| Good morning Voornaam, SENS has been intensely busy lately. This is a good opportunity to remind you that although I try and cover off the most important points each day in Ghost Bites, the idea is to help you figure out where to go and do more detailed research. That's especially important when SENS is delivering seemingly endless updates, as it's impossible to go through each one in the level of detail required for an investment decision. In other words: always remember to do your research!
Speaking of research, there's a great new podcast with Siyabulela Nomoyi of Satrix that digs into how to do research on not just ETFs, but single stocks as well. It was a fun discussion in which we both took turns asking the questions, giving you a really well-rounded view on how to add equity exposure to your portfolio. You can enjoy it here>>>
Moving on to the latest news, Sanlam and African Rainbow Capital have always been close. Now, they are about to get even closer, with Sanlam putting more money into the group and restructuring its investment in ARC to give it exposure to TymeBank. I'm not surprised, as the TymeBank story is getting pretty exciting as a frontier market banking solution that used South Africa as its initial market.
I also want to highlight CA Sales Holdings and the ongoing growth in that group. The company has been a regular visitor to the Unlock the Stock platform and that's given me a great opportunity to get to know the business. To understand for yourself how they keep growing, you can register for free to attend Unlock the Stock next week with CA Sales Holdings.
There are plenty of other important names covered in Ghost Bites today, including Bidvest and their results across the seven divisions, of which five had a positive story to tell. I also covered Burstone, MAS, RCL Foods and Rainbow, Sibanye-Stillwater, Sun International and Trellidor.
Sink your teeth into a busy day of news in Ghost Bites at this link>>>
Have a great Tuesday! |
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| FEATURED: The Trader's Handbook Ep 5 |
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| | | IG Markets Episode 5: Pairs trading offers a great opportunity to play one stock off against another, a strategy that means you can take short positions even in a more bullish market. Learn all about it at this link>>> |
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| FEATURED: Mastering your portfolio with ETFs and single stocks |
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| Ghost Stories: Doing your own research is a great concept and all, but how do you actually do it for both ETFs and single stocks? In this podcast with Siyabulela Nomoyi of Satrix, we dug into this topic. Find it here>>> |
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| FEATURED: Cartels, Cement and Crocodiles - Yes, Crocodiles! |
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| | | Dominique Olivier: They may be sparkly, but the illegal sand trade is a far bigger problem than the smuggling of diamonds. There is far more of a global shortage of sand than you may think, which means only one thing: an illicit market. Learn more here>>> |
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| FEATURED: Is Quantum Computing the Next AI? |
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| Magic Markets: AI has been all the rage in recent times. Coming up just as quickly is quantum computing, an exciting new technology that has some potentially incredible use cases. To lift the lid on this trend and to identify how to invest in it, international geopolitical strategist Dimitri Zabelin joined us. Find it here>>> |
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| Ghost Bites: The latest on Bidvest, Burstone, CA Sales, MAS, RCL Foods, Rainbow, Sanlam + ARC, Sibanye-Stillwater, Sun International and Trellidor, along with various Little Bites in Ghost Bites here>>> |
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| Ghost Wrap: With thanks to Forvis Mazars, this podcast brings you the latest on Italtile, ADvTECH and STADIO as well as Harmony, all in just a few minutes in the Ghost Wrap podcast. |
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| Investec Podcast: As part of the Investec No Ordinary Wednesday series, you can enjoy Jeremy Maggs in conversation with Tinus Rautenbach, head of Investec's online platform Clarity, as they discuss the rise of self-directed investing. Find it here>>> |
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| Nico Katzke of Satrix: The GNU has driven significant optimism around the South African market. To help us understand where this is playing out and how the carry trade protects the rand, Nico Katzke joined me on Ghost Stories. Find it here>>> |
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| Magic Markets: How should you go about building a portfolio to meet a specific theme or objective? To explore the topic, Craig Antonie of AnBro joined us to discuss the portfolios that he has build. Find it here>>> |
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| International Business Snippet: |
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| Even when there's a breather in the onslaught of global company earnings announcements, there's always something interesting to read in the offshore markets.
In this case, what caught my eye was a deal by a Blackstone-led consortium to acquire an Australian data centre business called Airtrunk. With a deal value of $13.5 billion, this is a lovely reminder that there are huge opportunities in the private markets. Listed companies are by no means the largest that you'll find out there. It all comes down to liquidity and capital raising strategies. When companies can stay private and still meet their objectives, they often take that route.
This week, we are diving into Ulta Beauty on Magic Markets Premium. If you're keen to get the latest on the company, as well as access to our vast library of stock research notes based on our work in the markets and what we do with our own money, then take out a subscription for just R99/month. Thank me later. |
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| IG Morning Call: daily macroeconomic update |
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| US equity markets closed marginally lower last night in low volume trade, with little in the way of new economic data to drive direction. European benchmarks are trading mixed this morning while Asian indices are tracking lower.
Weakness in Asian markets appears to be taking its cue from softer Chinese manufacturing data and concerns relating to the health of the region’s property sector.
The JSE All-Share Index is expected to open flat today ahead of Q2 2024 GDP data scheduled for release later this morning. The rand is marginally weaker on the day.
A slightly firmer dollar and demand concerns stemming from China is weighing on metal prices this morning. Gold is now trading closer to the lower end of its short term range between levels $2,485/oz and $2,530/oz.
Oil prices have managed a partial rebound from oversold territory despite the weaker demand outlook from China and expectations that OPEC+ will look to increase output by October.
Key Indicators: USD/ZAR R17.86/$ | US 10yr 3.915% | Gold $2,493/oz | Platinum $923/oz | Brent Crude $77.30
The macroeconomic update is based on IG's morning call update |
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