Rob and Ralph

  Market Scorecard Yesterday before the US market opened Elon Musk released an Update on Taking Tesla Private. The share was initially up 2% on the clarification of where the funding was going to come from. By the time the market closed, the stock was only up 0.2% and is now down 0.5% in after-hours … Continue reading Rob and Ralph

Advertisements

The $900m Tweet

  Market Scorecard Normally when we mention market movements and tweeting, we are referring to President Trump. In this case it was Elon Musk. See his tweets below. Before his tweet, Tesla was already up around 4.5% because it emerged that the Saudi Arabian sovereign wealth fund has a stake of between 3% - 5%. … Continue reading The $900m Tweet

It’s Apple Day!

  Market Scorecard Both Massmart (Builders Warehouse, Game and Makro) and Spur, which also owns the brands of RocoMama's and Panarottis, released trading statements yesterday showing how tough it is in South Africa at the moment. Between those two companies they have large exposure to the South African consumer; by reading their results, it gives … Continue reading It’s Apple Day!

Germanexit

  Market Scorecard Our market started much lower yesterday, but thanks to a positive open from the US market we finished the day higher. Currently the US market opens at 15:30 our time, so we have 90 minutes where both markets are open at the same time; generally during that brief period, our markets move … Continue reading Germanexit