Magic Markets Ep22: Banks – Boom or Bust?
- Magic Markets, Podcasts
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Banking, Capitec, Credit Suisse, FirstRand, FNB, Goldman Sachs, Investment banking, JP Morgan, Morgan Stanley, Nedbank, Standard Bank
- April 22, 2021
In Episode 22 of the popular Magic Markets podcast, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) look back fondly on their days in banking and investment banking in particular. After a year of volatile markets with high trading volumes, investment banks are posting terrific financial results. Well, those who have avoided crises like Greensill and Archegos at least. Banking …
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Alpha, market cap and long vs. short
The trouble with the markets and the investment industry is that jargon is everywhere. Ever tried to discuss crypto or coding with a tech geek? That’s how non-financial people feel when looking at an investment fact sheet or reading a fund manager letter. In this article, I explain a few of the concepts that are important for you to understand …
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Alpha, market cap and long vs. short
The trouble with the markets and the investment industry is that jargon is everywhere. Ever tried to discuss crypto or coding with a tech geek? That’s how non-financial people feel when looking at an investment fact sheet or reading a fund manager letter. In this article, I explain a few of the concepts that are important for you to understand …
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My JSE strategy: detailed review
- South Africa
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AngloGold, BHP, Bidcorp, Bidcorp, Capital Appreciation Group, Capitec, Clicks, Distell, DRD Gold, EOH, Gold, Gold Fields, Harmony, Harmony, Investing, JSE, Massmart, Mediclinic, Motus, Motus, Sasol, Stor-Age, Tower Property Fund, Tower Property Fund, Transaction Capital, Transaction Capital
- December 21, 2020
Ghosts are transparent by design and The Finance Ghost is no different. I love sharing my portfolio moves and the way I arrived at decisions. Goodness knows I don’t always get it right, but if I’m not prepared to publicly share my decisions, then how can we all learn from each other? To close off 2020, I’ve decided to give …
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Is African Bank ready to fly yet?
- South Africa
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African Bank, African Rainbow Capital, Capital adequacy ratio, Capitec, FinBond, Grindrod Bank, Impairment, Net interest income, Non-interest revenue, Return on equity, Tyme Bank
- October 7, 2020
Remember 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 …
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Bank earnings collapse under economic fallout
I am almost tired of writing about how Capitec’s valuation cannot be justified. Almost. Trading at a Price / Book value way above its peers, Capitec’s top management continue to shrug off the realities of lockdown. Shareholders are reassured that everything will be ok and that Capitec will still show a profit this year. Will that be the case? Latest …
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Capitec: be afraid of what you cannot see
Back in March, Capitec suffered a price drop so severe that management released a SENS announcement to try and stop the bleeding. They highlighted that earnings growth still looked reasonable and that only 9% of Capitec’s customers have credit from the bank, so it isn’t the high-risk lender that the market sees it as. They also noted that the bank’s …
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Capitec’s Corona-coaster ride
Capitec has had a volatile few weeks even by current market standards. The bank has been the darling of the market for years, growing from obscurity to become South Africa’s largest bank by retail customer numbers. So, what’s going on? Tracking the Corona-coaster. Capitec fell from around R1,440 per share in mid-Feb to R1,110 by the third week of March, …
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