This week was supposed to be all about the budget but instead the invasion of Ukraine has taken over headlines. I spoke with Chantal Marx from FNB about stocks under pressure owing to this war, but also the potential ‘winners’. Local platinum group metals (PGMs) miners should benefit as Russian sanctions will cut off a chunk of global PGM supply.
We started the week with a chat with Keith McLachlan from Integral Asset Management on profiting from delistings. The obvious is the discount to take over price but he also had some pointers for trying to predict the next delisting, getting in ahead of the announcement and price jump.
Construction stocks were all over the news with disappointing results (Aveng), disappointing updates (Murray & Roberts*) and news of exiting Australia (Wilson Bayly Holmes-Ovcon). I spoke with Alex Duys of Umthombo Wealth on the first two companies and asked if there is value even as current numbers disappoint.
I also spoke with Sean Sanders, CEO and founder of Revix, on bitcoin as an inflation hedge. So far it’s not acting as such, but he pointed out it is still early days and if inflation remains high bitcoin may step into the breach as an inflation hedge. He also brought us up to speed on Luna, a new altcoin Revix is listing.
Also this week:
Kelin Pottier from 10X Investments on ring-fencing income from tax
KAP Industrial CEO Gary Chaplin on interims and an expected strong year ahead
The writer holds Murray & Roberts stock