Avsnitt
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With The Finance Ghost having just returned from a trip to the UK, France and Dubai, the opportunity was clear to talk through some of the brands and business models that have been researched in Magic Markets Premium. It's one thing doing desktop research. It's another thing walking through a Sephora store or swinging a club at Topgolf. Mohammed Nalla lives in Canada so he's already had this experience for some time now, leading to an insightful discussion.
And let's not forget EVs, which are always a bone of contention on Magic Markets. Having seen the level of adoption in Europe first-hand and experienced such cars, have the in-house views on EVs changed?
This podcast is for informational purposes only and is not financial or investment advice. Please speak to your personal financial advisor.
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Home country bias is a real danger for investors. We tend to buy the brands we know, rather than taking an objective view on a global opportunity set. Global context is beyond important, particularly when you've had the benefit of engaging with investors and professionals in deep pools of capital like Europe and North America.
In this episode, Mohammed Nalla and The Finance Ghost take advantage of recent travels to discuss how the South African market differs from global markets like the UK and America. For any investor serious about global wealth creation, this is a valuable discussion.
This podcast is for informational purposes only and is not financial or investment advice. Please speak to your personal financial advisor.
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Saknas det avsnitt?
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The headlines will often focus on US jobs data, but what does it really even mean? Why should people outside of the US care? And of course, what do all the acronyms mean?
In demystifying the markets and bringing these concepts to the fore, Mohammed Nalla and The Finance Ghost talked through the jobs data and how it impacts central banks around the world. They also discussed the impact on equities in different sectors and how great jobs data isn’t always good news for shares.
This podcast is for informational purposes only and is not financial or investment advice. Please speak to your personal financial advisor.
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With South Africa entering a new era of politics, we will soon find out whether coalition politics actually look more like collision politics. Either way, "the market" matters and will continue to matter, punishing poor policy decisions and any related uncertainty.
In this show, Mohammed Nalla and The Finance Ghost discuss concepts like GDP growth, bond yields, the rand and the situation on the ground for South African consumers.
This podcast is for informational purposes only and is not financial or investment advice. Please speak to your personal financial advisor.
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Nvidia has been a headline grabber of note in global markets, with eyewatering returns that have left even the other semiconductor stocks for dead. Mohammed Nalla focused on not just the latest results from Nvidia, but the performance of other stocks in the sector.
The Finance Ghost tackled Intuit, covering the growth in revenue across the product range and the importance of integration strategies within the ecosystem. Although this is a powerful SaaS business, the risk of a double top in the share price chart cannot be ignored.
Episode 177 of Magic Markets is brought to you by Future Forex. Listen to Episode 170 for a detailed discussion with co-founder and CEO Harry Scherzer on why South Africans shouldn’t allow their annual offshore investment allowances to go to waste, with crypto arbitrage offering an interesting boost to returns. In Episode 173, you can learn about how Future Forex is disrupting the mainstream banks by making international money transfers simpler and more affordable for forex clients.
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Walmart is a good example of a pullback from the work-from-home trend that became a feature of the pandemic, with many viewing this as a return to the company’s roots. This is seen favourable against a backdrop of improved performance at Walmart.
Under Armour is also going back to its roots, more out of necessity than by design. Founder Kevin Plank is back in the CEO role and has a very tough road ahead, with the company experiencing a sharp drop in sales and needing to reposition its products as premium.
Episode 176 of Magic Markets is brought to you by Future Forex. Listen to Episode 170 for a detailed discussion with co-founder and CEO Harry Scherzer on why South Africans shouldn’t allow their annual offshore investment allowances to go to waste, with crypto arbitrage offering an interesting boost to returns. In Episode 173, you can learn about how Future Forex is disrupting the mainstream banks by making international money transfers simpler and more affordable for forex clients.
Future Forex SA (Pty) Ltd is a registered financial services provider, FSP number 51884.
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When quick-service restaurant groups get things right, they really get it right. Fast-growing companies in this sector can achieve rapid expansion because of the franchise model and the oldest trick in the book: using other people's money.
