Sasol. The one that got away for many. It partially got away for me. After a massive effort from management to cut costs and sell off assets, aided by a stronger oil price and generally better economic circumstances, Sasol confirmed today that it will not need to tap shareholders for more money in a rights issue. A rights issue is …
View PostWith 9.2 million members (or “degenerates” as they are known) and language that would make a sailor blush, the r/wallstreetbets army has become a force to be reckoned with. Reddit CEO Steve Huffman refers to the community as using “crass-at-times language” which is like describing our government as being “mildly susceptible to corruption”. Their hero is Roaring Kitty, whose name …
View PostIt’s an investment rumble in the jungle, as the House of Mouse takes on Netflix. Although Netflix gets all the credit for being a techy platform company (and included in the FAANG group), Disney+ already has nearly 100 million subscribers vs. just over 200 million at Netflix. Of course, there’s so much more to Disney than Disney+, like the entire …
View PostFive hours and over one hundred slides later, MultiChoice was done explaining why the company disagrees with the draft findings of the Independent Communications Authority of South Africa (ICASA) that were released in 2019. ICASA believes that limited broadband access, the high cost of data and low average internet speeds will limit the growth of over-the-top (OTT) media services like …
View PostIt’s hard not to be jealous of the American market. I can’t even remember when last we had a genuinely exciting IPO (new listing) on the JSE. Meanwhile, barely a week goes by without an interesting new opportunity in the US. The latest IPO to catch my eye is Bumble Inc, a dating app with an important difference. Women have …
View PostThe Finance Ghost and Mohammed Nalla (Moe-Knows) discuss some of the macro ratios that can be used in assessing whether the market is experiencing a general feeling of fear or greed. With an understanding of high-level tools like the lumber-to-gold ratio or a reading of the VIX, investors and traders can try to time their market entries and exits more …
View PostI recently read a Tweet by Michael Seibel, the Managing Director at Y Combinator and co-founder of the world’s leading live streaming platform Twitch, that went along these lines: “Too many founders want to outsource the discovery of product/market fit to their employees. This is a mistake. You don’t outsource the most important goal of your company.” The concept of …
View PostIn Episode 11 of Magic Markets, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) go on a search for truffles – tech truffles! Oh, and unicorns. With the assistance of special guest (and stock-picking expert) Craig Antonie, the hosts unpack a simple framework to help identify the winning companies of tomorrow. There’s also a discussion on value vs. growth investing, …
View PostIn Episode 11 of Magic Markets, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) go on a search for truffles – tech truffles! Oh, and unicorns. With the assistance of special guest (and stock-picking expert) Craig Antonie, the hosts unpack a simple framework to help identify the winning companies of tomorrow. There’s also a discussion on value vs. growth investing, …
View PostCurro Holdings. A company that once promised so much (with an obscene valuation multiple to match) now finds itself in a loss-making position. You read that correctly – net of impairments (write-downs of school property values), Curro is going to report a loss for the 12 months to December 2020. the_ad id=”3223″ Right idea, wrong time Curro’s investment thesis was …
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