Sasol to sell its Gemini stake for $404m to its US partner – Business Day
Chemicals and energy group Sasol has agreed to sell its 50% stake in US-based polythene business Gemini for $404m (R6.2bn), the latest disposal as the group seeks to cut debt and avoid tapping shareholders. Article by Karl Gernetzky and Lisa Steyn with commentary from Abdul Davids – portfolio manager at Kagiso Asset Management. view article
Omnia gets its chemistry right in hard lockdown – Business Day
Chemicals, fertiliser and explosives group Omnia is upbeat about SA’s agricultural prospects, expecting sustained demand for inputs as favourable weather and prices underpin the sector. Article by Alastair Anderson with commentary by Aslam Dalvi – portfolio manager at Kagiso Asset Management. view article
Sasol to sell part of Lake Charles project as it mulls rights issue – Business Live
Chemicals and energy group Sasol has entered into a $2bn (R33bn) agreement to sell part of its Lake Charles business to multinational chemicals group LyondellBasell. By Karl Gernetzky and Allan Seccombe with insights from Abdul Davids – portfolio manager at Kagiso Asset Management. view article
Mondi’s earnings slip despite cost cuts – Business Live
Analysts, however, are positive about the paper and packaging group, saying it is well run, cash flow generative and resilient. Article by Karl Gernetzky with commentary by Dirk van Vlaanderen – portfolio manager for Kagiso Asset Management. view article
Boutiques are better…right – Blue Chip
The debate about whether it is better to invest in a boutique manager or a larger more established manager has been argued for years. It joins the list of value vs. growth, onshore vs. offshore, small cap vs. large cap, flat fee vs. performance fee and many other hotly contested comparisons. James Downie addresses the […]
Options amid the rubble – Financial Mail
There were some surprising names among the stocks that slunk to new 12-month lows this week. One might have thought that pretty much all the bad news was already priced in at cement maker PPC, food counter RCL and packaging stalwart Nampak. Not quite, it seems. Written by Marc Hassenfuss. view article
Platinums new sweeter spot elicits multiplicity of optimist analyst views – Mining Weekly
The new sweeter spot that platinum group metals (PGMs) has entered drew a multiplicity of mainly optimistic viewpoints from analysts attending the virtual PGM Industry Day. Chaired by business development manager Rand Merchant Bank Henk de Hoop, the viewpoints were provided by Standard Chartered Bank executive director precious metals research Suki Cooper, Prudential portfolio manager […]
Conditions are ripe for investors taking a contrarian approach – Business Day
It’s time to diversify with a strategy that swims against the prevailing market tide. Not many fund managers call themselves value managers any more, other than a few diehards such as John Biccard at Ninety One, where his franchise has a place as one of the more exotic dishes — a hot vindaloo perhaps — […]
Huge divergences in share prices mean you need to know your manager – Business Live
Where the market is overly optimistic returns are borrowed from the future while areas where there is pessimism can deliver good future returns. By Laura du Preez with commentary from Gavin Wood – CIO for Kagiso Asset Management. view article
Numbers of choice for stock pickers – Personal Finance
They say numbers don’t lie, and the numbers on a company’s financial statements can reveal whether or not it really is a worthwhile investment. Mark Bechard asked asset managers which numbers they use most when assessing a share. Compiled by Mark Bechard with commentary by Abdul Davids – head of research for Kagiso Asset Management. […]