Chipotle Mexican Grill and Wingstop are excellent examples of not just what success looks like in this space, but what investors are willing to pay for that success.
Episode 175 of Magic Markets is brought to you by Future Forex. Listen to Episode 170 for a detailed discussion with co-founder and CEO Harry Scherzer on why South Africans shouldn’t allow their annual offshore investment allowances to go to waste, with crypto arbitrage offering an interesting boost to returns. In Episode 173, you can learn about how Future Forex is disrupting the mainstream banks by making international money transfers simpler and more affordable for forex clients.
Future Forex SA (Pty) Ltd is a registered financial services provider, FSP number 51884.
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The electrification theme is a rare thing, as it dishes up opportunities for value and growth investors alike. Some are buying coal and others are buying renewables, yet the underlying reasons aren’t as different as you might think.
People are using more electricity than ever before and growth in generative AI is just adding to the problem – or opportunity, depending on how you view the world.
To unpack this theme and how they apply it to the AnBro portfolios, Craig Antonie of AnBro joined us for this discussion.
This episode of Magic Markets is brought to you by AnBro Capital Investments, an authorised Financial Services Provider FSP number 48371.
As always, you must do your own research. This podcast is for informational purposes only.
Magic Markets is your ticket to understanding the global stock opportunities available to you. If our free shows pique your interest, the deep dives and a vast library of research into international companies in Magic Markets Premium will do wonders for your knowledge of the markets. Subscribe for just R99/month at this link with no minimum monthly commitment.
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You already know about the crypto arbitrage offerings at Future Forex. If you don’t, refer back to Episode 170 for full details on how to avoid your annual offshore investment allowances going to waste, while generating returns which have consistently outperformed the market.
In this show, Harry Scherzer is back on Magic Markets to discuss their FinTech forex offering that is currently disrupting the mainstream banks.
With a full suite of forex services for individuals and companies alike, Future Forex makes international money transfers simple and cost effective.
Future Forex SA Pty Ltd is an authorised FSP number 51884.
Magic Markets is your ticket to understanding the global stock opportunities available to you. If our free shows pique your interest, the deep dives and a vast library of research into international companies in Magic Markets Premium will do wonders for your knowledge of the markets. Subscribe for just R99/month at this link with no minimum monthly commitment.
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Do you need to buy risky stocks to double your money (in dollars) over five years, or can you get the job done with US-based blue chips?
In this episode of Magic Markets, we used Goldman Sachs and United Health as examples of stalwarts in their respective industries that have delivered excellent returns to shareholders. As good examples of buy-and-forget stocks, learning about these companies helps with offshore portfolio construction.
Episode 172 of Magic Markets is brought to you by Future Forex. Listen to Episode 170 for a detailed discussion with co-founder and CEO Harry Scherzer on why South Africans shouldn’t allow their annual offshore investment allowances to go to waste, with crypto arbitrage offering an interesting boost to returns.
Future Forex SA (Pty) Ltd is a registered financial services provider, FSP number 51884.
Magic Markets is your ticket to understanding the global stock opportunities available to you. If our free shows pique your interest, the deep dives and a vast library of research into international companies in Magic Markets Premium will do wonders for your knowledge of the markets. Subscribe for just R99/month at this link with no minimum monthly commitment.
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Foot Locker and Nike: friends, but also enemies. Foot Locker is Nike’s customer, yet Foot Locker’s customers are also Nike’s customers. Nike’s customers are Foot Locker’s customers.
As you can see, there’s only one way to describe the relationship status here: complicated.
Foot Locker has been the love-to-hate stock that value investors sometimes dip into. Nike has been a growth investor favourite, yet the stock really hasn’t done well either.
Is the balance of power in this industry shifting back in favour of wholesalers? If so, what could it mean for these companies?
