Recap: Simon Property Group


In our final report for 2023, we look back on Simon Property Group. This is the apex predator in the US when it comes to retail property, owning a vast portfolio of high-end malls and investments in various other portfolios around the world. This puts the group at the centre of macroeconomic concepts like consumer spending, inflation and yield curves. What has this meant for the share price this year and the prospects in 2024?

Recap: Simon Property Group2023-12-20T18:14:16+02:00

Magic Markets Ep152: Walmart and Target


In episode 152 of Magic Markets, we’ve lined up a battle of the retail giants – Target vs. Walmart. Although we haven’t covered the former yet in Magic Markets Premium, we’ve covered Walmart and some of its largest competitors, like Costco. This week's show unpacks why Target massively beat expectations and some interesting trends in product categories. We also unpack why we need to look at constant currency results and the impact of inflation trends on these companies. There's alot to learn here. Join us.

Magic Markets Ep152: Walmart and Target2023-11-22T21:44:44+02:00

Magic Markets Ep151: Balwin, Calgro M3 and D.R Horton


This week, we’ve got property on our minds – buying it, renting it and even building it from the ground up. While Ghost is bringing homegrown insights from locally listed property investors Balwin and Calgro M3, Moe is discussing D.R Horton (no relation to Dr. Seuss), a home construction company headquartered in Arlington, Texas.

Magic Markets Ep151: Balwin, Calgro M3 and D.R Horton2023-11-15T20:13:43+02:00

Prologis: Safe as Warehouses


As the world’s largest owner of logistics and warehousing property, Prologis has been enjoying the tailwind from a structural shift to eCommerce. With a strong balance sheet and lots of strategic optionality, the company has achieved surprising growth from an asset class that many see as boring.

Prologis: Safe as Warehouses2023-04-26T22:28:14+02:00

Magic Markets Ep114: Private Debt and Property in a Rising Rate Environment


Regular listeners of Magic Markets have learnt a great deal about alternative investments and private deals, thanks to the various professionals at Westbrooke Alternative Asset Management who have joined us on the show. Richard Asherson and James Lightbody join us this week to update us on the UK market and the conditions under which the Westbrooke Yield Plus fund operates. The focus of the fund is capital preservation, and with it now turning 5 years old and having consistently delivered in the target return band of cash plus 5% to 7% in GBP, we wanted to go deeper into the success [...]

Magic Markets Ep114: Private Debt and Property in a Rising Rate Environment2023-03-02T00:09:15+02:00

American Tower: Mixed Signals


Use the podcast player below to listen to our discussion on American Tower and its Q3’22 result, which accompanies the detailed write-up below: (Date of report: 1 December 2022) In the US, the REIT sector has numerous examples of companies that aren’t traditional property businesses. American Tower falls into this category, leasing out telecommunications infrastructure rather than shopping malls or office buildings. With a global footprint and an extraordinary history of growing dividends, a cursory glance would suggest that American Tower is an obvious underpin to any portfolio. A closer look raises a few concerns about whether the company’s best days [...]

American Tower: Mixed Signals2022-11-30T22:10:58+02:00

Lennar: value in the cycle


Use the podcast player below to listen to our discussion on Lennar and its Q3’22 result, which accompanies the detailed write-up below: (Date of report: 29 September 2022) Rates are higher. The world is scared. A recession is on everyone’s mind. Yet, here we are, looking at a company that builds homes in the US. Is this a suicide mission? Or, is the market just too pessimistic? It may not be obvious at first blush, but there are reasons to believe that Lennar might be interesting at these levels. It’s even more interesting with a bit of patience. Elevator pitch Homebuilding: [...]

Lennar: value in the cycle2022-09-28T22:58:49+02:00

Magic Markets Ep95: Money in a Bear Market


One of the benefits of trading is that you can make money in a bear market, as long as you are either prepared to take short positions or wait for an elusive bear market rally. Those rallies can disappear as quickly as they arrived, taking many victims with them along the way. In this markets discussion with Petri Redelinghuys of Herenya Capital Advisors, we talked about everything from his oil view through to the risks in the UK property market. We also discussed the advice he gives most of the traders at Herenya, which is to be careful during a bear [...]

Magic Markets Ep95: Money in a Bear Market2022-09-28T22:30:21+02:00

Simon Property Group: A place to hide?


Use the podcast player below to listen to our discussion on Simon Property Group and its Q1’22 result, which accompanies the detailed write-up below: (Date of report: 19 May 2022) Inflation is on a rampage and taking markets with it. There's a bloodbath everywhere you look. We've been almost entirely bearish on the valuations of companies we've covered in Premium and now you can see why. Market corrections can be hideous things. The best thing to do right now is build up a shopping list for when things calm down. In times like these, investors look for assets that can withstand [...]

Simon Property Group: A place to hide?2022-05-19T00:21:54+02:00

Magic Markets Ep20: Buy-Toi-Let


In Episode 20 of Magic Markets, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) discuss property investing and their respective views on whether buy-to-let is a good idea. The Finance Ghost likes to call it "buy-toi-let" instead, which gives you a clue into what he thinks about the idea. With fascinating real world insights into the property market in developed countries vs. South Africa, Episode 20 focuses on an area of interest for many investors: property investment. Of course, there are a few references to listed companies too. The hosts can't help themselves. http://  

Magic Markets Ep20: Buy-Toi-Let2021-09-07T12:10:15+02:00
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