Thanks, Yamana Gold

Good Morning Voornaam,

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Ghost Bites

  • Aspen has closed a multi-currency syndicated loan facility with a value of EUR1.26 billion.
  • Yamana Gold's board changed its recommendation to favour the competing bid instead. This triggers the $300 million break fee to be received by Gold Fields, a juicy 3.6% of Gold Fields' market cap.
  • Hammerson's trading update looks promising for British property.
  • Murray & Roberts rallied 17% on news of a sale of Clough, the Australian business that is in serious trouble.
  • Redefine has guided modest growth for FY23 (my apologies for missing this one yesterday!)

With such juicy updates, you need to make time for Ghost Bites this morning>>>

Dollar weakness was short-lived

The dollar is back on its horse as the market moved into the US midterm elections and looked ahead to the US CPI print on Thursday. Still, the rand managed to trade around the R17.75 mark in late afternoon trade, a far better level than we've been seeing recently.

The c ommodity sector delivered a mixed bag. Gold has been volatile in recent weeks and has benefitted from the softer dollar. Brent Crude slipped off multiple week highs.

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Pop the champagne for this podcast

To celebrate our 100th episode of Magic Markets, we invited Petri Redelinghuys to join us as he celebrates Herenya's performance in the Intellidex stockbroker awards. Naturally, we made sure that we also talked about the markets. Listen to it here>>>

Here are two ot her podcasts that you might find interesting:

  • I joined Garth Mackenzie on Talking with Traders to talk about three stocks that we've researched in Magic Markets Premium: Accenture, Ferrari and Sysco. Listen to the show here>>>
  • In a great opportunity to put forward my unorthodox views on personal finance, I joined Warren Ingram on Honest Money to talk about the true cost of car ownership and the right way to drive great cars without breaking the bank. Start your engine here>>>

Learn about TWK Investments

There's still time to register for Unlock the Stock on Thursday, the platform that lets you be an equity analyst for a day. The management team from TWK Investments will present the business and take your questions. All you have to do is register for free at this link>>>

Happy Wednesday!

Ghost Bites (Aspen | Gold Fields | Hammerson | Murray & Roberts | Redefine)

Aspen closes a EUR1.26bn syndicated loan facility. Yamana Gold's board changes its recommendation and triggers the break fee. Hammerson's trading update looks promising. Murray & Roberts pops 17% on news of a sale of Clough. Redefine guides modest growth

Winter is coming to the Northern Hemisphere and the cost of living is a major concern. Against this backdrop, there is substantial activity in the gold market.

Winter is coming and it's going to bite
 

In our centenary show, we celebrated with Petri Redelinghuys of Herenya. As you will discover, he also has reason to celebrate. Of course, we talked about the markets as well.

 

In a guest appearance on Talking with Traders, Garth Mackenzie asked me to discuss the investment case for Accenture, Ferrari and Sysco. He is a passionate Magic Markets Premium subscriber and enjoyed our research on these stocks in particular.

 

Does an older Porsche 911 make more financial sense than a flashy new GTI? You bet it does! As a hopeless petrolhead and a finance professional, I have unorthodox views on car ownership. Warren Ingram invited me to talk about them on Honest Money.

 
 

EasyEquities is a product of First World Trader (Pty) Ltd t/a EasyEquities which is an authorized financial services provider (FSP no.2225880) and a registered credit provider (NCRCP12294).

EasyProperties is a juristic representative of the First World Trader (PTY) Ltd t/a EasyEquities which is an authorised financial services provider (FSP) number 22588.

EasyEquities does not act as an FSP when allowing you to buy and sell the EC10 bundle as well as any other cryptocurrencies.

 



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