The company is actually called Ascendis Health, but one look at a share price chart and you’ll understand why I laughed when an ex-banking colleague called it Descendis Health in a chat we had a few weeks ago. With a nod to his genius, I’ve borrowed the name. If there was ever a poster child for a high-risk acquisitive strategy …
View PostAfter the market crashed in March 2020, I decided to take a risk. Believing that the valuations were ridiculously low and that they couldn’t possibly stay there, I emptied a big chunk of my access bond into the market. Essentially, these were bonuses I had saved over the years. I treat my bond like a revolving credit facility at a …
View PostAfter the market crashed in March 2020, I decided to take a risk. Believing that the valuations were ridiculously low and that they couldn’t possibly stay there, I emptied a big chunk of my access bond into the market. Essentially, these were bonuses I had saved over the years. I treat my bond like a revolving credit facility at a …
View PostAfter the market crashed in March 2020, I decided to take a risk. Believing that the valuations were ridiculously low and that they couldn’t possibly stay there, I emptied a big chunk of my access bond into the market. Essentially, these were bonuses I had saved over the years. I treat my bond like a revolving credit facility at a …
View PostThis is not an attempt to cover everything that happened in the budget speech today. The financial news agencies do a good enough job of that. Instead, I want to touch on some important concepts ahead of recording a Magic Markets podcast episode on this topic tonight. Look out for it on Thursday afternoon. It’s hard not to allow some …
View PostThis is not an attempt to cover everything that happened in the budget speech today. The financial news agencies do a good enough job of that. Instead, I want to touch on some important concepts ahead of recording a Magic Markets podcast episode on this topic tonight. Look out for it on Thursday afternoon. It’s hard not to allow some …
View PostThis is not an attempt to cover everything that happened in the budget speech today. The financial news agencies do a good enough job of that. Instead, I want to touch on some important concepts ahead of recording a Magic Markets podcast episode on this topic tonight. Look out for it on Thursday afternoon. It’s hard not to allow some …
View PostSasol. 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 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 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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