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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.
August 29, 2019Market Wrap - Stock Pick — NaspersWaldo du Plessis from Nitrogen Fund Managers chose Naspers as his stock pick of the day."My stock is going to be Naspers, the Prosus pre-listing statement came out this this week I think there's a bit of value unlock just in the event and the excitement of it."...more8minPlay
August 28, 2019Market Wrap - Stock Pick — Super GroupGraeme Franck from PSG Wealth Sandton chose Super Group as his stock pick of the day.Super Group came out with numbers earlier in the week and actually managed to grow their headline earnings per share by twelve percent and and that in the backdrop of the country that's battling so much. They're now trading on a p/e of about seven point five to seven point seven times so it's very low and that type of PE tends to indicate that earnings are going to fall as opposed to being up 12 percent. And just anecdotally, the valuation gap between SA Inc shares so the retailers, industrial, the banks versus the non SA inc shares so all the dual listed rand hedges stocks - that valuation gap has never been as high as it is now so the market is clearly worried about what's going on in South Africa...more11minPlay
August 27, 2019Market Wrap - Stock Pick — Standard BankCaroline Cremen from Adviceworx chose Standard Bank as her stock pick of the day"Standard Bank is very well positioned to expand into Africa which will see their African operations grow. The purchase of a fin-tech company in South Africa is looking to extend banking service to the unbanked. They're in a great position in fin-tech generally, they're well capitalised and they can certainly spend more money on these things than some of the newer banks can. They also have a wonderful dividend yield of about six"...more8minPlay
August 26, 2019Market Wrap - Stock Pick — offshoreRobert Towell from Sasfin Securities has suggested an offshore investment as his stock pick for the day."I think that overseas is where you need to look at the moment. The markets have been quite volatile but I think you still think that you can look at these counters like Apple and Amazon. They got sold off quite aggressively when the trade war spiked so so I do think that you can look at those. If you are however looking for a long term acquisition I do like the players like Unilever, although a bit expensive, it is something that you could buy....more7minPlay
August 23, 2019Market Wrap - Stock Pick — RhodiumAndile Buthelezi from Sentio Capital chose Rhodium as his stock pick of the day."I have an interesting one I think, my stock pick is Rhodium which is a platinum group metals that a lot of our Platinum mining companies in South Africa produce. It is mainly used in a catalytic converter that you find in vehicles and the idea with it is that it helps to reduce emission levels that come out of a car, the reason I'm choosing it today is because demand for this particular metal is rising in an environment where there's new legislation being introduced that requires these vehicle manufacturers to reduce emission levels even more than they currently are. So there's an increasing demand for this metal and a commensurate supply, it just isn't there."...more9minPlay
August 22, 2019Market Wrap - Stock Pick — PeregrineNolwandle Mthombeni from Mergence Investment Managers chose Peregrine as her stock pick of the day. "I'm going with Peregrine, they have some downside protection where they have annuity earnings and they have Peregrine Capital, a pension fund that is doing very good and performing well in the last couple of months."...more7minPlay
August 21, 2019Market Wrap - Stock Pick — long randViv Govender from Rand Swiss Offshore chose to long rand as his stock pick of the day."I'm going long on the rand and I think that we've seen a bit of resistance in terms of weakening at about the R15,40 to the US Dollar level. We have seen some good news about the inflation rate today which got us to about R15,20. I think that we have probably over sold at the moment, I cut my last long at about R14 and it's weakened more than 10 percent since then so I think that one is reasonably well secured to get into a long run position right now, for a move at least to the R14,50 level...more9minPlay
August 20, 2019Market Wrap - Stock Pick — AppleSteven Schultz from Momentum chose Apple Inc as his stock pick of the day."My stock pick this evening is Apple and I got there in a a bit of a round about way, Walt Disney was subjected to a whistle blower last night that suggested that they were inflating their earnings and unfortunately for them, at exactly the wrong time but it was the right time for Apple as they just announced that they will be spending in excess of $6 billion on original content and this will allow them to go head to head with the likes of Netflix, HBO and off course Walt Disney. Markets cheered the idea and their share price went up by 2%"...more8minPlay
August 19, 2019Market Wrap - Stock Pick — Philip MorrisRobert Towell from Sasfin Securities chose Philip Morris as his stock pick of the day. "Definitely looking overseas at the moment. I think that with interest rates going down we'll see more flow into foreign assets again. You start to see the US market looking very good again so we're looking at dividend-paying companies, one can even go into some of your utilities and in some of the staples as well. We also like Philip Morris at these levels paying relatively decent dividends and starting to grow again from good cash flow."...more9minPlay
August 16, 2019Market Wrap - Stock Pick — AspenRobert Cameron from Thebe Stockbroking chose Aspen Pharmacare Holdings as his stock pick of the day."My stock pick is Aspen but I want to qualify that, so this is not for investors that are risk-averse. If you are willing to take a bit of a risk, I think Aspen at around R70 per share does present some value. It also took a hit on the NHI announcement but if that spills over we can see a rally back to R90-R95. Their results will be on the 12th of September and we are hoping that the worst of this company is behind them now. Their debt is still high but it has pulled back a bit. Alan Grey also made an announcement on Thursday that they bought 5% of the company and they are the iconic value investors in South Africa and let's hope that they are right."...more9minPlay
FAQs about Market Wrap:How many episodes does Market Wrap have?The podcast currently has 1,627 episodes available.