There were so many financial updates yesterday that it was tricky to decide what to focus on in the body of this morning's mailer. This is exactly why Ghost Bites exists and why I encourage you to read it, as it covers all the announcements on the JSE in an appropriate level of detail. Master Drilling released interims for the six months to June and they look great, with headline earnings per share up by 55.5%. The share price is up more than 50% in the past 12 months, rewarding those who took a thematic view on the mining cycle and the heightened level of exploration activity. It just shows that there are always opportunities on the market for those who are willing to dig. Or drill, even. We a lso saw solid results yesterday from STADIO, Kaap Agri and Super Group. It's unfortune that Brimstone Investment Corporation and Old Mutual disappointed the market, with Harmony Gold as the undisputed winner of the wooden spoon. Find the details on these announcements and more in Ghost Bites. Ghost GlobalGhost Grad Kayla Soni is new to the programme and has gotten off to a lovely start, with an excellent piece covering the latest news on Bed Bath & Beyond, Affirm Holdings, the rumours of a deal between Amazon and Electronic Arts and results from Farfetch, the international luxury goods platform that has become relevant for Richemont investors. Read her work here. In Magic Markets Premium this week, we will be covering Farfetch in detail. It's an interesting business with a very dicey looking balance sheet. You can have access to this report and the library of over 40 reports and podcasts on global stocks for just R99/month or R990/year. It's the very best investment that you could make - an investment in yourself! Subscribe at this link. PodcastsEpisode 90 of Magic Markets was a fun discussion with Petri Redelinghuys of Herenya Capital Advisors about some of the stocks in the offshore and local portfolios that they manage on behalf of clients.On The Family Finance Show hosted by Diana Granoux, I was invited to speak to her about the realities of life as an entrepreneur. This is a raw, authentic account of my journey as a ghost and the financial impact of my decision to leave formal corporate employment. I highly recommend making time for this great podcast.Episode 3 of Ghost Stories was an insightful chat with Carel Nolte of EasyEquities about the insights from the data they have on investor behaviour, including things like popular stocks and the way investors use offshore accountsDaily Market Wrap with TreasuryONEThe waves made by the ECB talking about a 75bps hike next week didn't last long, with the dollar showing yet more strength. European political players want to intervene in the energy markets and we have seen some energy prices come back from elevated highs, but what exactly will be their plan? Overall, the hawkish stance from the Fed will keep pressure on short-term yields and support the dollar. The rand has been eyeing the R17.00 level once more, getting on the wrong side of the risk-off trade. The big news is still coming on Friday, with the release of US non-farm payroll numbers. Notably, commodities came under pressure with copper and aluminium back to levels from a couple of weeks ago based on concerns about Covid lockdowns in China. Remember, TreasuryONE offers more than just market risk services. Check out this article for an example of what they do in the cash flow forecasting space. Have a lovely Wednesday! |