Metair, but not met dividend
There’s a lot going on at Metair, ranging from a cancelled dividend through to fascinating potential corporate actions. It’s worth spending some time learning about this company that supplies a range of automotive components through companies in South Africa and Eastern Europe. the_ad id=”3223″ Declare. Defer. Defer again. Defend. Back in March, Metair announced a gross dividend of 120 cents …
View Post
Here’s the deal: Trump vs. Biden
Every now and again, I come across someone truly extraordinary. One such person is Winford Collings, a soon-to-be Chartered Accountant with immense writing talent and a great love of American politics. The Finance Ghost isn’t a political platform and never will be, but the American election this year affects every single one of your investments, one way or another. The …
View Post
Not all tech companies are created equal
You know by now that the lockdown period was great for many tech companies. Although “tech” is used as an umbrella term all the time, it’s something of a misnomer to do so. The companies that did well typically offer consumer apps or enterprise cloud solutions. Some software companies also did well and there were of course outliers like video …
View Post
Print media on a downward spiral
Caxton and CTP Publishers, Printers and Distributors has a long name and a longer history, dating back to 1980 when it was founded by Terry Moolman and Noel Coburn. The company is one of the largest publishers and printers of books, magazines, newspapers and commercial print in South Africa. Unfortunately, this isn’t an industry with terrific fundamentals. It’s a R1.5bn …
View Post
When the JSE can protect you in a delisting and when it can’t
Very few people understand what it means to be “listed” on a stock exchange. Perhaps more importantly, even fewer understand what a delisting means, even though this can become the reality for the likes of Comair, which will delist later this year as part of its approved Business Rescue plan. In this article, my intention is to explain some core …
View Post
Naspers: Mind the gap
- Global, South Africa
-
Bob van Dijk, Discount to NAV, Euronext Amsterdam, Hong Kong Stock Exchange, JSE, Koos Bekker, Naspers, Prosus, Tencent
- September 17, 2020
Do you have a pension? Do you have South African unit trusts? It’s more likely than not that you are a Naspers shareholder, albeit indirectly. Naspers made the news this week again, this time for an investment in Food Supply Network for an undisclosed sum. The company operates an independent business-to-business marketplace that improves the process of food delivery and …
View Post
ARC: shareholders, can we have some more please?
African Rainbow Capital (ARC) Investments was “pleased to advise shareholders” that the board resolved to undertake a rights offer. That means they will tap into shareholders for another R750 million, which I’m sure shareholders can’t wait to give them after the ARC share price has dropped nearly 70% since listing. I’ll bet the board was pleased. So is anyone else …
View Post
TikTok chooses a dance partner and NVIDIA expands
- Global
-
AMD, Arm, China, Intel, Microsoft, Nvidia, Oracle, TikTok, US, Walmart
- September 14, 2020
Well, that was a rather busy weekend. Not only did Bytedance choose Trump’s favourite Oracle as the preferred bidder for TikTok’s US operations, but NVIDIA continued to shine with an acquisition of a leading smartphone CPU manufacturer. Let’s start with TikTok, the social media sensation of 2020. TikTok visits the Oracle In case you missed it, Donald Trump’s general mistrust …
View Post
The -51% GDP headline is misleading
Whoever writes the Stats SA GDP report wasn’t messing around this week. Reminiscent of Finance Minister Tito Mboweni’s rather colourful Twitter feed, the report opened with the following line: “The punch in the gut was severe.” When a governmental statistics agency writes with such emotive language, you know things are rough. The report immediately goes on to note that “perhaps …
View Post
Real-world personal finance – podcast
In my second appearance on the Honest Money podcast, I get personal about money. Some of the topics covered include: The real cost of having a baby Using debt to buy shares A discussion on good vs. bad debt in general A framework for tracking your financial progress This is real-world stuff and I really hope you find it interesting …
View Post