| Good morning Voornaam,
What a weekend of sport! Welcome back to reality.
Today, I want to highlight the latest episode of Magic Markets. We are covering two stocks in each of our free shows at the moment, obviously not in anywhere near the level of detail that you get in Magic Markets Premium. Still, it gives you a great learning opportunity and a taste of the work that I love doing most: unpacking business models and trends.
Episode 144 covers JP Morgan and Standard Bank, giving you a global and local flavour to the banking industry. Brought to you by data and process automation specialists B2IT, you can listen to it here.
Have a great Monday!
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| | | The lessons dished out by the markets this year have been all about how companies cope in inflationary conditions. The winners have one thing in common: pricing power. |
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| NEW: How have ETFs done thus far in 2023 and where was the right place to put your money? Find out in Ghost Stories with Siyabulela Nomoyi of Satrix. |
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| | Building a business is hard. Huenu Solsona believes in building enjoyable businesses that make it easier, an approach she shared with me in the bizval podcast. |
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| NEW: Magic Markets podcast |
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| Banking has been an area of great interest this year. With that awful pun out the way, you can learn about the relative performance and strategic outlook of global giant JP Morgan and local stalwart Standard Bank. Join us in Episode 144 of Magic Markets, brought to you by B2IT. |
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| Ghost Wrap podcast
(Capital Appreciation vs. PBT Group | Mustek | Bidvest | Hyprop vs. Growthpoint | Astral Foods + Quantum Foods | Trellidor | Southern Sun vs. City Lodge) |
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| | | Kick your day off with the Ghost Wrap podcast. This bumper episode is 7 minutes long and deals with local tech small caps, property funds, chicken groups, hospitality businesses and even a couple of industrials. Brought to you by Mazars, Ghost Wrap is the smart way to stay updated. |
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| Harmony Gold is now part of the Unlock the Stock story, sharing insights into the recent performance and plans for the future. For those stock market junkies who love doing their own research, this is the perfect platform. Unlock the Stock is brought to you by A2X. |
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| TreasuryONE Market Update Almost as a precursor to what happened at the Ryder Cup, the dollar ran into some headwinds on Friday. Eurozone flash inflation was lower than expected, while the US Core PCE Index printed in line with expectations. This puts more pressure on the Fed than the ECB at the moment.
With the dollar consolidating, the rand got as "strong" as R18.76 intraday before settling in the R18.80s for the afternoon. The rand is tracking the movements in the dollar for now. |
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| | | It was a busy day! Get the news on Ascendis, Delta Property, Kibo Energy, Orion Minerals, Renergen, Rex Trueform, Sasfin, Telemasters and York Timber with one click in Ghost Bites. |
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| School sports: big business We all know that the jewel in the MultiChoice crown is SuperSport. If you love sport, there's very little choice for you outside of being a DStv subscriber. On the plus side, "have DStv Stream login, will travel" makes you more popular with family and friends, particularly during the world cup.
We are a sport-mad country, with that passion starting many years before the teams run out in national colours. I was extremely lucky to go to school at KES in Joburg, a classic "rugby school" where sport is crucial to the fabric of the institution. I loved every minute of it, despite being among the shortest kids in Grade 8 with a voice that waited until Grade 9 to break.
Why am I talking about high school and the cruelty of genetics? Well, Rex Trueform has announced a really interesting acquisition. No, that isn't a typo. The company that probably manufactured a suit for your grandfather and has been executing a recent acquisition strategy in property has done something genuinely exciting.
Rex Trueform will acquire a 35% stake in ITV Africa, founded in 2020. The company plays in the streaming game, distributing products (both software and hardware) related to sports broadcasts and streaming services. Talk about spotting the trend!
The 35% stake is worth R18 million. The business made a profit of R15.7 million in the year ended February 2023. This is an absolutely perfect example of never wasting a good crisis, so I have massive respect for the founders who built something of this value in such a short space of time.
Also, kudos to Rex Trueform for doing something interesting! More of this please and less of the dreary property acquisitions.
On a day that was filled with all kinds of updates, other major news to highlight includes a quarterly update from Renergen (the company has been rather quiet lately) and detailed results from York Timber, which gave me an opportunity to dig into how the biological assets are valued.
Other updates in Ghost Bites include results from Ascendis, small disposals by Delta Property, interims at Kibo Energy, full year results from Orion Minerals, a weird delay to Sasfin's results and obscure group Telemasters swinging into a profit. The Little Bites section is absolutely teeming with listed cockroaches and zombie companies. In case you're an unfortunate holder of shares in one of them, I covered all the announcements.
Get everything you need to know in Ghost Bites at this link>>>
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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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