Re-Rate

While I have had numerous failed calls (You know I have posted about those before), Tiger Brands has to be one of the highlights of my year. I originally recommended this as a short/sell In February 2018 when it traded around R455. The idea was a combination of technical vulnerability and fundamental overvaluation as the business traded in a tough consumer environment. Not to mention a management team that has not lived up to expectations.    Taking a longer term view, I remain somewhat uncomfortable with the technical setup on the share. It trades about R30 above the next major support (R235) - a level if which fails to hold could open up an average of R185 on the share. Year-to-date we have broken two significant trend lines: (1) the one that goes back to April 2003 and (2) the one that goes back to February 2014 and while the 20-year trend line is yet to have been breached, it's RSI already in bear territory. There is an alternative: a possibility that the ...

METRIC MINUTE: Publicly Traded Money Managers - Ranked by AUM to Market Cap (%). Legg Mason is the least expensive (0.35%). Coronation Fund Managers, while it offers the 2nd highest dividend yield, it trades well above it's peer average (3.37%).

The rapid rise in the use of wearable technology has created new avenues of revenue for various market players globally. From fitness, fashion and leisure to the healthcare sector, the growth of the sector is a long term secular trend that has hold plenty of runway for companies who are position to take advantage of the advancement and adaption to mega-trend. According to IDTechEx Research, wearable technology mainly concerns electronic devices, apparel and textiles - an industry will see three-fold growth from over $24 billion today to over $70 billion in 2025. The dominant sector will be the increasingly merged healthcare/medical and fitness/wellness sectors, which will exceed the advanced infotainment sector in value if not in numbers. One of the companies investors could consider putting to their portfolios in order to gain sector exposure is FitBit Inc (Code: FIT) a technology company, provides health solutions in the Unit...