| Good morning Voornaam, Every year, I forget just how busy the end of November is for company news. As the year winds down, the market is lit up with a huge number of earnings updates. Why? Because of September / March year-ends and the associated full-year / interim reports.
Yesterday was no different, with another bumper day of news spearheaded by Super Group's rally based on a potential sale of the Australian business. Although nothing is confirmed right now, it looks like there's a serious bidder at the table. The market appreciated that, especially after a tough year for the group.
Other deal news saw Anglo American announcing the disposal of the remaining steelmaking coal assets. Along with another recently announced deal, this would unlock up to $4.9 billion in potential cash proceeds. Now if only they could figure out how to fix De Beers!
There was no shortage of earnings news, with eMedia standing out for me as an example of how a simpler model can do well. The group has seen a strong boost in profits, proving that you can still make money in the TV media game. While MultiChoice is out there betting the farm on African streaming assets, eMedia is focusing on getting the basics right.
In other earnings news, the likes of Barloworld, Delta Property Fund, Frontier Transport, Invicta, Netcare, Oceana and Octodec all added their names to the list. We also saw Boxer come out with a final update regarding the capital raise and the shape of its shareholder register.
These stories and the Nibbles are all available in Ghost Bites here>>>
One of the features of Frontier Transport at the moment is a major capex programme related to electric buses. The source of those buses? BYD in China, one of the companies that is causing huge headaches for the established automotive names in Europe. In the latest Magic Markets podcast, we delivered a whirlwind overview of the sector. This episode is brought to you by Investec's The Current podcast series, bringing you insights into electric vehicle adoption along with other important energy topics. You'll find Episode 202 of Magic Markets at this link>>>
Have a great day! |
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| THE TRADER'S HANDBOOK: Why demo accounts are key to a smarter trading journey |
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| | | In this episode of The Trader’s Handbook, Shaun Murison from IG Markets South Africa joined me to dive into the value of demo accounts for traders. A demo account provides a risk-free environment, allowing you to practice, learn, and test strategies without the pressure of real money on the line.
We discussed how to approach your demo account with discipline, treating it as if it were real money. Expect to experience losses, but understand that they’re part of the learning process – not a barrier to success. By being realistic about your demo experience, you can better prepare yourself for live trading.
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, Barloworld, Boxer, Delta Property Fund, eMedia, Frontier Transport, Invicta, Netcare, Oceana, Octodec, Super Group 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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| Remember Zoom, the market darling of the pandemic? Well, despite Microsoft ruining their party with Teams, Zoom just reported earnings per share and revenue above expectations. Still, this means revenue growth of just 4% year-on-year, which is pedestrian in the tech game.
In a desperate attempt to inject some excitement into the story, Zoom's CEO said that a name change from Zoom Video Communications to Zoom Communications is to "reflect the evolution" into an "AI-first work platform for human connection" - whatever that might be.
Our latest research in Magic Markets Premium is on Disney. Recent box office success is encouraging, but does this mean they've finally turned the corner and gotten out of a creative rut that hurt the business? 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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| We have seen a knee-jerk reaction to US president Donald Trump’s pledges to implement import tariffs on China overnight. Initially the dollar started to firm along with US Yields while equity markets closed lower, although much of these market moves seem to be unwinding in early trade today. Chinese equity benchmarks are trading mixed on the news.
We are expecting a slightly softer start for the JSE All-Share Index this morning and the rand is marginally weaker in early trade today.
Oil prices have fallen significantly on optimism of a ceasefire in the Middle East.
Gold and platinum group metals have started to rebound from yesterday’s sell-off, while base metals trade mixed on the day, with copper lower and iron ore higher this morning.
Traders will keep an eye out for US Consumer Confidence data and minutes from the last Fed Meeting tonight.
Key Indicators: USD/ZAR R18.10/$ | US 10yr 4.29% | Gold $2,622/oz | Platinum $949/oz | Brent Crude $73.34
The macroeconomic update is based on the morning call update by IG Markets |
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