Magic Markets

You want to Do Your Own Research (DYOR) , but how does that actually work in practice? Do you need to look at both technical and fundamental metrics? What are good examples of these? What about “insider” buying and selling? Does your particular trading and investing strategy make a difference to the metrics you need to look at? We answer these questions and many more in this episode of Magic Marke...

In this episode of Magic Markets, we talked about the “capital stack” in corporates and how they blend debt and equity into a capital structure that works for the business. After setting the scene with a short discussion on central banks, we covered topics like: • The equity to debt spectrum, with mezzanine finance in the middle • Examples of the types of spreads you can expect to see across diffe...

With a local relief rally putting many stocks in the green after a horrible few months, we decided to use a “guestless” show to talk about behaviours in the market and some of the differences between the North American and local markets. We also touched on the importance of trading vs. investing and understanding the different analysis required for different time horizons. With topics ranging from...

Alex Weiss of Trive South Africa is back with another five stocks around a central theme. In this case, the theme is China. Of course, we can't talk about Chinese tech stocks and platform businesses without Artificial Intelligence (AI) as another important theme. With ongoing mistrust between East and West, there is enormous development in AI in China that is running in parallel to development in...

Accompanied by regular guest Dino Zuccollo, the UK team of Richard Asherson and James Lightbody joined us on Magic Markets to give us an update on the latest capital raise in the Westbrooke Yield Plus fund and take our listeners through a case study of how some of these deals are structured. After an extraordinary pace of rate hikes by the Bank of England, the base rate in UK now offers genuinely...

Harry Scherzer of Future Forex is back on Magic Markets to give us an update not just on crypto arbitrage, but on the Future Forex business and the direction being taken. After a difficult period in which the arbitrage needed to be temporarily closed down to manage counterparty risk amidst uncertainty in the global banking system, the team is offering the arbitrage once more. They have also evolve...

Craig Antonie is certainly no stranger to Magic Markets listeners. The team at AnBro Capital Investments regularly join us to talk through stocks that are either in the portfolio or on the watchlist. As AnBro manages more than one type of fund, the watchlist can range from exciting growth stocks through to dividend paying compounders. This week, Craig decided to focus on strong dividend payers tha...

You've heard from Alexander Weiss before on Magic Markets. The impressive young market analyst at Trive South Africa has returned to the show to delve into the stocks that are at the forefront of artificial intelligence. The initial excitement around ChatGPT shows no signs of slowing down. If anything, user growth has surpassed all expectations. This trend has the potential to shape the next decad...

Growth vs. value is one of the most stereotypical debates in the market. This is with good reason, as these styles ebb and flow and the popularity of each style is usually just a function of how the market is behaving! There’s so much to learn from these two approaches, so we used the opportunity this week to discuss this topic and look at some of the core differences. This included real-world exa...

In Episode 122 of Magic Markets, we welcomed the familiar voice of Dino Zuccollo to the show. Dino is the Head of Product Development and Distribution at Westbrooke Alternative Asset Management and we’ve learnt a great deal about alternative assets over a number of podcasts with Westbrooke. This time around, we were joined by two investment professionals from Anchor Capital who were able to give u...

In Episode 121 of Magic Markets, we took the time to reflect on some of the recent insights we’ve uncovered in our research for Magic Markets Premium and our general activities in the markets. Specifically, we discussed: • The poor use of share buybacks by US companies and how this relates to stock-based compensation, allocation of capital and artificially low dividend payout ratios • The divergen...

With an obvious passion for the markets and the psychology behind them, Alexander Weiss from Trive South Africa joined us for a discussion on the banking industry. The failure of Silicon Valley Bank is still fresh in our minds, prompting a discussion around the key differences between the risk embedded in US banks vs. local (South African) banks. There are great insights here around the basic risk...

When most investors think of growth-style funds, they imagine software-as-a-service businesses and artificial intelligence. Sometimes, growth can be found in industries that are as old as time itself, like the medical field. Justine Brophy of AnBro Capital Investments returned to the show to recap two companies that we’ve talked about previously. The first is Dexcom, a company that focuses entirel...

