| Good morning Voornaam, Hello from an undisclosed location on the other side of the world. Ghosts are nothing if not mysterious, right?
In honour of a trip that started with Istanbul, I'm including a fun fact about Turkey each day. On Monday, I put in a note on the cats of Istanbul - one of my favourite things about this city. Today, I'll focus on the people. There are a lot of them! With a population of around 15.7 million, Istanbul is the most populous city in Europe. I'm just not sure how they measure that though, as half the city is technically in Asia.
That's one of the really interesting things about the place: you can catch a ferry from one continent to the other by crossing the Bosphorus! In case it's not obvious, I'm thoroughly enjoying my trip to learn more about another emerging market.
Moving on from the land of the Bosphorus to the land of the braai (and I do hope you enjoyed Heritage Day), there are signs of life at Trellidor. Investors might take a while to believe it, given the historical challenges at the company, but for now things are on the up and the Price/Earnings multiple isn't demanding.
From emerging markets to frontier markets (in this case Zambia), news from Jubilee Metals is that the company has managed to secure a sustainable power supply for its copper ambitions in the country.
Hyprop has a different view on Africa, having put in place deals to exit Ghana and Nigeria. One of those deals has now closed and the other is still in process.
Other news includes numbers at Grand Parade Investments and Texton, details on how NEPI Rockcastle is tapping the bond market for capital and an update from South32 on how they are tapping the US government for grants!
Get it all in Ghost Bites, your one-click SENS summary at this link>>>
Satrix has given us a useful new piece on how index-tracking strategies can balance returns and fees. There's good stuff in here on the power of compounding and how important it is to be aware of what your investment fees are. Enjoy it here>>>
With a brand new episode of The Trader's Handbook due for release in Ghost Mail tomorrow, make sure you've read about the Average True Range indicator as a really helpful tool, as explained in this piece by IG Markets South Africa.
Have a great Wednesday! |
|---|
|
|---|
| FEATURED: The Trader's Handbook Ep 6 |
|---|
|
|---|
| | | IG Markets Episode 6: Traders have a variety of important trading signals and indicators that they look at to understand market trends and predict where things are going. Learn all about it at this link>>> |
|---|
|
|---|
| FEATURED: Index-tracking and the balance between returns and fees |
|---|
|
|---|
| Satrix: The importance of fees in an investment strategy cannot be emphasised enough, especially when you consider the power of compounding. In this piece, Satrix explains how index-tracking strategies help balance returns and fees. Find it here>>> |
|---|
| |
|---|
| FEATURED: How to Build a Bear Case |
|---|
|
|---|
| Magic Markets: Here's the dark side of the moon - the bear case, the thinking that requires you to imagine what might go wrong. Sometimes, it's going wrong right in front of you, provided you know where to look. Learn how to build a bear case here>>> |
|---|
| |
|---|
| FEATURED: A responsible investing roadmap |
|---|
|
|---|
| | | Investec Wealth & Investment International has launched a comprehensive guidebook on responsible investing. In the latest episode of the No Ordinary Wednesday, Jeremy Maggs speaks to the authors, Boipelo Rabothata and Maxine Gray. Enjoy it here>>> |
|---|
|
|---|
| Ghost Bites - local company news: |
|---|
|
|---|
| Ghost Bites: The latest on Grand Parade, Hyprop, Jubilee, NEPI Rockcastle, South32, Trellidor and Texton along with various Nibbles in Ghost Bites here>>> |
|---|
| |
|---|
| | | Ghost Bites: Get up to date on the performance and latest news at Sibanye-Stillwater, Truworths, Finbond and Barloworld in just a few minutes. Brought to you by Forvis Mazars, you can enjoy Ghost Wrap here>>> |
|---|
|
|---|
| Dominique Olivier: Forever in blue jeans, babe |
|---|
|
|---|
| International Business Snippet: |
|---|
|
|---|
| When it comes to investing in the biggest names in the world, you can never underestimate the risk of a regulator losing its temper. Visa is the latest such example, with the US Justice Department filing a civil antitrust suit based on an alleged illegal monopoly in debit payments.
I have shares in Visa precisely because they are so powerful, so this will be an interesting one to watch. Of course, Visa's immediate defence is that there are a vast number of alternative payment providers popping up in the fintech space. The DOJ will argue that even in those cases, payments regularly have to travel on Visa's payment rails.
Visa's share price fell 5.5% in response to the news.
Our latest research in Magic Markets Premium is on Uber. This is one of my favourite growth stocks at the moment and I hold it in my portfolio. You'll see why in the latest report for our subscribers this week. |
|---|
|
|---|
| IG Morning Call: daily macroeconomic update |
|---|
|
|---|
| Local miners are expected to lead the JSE All-Share Index higher this morning, as our market plays catch-up after being closed yesterday on account of the Heritage Day public holiday.
The Hang Seng and Shanghai Composite have surged, leading global equity markets higher, following a new round of monetary stimulus from Chinese authorities.
The dollar index softened significantly yesterday and the rand is now trading at its firmest levels against the greenback in roughly a year and a half. China stimulus news has seen industrial metals gaining which is providing further support to the ZAR through key export prices.
Oil prices have held onto short term gains, propped up by demand optimism after recent monetary easing efforts by the US and China.
Gold is trading further into new high territory supported by geopolitical risk and the weakened dollar.
Key Indicators: USD/ZAR R17.31/$ | US 10yr 3.74% | Gold $2,656/oz | Platinum $984/oz | Brent Crude $74.40
The macroeconomic update is based on IG's morning call update |
|---|
|
|---|
|
|