Episode 171 of Magic Markets is brought to you by Future Forex. Listen to Episode 170 for a detailed discussion with co-founder and CEO Harry Scherzer on why South Africans shouldn’t allow their annual offshore investment allowances to go to waste, with crypto arbitrage offering an interesting boost to returns.
Future Forex SA (Pty) Ltd is a registered financial services provider, FSP number 51884.
Magic Markets is your ticket to understanding the global stock opportunities available to you. If our free shows pique your interest, the deep dives and a vast library of research into international companies in Magic Markets Premium will do wonders for your knowledge of the markets. Subscribe for just R99/month at this link with no minimum monthly commitment.
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Harry Scherzer (co-founder and CEO of Future Forex) is back on Magic Markets to update us on the crypto arbitrage opportunity that Future Forex offers to clients.
Having processed more than R22 billion on behalf of clients since inception, Future Forex has recently been approved as one of South Africa’s first CASPs (crypto asset service providers), giving further legitimacy to their crypto arbitrage investment’s exceptional track record.
The allowance to invest capital offshore is available to all South Africans every year, yet very few take advantage of the full R11 million available. Crypto arbitrage is an incredibly helpful way to boost your portfolio returns each year, which is why Harry believes that every South African individual should strongly consider this low-risk, high-return opportunity.
Future Forex SA (Pty) Ltd is a registered financial services provider, FSP number 51884.
Magic Markets is your ticket to understanding the global stock opportunities available to you. If our free shows pique your interest, the deep dives and a vast library of research into international companies in Magic Markets Premium will do wonders for your knowledge of the markets. Subscribe for just R99/month at this link with no minimum monthly commitment.
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Accenture and FactSet are great examples of US-listed companies that service a global client base. In the case of Accenture in particular, that client base is immense. FactSet is far more focused, with a product that will be familiar to those working in financial markets.
Both companies have had a disappointing start to the year, falling victim to a market slowdown. Having covered these groups before in Magic Markets Premium, we felt that a relook based on latest numbers was appropriate.
The Finance Ghost dealt with Accenture, a core long in his portfolio. With a strategy built around both organic and inorganic growth, the company is using a dip in client demand as a good time to ramp up bolt-on acquisitions in the market. This is building a stronger group for the next upswing.
Mohammed Nalla covered FactSet, where the group has been transitioning towards annual subscriptions. There’s some concerning growth guidance there, although margins have at least been sustained for now. And of course, there are AI-related initiatives underway as well!
Magic Markets is your ticket to understanding the global stock opportunities available to you. If our free shows pique your interest, the deep dives and a vast library of research into international companies in Magic Markets Premium will do wonders for your knowledge of the markets. Subscribe for just R99/month at this link with no minimum monthly commitment.
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FedEx and Lululemon have both been covered and recapped on Magic Markets Premium before. We love circling back and revisiting companies that we’ve researched before, as the feedback loop is so important when testing how an investment thesis played out.
The Finance Ghost tackled Lululemon, one of the very best apparel stories on the market. Even the market darlings can take a knock though, with a slowdown in US sales driving a nasty drop in the share price. Is the business broken, or is this just a short-term wobbly?
Mohammed Nalla covered FedEx, starting with how the technical indicators played out vs. what we indicated in our research. He then worked through the segmental performance to bring us up to date on company performance.
Magic Markets is your ticket to understanding the global stock opportunities available to you. If our free shows pique your interest, the deep dives and a vast library of research into international companies in Magic Markets Premium will do wonders for your knowledge of the markets. Subscribe for just R99/month at this link with no minimum monthly commitment.
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For those who have been with us since the very beginning of Magic Markets, Moe’s blue hoodie is back! Well, a blue hoodie is back, even if it’s not the same one as before.
Justine Brophy is also back, bringing us the latest thinking from AnBro Capital Investments. As is usually the case, these are growth stocks that almost certainly aren’t on your radar. Investing in these stocks requires deep research, sensible position sizing and an appreciation of the valuation metrics used in this space.
