The Diamond of Botswana

22-OCT-18

Market Scorecard Chinese markets are flying this morning, thanks to Chinese authorities saying they will do what needs to be done to support their private sector. There might even be tax cuts on the cards to help offset the negative impacts of their trade war with the US. Of direct importance to us is that Tencent is up 4% today, and has been climbing every time I refresh my page.


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Wilderness, doing good

22-OCT-18

As you know, we like the investment theme of travel. We are seeing a change where people are far more interested in investing in experiences and memories than materials and objects. Thanks to the internet, social media and easy access, more and more curious people are travelling. Unfortunately, that also means that many of the popular destinations around the world have become crowded and hectic. In today's world, we are seeing a trend where many of these travellers are seeking solitude and true wilderness, which is few and far between.


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JNJ goes Woke

19-OCT-18

Market Scorecard I was thinking this morning about a time earlier this year where it got boring writing about new record highs each day. We are now at the other end of the spectrum, where most days are down days. Our local market is down around 13% this year, but it could be worse, Chinese stocks are down 30% year to date; excuse me for being like a politician and deflecting.


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JnJ 3Q - Pharma doing well

19-OCT-18

Medical devices, pharmaceutical, and consumer goods giant Johnson & Johnson (J&J), reported expectation beating third-quarter numbers, thanks to good sales in the turnaround of the baby care business and cancer drugs. The company rebranded and relaunched its baby business after losing market share to the likes of Jessica Alba's The Honest Company.


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Mediclinic's disappointing trading statement

18-OCT-18

Yesterday Mediclinic released a trading statement which left the market very disappointed. It felt a lot like Aspen in fact. The market was expecting so much more and it took no prisoners. Not many bear markets do.


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Netflix 3Q - beats estimates

18-OCT-18

Another Vestact recommended stock in New York portfolios is streaming entertainment service Netflix. The company has a fascinating history. It was founded in 1997 as a DVD movie distributor and didn't start offering online streaming until 2007. It was listed on the stock exchange in 2002, when it had just 600 000 subscribers, all of whom were in the US. It passed the 100 million-subscriber mark in April 2017, and now has over 137 million subscribers. It only started expanding internationally in 2010, when it launched in Canada. Today it's available in over 200 countries.


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The Stream Dream Continues

18-OCT-18

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.


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The Bill on Interest Rates

17-OCT-18

Market Scorecard Thanks to good earnings released before the US market opened, our local market went from being down for the day to solidly positive at the close. US markets also soared.


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Expectations for Netflix numbers

16-OCT-18

Tonight we get numbers from Netflix which is always exciting. This article from Yahoo finance delves into a Credit Suisse report which has some interesting estimates for the quarter.


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Windows 65

16-OCT-18

Market Scorecard I woke up this morning to the sad news that Microsoft co-founder Paul Allen died of cancer on Monday. He was only 65, which is a sobering reminder that even with billions in the bank, when it is your time, it is your time.


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Decent Opening Innings from the Banks

15-OCT-18

Market Scorecard With earnings season kicking off before the US market opened on Friday, the major banks did not disappoint. They mostly beat analysts expectations, which provides positive momentum going into the rest of earnings season.


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Earnings Season, Come Save US

12-OCT-18

Market Scorecard Despite Tencent being down 7% yesterday in Hong Kong, Naspers only closed down 0.7%. Today Tencent is up 5%, so there is a chance we have a green day on our local market, for a change. Looking at Asian markets this morning, they are all moving higher. It may be what traders call a 'dead cat bounce' though; my wife hates it when I use that term. What it means though, is when the market/stock has an up day after a massive sell-off, but the reprieve is only temporary, and the sell-off then continues.


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Ackman piles into Starbucks

11-OCT-18

I have always enjoyed following Bill Ackman's antics within the investment community. For a hedge fund billionaire, he is relatively young and likes to ruffle the feathers of some of the grumpy, old-school titans of the industry. I don't necessarily agree with all his investment decisions but none the less he is very smart and talented.


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Take the Motion out of Emotion

11-OCT-18

Market Scorecard Yesterday was a nasty day for global stock markets, and today will probably be another ugly day. Part of the reason for the drop has been the steady rise in interest rates, where a higher interest rate means future company profits are worth less to investors today. The shift causes some turbulence for markets, which then leads to further market pressures. I have no doubt that we are at a point where there is some panic selling going on, fear is a powerful driver.


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Tito Mboweni is More Than a Song

10-OCT-18

Market Scorecard At this time yesterday, we knew that the SA Finance Minister Nhlanhla Nene has offered his resignation, but we did not if that would be accepted by the President, and if so, who would replace him. Uncertainty makes markets jittery. Late yesterday the news came through that Nene was out and his replacement was Tito Mboweni. He brings credibility to the job and that seems to have had a calming effect on South African markets. I don't envy Mboweni though, he has a tough medium-term budget speech to deliver in two weeks' time, and he might end up only being a caretaker minister until after our national elections next year.


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