MTN to List Jumia

11-FEB-19

With all the legal issues that MTN has been through over the last two years, we sometimes forget the scope of their operations. The MTN group has exposure to a number of tech businesses, for example they own a stake in Irans equivalent to Uber.


Read more...

The Bull Frog in the Room

08-FEB-19

Market Scorecard Yesterday the market moved in one direction, down. On the local front every time we refreshed our screens, there was a slightly deeper hue of red. The best explanation that financial journalists could come up with for the moves locally was, "Investors are in a risk-off mood". While reading financial news and research recently, there has been more focus on negatives than positives. The theme through all of the negative articles is that the current rally has lasted too long and that there is no more room for markets to continue higher.


Read more...

Alphabet Q4 numbers - Capex Spend is Higher

07-FEB-19

Monday after the market's close, Alphabet reported a very strong set of numbers, but which weren't really cheered by Mr market. Mr market was concerned about the CapEx expenditure put towards enhancing technical infrastructure, Google's cloud business and YouTube, which in turn has compromised margins.


Read more...

The Alpha of the Internet

07-FEB-19

Market Scorecard It is weird to do a morning market review and not see a change in Hong Kong, particularly not seeing the price of Tencent moving. We don't have to wait much longer though, Hong Kong will be back to trading tomorrow. Given the strong moves in tech stocks over the week, how will Tencent open?


Read more...

The Mack on Slack

06-FEB-19

Market Scorecard Even with very little economic news out and 'disappointing' numbers from Alphabet, global markets still managed to post a strong day out. Don't under estimate the power of strong economic data coming through, the hope of a trade truce and knowing that the Fed won't be raising rates anytime soon.


Read more...

Google is a Significant Source of Revenue for Apple

06-FEB-19

I read a report yesterday that suggested that Google was responsible for at least 23% of Apple's services revenue. How you may ask, Google and Apple are huge rivals in the mobile space?


Read more...

Why to Buy Facebook

06-FEB-19

My colleague Bright covered Facebook's recent results yesterday, but I am keen to re-emphasise just how strong the company's growth metrics look. You know, because to read the market headlines these days, you might think that they were a failing company?


Read more...

Facebook FY - Powering Through Scandals

05-FEB-19

Diversified social media giant Facebook turned 15 yesterday, a big milestone for a company that was started in a university dorm room. Accel Partners invested $14.8 million in a website called 'the facebook.com' back in 2005, today the returns are north of $5.6 billion or 378 times their initial outlay.


Read more...

Instawham!

05-FEB-19

Market Scorecard Yesterday there were trading updates from a couple of South African mining companies; ties in nicely with the mining indaba happening in Cape Town this week. For both Impala Platinum and Anglo Gold, they have swung from being loss-making last year to making profits this year. Management of both companies have been working hard to make operations more efficient, part of that involves selling or shutting non-core assets. For Impala, the share was up 8% yesterday and is up 30% over the last 12-months. In the case of Anglo Gold, it dropped 5% yesterday but is still up 43% over the last 12-months. Over three years both stocks are only marginally higher though. Like the rest of the market, it would have been better to leave your money in a savings account.


Read more...

MTN Trading Update

05-FEB-19

Yesterday MTN released a trading statement for the full year ending 31 December. The company expects an improvement of at least 20% in headline earnings per share. Having said that, the comparable period still had some Nigerian fine influence as well as hyperinflation in Nigeria.


Read more...

Amazon Q4 - Strong International Growth

04-FEB-19

When a company reports its results, we immediately look at four key pieces of information. Firstly, its reported profits in Dollars or Rands per share, relative to market expectations. Secondly, sales revenues relative to consensus. These two tell you right away whether we are dealing with a 'beat' or a 'miss'. Thirdly, we look at the tone of the management guidance for the year ahead. Is the outlook good, or are they guiding us lower? Finally, and most importantly of all - what is the share price reaction.


Read more...

Amgen Q4 - Mix of Old and New Drugs

04-FEB-19

Last week our favoured biotech stock, Amgen, released results for the fourth quarter and full year 2018. As we have alluded to before, Amgen is going through a phase where a few of their blockbuster drugs are slowing down because of off-patent competition. At the same time they are pushing new exciting drugs into the market. That is not always as easy as it sounds, even if you assume the drug works really well. You still need to convince the doctors, insurers and hospitals to endorse the product.


Read more...

Clouds Sustain The River

04-FEB-19

Market Scorecard The US economy can raise its bat for getting a century. On 'Jobs Day Friday' the country reported a record-breaking 100 consecutive month of jobs growth. The previous record for the US economy was only 48 months and ended in June 1990. The economic engine didn't just splutter over the century mark, it flew through by adding 304 000 jobs where only 164 000 jobs additions were expected.


Read more...

Illumina FY - Making Deals

01-FEB-19

Gene sequencing giant Illumina reported Q4 numbers on Tuesday after the market close. The San Diego, California based company reported record revenues of $867 million, up 11% year-on-year. For the year 2018, Illumina reported $3.3 billion of revenues, up 21% thanks to strong demand for sequencing and array systems, consumables and services.


Read more...

Illuminate your Portfolio

01-FEB-19

Market Scorecard If you used your Christmas bonus to buy stocks or if you used the new calendar year to send more money to the US, pat yourself on the back. January 2019 was the best start to trading in over 30 years. Who would have thought, considering how gloomy things were going into the festive season? It goes to show that trying to time that market generally doesn't work. While some have been 'waiting for things to look better' the market is up over 10%.


Read more...

Older stories...

CNBC Africa Hot Stoxx Videos

Newsletter Sign Up

Sign up for our free daily market newsletter.

Today's market moves on the JSE