| Good morning Voornaam,
This is your final call to register for the opportunity to engage directly with the management teams of Calgro M3 and Bell Equipment on Unlock the Stock at 12pm today. Brought to you by A2X, the event is free to attend. You need to register at this link>>>
For those of you who want to learn more about trading, the latest episode of Magic Markets features Garth Mackenzie of Traders Corner and the Talking with Traders podcast. He joined us to talk about concepts like trading bull vs. bear markets and the different types of traders. Brought to you by B2IT, you can enjoy it here>>>
I've also written an article for EasyEquities about winners on the local market and whether they can keep winning. I covered Spur, The Foschini Group and CA Sales Holdings. Read it here>>>
Have a great day!
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| NEW: Ghost Wrap podcast
(PSG Financial Services | MiX Telematics | Karooooo | CMH | African Bank - Sasfin | Cashbuild | Calgro M3) |
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| | | The latest Ghost Wrap podcast brings you company news and my opinions on a variety of local companies. It's a whirlwind, delivered at a rate of less than one minute per company! Ghost Wrap is brought to you by Mazars. |
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| In the latest Ghost Stories podcast focusing on structured products with the Investec team, Japie Lubbe joined me to unpack the Optimal Investment Growth Basket.
It offers a maximum annualised return in USD of 9.8% per annum over five years, with 100% capital protection at maturity in USD.
Listen to the show to learn about how this product works and what the benefits and risks are. |
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| NEW: Learn about structured products |
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| For additional insights into structured products and for those who prefer articles to podcasts, this piece from Investec touches on the opportunities in the market as well as the risks.
Structured products are designed to navigate that environment. |
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| NEW: Magic Markets podcast |
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| In this brand new episode of Magic Markets, we welcomed Garth Mackenzie to the show to talk about the art of trading.
Thanks to B2IT, you can learn about trading in bull vs. bear markets and the different types of traders in the market.
Garth has a wealth of experience in this space and as a podcast host himself, it was guaranteed to be an enjoyable discussion. No wonder it went on for longer than usual! |
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| | | There have been winners on the local market, if you know where to look. The question is whether those winners can keep winning. I covered Spur, The Foschini Group and CA Sales Holdings in this piece for EasyEquities. |
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| Have you ever asked yourself why SHEIN is so cheap?
Dominique Olivier loves clothes. She loves saving money. She doesn’t love arguably damaging business practices, with many questions being asked around the world about SHEIN. |
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| TreasuryONE Market Update Risk-on, risk-off. Now that you're hopefully thinking back to watching the Karate Kid movies, we can give you the bad news that the rand has moved above R19.00 again. All emerging market currencies came under pressure, so it's likely that the Middle East and related sentiment is the cause.
Locally, CPI inflation data printed as expected at 5.4% for September, up from 4.8% in September but within the SARB's target band. This suggests that the SARB will hold off from any rate hikes at the moment.
Gold is acting as the safe haven asset that many assume it is, trading at $1,950 per ounce. Brent Crude also jumped higher, trading at $91.51.
TreasuryONE hosted a recent webinar for clients with ETM Analytics. The video is embedded below, or you can watch it on YouTube here>>> |
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| | | Get the latest on Accelerate Property Fund, BHP, EOH, Pick n Pay and Quilter. It's all available with a single click in Ghost Bites. |
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| Pick n Pray A year-to-date chart of Shoprite vs. Pick n Pay is just going from bad to worse. The former is up 3.4% (a victim of a high valuation in a tough market) and the latter has tanked 55% (a victim of itself).
Turnover at Pick n Pay might have grown 5.4% in the interim period, but trading profit has collapsed by 97.5%. In absolute terms, the entire Pick n Pay group made a trading profit of R31.8 million in the 26 weeks to 27th August! This is before various other line items (like net finance charges), taking it to a loss before tax of R837.2 million.
There aren't many positives for Sean Summers to latch onto as he moves into the CEO role. Already, he's told the market that a turnaround is going to take a year or two to show much progress. Given the strength of Shoprite, even that feels ambitious to me.
Pick n Pray, indeed. It's going to take a small miracle.
Other updates came in from Accelerate Property Fund with the sale of two buildings, BHP with the sale of two mines (and a quarterly production update), EOH with financial results and Quilter with an update on fund flows in the UK.
Get everything you need in Ghost Bites with just one click>>> |
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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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