| Good morning Voornaam, When I was a student at Wits, poker was a feature of my life. In fact, there were times in my first year when winning some extra money at poker was far more appealing than a boring lecture or two. This actually says more about a couple of the lecturers than it says about me - if you're going to read the textbook to a room full of people, you are replaceable by me staying home and reading it myself. Kudos to the lecturers out there who really go the extra mile and make it worthwhile to attend lectures! There are many of you out there.
Anyway, back to poker. Trips to the casino from time to time were part of this, as it wasn't hard to supplement a student income by picking off someone whose drinking that night had led to an inflated view of their poker abilities. It was fun.
The last time I went to a casino (I popped in at one earlier this year for sheer nostalgia), it struck me as a bleak place. I'm not sure if looking at them through a more mature lens is the issue, or whether they really are just a room full of slot machines and sad faces. Perhaps I was there on the wrong night. Either way, these places seem to be losing their shine. The Tsogo Sun results certainly support this and they aren't the only ones in the sector experiencing this trend, with a scramble at the moment to get a piece of the action in online gambling and sports betting. People are betting on the football, not on whether the next card on the table is an ace.
In other company news today, we see a strong turnaround at Nampak and some encouraging signs at EOH - now called iOCO. Argent Industrial released numbers, with the strong rand hurting them after a period of extensive offshore expansion. Hyprop has released a pre-close update, reflecting some pretty interesting trends in the South African retail portfolio. Adding their names to the list of financial updates, we have Brikor and Brimstone.
We also have Anglo American, where the unsurprising outcome of a sale of 6% in Anglo American Platinum is that the stake was sold at a steep discount. Platinum miners aren't exactly hot property right now.
Get all the details on these stories and the Nibbles in Ghost Bites here>>>
As you digest all this juicy company news, remember that investing and trading are two different ways to have fun and create wealth in the market. To learn more about trading, The Trader's Handbook is an invaluable resource. In episode 12, we dig into the technology behind the IG Markets platform and some of the tools on offer, like back-testing and market scanning. Learn all about them 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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| 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: Who doesn't love a seance? |
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| | | Kim Kardashian, AI ghosts, Queen Victoria and a fascination with communication beyond the grave - yes, these concepts are all related, some 150 years apart. Dominique Olivier explains in this article>>> |
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| Ghost Bites - local company news: |
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| Ghost Bites: The latest on Anglo American - Amplats, Argent, Brikor, Brimstone, EOH, Hyprop, Nampak, Tsogo Sun and numerous Nibbles in Ghost Bites here>>> |
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| Unlock the Stock - Calgro M3 |
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| MAGAnomics: Trump and the global economy |
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| International Business Snippet: |
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| Cybersecurity group CrowdStrike has raised its annual revenue and profit forecasts based on a strong third-quarter performance. This part of the technology industry is becoming more lucrative by the minute, as the world becomes increasingly connected and data becomes more valuable. If something is valuable, it needs protection.
Keep in mind that CrowdStrike had an absolute nightmare of a time back in July, when its update essentially broke machines running Microsoft - i.e. most computers. The share price crashed from $377 to $218 from that incident. It has since recovered to $348!
Our latest research in Magic Markets Premium is on Intuit. With businesses like QuickBooks and MailChimp in the group, this is a great way to play the SME trend. It's just a pity about the valuation. Is Intuit doing enough to justify the high multiple? Subscribers find out this week. |
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| Magic Markets: The automotive sector race |
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| | | Magic Markets: Start your engines has quickly become start your batteries – or has it? Are electric vehicle adoption rates problematic everywhere, or are some companies seeing better adoption than others? Where does this leave hybrids? For a whirlwind overview of the automotive sector at the moment, you’re in the right place. Find it here>>> |
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| IG Markets Morning Call: daily macroeconomic update |
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| The IG Markets team will be back tomorrow with the daily update. The indicators below have been updated.
Key Indicators: USD/ZAR R18.22/$ | US 10yr 4.26% | Gold $2,636/oz | Platinum $934/oz | Brent Crude $72.38
The macroeconomic update is based on the morning call update by IG Markets |
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