Market Scorecard As expected, the SARB left interest rates on hold yesterday. What was not expected, not by me (Michael) at least, was how close they came to lowering rates. Of the MPC members, three voted to keep things on hold and two voted to drop rates. I thought they made a mistake by … Continue reading Vestact Moves to Rosebank
Market Scorecard Global markets are going through a period of heightened uncertainty. The nasty drop of almost all markets in October 2018 knocked the confidence of many, so more investors are sitting on the sidelines. Volatility has increased, meaning bigger swings during each trading session. It is not often that you see a market … Continue reading The Nvidia Chips Are Down
Market Scorecard Just when you think that markets have stabilised, you get another smack in the face. It is during these tough periods that I think it might be better to only receive quarterly portfolio statements, instead of the weekly statements our clients currently receive. I saw this tweet yesterday, which made a good … Continue reading The Stream Dream Continues
Market Scorecard Stocks on Friday got a boost from the plan announced by our president on Friday. We are currently light on details, but they should roll in over time, starting with the new visa regulations today. As the president said, we don't have the ability to spend more money, so it is a … Continue reading
Market Scorecard Trade war tensions are rising as the EU announced that they would raise tariffs against US products in response to Trump's tariffs. Higher prices mean that people will buy fewer products on both sides of 'the pond'; leading to lower taxes and lower economic growth. You can understand why the EU has … Continue reading Cry the Beloved NHI
To market to market to buy a fat pig. On Friday night, while eating supper my phone had a notification pop up saying that Jeff Bezos's NAV had just crossed $100 billion, the first time since 1999 when Bill Gates crossed that mark. Bill Gates is currently second on the Bloomberg Billionaires Index, he … Continue reading Bezo$
To market to market to buy a fat pig. Friday was Naspers day. Thanks in part to Tencent rising 3% on Friday, Naspers was up over 4% at a stage and closed up 3.6%. What is amazing is that we still have 6-weeks left of the year and the stock is up 90%; it … Continue reading Naspers 4000
To market to market to buy a fat pig. The first stock that comes to mind when people say, 'Blue Chip' is GE. On Friday, the stock wasn't behaving like a blue chip company at all. The company reported below-par 3Q numbers before the market open on Friday morning, causing the stock to open … Continue reading Mediclinic Makes Inspired bid
To market to market to buy a fat pig. The Dow broke through 23 000 points yesterday. Even though it is just a number, which has no real difference from 22 999 or 23 001, it is nice to have milestones. Having markers allows us to see where we have come from and the … Continue reading Patient on Mediclinic
"Mediclinic released their full year numbers during the course of yesterday. We all had a very solid look at these, this is the first year that the integration is all comparable. Remember that the company reversed into the Al Noor listing and then converted your shares of Mediclinic to Mediclinic international." To market to … Continue reading Al Moer
