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Prodigy Asset Management

  • Two to Buy with None to Sell this week!
  • The Rand strengthened 3.3% last week on a weaker US Dollar, higher appetite for risk assets and a court ruling indicating President Zuma could face corruption charges - that were previously withdrawn. Support for Cyril Ramaphosa as the ANC's next leader is growing. A Bloomberg survey of 26 political analysts has 16 of them expecting Ramaphosa to pip Dlamini-Zuma - with which we concur. A Ramph... ››› more
  • [17 October 2017]
  • The state of our nation + 3 to buy and 2 to sell
  • The JSE Top 40 closed the week down 1,5%. Higher commodity prices; Gold, Silver and Brent Oil were up more than 2%, while Platinum managed 1,6%. These were not enough to save the Resources Index (down 3%) from a stronger Rand. Industrials and Financials were also softer. Anglogold up 9,3% and Harmony 9,5% responding to a firmer Gold Price (up 2,5%). PSG rallied 6%, see comment below. ... ››› more
  • [22 September 2017]
  • Commodities take a step lower - Three to buy and one to sell
  • Commodities take a step lower Brent oil led the commodity basket lower last week, losing 8,1%; Platinum and Gold were down 5,7% and 2,4% respectively. Although the Rand softened, the pressure was too much for the JSE All Share Index which fell 0,8%. Resources fell 5,5%, but the rest of the sectors held up well. International indices were slightly softer across most time zone... ››› more
  • [22 September 2017]
  • "Triple Witching" stirs local market rally- Two to buy and two to sell
  • “Triple Witching” refers to the combined expiration of the Index futures, Index options and stock options. In the UK and US this happens on Friday's, but in SA it happens a day earlier on Thursday. The event typically creates increased market activity and in some cases volatility. Global markets were relatively subdued for last week's expiry, the US, UK and European majors were firmer by b... ››› more
  • [22 September 2017]
  • Buy this fast-growing Money Manager before it rallies 32%
  • I banked returns of 100%, 225% and 585% on this Money Manager before and it's time to do it again. You see, I first bought a boat load of this company's shares for my clients when it IPO'd in 2014 at R3.05, followed by purchases all the way up to a little over R9.00. I started selling as it rallied above R16 and made them phenomenal returns in a very short period. We are still holding a small p... ››› more
  • [22 September 2017]
  • Moving swiftly along - Three to buy
  • A week of heightened protests has ended and the ANC Cadre are holding the fort, for now. Their confidence masks the growing dissension from all sides, including members of its own party, eventually pressure will come to bear. Fitch followed S&P in downgrading SA, but again the reaction was relatively muted. Clearly the market had been preparing for this eventuality. Of more concern is that som... ››› more
  • [22 September 2017]
  • A Tale of Two Halves - Three to buy with updates
  • The JSE's Top40 index closed the first half of the year slightly positive at 0.8%. The Industrials were the leaders of the pack as the only major sector to rack up a positive return of 6.4% while resources were underwater by 9.6%. The entire market has been propped up by a handful of top performing shares like Naspers, Richmont, BATS, BidCorp, Mondi and Capitec. The interesting thing to note i... ››› more
  • [21 September 2017]
  • US interest rates, Three to buy and one to sell
  • US interest rates on the rise. Fed Chair Janet Yellen provided testimony last week indicating a high likelihood of another US interest rate hike in March. The markets are now pricing in a 0,25% hike. The US dollar is strengthening again. Local markets were flat over the week. The All Share squeezed out a gain of 0,1%, Resources were similar and Industrials down marginally (0,5%), Fin... ››› more
  • [16 March 2017]

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