BankerX Broadcast

2022-02-25 19:23:34 Open / Comment

2022-02-25 17:43:01 Open / Comment

2022-02-25 17:39:13 New episode of Bankbros!!!

https://open.spotify.com/episode/772z7kXg9kx0VKl80mcQpJ?si=gs1qpAJjT5OqDiokvG0vxA

https://podcasts.apple.com/za/podcast/streaming-wars-part-1/id1580782000?i=1000552222899 Open / Comment

2022-02-25 10:36:08 Friday, 25 February 2022 - 60 Second Finance

1) One of the more important sub-plots of the ongoing conflict between Russia and Ukraine is the oil price. Russia is the 8th largest oil reserves and largest oil shale reserves in Europe, and the risk of supply-side shortages has resulted in Brent crude going up more than 31% in 2022.

2) In completely unsurprising news, the life of South Africans is only getting tougher. With increased oil prices and a weakening Rand (The ZAR was down 2.28% at R15.46 against the US Dollar) set to increase fuel prices, the National Energy Regulator of SA (Nersa) announced that it has approved Eskom’s revenue application for 2022/2023 which will see electricity tariffs rise 9.61% from April 1. It's insane to think we're paying more for electricity that we may not get. It's even more insane to think that Eskom had applied for a 20.5% price increase for 2022/2023.

3) Remember Elon Musk's Twitter poll on in November 2021 on whether he should divest a large percentage of his own holding at Tesla? Kimbal Musk, Elon's brother sold 88,500 Tesla shares worth about $108m the day before the Twitter poll. There are now accusations of insider trading. The Securities and Exchange Commission (SEC) is conducting an inquiring.

Look at Elon paying tribute to the corrupt politicians and businessmen in SA Open / Comment

2022-02-24 09:47:17 Thursday, 24 February 2022 - 60 Second Finance

1) The big news this morning is that Russia has started military operations in Ukraine. Global markets have all bombed, with oil and gold soaring and cryptos crashing. It seems like the hypothesis that cryptos are a hedge against traditional market risk has been emphatically disproved.

2) Yesterday was also the South African budget speech. Despite strong commodity prices resulting in higher than expected tax revenues (from strong performing mining companies), SA’s government debt problem was once again highlighted. SA now has R~70 000 in public debt for every person living in SA

3) Another South African company caught hands in Australia. WBHO announced that it will no longer provide financial assistance to WBHO Australia (WBHOA) which will be been placed into administration (business rescue). This is after WBHO provided R2bn in financial support and failed to find a buyer.

5) Following the theme of strong earnings by mining companies, Rio Tinto has delivered the second-biggest dividend payout in UK corporate history Open / Comment

2022-02-23 09:36:19 Wednesday, 23 February 2022 - 60 Second Finance.


1) Naspers Foundry invested R15 million investment in Floatpays, an on-demand earned wage access platform that helps customers build financial wellness and support employees through the difficult periods of financial strain, like living in SA for the past 15 years

2) Sasol came out with its interim results for the six months ended 31 December 2021. Guess what? No dividend will be paid and headline earnings have fallen 20%. Sasol hasn't paid an interim or final dividend since 2020. As at 31 December 2021, Sasol's total debt was R109,2 billion. We might have to wait a little longer for the dividend? (We promise we're trying to find good news for the SA shareholders but there's very little and we have jobs to do)

3) Oil prices reached their highest since 2014 on Tuesday as tensions between Russia and Ukraine escalated. Brent crude (global benchmark), touched $98.87 vs the $99.38 it saw in September 2014. No doubt Russia, with the 8th largest oil reserves and largest oil shale reserves in Europe, won't be too upset with that news

4) There is no break for South Africans. SANRAL (state-owned roads agency) has announced a 5% toll tariff hike. The proceeds from this will not be used to fix any of the roads but rather to service debt incurred to roll out other tollway projects. Looks like we're still playing minesweeper when driving at night Open / Comment

2022-02-22 15:49:26 In case you missed it yesterday, the new episode of BankBros is out!!!

https://podcasts.apple.com/za/podcast/tinder-swindler-part-2/id1580782000?i=1000551768352

https://open.spotify.com/episode/0f2XzXKl5L9NjZ1jtS5oUB?si=gbLjNUeLQw-580JEb3_Aew Open / Comment

2022-02-22 09:31:38 I know we all love a debate on exec pay here, so I’ll toss this grenade at you. Naspers’ CEO has earned roughly R250 mil a year over the last few years, due primarily to stock price increases, which were more than 100% due to Tencent’s growth (which he has no operational influence over). Now that things don’t look so rosy at Tencent, should serious questions be asked about why the business is still so dependent on one asset for all its value? Open / Comment

2022-02-22 09:26:53 Tuesday, 22 February 2022 - 60 Second Finance.

1) SAA is set to get R3.5bn from the SA Government (yes, the same SAA, the same government, and more billions) ahead of a sale and operational takeover by Takatso Consortium which the Department of Public Enterprises insist is not a bailout. Important to note that Takatso Consortium will get a controlling stake of 51% in SAA while govt keeps all the debt and 49%.

2) The Minister of Finance is set to table his Budget on Wednesday, and there’s optimism that it will be more appetizing than what he’s predecessor has been tabling for dinner. Analysts expect some minor tax relief, and for the budget deficit to begin to tighten

3) Much like your boyfriend during the month of Feb, Aveng continues to disappoint. Earnings for the 6 months ended 31 Dec 2021 fell to R53m from R438m in the same period in 2020 and headline earnings fell to 14c per share from 226c per share. The share price didn't like this and closed 4.83% weaker on Monday.

4) Naspers and Prosus shareholders were punished again on Thursday. Tighter tech regulations in China impacted their golden goose Tencent. Both are now down ~42% in the last 12 months Open / Comment

2022-02-21 09:39:50 Monday, 21 February 2022 - 60 Second Finance

1. We’ve been in unprecedented times for almost two full years now, and some of the financial services companies most impacted seem to be bouncing back. Discovery, Santam and Capitec are all expecting significant upticks in earnings as business starts to return to the new normal

2. Conversely, Massmart (the M is silent) are expecting a sizeable loss for the year, mostly due damages during the unrest in SA last year. They’re also trying to turnaround a few underperforming franchises, like Game, their junk electronics, clothes and rickety sports equipment retailer

3. Oil and gold are expected to pull back a little as the US and Russian presidents agreed to a summit, on the assumption that Russia does not invade Ukraine. It’s the diplomatic equivalent of agreeing to go on a date with the school bully so he will stop beating up your cousin.

4. It’s a big week for results in SA, particularly for the mining and industrials players. Sasol, AngloPlat, Anglogold Ashanti and Aveng are all releasing interim or final numbers Open / Comment