The Money Shot

CliffCentral.com  |  Podcast, ±16 min episodes every 1 week
Find out where the money’s going, who’s got the money, how you can make more of the money and who’s making decisions about the money. Every Monday on The Gareth Cliff Show we get an update on what’s happening in the world of finance from money manager, Anthea Gardner – MD of Cartesian Capital, founder of 43nord.com, Ironman, prolific reader, Francophile, survivor of the Arab Spring & wine enthusiast.
24
APR
The global asset prices are still under pressure, with oil now trading closer to $50/bbl – is the trump trade faltering? Pioneer food group put out a trading statement on Friday and the share fell 4½% - is this a sign of things to come for the SA consumer? Recently listed Pembury Lifestyle reported last week. Do we want to be invested in the new Africa big-50 ex-SA ETF? S&P revised the outlook for African Bank from negative to Stable and left them at B+ (which is higher than our sovereign rating). How will the outcome of the French elections impact markets?
10
APR
Global markets are still nervous with all the attacks (Syria, Sweden and now Egypt). Our local market spent most of the day in negative territory, but was relatively busy considering the marches. Datatec closed the day 7% higher after announcing that they are selling Westcon-Comstar. Capital & Counties was also higher after announcing that they are selling exhibition centres. Fitch downgraded South Africa to sub-investment grade, and US non-farm payrolls are much lower than expected.
03
APR
As Friday’s market traded on the cabinet reshuffle, it looks like there was a lot of repositioning of portfolios both selling and opportunistic buying as $2.9bn was traded. The market was tough, so much so that the JSE reported technical difficulties as shares went into volatility auction. Amongst the chaos, Pembury listed on Friday, and we got official news that Brian Joffe is listing a new company called Long4Life. SA posted R5.22 billion ($391.42 million) trade surplus in February. US Consumer spending for February was released and indications was that it barely moved.
27
MAR
The global markets remain cautious. We discuss Advtech's results, Capitec buying an international online lender, Anthea has found an interesting Nasdaq-listed tech company Impinj that looks attractive, and things are looking a bit nervy for Nike.
23
MAR
We catch up with Charles Pettit, CEO of Stellar Capital, to hear what plans he has for the listed investment holding company. Gareth and Anthea want to know if they should still be holding onto their SCP shares, and which part of the business he would like to see the growth come from.
20
MAR
Another big day on the market on Friday - $2.3bn traded, but markets consolidated and the All Share gave back half a percent. Remgro reported a disappointing set of interim results. We also speak about US Activist shareholder, Bill Ackman, who crystallised a $2.8bn loss on the sale of Valeant.
13
MAR
The markets bounced on Friday despite the stronger Rand. Anthea takes an in-depth look at Aspen Pharma and gives us a view on the Tongaat trading update. US non-farm payrolls came in at 235k vs market expectations of 200k - and Trump has taken credit even though during his campaign he called the jobs report fake, and said the unemployment rate was a hoax.
06
MAR
Have you heard of Animal Spirits? US markets continue higher while our market takes a breather. We speculate on the outcome of the China Political Consultative Conference. What the Rand is so strong despite a muted SA PMI number; and we take a look at results from Choppies, Growthpoint, Brimstone and Pinnacle.
27
FEB
The markets are under pressure as the All Share index fell 1.2% on Friday, with resources being the biggest detractor - while Bidcorp continued to rally (+4.4%). Lots of companies reporting and we identify retailers and insurers moving into Africa. We talk #Retire and the tax benefits of being invested in a Retirement Annuity.
20
FEB
The markets were under pressure last week as the Trump trade dissipates. We find out that French government bonds are called OATs (Obligations Assimilables du Tresor). Kraft Heinz withdraws their bid for Unilever, which was up 13% on Friday... and Tempur Sealy implements a "poison pill".
13
FEB
The markets are generally bouyant after the release of decent global economic data and Trump promising cuts in corporate tax rates. Dis-chem, Arcelor Mittal and Italtile put out data last week with mixed reactions. We explain the difference between three investment styles.
06
FEB
The global market was higher on Friday, but SA closed lower - dragged lower by resource shares. Gordon Stuart calls in to give us a heads up on the Budget Speech and tax expectations. Deon Viljoen is leaving Alexander Forbes for Discovery. Watch out for comments coming from the Mining Indaba, which starts today.