Magic Markets

The Finance Ghost and Moe-Knows discuss key market trends across stocks, currencies, fixed income, ... more

Latest Episodes

64

February 23, 2022 00:26:00
Magic Markets #64: It's a stock picker's market

Magic Markets #64: It's a stock picker's market

2022 is clearly a stock picker’s market. The days of throwing darts and making money are behind us. With that in mind, the hosts decided to talk through some of the current themes in the market and what it means for their portfolios. Covering a wide variety of topics ranging from Russia and Barloworld through to Bitcoin and the great Tesla vs. Ford debate, this episode of Magic Markets is your invitation to be part of a trading room-style discussion about the top-of-mind issues in the markets. ...

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63

February 16, 2022 00:27:05
Magic Markets #63: Balancing balance sheets

Magic Markets #63: Balancing balance sheets

We are thrilled to have Westbrooke Alternative Asset Management as a brand partner to Magic Markets. With over R8 billion in assets under management across South Africa, the UK and the USA, Westbrooke provides a unique gateway to the world of alternative investments. Dino Zuccollo (Head of Product Development and Distribution at Westbrooke) first joined us on Ep59 to discuss an overview of the Westbrooke business. In Ep63, Dino is back to delve into some of the more technical concepts in detail. We kick off with a discussion around liquidity in this asset class, a question raised by a listener on Twitter. There are important points noted around overall portfolio construction and strategy and how an alternative portfolio fits into that. We then move on to discuss the various tiers in a balance sheet, ranging from debt to equity and all the mezzanine structures inbetween. This is a fascinating space. Westbrooke specialises in innovative financing that touches all these elements, making it an attractive option for both investors and those looking to raise finance for businesses and projects. Visit www.westbrooke.co.za to find out more. Westbrooke Alternative Asset Management is an authorised Financial Services Provider, FSP number 46750. ...

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62

February 09, 2022 00:24:31
Magic Markets #62: Afrimat - a track record as Hotazel

Magic Markets #62: Afrimat - a track record as Hotazel

With a share price and earnings track record that puts most companies to shame, Afrimat is widely regarded as a company with excellent capital allocation discipline and focused strategic execution. Starting in the construction industry, Afrimat has evolved into a strong mid-tier miner. Afrimat’s secret lies in owning a diversified portfolio of counter-cyclical businesses. The overlay of this cyclicality, when viewed in aggregate, creates a more attractive earnings profile and de-risks the entire operation. A conservative approach to the balance sheet has also been key to success. In Episode 62 of Magic Markets, we welcomed Afrimat CEO and founder Andries van Heerden to the show. This is a rare opportunity to tap into the mind of a top executive, with plenty to learn along the way for all of us. ...

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61

February 02, 2022 00:20:55
Magic Markets #61: The Fed flip-flop

Magic Markets #61: The Fed flip-flop

Stock-picking is a fun game that we all like to play. Here’s the thing: if you don’t keep an eye on the macro environment, then you don’t know which stream your stock fish are swimming in and how strong the current is. No matter where in the world you invest, your performance will be impacted by the decisions made by the Fed in the US. Make no mistake, the Fed is always topical. In 2022, the Fed is more than just topical; it is dominating the narrative. The yield curve has a material impact on equity performance, especially in the tech sectors that investors have focused on during the pandemic. In Episode 61 of Magic Markets, we discuss the recent moves by the Fed and what the market is expecting in 2022. We also explain a number of key concepts related to the Fed and do a bit of jargon-busting along the way. ...

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60

January 26, 2022 00:23:37
Magic Markets #60: Performance of our Premium Picks and Puts

Magic Markets #60: Performance of our Premium Picks and Puts

Magic Markets Premium has been around for just over three months now. In that time, we’ve looked at a number of incredibly interesting global stocks. In this show, we reflect on the conclusions we reached on some of the earlier shows and how things have played out in the market. A feedback loop is critical to keeping yourself honest in the market. In this show, we look back at the likes of Nike, Monster Beverages, Etsy and more. Join us to get a taste of the type of work we do in Magic Markets Premium and to see whether our process gives us the “right” answer. ...

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59

January 19, 2022 00:25:27
Magic Markets #59: The Westbrooke Alternative

Magic Markets #59: The Westbrooke Alternative

We are thrilled to welcome Westbrooke Alternative Asset Management as a brand partner to Magic Markets. With over R8 billion in assets under management across South Africa, the UK and the USA, Westbrooke provides a unique gateway to the world of alternative investments. This is a fascinating space including assets like private debt, hybrid capital, real estate, private equity and venture capital. As the world shudders at the combination of high equity prices and low interest rates, alternative assets offer an interesting portfolio diversification opportunity. Westbrooke will join us once a month on Magic Markets to unpack different areas of alternative investments. In this first show, we meet Dino Zuccolo (Head of Product Development and Distribution at Westbrooke) and discuss an overview of the types of investments in this space and how they address the challenges of correlation in a portfolio. Visit www.westbrooke.co.za to find out more.Westbrooke Alternative Asset Management is an authorised Financial Services Provider, FSP number 46750. ...

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