ARK Big Ideas report 2022 (#479)

02/03/22 • 18 min

Simon Shares

PGMs are on the move, most notably palladium and rhodium. But the miners are not.
Combined Motor Holdings* (JSE code: CMH) strong trading update.
MTN (JSE code: MTN) vs. Vodacom (JSE code: VOD) updates. Who's winning?
Strong Astral (JSE code: ARL) update, but for the half ending March - so off low base.
Ascendis (JSE code: ASC) looking to sell three businesses, but that won't leave much behind.
OPEC+ agrees to a 400k barrel/day increase from March, this was the initial plan from last year.
The local CPI basket is changing.
Satrix is listing an India ETF, currently in IPO.
The local prime interest rate increased 0.25% last week. This adds R152 per R1million of a bond. Not a lot, but this is the second one already and we have many more coming.
The ARK Innovation ETF (NYSE code: ARKK) has had a tough year and at a point, in January, it was behind the Nasdaq over the life of the fund and it is trailing the Nasdaq over one and three years. That all said, they publish all their research and released their Big Ideas 2022 report which is well worth the read.

Simon Shares

PGMs are on the move, most notably palladium and rhodium. But the miners are not.
Combined Motor Holdings* (JSE code: CMH) strong trading update.
MTN (JSE code: MTN) vs. Vodacom (JSE code: VOD) updates. Who's winning?
Strong Astral (JSE code: ARL) update, but for the half ending March - so off low base.
Ascendis (JSE code: ASC) looking to sell three businesses, but that won't leave much behind.
OPEC+ agrees to a 400k barrel/day increase from March, this was the initial plan from last year.
The local CPI basket is changing.
Satrix is listing an India ETF, currently in IPO.
The local prime interest rate increased 0.25% last week. This adds R152 per R1million of a bond. Not a lot, but this is the second one already and we have many more coming.
The ARK Innovation ETF (NYSE code: ARKK) has had a tough year and at a point, in January, it was behind the Nasdaq over the life of the fund and it is trailing the Nasdaq over one and three years. That all said, they publish all their research and released their Big Ideas 2022 report which is well worth the read.

Simon Shares

PGMs are on the move, most notably palladium and rhodium.
Oil also still moving, remember the ETN for that.
Cashbuild (JSE code: CSB) update shows the pandemic home improvement boom is over.
ArcelorMittal South Africa (JSE code: ACL) update sees them into profit and on a PE of under 2x.
Steinhoff (JSE code: SNH) settlement approved, but still lots of debt.

Markets are spooked

Upcoming events;

Simon Shares

Great Sappi (JSE code: SAP) results.
Strong Hudaco (JSE code: HDC) results.
Top40 is trading at all-time highs, as is Resi10 and MidCap is almost there.
Kastle back to work barometer shows office attendance in the US is still not back to levels from before the most recent pandemic wave and around 33% (on average) of pre-pandemic levels. Back in November, the average was just over 38%.
IPO process explained.
Ashburton ETFs have moved over to FNB.
Meta Platforms (Nasdaq code: FB); Facebook, Instagram and WhatsApp
- Down 25% on the day of the results. Fell further and now off 43% from September 2021 highs and back at May 2020 levels.
- Market cap below US$600billion, that happens to be the number House legislators picked as the threshold for a “covered platform” in a package of competition bills aimed at Big Tech.
- Active users declined
- $10billion lost revenue due to new iOS privacy rules
- $10billion on metaverse.
- Regulatory issues.
  - Meta threatens to shut down Facebook and Instagram in Europe over proposed regulations. The EU says, 'please do'.
- All said this is just one quarter, the next few quarters will tell us the true story.