Rebosis: calling all pockets

Good Morning Voornaam,

Rub those eyes - it's fake Monday! There's no better way to get your brain out of a chocolate-induced fog than by listening to Ghost Wrap. Brought to you by Mazars, this fast-paced podcast will have the bunny scampering away and you focusing on your money again. Get the latest on Investec, CMH, Northam Platinum, Pick n Pay, EOH, Nampak, Murray & Roberts, Glencore and Rebosis in under 9 minutes at this link>>>

And for a global flavour, the latest episode of Magic Markets saw Justine Brophy of AnBro Capital Investments join us to talk about two growth stocks in the medical field that AnBro has in its Unicorn portfolio. Dexcom ($DEX) and STAAR Surgical Company ($STAA) have been introduced to Magic Markets listeners before and we got an update on how the companies are performing. There's much to learn in this show>>>

Speaking of learning, put on your analyst hat and register for Unlock the Stock on Thursday. This event will feature the team from Astoria Investments, an investment holding company that holds a diverse portfolio of mainly unlisted assets. As always, there will be a management presentation and a Q&A. Brought to you by A2X, you can register here>>>

How do you rescue a property company?

Look, the answer probably isn't going to shock you. You "rescue" a property company by selling as many assets as you can and paying off debts. If there is any equity left, then shareholders are the proud owners of a much smaller property company. I could only have a chuckle at the results of the creditor voting process for the Rebosis business rescue plan. With more than R8.7 billion in debt, literally all but ONE creditor voted in favour of the plan.

The creditor who said no? The amount owed is R22,816. I guess that person was very upset about this amount and wanted the world to know about it.

Leaving that aside, Rebosis has created a process whereby anyone can register their interest in the property port folio, as literally the entire thing is up for sale. If there are buyers out there, the business rescue practitioners are going to try hard to find them.

After the close of play on Thursday, when most people were already enjoying the loooong weekend, Nu-World came out with an announcement that won't please shareholders. Look out for some action in that share price today (subject to there being much liquidity) as earnings are horribly down.

There were also updates from Harmony, Finbond, Eastern Platinum, Kibo Energy and WBHO, all of which are covered as ever in Ghost Bites>>>

It was a Good Friday for US job numbers

Non-farm payrolls came out on Friday and TreasuryONE was on top of them, noting an increase of 236,000 that was just above expectations of 235,000 jobs being added. The unemployment rate fell to 3.5% from 3.6% in February. Liquidity was thin to say the least on Friday, so there wasn't much of a response from the rand.

The market will give us far more direction today.

For more information on how TreasuryONE helps individuals with forex solutions, click here>>>

I know it hurts today. I know. Make the most of it, have a sneaky chocolate egg with your coffee later this morning and enjoy being back at work!

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