WEBINAR: Global Portfolio annualised 34% return; Apple slides, Metro lags

JOHANNESBURG — Despite the Rand appreciating over 12 percent against the US Dollar following Cyril Ramaphosa's appointment as ANC president, the Biznews global portfolio maintained a 34 percent annualised return since inception over 3 years ago. The portfolio, which consists of eight stocks, saw tremendous grow over the past month in all but two. Apple, due to release results this week, lost a few percent, on concerns the numbers may not hit analyst expectations. While London-listed Metro Bank did not move. Alec Hogg explains this and more in this month's global portfolio update hosted on the Standard Bank Webtrader platform. – Stuart Lowman

https://youtu.be/hHmoFG3ZnHY

Maybe we should just touch very briefly on the big news of the moment, the Viceroy Report that's come through, which is telling us that Capitec is in trouble. Their share price was down nearly 20% the last time I looked. It does appear that the Viceroy-Effect is still pretty potent. We saw what Viceroy did to Steinhoff. I haven't had a chance to read through the report yet, I will be doing so no doubt, along with hundreds, if not thousands of other people. My feeling on Capitec though, from what I know of it and I have been down to the business. I went there 3 or 4 years ago, to go and look at what was going on there. They have a good business model.

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