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Taking a look at the day’s business news influencing market moving activity, and forex.An Arena Holdings production.Keywords: money, opportunity, business plan, business ideas, business news, inco... more
FAQs about Market Wrap:How many episodes does Market Wrap have?The podcast currently has 1,627 episodes available.
September 13, 2019Market Wrap - Stock Pick — Rhodium ETFSam Mokorosi from Vunani Capital chose Rhodium ETF as his stock pick of the day. "Last time I was here I mentioned the Rhodium ETF, it's a substitute for platinum in the auto catalytic converter market and it's continuing to run although it had a bit of a slip under seven hundred but it is back up to above the seven hundred mark, so we continue to watch it with gleeful eyes."...more9minPlay
September 12, 2019Market Wrap - Stock Pick — MotusNolwandle Mthombeni from Mergence Investment Managers chose Motus Holdings Ltd as her stock pick of the day."So I'm going with Motus and the one thing that I want to say is 'second-hand markets'. So the news the only thing that you get to see is the is the new car sales and those have been down, but those that have been capitalizing in a second-hand car vehicle market is not published and those figures are not known. They've got this great ecosystem where from rentals to car sales, to secondhand and new and they supply the parts, so they've created this great ecosystem that has enabled them to get them through growth, and at these levels they still very much under valued."...more8minPlay
September 10, 2019Market Wrap - Stock Pick — NaspersGraeme Franck from PSG Wealth Sandton chose Naspers as his stock pick of the day."I'm going with Naspers and just to be clear I think the next few days are going to be quite volatile within the Naspers Prosus stable. Today was the last day to trade Naspers so tomorrow you still have an opportunity to give your elections for Prosus and then given the way that JC cycle settles - over a three day cycle, the Prosus shares will only list on client accounts possibly on Monday next week. We're unfortunately going to have a few days of volatility and a few days of asome what of a vacuum but that said, longer-term we do genuinely like Prosus, we think that the discount within Prosus relative to the Tencent and all the other internet assets will narrow quicker than it will be purely in Naspers. Unfortunately the Prosus will be a tax event for those clients that have elected Prosus now but we are somewhat indifferent to that given that you are going to have to pay CGT (capital gains tax) at some point, so for choice we would we would elect Prosus unless clients are extremely tax sensitive and they don't want to, but from a pure economic fundamental perspective you get the same economic exposure if you stay in Naspers as if you have a mix of Naspers and Prosus."...more9minPlay
September 09, 2019Market Wrap - Stock Pick — Adcock IngramSteven Schultz from Momentum chose Adcock Ingram as his stock pick of the day.."I'm going with a Adcock Ingram, it's a great pharmaceutical company with a very strong balance sheet on a pier relative basis and we know that they're certainly not overextended from a gearing perspective and we've seen that hurt their competitors. It has had a very decent set of results earnings and their headline earnings operating profits both up double digits in the most recent results. They have lot of free cash flow coming and they do not have a lot of reliance on government although they did just win a decent slice of the anti retroviral government tender of about 12%. They've got a great portfolio including the likes of Citro-soda and we've seen Bioplus, Panado all going up double digits. I think they have a good portfolio and we've got a target price of 72 which means it implies about a 16 percent return over the next twelve months which we think is pretty decent."...more9minPlay
September 06, 2019Market Wrap - Stock Pick — BHPMartin Smith from Anchor Securities chose BHP as his stock pick of the day."With global sentiment taking a little bit of a turn, again its kind of a bit of a seesaw with China and the US and obviously Brexit but at the moment it looks like the risk on trade is is happening so I think with view to that you look to something like bhp the resources are bouncing and on a relative valuation it's looking quite cheap, so I think that's one that you can make some money off in the short."...more8minPlay
September 05, 2019Market Wrap - Stock Pick — Bid CorpCraig Pheiffer from Absa Stockbrokers and Portfolio Management chose Bid Corp as his stock pick of the day."I'm going locally with Bid Corp, they reported not so long ago with a decent set of numbers of around 11% to 12% earnings growth. They are a global food services company and I think following that Bidvest model of being decentralised and organising their capital well. With a 20 PE it does come down over the next two years but it's a good one to have in your portfolio."...more8minPlay
September 04, 2019Market Wrap - Stock Pick — Bid CorpNick Kunze from Sanlam Private Wealth chose Bid Corporation Ltd as his stock pick of the day"We are looking at Bid Corp, they came out at the start of the week with a nice set of results. Emerging markets space wasn't great but the developed markets increased by 20% and the stock is trading in the upper teens, so it's not cheap but you're paying for management and paying for quality."...more8minPlay
September 03, 2019Market Wrap - Stock Pick — BidvestImtiaz Suliman from Sentio Capital chose Bidvest as his stock pick of the day"I'm going with Bidvest, the company is a reflection of the South African economy with a bit of island that they made acquisition of Noonan so, overall a diversified SA company, a strong balance sheet, not highly geared and if there'sany uptick in South African GDP growth they tend to do very well from that. So Ithink the new capacity that they've put in in terms of the LPG at Richards Bay terminal will come through in the next period and that will add further to their profits."...more8minPlay
September 02, 2019Market Wrap - Stock Pick — randViv Govender from Rand Swiss Offshore talks about the rand as his stock pick option for the day."I'm still long on the rand, I still think that tomorrow's GDP number will be positive. If it is at around 2,5% as expected it will off course take away the technical recession issues and would show that we can get back on track and should be positive for the currency. Also, any kind of talks between China and the US will be positive for SA as well."...more6minPlay
August 30, 2019Market Wrap - Stock Pick — Northam PlatinumListon Meintjies from Nvest Securities chose Northam Platinum Limited as his stock pick of the day. "I like to buy companies that have a tailwind rather than a headwind, if you talk to me about retailers I would do some shopping. So what has a tailwind? The answer to me are the platinum shares. And it's not platinum, if you look at the platinum price it's well down on two years ago. However, the palladium price has practically doubled over the same period and it is now bigger in the platinum basket than platinum itself. So within that I choose Northam Platinum."...more11minPlay
FAQs about Market Wrap:How many episodes does Market Wrap have?The podcast currently has 1,627 episodes available.