| Cartrack says Covid-19 restrictions have applied the brakes to its growth trajectory. Despite that, it has continued to increase subscriber numbers to deliver a performance that may be enticing to global investors if its plan to list in the US goes ahead. The vehicle telematics group's shares rose on the back of a nine-month update yesterday - and remain well above the price it's offering minority investors as it prepares to delist from the JSE. Shareholders do, however, have the option of reinvesting in the company that will list on the Nasdaq and it appears that this is the route many of them plan to take. Merafe Resources also released an update. Unfortunately, it has not been as resilient during the pandemic, with production declining sharply last year. Also in your newsletter today, antenna specialist Alaris says it's in talks to acquire a business in the UK. While it gave no additional detail, it's on the record saying that it wants to further strengthen its radio frequency and microwave electronic design and manufacturing capabilities - ideally through an acquisition. Read on for more. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics Following on from "Wither portfolio management, or not?" in "2020 Redux?" top trader Andrew Kinsey has further valuable insights as we head into 2021. What are currency, commodity and fixed income markets signalling? Andrew will have additional thoughts to share next week. Ingham Analytics "Saxo's outrageous predictions for 2021 and our take" provides insightful thinking on managing risk - even tiny probabilities can turn into "black swan" events with implications for asset prices. As they point out, good strategy embraces planning for different scenarios. | 