In Episode 53 of Magic Markets, we kicked things off with a brief discussion on Jerome Powell (who is now apparently considered “hawkish”) and the Turkish Lira, which is rather broken.
We then moved from fiscal balance sheets to company balance sheets. In particular, we explored what happens when bad balance sheets happen to good people.
In the aftermath of the pandemic, we’ve seen companies struggle with unsustainable debt. In some cases, this is an opportunity for large new equity investors or existing anchor shareholders to increase their stakes at a depressed valuation.
By working through examples like Tongaat, Brait and EOH, we show how important the balance sheet can be.
Magic Markets is your invitation to be part of our discussions on macro themes and company-specific news in the markets.
Craig Antonie of AnBro Capital Investments has joined us before on Magic Markets. In Episode 11 (February 2021), we learnt about his approach to...
There were some big moves in the market this week, including an interesting situation where both equities and yields dropped in the US. That's...
This episode of Magic Markets is brought to you by data and process automation specialists B2IT. The company makes robots so that people don’t...
