| Good morning Voornaam,
I'm an unashamed cat person (though I love most animals), so let me begin by thanking Woolworths for giving me the opportunity to include a picture of a kitten on the cover image for Ghost Bites. The acquisition of Absolute Pets makes a lot of sense to me and continues a trend of South African retailers stepping outside of their traditional competency. Full details are in Ghost Bites, of course.
There's a new Ghost Stories podcast coming tomorrow with Nico Katzke of Satrix, so make sure you don't fall behind on this varied and insightful series of shows. Kennedy Bungane tells you the African Bank story in the latest show. He also runs through their acquisition framework and explains the pricing of the deal with Sasfin. Listen to it here>>>
For something different, AA Inform brings you a sponsored article that works through 6 mistakes to avoid when getting life insurance. This is incredibly important stuff. You can have the best portfolio around, but you need your personal finances to be in order before you can truly consider yourself a success in the market. Read the article here>>>
In case you haven't noticed, President Ramaphosa had barely let go of the trophy before load shedding returned to our lives. Jaltech is working with business and property owners looking for financing of between R5 million and R40 million for commercial solar installations. To attend one of the three webinar slots (one of which is today), register at this link>>>
Read on to learn about the Woolworths deal and the other insights from an incredibly busy day of local news. |
|---|
|
|---|
| BRAND NEW: Interview on CNBC Africa with Tania Habimana |
|---|
|
|---|
| | | Just before the Rugby World Cup final, I joined Tania Habimana on CNBC Africa for a great chat on the stocks that were relative winners from this world cup and the pitfalls of inferring too much from an event. |
|---|
|
|---|
| LATEST: Ghost Wrap podcast
(Santova | Spear REIT | Bytes Technology | Super Group | Clicks) |
|---|
|
|---|
| | | The latest Ghost Wrap podcast needs just a few minutes of your time to get you up to date on Santova, Spear REIT, Bytes Technology, Super Group and Clicks. Ghost Wrap is brought to you by Mazars. |
|---|
|
|---|
| LATEST: Magic Markets podcast |
|---|
|
|---|
| In Episode 148 of Magic Markets, we worked through the latest numbers and strategic news from Tesla and Netflix.
It's critical to remain objective when looking at these global tech giants, although it's still rather debatable whether Tesla is a tech company!
Thanks to B2IT, you can get our views on these two important companies. |
|---|
| |
|---|
| LATEST: Ghost Stories podcast with African Bank |
|---|
|
|---|
| | | Kennedy Bungane is the CEO of African Bank. He joined me on this podcast to discuss the African Bank strategy and to respond to my concerns about the pricing of the deal with Sasfin. This podcast is paid for by African Bank but my questions are independent. |
|---|
|
|---|
| Lesaka Technologies joined the Unlock the Stock platform for the first time to talk about the recent financial performance and the strategy. You can watch the recording here, thanks to our partner A2X. |
|---|
| |
|---|
| LATEST: The ETF revolution - views from Satrix |
|---|
|
|---|
| Kingsley Williams of Satrix gives us nine reasons why the boom in ETFs makes sense.
In my opinion, every investor should be using ETFs in a portfolio. This is why I'm always grateful to Satrix for their insights in Ghost Mail. |
|---|
| |
|---|
| DAILY: TreasuryONE Market Update The yen had its weakest performance against the US dollar in over two decades, as currency traders didn't exactly give a warm response to the Bank of Japan's changes to yield-curve control. Inflation predictions for fiscal 2024 were also increased. This hints that the Bank of Japan's negative rates could come to an end in future. The next meeting for those bankers is in mid-December and the market will look for a definitive stance on enduring inflation and ending negative rates.
The rand had a strong day but the suspicion is that this was based on corporate flows rather than market sentiment. The upcoming MTBPS is the focus, with the market watching for signs of austerity and fiscal sustainability. The rand is currently below the key 100-day moving average of R18.71.
In the US, the market keenly awaits the Fed decision against a backdrop of a red October for their equity market. |
|---|
|
|---|
| | | Get the latest on AB InBev, Astral Foods, BHP, Impala Platinum, Renergen, Sable Exploration and Mining, Sasfin and Woolworths, along with a huge assortment of Little Bites to keep you up to date on what was a crazy busy day. It's all available with a single click in Ghost Bites. |
|---|
|
|---|
| A sip of growth at AB InBev - and not much more AB InBev should be thankful to my dad. He really does do his best for their volume growth, admittedly only in Castle and absolutely nothing else. I'll be forced to break his heart that his efforts just aren't cutting it, as AB InBev's growth over the past 9 months as been entirely from pricing increases. Beer volumes are down.
Perhaps the finance team needs to slow down on their own product though, with the company telling us that normalised EBITDA is impacted by tax credits in Brazil. EBITDA literally stands for Earnings Before Interest, Taxes, Depreciation and Amortisation. I've seen many innovative adjustments to EBITDA in my life to "normalise" it, but tax credits are a first.
It was a monster day of news, so your only chance of catching all of it is in Ghost Bites. I spent hours on SENS yesterday to pull it together. You can read about the horrible numbers at Astral Foods, further investment in potash by BHP, production numbers at Impala Platinum, interim results from Renergen, an interesting rights offer at Sable, numbers at Sasfin that seem to be getting worse all the time and the details of the Woolworths acquisition of Absolute Pets.
On top of this, there are almost 20 companies covered in the Little Bites section.
Everything is available to you with just one click in Ghost Bites>>>
|
|---|
|
|---|
| You should expect us in your inbox Monday – Friday. If you don’t receive an email, please check your spam, or junk folder and “move us” into your primary inbox to ensure you get it each morning.
Disclaimer
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.
Whilst every care is taken, we accept no responsibility or liability for any errors or omissions in any of our content.
The views, thoughts and opinions expressed in our content belong solely to the author or quoted individuals and/or entities, and not necessarily to the author's employer, organisation, committee or other group or individual, or any of our affiliates or brand partners. |
|---|
|
|---|
|
|