In this show, he took us through Madrigal (the company that has won the “MASH dash”) and Myomo, a neurological mobility company. If you enjoy learning about new companies and sectors of the market that you haven’t looked at before, then you’ll absolutely love listening to Brophy talking about these stocks with us.
Episode 167 of Magic Markets is brought to you by AnBro Capital Investments, an authorised Financial Services Provider FSP number 48371.
As always, you must do your own research. This podcast is for informational purposes only.
Magic Markets is your ticket to understanding the global stock opportunities available to you. If our free shows pique your interest, the deep dives and a vast library of research into international companies in Magic Markets Premium will do wonders for your knowledge of the markets. Subscribe for just R99/month at this link with no minimum monthly commitment.
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Are chips the new oil? And no, we aren’t talking about oily chips, so take your junk food cravings elsewhere, like to last week’s show on Domino’s Pizza!
In this show, Saudi Aramco and Broadcom were the focus areas. It would’ve been too obvious to choose Nvidia.
The Finance Ghost dealt with Saudi Aramco, which has the uninspiring stock ticker 2222. That’s where the boring stuff ends, as the company boasts a highly impressive array of vertically integrated operations that go beyond just oil. There’s no denying the fact that oil is the cash cow though, and there’s a lot of cash coming out of the desert.
Mohammed Nalla brought Broadcom to the show, starting with what the company actually does and the core strength in the data centre industry. Broadcom is more than just a semiconductor (or chips) business. It may not pump oil out of the ground, but the business does operate at strong margins. With a diversified model though, the company has only partially benefitted from the huge growth in semiconductors. The dividend yield remains very low, so the market is pricing in a lot of growth.
Join us in this show for an excellent overview of the recent performance and trends at these companies.
Magic Markets is your ticket to understanding the global stock opportunities available to you. If our free shows pique your interest, the deep dives and a vast library of research into international companies in Magic Markets Premium will do wonders for your knowledge of the markets. Subscribe for just R99/month at this link with no minimum monthly commitment.
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With pizza and energy drinks on the menu, this isn’t the healthiest episode of Magic Markets – at least not for your body. As for your portfolio, there’s a lot to sink your teeth into here.
The Finance Ghost covered Domino’s Pizza, starting with a strategic analysis on why these types of businesses are doing so well in the modern world of ultra busy, dual-income households. A comparison of Domino’s and other global quick-service restaurants to JSE-listed peers over the past 10 years tells a shocking story of SA vs. global growth.
Mohammed Nalla took on Monster Beverage Corporation, which is one of those companies that regularly hurts those who are brave enough to go short – like Moe. With ongoing product innovation, the company has managed to unlock further growth. But just how much energy can it possibly have left in the tank?
Magic Markets is your ticket to understanding the global stock opportunities available to you. If our free shows pique your interest, the deep dives and a vast library of research into international companies in Magic Markets Premium will do wonders for your knowledge of the markets. Subscribe for just R99/month at this link with no minimum monthly commitment.
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This episode of Magic Markets is brought to you by data and process automation specialists B2IT. The company makes robots so that people don’t have to be robots. If you hate it, automate it by visiting the B2IT website.
In Episode 164 of Magic Markets, the focus is on home building and DIY stocks. On the global stage, that means Home Depot as one of the best blue chips around. In South Africa, this means Cashbuild and Italtile and all the struggles they are facing in this economy.
To set the scene for those struggles and to remind you why being alert to global opportunities is so important, The Finance Ghost kicked off with a hard-hitting look at South African retail statistics for 2023 across various categories. This makes it clear why Cashbuild and Italtile are taking such strain. He then moved on to recent numbers from these retailers (and retailers in other sectors for context), before finishing off with the outlook for the sector.
Dealing with Home Depot, Mohammed Nalla started with the recent share price performance and how things played out vs. the technical levels we had identified in Magic Markets Premium. He also took a closer look at the trend in margins and the deterioration in metrics that doesn’t seem to be reflected in the share price. Has the valuation run away from the reality here?
