Daily Market Blog: Nigerian funk for MTN

23-OCT-14


"And it is about Nigeria, where (as per the release), there was Constrained subscriber growth ... as a result of regulatory pressure. Continued unrest in the northern part of the country and indeed the aforementioned pressures as a result of a "dominant operator" ruling in Nigeria, saw a modest decrease in the subscriber base of around 85 thousand customers to 58.363 million."






To market, to market to buy a fat pig. Ummmm ... I read a headline that investors were worried as a result of shots fired in the Canadian capital, Ottawa, at the parliamentary buildings. I guess this is no matter to be taken lightly, for Cpl. Nathan Frank Cirillo and his family it is the end of the world. All he was doing was guarding the tomb of the unknown soldier, a War Memorial, and by guarding I mean standing unarmed. He was shot by some crazy person, who had multiple drug related charges -> Alleged Ottawa shooter apparently had criminal past in Quebec, was repeatedly brought in on drug charges. Sigh. Guns and unstable people, we know more than a little about that in these parts.

I guess the long and the short is that if you get someone who can get that close to one of the leaders of the world, who presides over the 13th largest economy on the planet, that is cause for some concern. Earnings ultimately set the levels, Boeing took some heat yesterday, the stock was down nearly four and a half percent. In the end, the Dow was down in the second half of the session, down by 0.92 percent. The broader market S&P 500 lost three quarters of a percent on the day, well over one percent on the day from the high point.

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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.

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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