capital protection in dollars at maturity after five years, while giving exposure to global equity indices.
To explain how it all works, Japie Lubbe of Investec Structured Products joined me on this podcast to talk through the product design and the way it can be used in a portfolio. There's also great stuff in here about structured products vs. ETFs and many more insights.
Listen to this podcast to find out more. |
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| READ: Satrix April Newsletter | An Absolutely Incredible Time We Live In |
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| In the April newsletter, Satrix looks at year-to-date performance across asset classes.
The team also highlights the gold and Artificial Intelligence themes in the markets. |
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| READ: There is always an alternative...
(by Fedgroup) |
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| Should you think about incorporating alternative assets into your portfolio mix?
In this entertaining and insightful article, Fedgroup share their views on this asset class. |
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Local company news:
Ghost Bites is brought to you by Fedgroup.
Sun International has sold almost its entire equity stake in TCN in Nigeria, which trades as the Federal Palace Hotel. The strang 6% remaining stake from this isn't the end of the world, as the bulk of the value sat in the shareholder loans and they managed to sell that entire balance. This will do good things for the balance sheet.
PSG Financial Services released an excellent set of numbers that shows why distribution is so important in the wealth and asset management game. This has to be one of the strongest companies on the local market.
Over at Oceana, the tide has really come in for shareholders, with HEPS up by between 89% and 99%. When the fish are biting, it's good news for investors.
We also saw a flurry of mining updates, like the quarterly production update at BHP and news of yet more retrenchments at Sibanye-Stillwater. Among the smaller players, we saw fresh news come in from Jubilee Metals, Mantengu Mining and Orion Minerals.
Get the details in Ghost Bites at this link>>>
For more local news, the DealMakers summaries every Friday are incredibly helpful. You can get the latest on local M&A, local corporate finance and deals in Africa. You can also read about M&A in Africa and the potential for market consolidation activity. There's also a technical legal piece on class meetings in a scheme of arrangement situation. |
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| LISTEN: Cashing in on clean |
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| There are so many investment opportunities stemming from South Africa’s energy transition.
In episode 4 of Investec’s The Current, discover how you can get some skin in the clean energy game. Hosted by Iman Rappetti, listen to the discussion here>>> |
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| LISTEN: Magic Markets podcast |
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| In Episode 171 of Magic Markets, we covered the recent strategic outlook at Nike and their potential shift back towards wholesale channels.
With everything Foot Locker has been doing to reduce reliance on Nike, what could this mean for the balance of power in that sector?
Episode 171 is brought to you by Future Forex. Listen to the show here>>> |
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| LISTEN: Ghost Wrap - the M&A edition |
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| Get the latest on four recent examples of M&A on the local market: MultiChoice, Grindrod Shipping, MC Mining and Sanlam.
Thanks to Mazars, it's all in this podcast>>> |
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| LISTEN: Artificial, or Artificial Intelligence?
(with Nico Katzke of Satrix) |
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| Artificial Intelligence (or AI) is all over the headlines. Like with any hype trade, that's both an opportunity and a risk.
To bring some clarity to what this is and what this isn't, Nico Katzke of Satrix joined me on Ghost Stories. You'll really enjoy this podcast>>> |
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International business news:
Netflix is still killing it, with subscribers up 16%. The company will no longer report paid memberships from next year though, which raised eyebrows in the market. This is because they are focused on growing profits rather than subscribers, which means that engagement per subscriber is more important than the number of subscribers.
Imagine that? A tech company focusing on profits?
Both revenue and earnings per share beat expectations. The strength of Netflix is largely why I sold out of Disney after the recent rally in the markets. If the US market dishes out a major correction to equities, as many are expecting it to do, I'll look seriously at adding Netflix to my portfolio.
Our latest show in Magic Markets Premium is a detailed recap on Hasbro. Like with Disney, I chose to sell my shares after the recent rally. Why is that? Subscribers find out by accessing our entire research library for just R99/month. It pays to know what's going on out there - literally.
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| READ: Nobody wants to buy alligator pears
(by Dominique Olivier) |
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| Dominique Olivier's latest column in Ghost Mail is about the alligator pear - or, as we know it today, the avocado.
Here's the story of how the Super Bowl contributed to the rebrand and popularity of this err... fruit. Berry, in fact. |
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| Macroeconomic Update An alleged Israeli drone strike on Iran has led to a spike in gold as high as $2,417 before settling at $2,382. Brent Crude hit $90.70 per barrel before dropping to $88.80. The rand has fluctuated between R19.37 and R19.25 against the dollar.
It's not just the rand, either. Other emerging markets currencies also got hit hard by the unwinding of carry trades due to risk aversion. The partial recovery was due to Iran confirming minimal damage to infrastructure and no impact on nuclear sites.
Between geopolitical concerns in the Middle East and the hawkish stance of the Fed, the risk-off trade is dominant right now.
Key indicators: USD/ZAR R19.24; US 10-year 4.55%; Gold $2,382; Platinum ZAR R18,049; Brent Crude $88.65
This macroeconomic update is based on TreasuryONE's morning update. |
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| READ: Dive into your DIY investing adventure
(by Duma Mxenge of Satrix) |
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| Yes, you can take investing into your own hands - you just need a sensible approach to it.
In this excellent article, Duma Mxenge gives sensible, easy-to-follow tips on how to get more involved in your wealth creation journey. |
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| You should expect us in your inbox Monday – Friday. If you don’t receive an email, please check your spam, or junk folder and “move us” into your primary inbox to ensure you get it each morning.
Disclaimer
Our content is intended to be used and must be used for informational purposes only. You must do your own analysis before executing any investments or strategic decisions, based on your own circumstances. We do not provide personalised recommendations or views as to whether an investment approach or corporate strategy is suited to the needs of a specific individual or entity. You should take independent financial advice from a suitably qualified individual who gives due regard to your personal circumstances.
Whilst every care is taken, we accept no responsibility or liability for any errors or omissions in any of our content.
The views, thoughts and opinions expressed in our content belong solely to the author or quoted individuals and/or entities, and not necessarily to the author's employer, organisation, committee or other group or individual, or any of our affiliates or brand partners. |
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