| There are some excellent learning opportunities in Ghost Bites this morning for those who are interested in corporate finance (the dark arts of mergers and acquisitions, capital raisings and listings): BHP Group made an opportunistic play for copper group OZ Minerals Limited (ASX: OZL), after OZL's share price fell sharply on concerns of a recession. The board said no, which means BHP either needs to hike the proposed offer price or go hostile with an offer directly to shareholders.The partial offer by New Veld LLC for Alexander Forbes has been a great success, with the investor taking its stake from 14.83% (as acquired from Mercer Africa) to the maximum desired holding of 33% . This was made possible through the "excess tenders" mechanism, a useful tool in partial offers.In addition to details on these stories, Ghost Bites includes insights on Datatec's latest acquisition, Sun International's property deal, Mpact's interim results, a trading statement from OneLogix and several other updates. Monday may have been a day off for many, but the market had no shortage of news. Exciting new content In Ghost Global this week, Ghost Grad Jordan Theron decided to focus on Berkshire Hathaway, Tesla, Beyond Meat, Alibaba and Amazon. The news varies from a $53 billion loss in investment value for Warren Buffett and his crew at Berkshire through to Amazon's decision to invest in autonomous vacuum cleaners.In Episode 3 of Ghost Stories, Carel Nolte from EasyEquities joined me to discuss some great insights into the behaviour of investors on the EasyEquities platform. We looked at concepts like favourite stocks, use of ETFs, offshore accounts, flows into crypto bundles and more. Don't miss it!In case you haven't made time for it yet, Episode 87 of Magic Markets is a lovely reminder of how diverse the world of alternative investments can be. Together with Jonathan Loeb from Westbrooke Alternative Asset Management, we talked about investing in mobile home parks in the US. Take Jerry Springer images out of your mind and get ready to learn!It may have slipped past you on Monday considering so many people were on leave, so I'm including Chris Gilmour's piece on SA retail spending in today's Ghost Mail again. It's a sobering look at the pressures on local consumers and what this could mean for discretionary vs. non-discretionary retailers.Daily market wrap with TreasuryONE The rand was on the front foot before the public holiday, breaking below the R16.60 level to the dollar. Today's important data release is the CPI numbers out of the US, which the market will watch closely. This could have a significant impact on the rand and commodities, which also had a strong day on Monday. Brent Crude has fallen slightly and is trading below $96 per barrel. As a reminder of how incredible the volatility has been in Brent Crude, the 52-week range is $64.90 - $139.13. This has been a wild time in the market. I hope you enjoy today's content and learn as much as possible! |
|---|
|
|---|
| | | BHP's opportunistic play for an Australian copper miner has been kicked to touch. The partial offer by New Veld for Alexforbes was a success. Mpact and OneLogix released earnings updates. |
|
| Ghost Grad Jordan Theron brings you Ghost Global this week, with a variety of stories including Berkshire Hathaway's $53 billion loss in the value of its investments and Amazon's $1.7 billion acquisition of iRobot, the autonomous vacuum cleaner company. |
| |
| | | South African retail spending is facing significant risks. Stagflation is an ugly word that we are now dealing with. Chris Gilmour explores the impact on consumers and retailers. |
|
| | | In Episode 3 of Ghost Stories, Carel Nolte joins me to discuss insights from the data on investor behaviour on the EasyEquities platform. |
|
| | | Jonathan Loeb from Westbrooke Alternative Asset Management takes us on an adventure to Florida to learn about this asset class. |
|
| EasyEquities is a product of First World Trader (Pty) Ltd t/a EasyEquities which is an authorized financial services provider (FSP no.2225880) and a registered credit provider (NCRCP12294).
EasyProperties is a juristic representative of the First World Trader (PTY) Ltd t/a EasyEquities which is an authorised financial services provider (FSP) number 22588.
EasyEquities does not act as an FSP when allowing you to buy and sell the EC10 bundle as well as any other cryptocurrencies.
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. |
|---|
|
|
