🔒 Boardroom Talk – Israel’s 9/11 moment certain to escalate; Metro Bank – lesson learnt
So, lesson learned, right? When in doubt, listen to Buffett.
So, lesson learned, right? When in doubt, listen to Buffett.
The fall from grace of Metro Bank, the first UK high street banking group in over 150 years, opens a big potential opportunity for Capitec, South Africa’s R150bn banking upstart.
Were he alive today, Benjamin Graham would surely be taking a close look at two bombed out stocks which Alec’s followed over the years.
Alec Hogg unpacked the way The Establishment’s antibodies reacted against UK disruptor Metro Bank – plenty of lessons there for anyone thinking of entering that market, Brexit or not.
Warren Buffett advises investors to sell on scandal – advice that Alec Hogg has taken to heart when it comes to companies such as Steinhoff and Metro Bank.
This has been an active month for the Biznews Global Share portfolio, with a sharp deterioration in the value of the Rand boosting the SA-based annualised return to an annualised 35% since the portfolio’s formation in December 2014.
It’s an interesting but nervous time for investors as the street calls are hit or missed, with some buying opportunities on hand. Alec Hogg takes viewers through the Biznews Global portfolio, which held on to its 28% annualised growth.
The Cyril Ramaphosa effect has seen the South African Rand return to levels last seen in 2014. This, the same year the Biznews Global portfolio was launched.
Stupid bank rules aren’t restricted to the British. Alec hit into one yesterday when trying to check into FNB’s Slow Lounge at OR Tambo en route to Cape Town.
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.