A listed company, for example on the Johannesburg Stock Exchange (JSE), allows its shares to be traded publicly on the exchange. This enables anyone to put in a bid for the shares which could match with an offer from an existing shareholder and… …BINGO magic happens. Shares have been traded, there’s a new shareholder on the shareholder register and the …
View PostWith The Finance Ghost, my goal is to focus on the fundamental principles of investing rather than the concepts used by traders in looking for market patterns and signals. The art of fundamental investing requires you to consider company variables including: Core company strategy Growth prospects across existing and potential future markets Revenue and customer volume growth Key margins (gross …
View PostWith The Finance Ghost, my goal is to focus on the fundamental principles of investing rather than the concepts used by traders in looking for market patterns and signals. The art of fundamental investing requires you to consider company variables including: Core company strategy Growth prospects across existing and potential future markets Revenue and customer volume growth Key margins (gross …
View PostAdcorp has shed 90% of its market value in the past 5 years. The recruitment and training company suffered an ailment that has plagued many industry consolidators: an incoherent strategy combined with an unsustainable balance sheet. There was a time on the JSE when people believed that if you buy five companies on a P/E (Price / Earnings ratio) of …
View PostAdcorp has shed 90% of its market value in the past 5 years. The recruitment and training company suffered an ailment that has plagued many industry consolidators: an incoherent strategy combined with an unsustainable balance sheet. There was a time on the JSE when people believed that if you buy five companies on a P/E (Price / Earnings ratio) of …
View PostI love the American market. Apart from groovy stock market tickers (like NYSE: RACE for Ferrari), the market is kept up to date by quarterly earnings releases from the best-known companies in the world. The Q3 earnings season is upon us, as companies report on how they did from July to September. You don’t have to wait long for information …
View PostLiterally minutes after I first posted this article, the headline broke that Finance Minister Tito Mboweni has asked for a postponement of the medium-term budget speech. He’s asked for a week’s delay but it’s still a really bad sign. We now wait and see whether the speech will be on October 21st as originally planned, or kicked out to October …
View PostEver felt like you got to where you are today because you’re lucky? Humility may be a beautiful character trait, but be careful that it isn’t impostor syndrome rearing its ugly head, especially if you are a high achiever. Queen’s hit song “The Great Pretender” reminds us of some of the challenges of impostor syndrome. As Freddie sang…“Too real is …
View PostRemember African Bank? If you watched any of President Ramaphosa’s lockdown speeches, you were definitely given a refresher. We don’t know what they paid for those ads, but it was probably the most valuable advertising space anywhere in South Africa at the time. Long before that, African Bank had been on an aggressive campaign, advertising at airports and all over …
View PostI decided it was time to take another look at Sasol and share my views on how I’m thinking about this going forward. As regular readers will know, I took a sizable punt at Sasol in April. It was a rollercoaster ride initially, but the share price has unfortunately settled into a downward trend as equities markets have cooled off …
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