Friday 25 June 2021
Good morning Voornaam,
It's Friday, which means you can warm up with a coffee and a selection of insightful articles in InceConnect. Thank you for reading this week and please keep the feedback coming - we love hearing from our readers!
In the past couple of days, we've seen big news in the financial services and property sectors in particular.
Old Mutual's share price was on a charge yesterday, as the company closed over 6% higher in response to an after-trading announcement on Wednesday that a large portion of the Nedbank stake would be unbundled.
The market loves a good value unlock story, although Nedbank isn't exactly shooting the lights out at the moment as return on equity is still below appropriate levels for shareholders.
Then we have the Growthpoint trading update, which includes some truly ghastly statistics about the state of the market for REITs. New leases are being signed at rates way below the expired leases, which will put pressure on income for some time to come.
If you are worried about what you may have missed this week, including the deals we simply didn't have enough space for in InceConnect, be sure to read the DealMakers articles that summarise the corporate actions for the week.
There's also a very helpful article from Webber Wentzel attorneys, dealing with the regulatory pressure on Big Tech firms from global competition authorities. I also wrote on this topic earlier this week, as it is a key risk for FAANG companies (and glorified FAANGs like Alibaba).
As a reminder, my weekly mailer (Ghost Mail) goes out every Tuesday and is focused on giving deeper explanations of the trends and deals in the market. I use that platform to share my knowledge and teach as many concepts as possible, using practical and fun examples in the market. In the past two weeks, I gave detailed insights into REITs and the yield curve.
It's free to receive Ghost Mail every Tuesday and you can sign up here. It comes highly recommended and will enhance your understanding of everything you read in InceConnect.
This marks the end of my fourth week at the helm of this publication. I hope you've been enjoying it as much as I have!
Have a lovely weekend and stay safe out there.
The Finance Ghost

Local and Offshore Market News
New Mutual
Old Mutual is unbundling a chunky part of its stake in Nedbank in a bid to unlock value for shareholders. The market liked it. Read More
An office property sector in crisis
Growthpoint's update is enough to send a shiver down the spine of any REIT investor, especially in office portfolios. Read More
Who's doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies Read More
Who's doing what in the African M&A space?
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa) Read More
Thorts: The exponential cost of anti-competitive behaviour in digital markets
Digital markets and Big Tech firms are likely to be the flavour of the month for competition authorities for some time to come. Read More

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.


We are active on
View online | Unsubscribe

This email was sent to newsletter@newslettercollector.com on 2021-06-25

Powered by Ince (Pty) Ltd | 42 Wierda Road West, Wierda Valley | Sandton | Gauteng | 2196 | SouthAfrica