11 May : From Disney to Mining
Good news from the U.S.: Inflation data came out better than anticipated, which lowered the return on bonds (yields). This led to an initial uptick in the stock market, especially for tech companies. However, the overall increase was only modest.
Disney’s shares took a hit: Despite solid profits and sales, and good performance from their theme parks, Disney’s shares fell. This was due to worries that the cost of their streaming services will increase losses in the future.
Big moves in the mining sector: Australian mining company Allkem is merging with US firm Livent. This kind of activity might make you question whether the mining industry is nearing a peak.
10 May : Depressed property
Property counters in SA has never recovered from the big valuation adjustment through Covid 19. Property counters are not only trading at big discounts to NAV but also at attractive dividend yields of significantly above 10%.
5 May: Taking a bite out of the BIG APPLE
Apple released results last night that beat estimates across the board on the back of better iPhone sales. Total Revenue came in at $94.8bln ahead of the analyst estimates of $92.6bln. CEO Tim cook also singled out India as the most populous country in the world now plays a more important role in both production […]
28 Mar : First Citizens … not The First Citizen to the rescue
This is a mini banking crisis, not a whole melt down.
14 Mar : Is it SVB or VBS …
Within our South African context we’ve read about the VBS scandal enough to appreciate how 3 letters can make you break out in a cold sweat (mostly due to anger at the blatant corruption and lack of consequences). But this is not just a tale of South Africa, the headlines over the last week has […]
