The Trifecta of Wealth & Grilling with Spur💰🥩

Hi again, 👋🏽

Happy Tuesday and 4-day work week. Let’s get right into it 👇🏽

In this edition of The Update:

• A diversified news update: Stor-Age, ByteDance and Bitcoin’s rally

• Why Spur is more than a steakhouse: From favourably positioned to the risk of independent franchises.

• The Trifecta of Wealth Creation: The essential components for building and growing wealth: income generation, savings, and investments by Soul Financial.

In The News This Week 🗞

Stor-Age Property REIT Limited

• Revenue + 12.6%, mainly driven by rental income from newly acquired properties.

• Distributable earnings for the six months +7.8% 

• The company has acquired three self-storage properties for a total of R470 million.

• The total value of the Stor-Age portfolio now stands at R7.7 billion.

• Interim dividend of 52.57 cents per share.

ByteDance

• The Chinese owner of TikTok generated more than $80 Billion in annual revenue last year, +30% YoY[PR1].

• TikTok, however, has been the subject of much debate among US regulators.

  The U.S. has two main reasons for concern.

  • First is the threat of the Chinese having access to American users’ private data (roughly 150 million US users).

  • Second, ByteDance could use TikTok’s algorithms to influence Americans. “Social media has always been used as a toll to influence its users and can be very dangerous if the entity behind the agenda is your enemy.”

Bitcoin

• The world's largest and most popular virtual currency, Bitcoin, jumped +6.3% to $30,084.9, surpassing the 30k-mark for the first time since June 2022 ahead of US inflation data.

• Its market value stood at $583.4 billion.

• Year-to-date, BTC has risen by +80%, having started 2023 at $16,600.

• Though there is no clear catalyst for the upside price action, there is certainly a narrative shift happening due to the banking crisis in the US that is feeding into Bitcoin’s momentum.

Stock Spotlight 🔦

Key Financials

• Ticker: JSE: SUR

• Share Price: 2300c.

• Market cap: R2.09B

• Div Yield: 6.96%

• P/E: 10.92

• 1-year share price: -1.18%

• 5-year share price: -16.94% (-3.4% annualised)