As we head deeper into silly season, we really cannot stress this enough: be cautious out there. A lot of people have far worse intentions than just sending you annoying chain messages on WhatsApp this December. Satrix gives important cybersecurity tips in this article.
Yesterday was an extremely busy day for company news. WeBuyCars obviously caught my eye because I'm still a shareholder and I've ridden that beautiful wave this year. There are some concerns in the market around cash generation, but is that just a function of the rapid expansion of the group?
There are feel-good stories at Astral (which I used as a wonderful example of the benefit of incremental sales in a business with high operating leverage), Naspers-Prosus (the eCommerce business has hit the key inflection point for profitability) and even Telkom. Yes, Telkom. A good news story.
Over at PPC, this phase in the turnaround has been named "awaken the giant" - which makes it easy to make jokes about the giant not getting out of bed just yet. At Sirius Real Estate, you can see the impact on earnings per share of issuing shares far in advance of actually needing the money. Spoiler alert: cutting a pie into more pieces isn't good for people who are only getting one piece.
To round off a full day of updates, we saw Fairvest increase its stake in Dipula Income Fund, Sanlam complete the acquisition of 60% of MultiChoice's insurance business and Goldrush release its first consolidated accounts.
If you can believe it, the Nibbles section is pretty full as well! To get everything you need and nothing you don't, read Ghost Bites here>>>
Keen to get insights into some Trump-inspired trade ideas and potential impacts of his expected policies? Dimitri Zabelin joined us on Magic Markets for this discussion, bringing his global lens and expertise to the show. Find it here>>>
Our next Unlock the Stock session is with TWK, a group operating across various agriculture verticals. You can register to attend on 21 November for free here.
Have a great day! |
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THE TRADER'S HANDBOOK: Insights and strategies for commodity markets - oil, gold and more |
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| | In this episode of The Trader’s Handbook, Shaun Murison from IG Markets South Africa joined me to explore the world of commodity trading.
We discussed the nuances of trading popular commodities like gold and oil, comparing direct commodity trading to investing in mining stocks, and delved into the unique appeal and risks associated with each.
We also covered double tops and double bottoms in the technical analysis section.
The podcast and detailed transcript are available here>>> |
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FORVIS MAZARS: Innovative funding remains the charge powering South Africa's energy transition |
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| | The ongoing evolution of the renewable energy investment landscape in South Africa requires innovative funding structures, as explained by Johan Marais and Taona Kokera of Forvis Mazars in South Africa. Learn more here>>> |
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SATRIX: Shari'ah-compliant Investing |
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| | Shari'ah-compliant investing in South Africa just got a major boost with the listing of the Satrix MSCI World Islamic ETF on the JSE in October.
Yusuf Wadee of Satrix joins me to unpack this fund and the fascinating Shari'ah principles in general. There's much to learn here, regardless of whether your faith requires you to invest based on these principles.
Along with a detailed transcript, you'll find it here>>>
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DOMINIQUE OLIVIER: In loving memory of the internet |
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| | With bots on the rise, algorithms controlling what we see and machine-written content filling in the cracks, is there any space left on the internet for humanity? Find it here>>> |
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Ghost Bites - local company news: |
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Ghost Bites: The latest on Astral, Fairvest - Dipula, Goldrush, Naspers - Prosus, PPC, Sanlam - MultiChoice, Sirius, Telkom, WeBuyCars and numerous Nibbles in Ghost Bites here>>> |
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Unlock the Stock - Calgro M3 |
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MAGAnomics: Trump and the global economy |
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International Business Snippet: |
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At a time when there seems to be no good news at all from traditional automakers, Xiaomi (yes, makers of smartphones) has raised its forecast for electric vehicle demand once more. Before you laugh, these are proper cars. Sure, they look a bit like a McLaren design fell off a truck and landed in their storeroom, but the SU7 Ultra prototype also blitzed the Nurburgring in 6 minutes 46 seconds. If you're a petrolhead (ahem - EV-head?), then you'll know how impressive that is.
Not only does this make it clear that Western brands simply cannot rely on heritage anymore, but it also puts the difficult economics in the spotlight: Xiaomi's car division is still operating at a loss. I wouldn't bet on that loss carrying on forever though.
Our latest research in Magic Markets Premium is on Amazon. This is a perfect example of a platform business finally coming into its own, with the eCommerce business contributing positively as well. Does this make it a compelling choice vs. some of the Magnificent 7 peers? Subscribers find out this week. |
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Magic Markets: Making Forex Better |
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| | Magic Markets: Future Forex is on a mission to make forex cheaper and simpler for individuals and businesses alike. Harry Scherzer joined us to talk about their evolution from a strong crypto arbitrage foundation. Find it here>>> |
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IG Markets Morning Call: daily macroeconomic update |
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Global equity markets suggest a positive start for our local bourse the JSE All-Share Index, although there hasn’t been much in the way of new news to guide short-term direction.
Today’s economic calendar is again light on news, although locally we await CPI inflation data Wednesday and the SARB rates decision on Thursday. The rand is back below the R18/$ mark.
The dollar and US Treasury Yields have started a minor correction from overbought territory. The move sees some relief for base and precious metal prices, which are mostly higher on the day.
Oil prices have started to rebound, reflecting escalating concern around the war between Russia and the Ukraine.
Key Indicators: USD/ZAR R17.95/$ | US 10yr 4.40% | Gold $2,622/oz | Platinum $970/oz | Brent Crude $73.20
The macroeconomic update is based on the morning call update by IG Markets |
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