| Good morning Voornaam,
Welcome to the Monday after Black Friday, where you hopefully took advantage of some solid specials and didn't burn a hole in your credit card. It's a great win for consumers if you have discipline, as I know many people who just delay the purchase of more durable items until Black Friday. They would've paid full price, but now they just pay the discount instead. That's exactly the right way to handle Black Friday.
Moving on, Monday means a whole lot of new content for you to enjoy, starting with the latest column from Dominique Olivier. This week, she tackled the fascinating world of intellectual property. The Checkers vs. Pick n Pay battle is the perfect backdrop to a great story about The Verve's only hit, Bitter Sweet Symphony. The name turned out to be prophetic, as the band got on the wrong side of music rights held by a far more famous band. This is the perfect read to kick off your week.
There's also a brand new Ghost Wrap episode, getting you up to date on the most interesting updates from JSE-listed companies in a matter of minutes. I went into a bit more detail than usual on some of the stories, so you'll need 7 minutes to get up to speed on Mr Price, Southern Sun vs. City Lodge and a trio of capital raises (Sirius / African Rainbow Capital / Sibanye-Stillwater). Ghost Wrap is made possible by Mazars. You can enjoy it here>>>
And as part of the broader festive shopping theme, don't miss Magic Markets and the latest on global retail giants Walmart and Target. As part of that discussion, we also tackled concepts like constant currency earnings and whether inflation really is as "sticky" as people think it is. Magic Markets is brought to you by data and automation specialists B2IT.
Have a great start to your day! |
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| BRAND NEW: Magic Markets podcast |
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| In Episode 152 of Magic Markets, we looked at international retailers Walmart and Target.
With topics ranging from their earnings guidance through to why concepts like constant currency earnings are important, there's much to learn here.
We also talked about the "stickiness" of inflation - or lack thereof?
This show is brought to you by international data and automation specialists B2IT. |
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| BRAND NEW: The bittersweet truth about intellectual property
(by Dominique Olivier) |
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| In her latest column, Dominique Olivier tells an incredible story of a copyright nightmare in the music industry, featuring one of the most recognisable tunes of the 90s. Against the backdrop of the Checkers - Pick n Pay fight in the news, this a fascinating display of intellectual property in action. |
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| LATEST: Ghost Wrap podcast
(Mr Price | Southern Sun vs. City Lodge | Sirius Real Estate |
African Rainbow Capital | Sibanye-Stillwater) |
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| | | The latest Ghost Wrap podcast goes into a bit more detail than usual, but these stories were worth it. Ghost Wrap is brought to you by Mazars. |
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| LATEST: Global megatrends shaping the ETFs of the future |
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| Kingsley Williams of Satrix looks ahead to the potential landscape for ETFs in 2030 by focusing on the key trends that are driving growth in this asset class. There's a lot to feel excited about! |
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| Bell Equipment and Calgro M3 returned to the Unlock the Stock platform in a joint session to share insights into the recent numbers and the strategic outlook.
You can watch the recording here, thanks to our partner A2X. |
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| LATEST: Ghost Stories podcast with Nico Katzke of Satrix |
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| | | Nico Katzke is no stranger to Ghost Stories listeners. There's always so much to learn from him about markets and investing. This time, you also get to enjoy him putting me through my paces in the second half of the show. |
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| DAILY: TreasuryONE Market Update After showing some signs of strength, the rand ended up having its worst week in three months as it suffered a sharp correction. It lost nearly 4% last week, despite an overarching view that rates have peaked. Lack of liquidity due to US holidays may have played a role in the weakness and the disconnect from other emerging markets.
Gold is trading at $2,012 this morning, having moved above the $2,000 level. Brent Crude has slipped below $80, trading at $79.80 in morning trade. The US 10-year yield is at 4.49%.
And the rand? Well, that is back up at R18.81 against the dollar.
To cap off the year, TreasuryONE is hosting a webinar on Tuesday, 5th December at 9am. Attendance is free, but you must register here. Get it in your calendar nice and early! |
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| | | Get the latest on African Rainbow Minerals, Crookes Brothers and Deutsche Konsum to keep you up to date. It's all available with a single click in Ghost Bites. |
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| Farming profits can make you go bananas Friday wasn't exactly the most exciting day of local company news that I've ever seen. Still, the stories that did come out are worth learning something from.
Crookes Brothers was perhaps the most interesting to me. Although this company isn't on many radars and isn't famous for having lots of liquidity, the underlying results give a great indication of how difficult it is in the farming sector. Results are incredibly volatile, with farmers having to famously deal with feast and famine as part of their lives.
And in this case, a farming feast thanks to lower fertiliser prices means a famine for chemicals companies that sell fertiliser. We've seen some results along those lines recently, with Crookes Brothers now showing the other side of that coin.
For the mining enthusiasts, there's also news from African Rainbow Minerals about a mine in care and maintenance status. The company is buying out the partner in the mine, with a plan to restart operations with a focus on nickel.
Deutsche Konsum has absolutely no liquidity on the JSE. In fact, I have no idea why it is even listed here. Although you can't trade it, you can learn something about German property from it.
There were also several directors dealings announcements that I covered in the Little Bites section, so don't miss those!
Get it all in Ghost Bites at this link>>>
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Disclaimer
Our content is intended to be used and must be used for informational purposes only. You must do your own analysis before executing any investments or strategic decisions, based on your own circumstances. We do not provide personalised recommendations or views as to whether an investment approach or corporate strategy is suited to the needs of a specific individual or entity. You should take independent financial advice from a suitably qualified individual who gives due regard to your personal circumstances.
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