| Good morning Voornaam, Brace yourself - it's a busy day of local company news!
Before we even get there, remember to give yourself some global context by checking out the recent big tech earnings in the US. These companies are cornerstone positions in my long-term portfolio. We gave them a high-level review in Magic Markets. Find it here>>>
Keen to learn more about Calgro M3? You'll enjoy their latest appearance on Unlock the Stock. The dynamic duo in the management team also spoke about why they are moving on from the group after so many years and what the future holds for Calgro M3, so don't miss it.
Boxer leads us off in Ghost Bites, with the release of the pre-listing statement and thus full details of what investors would be buying. Although retail investors have been largely shut out of proceedings for now, I suspect that the share price will get off to a strong start when it lists. Let's see what happens.
Further retail news saw Woolworths come out with signs of life, other than in Australia which remains a complete nightmare. Even after David Jones, they just have no luck there.
Speaking of luck, Life Healthcare got a major boost from the LMI business thanks to income from a sub-licensing agreement. Although it can't be extrapolated as a growth rate, it's still useful! Good fortune has also smiled upon Raubex, with an excellent set of numbers.
In gold, Harmony released quarterly numbers and Sibanye-Stillwater locked in a wage deal in the gold business for the next year.
In the less favourable corner, we find Omnia with a HEPS performance that was ruined by tax in Zimbabwe. Stor-Age has decreased its dividend payout ratio, so shareholders haven't had much in the way of total returns there in the past year. Finally, Vodacom has reminded us why things are just so hard in that sector, especially after their fibre ambitions locally were killed off by the Competition Tribunal.
For details on these stories and the other Nibbles, read Ghost Bites here>>>
Finally, Dominique Olivier's latest column is an excellent look at whether we are really living longer. Is this just a convenient selling tactic for retirement product houses, or are we going to live past 100? Dominique separates fact from fiction in this piece>>>
Have a great day! |
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| THE TRADER'S HANDBOOK: Insights and strategies for commodity markets - oil, gold and more |
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| | | In this episode of The Trader’s Handbook, Shaun Murison from IG Markets South Africa joined me to explore the world of commodity trading.
We discussed the nuances of trading popular commodities like gold and oil, comparing direct commodity trading to investing in mining stocks, and delved into the unique appeal and risks associated with each.
We also covered double tops and double bottoms in the technical analysis section.
The podcast and detailed transcript are available here>>> |
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| FORVIS MAZARS: Innovative funding remains the charge powering South Africa's energy transition |
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| | | The ongoing evolution of the renewable energy investment landscape in South Africa requires innovative funding structures, as explained by Johan Marais and Taona Kokera of Forvis Mazars in South Africa. Learn more here>>> |
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| INVESTEC: India a gateway to outsized emerging market opportunities |
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| As the global economy shifts from a high inflation and high interest rate environment into the next interest rate cutting cycle, global investors are casting their net wider in their search for returns. India is an attractive opportunity. Investec explains why in this article>>> |
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| SATRIX: Shari'ah-compliant Investing |
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| | | Shari'ah-compliant investing in South Africa just got a major boost with the listing of the Satrix MSCI World Islamic ETF on the JSE in October.
Yusuf Wadee of Satrix joins me to unpack this fund and the fascinating Shari'ah principles in general. There's much to learn here, regardless of whether your faith requires you to invest based on these principles.
Along with a detailed transcript, you'll find it here>>>
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| DOMINIQUE OLIVIER: We're living longer... I think |
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| | | Are we actually going to live past 100, or are retirement product adverts just working hard to convince us that we always need to save more? Dominique Olivier separates fact from fiction in age expectancy statistics. Find it here>>> |
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| Ghost Bites - local company news: |
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| Ghost Bites: The latest on Boxer, Harmony, Life Healthcare, Omnia, Raubex, Stor-Age, Sibanye, Vodacom, Woolworths and numerous Nibbles in Ghost Bites here>>> |
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| Unlock the Stock - Calgro M3 |
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| Top concerns for global financiers in today's market |
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| | | Join Investec CEOs, Cumesh Moodliar (SA) and Ruth Leas (UK), as they share their key insights from the recent IMF and World Bank meetings in Washington in the latest episode of No Ordinary Wednesday. |
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| International Business Snippet: |
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| Amongst all the recent automotive sector updates that caught my eye, we also saw Pinterest releasing results. They were below estimates on revenue, which is never a good thing for a share price. It also doesn't help that expenses were up 17%, eating up almost all of the revenue growth.
Although they managed to beat on earnings per share, the share price plummeted based on disappointing fourth quarter revenue guidance. Growth stocks are particularly sensitive to growth expectations, not just profitability.
Our latest research in Magic Markets Premium is on Microsoft. The world's most important tech business from an enterprise computing standpoint isn't just adapting to the world of AI - it's driving that world forward. But does that change the Microsoft investment case? You'll find out in our research for subscribers this week. |
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| Magic Markets: Making Forex Better |
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| | | Magic Markets: Future Forex is on a mission to make forex cheaper and simpler for individuals and businesses alike. Harry Scherzer joined us to talk about their evolution from a strong crypto arbitrage foundation. Find it here>>> |
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| IG Markets Morning Call: daily macroeconomic update |
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| US equity benchmarks grinded to new high territory last night in light volume trade with little in the way of new news to guide markets. Global index futures are however trading modestly lower this morning, suggesting a muted start for the JSE All-Share Index today.
The dollar has firmed along with US Treasury Yields, sending the rand to its worst levels in two months against the greenback.
Oil prices have continued to decline after weak import data affirmed Chinese demand concerns for the commodity.
Gold prices have continued to correct from all-time highs in an inverse correlation to movements on the US dollar. Base metals are also trading mostly lower on the back of a stronger dollar and Chinese demand concerns.
Traders will want to keep an eye out for local economic data today which includes Unemployment Rate, Manufacturing and Mining production and sales news.
Key Indicators: USD/ZAR R17.94/$ | US 10yr 4.33% | Gold $2,615/oz | Platinum $958/oz | Brent Crude $71.65
The macroeconomic update is based on the morning call update by IG Markets |
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