In Episode 118, we brought the sunshine to Magic Markets. Saul Maserow and Dino Zuccollo of Westbrooke Alternative Asset Management joined us to talk about Westbrooke’s response to the solar financing opportunity that has been thrust into the limelight (or sunlight?) by the failure of South Africa’s national power utility. Westbrooke’s approach is a little different, focusing on the equity layer i...

With a background at Roubini Global Economics and extensive experience across developed, emerging and even frontier markets, Rachel Ziemba brings a wealth of macroeconomic and geopolitical experience to Magic Markets. Having worked several times in the past with our very own Mohammed Nalla, Rachel agreed to join us for a discussion on general global trends and the perception of South Africa on the...

If there’s one thing we are learning in Formula One this year, it’s that Fernando Alonso has more resilience and staying power than many international companies! Now driving for Aston Martin, a strong result in the opening race of the year certainly gave the brand a boost. It also led to many momentum and sentiment traders pulling the stock up on their screens on Monday morning, using it as an eff...

In this episode of Magic Markets, Craig Antonie of AnBro Capital Investments joined us to discuss a few energy opportunities in the US that the AnBro funds have positions in. There are both dividend- and growth-oriented funds available at AnBro, so there is something for (almost) everyone. The energy theme is a major driver of global markets at the moment, with a clear push towards clean and green...

Regular listeners of Magic Markets have learnt a great deal about alternative investments and private deals, thanks to the various professionals at Westbrooke Alternative Asset Management who have joined us on the show. Richard Asherson and James Lightbody join us this week to update us on the UK market and the conditions under which the Westbrooke Yield Plus fund operates. The focus of the fund i...

In Magic Markets, we try to eat our own cooking. When we cover stocks in Premium, it’s either because we already have a position in them or because we are interested in taking a position and want to do further research. In this episode of Magic Markets, we took advantage of a “just the two of us” situation to talk about some of the positions in our portfolios. Moe opted to talk about Visa, Disney...

A multi-asset investment platform is a complicated animal to build and operate. With considerations like getting the balance of automation and human involvement just right, through to the need to meet numerous legislative and compliance requirements, the engine room of a brokerage carries a major responsibility. For anyone interested in the behind-the-scenes reality at a financial services institu...

Guess what? The hype machine is back in the market, this time focused on the exciting new world of Artificial Intelligence (AI). Some of the intelligence is artificial indeed, with any company that has “AI” in its name trading higher this month, regardless of what AI stands for! There’s nothing more dangerous than a market that is chasing the Next Big Thing. Momentum traders have a field day, but...

For founders and executives, raising capital is always a hot topic. Cash is the lifeblood of any organisation and the “capital stack” is an important and complicated area of finance that far too many entrepreneurs don’t have a proper understanding of. After several podcasts with the Westbrooke team members, in which we have learnt about the different investment mandates in the group and how they o...

As we get ready to sign off on the first month of 2023, Petri Redelinghuys from Herenya Capital Advisors joined us to talk about the mood of the traders in the community and some of the ideas and strategies that they are putting in place. We also talked about the South African economy and the obvious impact of load shedding, with some long-term silver linings thrown in for good measure. As the fou...

Trive South Africa offers a gateway to the JSE and global markets. Providing an in-depth online trading experience, Trive exists to empower progression. You can simply and securely trade and invest in JSE and US stocks and leveraged products, or invest in tax free savings accounts. Travis Robson is the CEO of Trive South Africa and he joined us on Magic Markets to discuss: • The types of stockbrok...

If you can imagine the worst possible year for anything, then you’re starting to understand what 2022 was like for investors in growth stocks. The combination of rising interest rates and inflated valuations at the start of the year meant that investors suffered drops of 30% (and more) across many of the “growth” names in the portfolio, including the world’s leading tech companies. Investing requi...