Daily Market Blog: Connection Costs

27-MAR-15

"The company have invested 30 billion Rand in their networks to improve the quality, why shouldn't people pay more? I am sure that if they are all peeved when the contract ends, they can go look elsewhere for a better deal, 30-40 Rand extra a month is hardly a kings ransom for contracted customers. More especially if your service has improved relative to the fixed line competition."






To market, to market to buy a fat pig. I was quite interested in the Crossing Wall Street email from overnight to see that over the course of this month there has not been a single day (on the S&P 500) of back to back gains. It is the single longest period, says Eddy Elfenbein, for nearly twenty years. Whilst markets have not really been that volatile over the time period, you certainly get the sense that this is a fair amount of yes-wait-no. Running between the wickets. I was once runout without facing a ball (I was ball watching), as the batsman facing shouted go. Go sounds like no. So perhaps Eddy should have titled this piece go-no-yes-wait-slow. Over the last one month the S&P 500 is down over two and a half percent, locally the market has had a pretty torrid two weeks, in part the Rand strengthening. The Dollar has weakened, not too much to do with the domestic economy.

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Stocks which we currently recommend

Amazon.com is the world's leading online retailer.

Apple is global leader in tablet and smartphone technology.

Aspen is a rising global star in generic pharmaceuticals.

BHP Billiton is the world's largest industrial commodity mining company.

Bidvest is a diversified services company, which may re-organise its portfolio.

Cerner provides IT solutions in the healthcare industry.

City Lodge is a growing mid-priced hotel group in urban areas of SA.

Discovery is a healthcare services administrator and life insurer.

Facebook is a dominant social media platform provider.

Famous Brands is SA's largest quick-service restaurant group.

General Electric is a diversified investment holding company.

Google is the world's biggest search engine and online advertising platform.

Johnson & Johnson is the largest consumer healthcare and pharma company.

L'Oreal is a world leader in the manufacturing and sale of beauty products.

Luxottica is the world's largest branded sunglass maker and retailer.

MTN Group is an emerging markets mobile telecoms giant.

Massmart is a big-box discount retailer in Africa, now 51% owned by Wal-Mart.

Mediclinic owns hospitals in SA, the UAE and Switzerland.

Naspers is an in emerging markets company focussed on digital TV & Internet.

Nike is a global designer and retailer of sporting equipment.

Omnia is a fertiliser and explosives producer.

Richemont is a luxury brands company expanding in Asia.

Sasol is a global player in chemicals and fuels technology.

Starbucks is a roaster, marketer and retailer of coffee.

Stryker makes hip and knee joint replacements and hospital beds.

Tiger Brands is a basic and branded food producer, expanding through Africa.

Visa is a global payments technology company.

Woolworths is SA's leading organic food retailer & clothing business.

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