If you enjoy learning about the strategies used by global companies, then you’ll love Magic Markets Premium with a library of around 120 reports and podcasts with even more detail and depth. You can get access to all our work for just R99/month at this link.
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This episode of Magic Markets is brought to you by data and process automation specialists B2IT. The company makes robots so that people don’t have to be robots. If you hate it, automate it by visiting the B2IT website.
Platform businesses are fascinating things that can make a great deal of money at scale. This week in Magic Markets Premium, we covered Uber and its emergence as a financial butterfly in literally the last year. To keep the platform theme going, we decided to cover Airbnb and Shopify in this week’s free Magic Markets show, made possible by B2IT.
The Finance Ghost tackled Airbnb, with the company making a lot of noise about expanding beyond the core business this year. As yet, they haven’t released any details of what this actually means. If Airbnb just focuses on what it does best, the growth runway remains very long and interesting. It seems as though the platform is close to running at scale-level margins, so any efforts to add more products to the platform could be the growth burst that the story needs – especially at the current valuation.
Mohammed Nalla delved into Shopify, a company we’ve also covered on Magic Markets before. The company is growing, but goodness knows they have to grow to get anywhere close to justifying the current revenue multiple – one which makes the rest of the tech sector look positively cheap. There are question marks around the sustainability of the recent positive free cash flow trend as well, so the valuation of Shopify seems to still be running ahead of the story.
If you enjoy learning about the strategies used by global companies, then you’ll love Magic Markets Premium with a library of around 120 reports and podcasts with even more detail and depth. You can get access to all our work for just R99/month at this link.
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In a world where investors are seeking alpha in their portfolios, alternative assets are resonating with clients looking for private market investment opportunities. Westbrooke Alternative Asset Management is focused on what they call “South African connected capital” - and they now manage more than R12bn of this capital!
In this podcast with Dino Zuccollo, Head of Investor Solutions at Westbrooke, the Magic Markets hosts delved into topics including:
The extensive activity in the portfolios and the different types of mandates run by Westbrooke, ranging from the flagship Yield Plus fund through to private equity, solar and other opportunities.In an environment of shrinking opportunities in public markets, the growing trend of institutional support for alternative assets and the due diligence that was required for this to become a reality.The importance of alternative assets in facilitating flows through the financial system from investors to those seeking capital for opportunities.Why the provision of a secondary market is difficult for alternative assets and how liquidity risks are handled by the investment manager.The increasing popularity of tax-enhanced investing in response to fiscal incentives for the installation of rooftop solar in South Africa.An overview of the type of real estate transactions in which Westbrooke looks to participate.How the credit loss ratio in the private debt portfolios compares to the ratios reported by large corporate banks.Why investing alongside other professional investment houses in private equity deals is a popular approach.For more information on Westbrooke’s alternative asset strategies, be sure to visit www.westbrooke.com to find out more. You can also find Westbrooke on X (@WAAM_SA) or on LinkedIn. Westbrooke Alternative Asset Management is an authorised Financial Services Provider, FSP number 46750.
Note: you must do your own research and consult with a financial advisor to determine if an investment in alternative assets is suitable for you. Nothing you hear in this podcast should be construed as advice.
About Westbrooke:
Established in 2004, Westbrooke is a multi-asset, multi-strategy manager and advisor of alternative investment funds and co-investment platforms. We have a heritage as a shareholder and operator of assets and invest our own capital alongside our investors in Private Debt, Hybrid Capital, Real Estate and Private Equity in South Africa, the UK and the USA.
We provide investors with a unique gateway to private market alternative investment opportunities which are traditionally difficult to access.
Investors benefit from the depth of experience and quality of our investment teams, who apply the Westbrooke Investment & Risk Philosophy and Approach to everything they do. This, together with our highly aligned financial interests, our heritage as an owner and operator of assets, our multi-decade track record of performance and our focus on capital preservation provides our investors with a unique advantage. Invest with the Westbrooke Advantage.
- Visa fler
