| The rate and intensity of the cash burn at Massmart is just incredible. In the past six months, the company lost somewhere between R885.7 million and R921.5 million from its continuing operations i.e. the stuff that shareholders are stuck with even if the sale of the undesirable cash & carry businesses to Shoprite goes through. The company has lost around 44% of its value this year and if it breaks below R32 per share then it is truly a long way down. Reading list: Understand why Massmart is doing so poorly and how margin mix can have a huge impact on net results Take a closer look at Telkom's quarterly update and the elements of the business that I think MTN wants to get its hands onGet your daily Ghost Bites with updates on Royal Bafokeng Platinum, MTN Ghana, Sabvest, JSE Limited, Textainer, Capital & Counties and moreGive your money a passport with Ghost Global (written by Kreeti Panday) and the latest news from Apple, Procter & Gamble, Renault and Amazon Podcast list: Episode 86 of Magic Markets is a discussion with Petri Redelinghuys of Herenya Capital Advisors about the differences between trading DMA and OTC - a technical but important discussion for anyone interested in tradingEpisode 2 of Ghost Stories with Justin Clarke, founder of Private Property and now Operational Director at OrbVest - a great discussion on the journey as a startup and OrbVest's US medical real est ate offering to South African investors Daily market wrap with TreasuryONE: Gold is trading higher (I can hardly believe it myself) based on heightened geopolitical risk as US House of Representatives Speaker Nancy Pelosi got on a plane to Taiwan. Chinese authorities warned the US that such actions could have severe repercussions. Looking at other commodities, Palladium lost 6% on the day with slowing global growth conditions and weak PMI figures out of China hitting the metal. Platinum and Copper showed a small gain on the day and Brent Crude traded flat. The rand made it into the R16.40s but then lost ground as geopolitical risk became the focus. Magic Markets Premium: By the way, if you're wondering why Nancy Pelosi went to Taiwan, it has absolutely nothing to do with the beaches. Taiwan is systemically important to the glob al tech industry because of one company: Taiwan Semiconductor Company. We covered this stock in Magic Markets Premium a few months ago, focusing on its fascinating capital expenditure cycle. At R990 per year, Magic Markets Premium is a terrific resource for anyone interested in global stocks. We cover strategic concepts as well as financial concepts, so you will learn a great deal from the research even if you aren't actively investing in the US. Have a tremendous day in the markets! |
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| | | Massmart and Telkom released results that hurt investors. Royal Bafokeng Platinum had disappointing production numbers. Thankfully MTN Ghana, Sabvest Capital, JSE Limited, Textainer and a couple of others brought some cheer. |
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| Massmart's trading update is just horrible. It's becoming increasingly difficult to see a way out of this mess for the group. |
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| | | A detailed quarterly update from Telkom is a reminder of how quickly the legacy business is dying. What does MTN see from a potential buyout? |
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| Ghost Grad Kreeti Panday chose Apple, Procter & Gamble, Renault and Amazon for this week's Ghost Global update. The star is Renault, astonishingly! |
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| | | Petri Redelinghuys from Herenya Capital Advisors joins us to discuss the important technical differences between trading DMA and OTC. Get ready to learn! |
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| | | Justin Clarke founded Private Property and helped steer the business through two financial crises and an investment by famous firm Tiger Global Management. He is now Ops Director at OrbVest, giving South African investors access to US medical real estate |
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