| Investors appear to be pricing in a positive outcome to Canadian firm Volaris's takeover of technology group Adapt IT. In fact, they're also pricing in a potentially sweeter deal than is currently on the table, with the company's shares now trading above the R6.50 offer price. Already, shareholders representing more than 44% of the Adapt IT's shares have undertaken to support the offer. Meanwhile, Emira Property Fund's biggest shareholder is going ahead with a mandatory offer to minority shareholders. It's obliged to after its holding in Emira passed the 35% threshold that triggers an offer. However, its bid comes at a big discount to the property fund's net asset value which is unlikely to sit well with shareholders. More on those stories to follow, along with Imperial Logistics' top-up empowerment deal, an update from Standard Bank and Absa's new interim financial director. Banking is an industry of high risk and high rewards. In Episode 22 of the popular Magic Markets podcast, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) give insights into this space and how investors should think about banks in their portfolios. There's no newsletter tomorrow due to the Freedom Day public holiday. I'll be back with more on Wednesday. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics "Wild ride" follows on from "Shapely gold" which reviewed the relative merits of using gold futures contracts to express a positive or bearish view on gold. Now, they look at owning Barrick Gold shares in comparison. Also check out their view on US corporate earnings in "There's a coach comin' in, hear those wheel spin". In case you missed it, the Ingham Analytics Weekly Letter on Sunday is in the Premium Letter tab on the website. | 