When Mr Market panicked in March as Covid-19 propaganda reached fever pitch, anyone who kept their cool would have seen opportunity. Those who benefitted most were investors who had done their homework on individual stocks, so knew where to pounce.
Read also: Alec Hogg: Amazon now targets luxury – will Richemont investors blink?
As an independent voice in a world infected with extreme agendas, at BizNews we’ve long relied on Cloudflare to protect our website. It has never failed us – indeed, when one particularly odious “asset damager” recruited highly paid online mercenaries, the Cloudflare team relished the opportunity to shine. Which, as always, they did, beating off the would-be hackers in double quick time.
___STEADY_PAYWALL___
Experiencing the company’s excellence first-hand nudged me towards the stock. But by normal valuations, the elevated price always seemed to make it too expensive. Then came the March panic and, at $17 a share, Cloudflare became irresistible. The stock was added to the BizNews portfolio along with Sasol at R28; Discovery at R67; and Spotify at $120. Once again, Cloudflare delivered.
Read also: Alec Hogg: Washington’s attack on Big Tech may boost their share prices
Last night, Cloudflare announced a revolutionary new product, online protection for logging-in devices of remote workers. Its share price jumped 23% on the news, pushing the market cap of this $287m annual revenue business to an astonishing $17bn. But given the transformative nature of its made-for-the-times invention, that rating suddenly no longer appears quite so outrageous.
For your attention today…
FOR DOWNLOADING…
* Billionaire entrepreneur and an heir to his famous family’s business empire Rob Hersov (above) clearly doesn’t take himself too seriously. He features in the latest episode of the Alec Hogg Show. “Must listen” is overused, but in this case it’s accurate. Now available for downloading here: https://www.biznews.com/thought-leaders/2020/10/12/rob-hersov
* Yesterday’s Rational Radio webinar with Sanlam’s new CEO Paul Hanratty is in a similar category. Not least because of the way he explains his much criticised remuneration package. Like Koos Bekker and Sanlam predecessor Johan van Zyl, the new Sanlam CEO traded his salary for the maximum possible equity upside. That can’t be a bad thing for shareholders in a stock that’s gone nowhere in the past five years. Here’s the link to the recording of the webinar: https://www.youtube.com/watch?v=Zv2T26jloMA
WEBINAR ALERT…
* At noon today I host Martin Freeman and Justin Clarke from our business partners OrbVest, the $400m US medical property investment company whose returns have endeared them to many South Africans. The duo will be taking the wraps off the latest building, their 29th and first in the “retirement state” of Arizona. The minimum investment is $5 000 (R80 000). Register here to attend the webinar: https://attendee.gotowebinar.com/register/8416944439687108877
DOWNLOAD THE FREE BIZNEWS.COM APP
Click on the links below to download your own BizNews.com App:
Apple: https://apps.apple.com/za/app/biznews-com/id1517392839
Android: https://play.google.com/store/apps/details?id=com.goodbarber.biznews&hl=en
