| Good morning Voornaam, Pro tip: don't get sick during earnings season. You'll have a bad time. A bug did worse things to me yesterday than SENS announcements have been doing to Murray & Roberts. That's why Ghost Mail is practically a lunchtime edition today!
Before we get into the company news, IG Markets South Africa has given us a helpful new article and video on understanding overbought and oversold trading conditions. Of course, the goal here is to identify potential market reversals and profit from them. You'll find it here>>>
I'll keep it short and sweet when it comes to corporate updates, mainly because my bed is calling me. In company news, we've got a selection of smaller names on the JSE that have interesting stories to tell. For example, African Media Entertainment proves that radio still has a place. Over at Quantum Foods, despite a number of weird governance issues, profits have moved firmly in the right direction.
Some of the other unusual names on the JSE that released news include Acsion, AYO Technology, Copper 360, Finbond, Mahube Infrastructure and PBT Group. You're really getting the full spread today.
Among the more established names, we saw property earnings over at Fairvest and details on NAV growth at Reinet, with British American Tobacco doing the heavy lifting there in the past six months.
Get all the details on these stories and (many) Nibbles in Ghost Bites here>>>
For further company insights, check out the latest edition of Unlock the Stock, featuring agriculture group TWK. There's a lot to learn here about such a critical sector in the local economy. In case you're wondering, TWK is listed on the Cape Town Stock Exchange. You can watch the recording here>>>
The next edition of Unlock the Stock features KAL Group on 5th December. As always, attendance is free! You simply need to register at this link to attend.
For qualifying entrepreneurs looking for equity funding, there's a very important initiative called MIC Khulisani Ventures that you should take the time to learn about. It's not easy finding equity investment in South Africa, so don't sleep on the fact that the teams from MIC and I Am An Entrepreneur are on the hunt for the right Black-Owned business in need of capital to scale. Get all the details here>>>
For something completely different to the world of listed companies, the latest Magic Markets podcast digs into alternative investments and an overview of 2024 through the lens of Westbrooke. Dino Zuccollo joined us to talk about how they performed across South Africa, the UK and the US and what the investment trends are on the ground. It's a great discussion that you'll find here>>>
Have a great day! |
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| THE TRADER'S HANDBOOK: The tech of trading (back-testing, market scanning and strategic tools) |
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| | | In this episode of The Trader’s Handbook, Shaun Murison from IG Markets South Africa joined me to discuss the advanced tools available on the IG platform that empower traders to make informed decisions. From back-testing strategies and market scanning with Pro Screener to exploring client sentiment, alerts, and algorithmic trading, this episode highlights the cutting-edge features that simplify and enhance trading.
Whether you’re new to trading or looking to refine your approach, this episode provides practical insights into leveraging technology to stay ahead in the markets. The podcast and detailed transcript are available here>>> |
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| MIC Khulisani Ventures is looking for entrepreneurs |
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| Raising equity funding is not easy for small businesses in South Africa, but thankfully the Mineworkers Investment Company's (MIC) Khulisani Ventures initiative is an early-stage funding vehicle that provides capital for businesses that are ready to aggressively grow.
Along with a detailed transcript, you'll find it here>>> |
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| SATRIX: Get to know the Satrix Global Balanced Fund of Funds ETF |
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| | | The Satrix Global Balanced Fund of Funds ETF aims to provide local investors with optimally diversified exposure to a global basket of indices representing different asset classes.
This is a low-cost, easy way to invest in a mix of equities, bonds, infrastructure, property, credit and cash assets.
Nico Katzke joined me to explain the concept of a balanced fund, the strategic asset allocation in this ETF and how Satrix has managed to achieve this exposure at just 35 basis points a year in costs.
Along with a detailed transcript, you'll find it here>>> |
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| DOMINIQUE OLIVIER - Novak Djokovic: pyramid-powered? |
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| | | In a classic case of selling the sizzle rather than the steak, one man in Bosnia has created quite the brand around a group of "pyramids" - or conveniently shaped hills. Novak Djokovic seems to believe in their power though! Dominique Olivier tells the story in this piece>>> |
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| Ghost Bites - local company news: |
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| Ghost Bites: The latest on Acsion, African Media Entertainment, AYO Technology, Copper 360, Fairvest, Finbond, Mahube Infrastructure, PBT Group, Quantum Foods, Reinet and numerous Nibbles in Ghost Bites here>>> |
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| MAGAnomics: Trump and the global economy |
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| International Business Snippet: |
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| In another update from the retail sector in the US, Abercrombie & Fitch (a company that is still executing a fantastic turnaround) has raised its full-year guidance based on expectations for a strong festive shopping season. This is despite the former CEO being arrested during the quarter on charges of sex trafficking, so people seem to have completely disassociated him from the brand.
In the automotive sector, Stellantis CEO Carlos Tavares has finally resigned. It's incredible that it even took this long. Earning an absolute fortune along the way, Tavares presided over a period of terrible sales in the US. If you can't sell Jeeps in the US, then you can't sell anything anywhere.
Our latest research in Magic Markets Premium is on Intuit. With businesses like QuickBooks and MailChimp in the group, this is a great way to play the SME trend. It's just a pity about the valuation. Is Intuit doing enough to justify the high multiple? Subscribers find out this week. |
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| Magic Markets: The automotive sector race |
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| | | Magic Markets: Start your engines has quickly become start your batteries – or has it? Are electric vehicle adoption rates problematic everywhere, or are some companies seeing better adoption than others? Where does this leave hybrids? For a whirlwind overview of the automotive sector at the moment, you’re in the right place. Find it here>>> |
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| IG Markets Morning Call: daily macroeconomic update |
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| More protectionist utterances from newly elected US president Donald Trump have seen strength returning to the dollar, notably against emerging market currencies such as the rand. Trump has warned ‘BRICS’ nations against creating their own currency and moving away from the dollar, with threats of 100% tariffs from the world’s largest economy.
The stronger dollar is weighing on metal prices, most notably precious metals.
Oil prices have gained as Israel resumes airstrikes on Lebanon despite the ceasefire agreements in place.
The softer dollar has helped prompt a rebound from oversold territory in both precious and base metals this morning.
Key Indicators: USD/ZAR R18.15/$ | US 10yr 4.23% | Gold $2,628/oz | Platinum $941/oz | Brent Crude $72.20 |
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