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And now ~ woe is Woolies while Pepkor cleans up in smart phones (#589)
Manage episode 421143868 series 2946253
Election Results Impact on Markets
- Slow ballot counting with three ballots, 18.7% counted.
- CSIR prediction at 5%: ANC 42%, DA 22%, EFF 9%, MK 14%, Patrick Alliance 2%.
- Market concerns about ANC forming a coalition.
- Rand fluctuations: From 18.34 on Tuesday to 18.61 currently.
[caption id="attachment_42259" align="aligncenter" width="849"] Rand | 1pm 30 May 2024[/caption]
Pepkor Results:- 9.5% revenue growth.
- 24.5% growth in fintech, now 12% of the business.
- Pepkor sells 7 out of 10 smartphones in South Africa.
- Earnings down 20% for the year ending June.
- Challenges in the clothing segment, further deterioration in footfall and discretionary spend.
- Food segment performing better, but overall market reaction negative.
- Revenue growth of 19%, HEPs up 12.5%, return on equity at 28.5%.
- Surprise 50 cents dividend despite previous year-end dividend expectations.
BHP Billiton and Anglo American Merger
- BHP walked away from the Anglo-American takeover proposal.
- Speculation about potential offers from Rio Tinto or Glencore.
- Anglo-American's disinvestment plans for De Beers and Anglo Platinum.
- Discussion on Metrofile's challenges with dividend yield falling and pressure on share price.
- SAB Cap Investments' exit from Metrofile.
- South African Reserve Bank MPC rate announcement: No rate changes expected.
- Upcoming central bank meetings: ECB, FOMC, Bank of England, Swiss National Bank.
- Potential for future rate cuts in South Africa if inflation targets are met.
- Insights into gold, PGMs, and copper.
- Mention of the cheaper gold ETF from 1nvest compared to Absa GLD.
Changes in 10X ETFs: Local Dividend Aristocrat and Smart Beta merging into a Top 50 ETF.
527 episodi
Manage episode 421143868 series 2946253
Election Results Impact on Markets
- Slow ballot counting with three ballots, 18.7% counted.
- CSIR prediction at 5%: ANC 42%, DA 22%, EFF 9%, MK 14%, Patrick Alliance 2%.
- Market concerns about ANC forming a coalition.
- Rand fluctuations: From 18.34 on Tuesday to 18.61 currently.
[caption id="attachment_42259" align="aligncenter" width="849"] Rand | 1pm 30 May 2024[/caption]
Pepkor Results:- 9.5% revenue growth.
- 24.5% growth in fintech, now 12% of the business.
- Pepkor sells 7 out of 10 smartphones in South Africa.
- Earnings down 20% for the year ending June.
- Challenges in the clothing segment, further deterioration in footfall and discretionary spend.
- Food segment performing better, but overall market reaction negative.
- Revenue growth of 19%, HEPs up 12.5%, return on equity at 28.5%.
- Surprise 50 cents dividend despite previous year-end dividend expectations.
BHP Billiton and Anglo American Merger
- BHP walked away from the Anglo-American takeover proposal.
- Speculation about potential offers from Rio Tinto or Glencore.
- Anglo-American's disinvestment plans for De Beers and Anglo Platinum.
- Discussion on Metrofile's challenges with dividend yield falling and pressure on share price.
- SAB Cap Investments' exit from Metrofile.
- South African Reserve Bank MPC rate announcement: No rate changes expected.
- Upcoming central bank meetings: ECB, FOMC, Bank of England, Swiss National Bank.
- Potential for future rate cuts in South Africa if inflation targets are met.
- Insights into gold, PGMs, and copper.
- Mention of the cheaper gold ETF from 1nvest compared to Absa GLD.
Changes in 10X ETFs: Local Dividend Aristocrat and Smart Beta merging into a Top 50 ETF.
527 episodi
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