Thursday, December 12, 2024

DealMakers

Joint Firm Intention Announcement: Offer by Newco to acquire and delist Barloworld and withdrawal of cautionary

Barloworld has placed the full joint firm intention announcement in Ghost Mail. Alongside the announcement, I've included a few key points for you to be aware of.

GHOST BITES (Barloworld | British American Tobacco | FirstRand | Libstar | Workforce)

Barloworld's take-private deal is now on the table. British American Tobacco has affirmed guidance. Libstar has had a difficult second half. FirstRand was granted leave to appeal the UK motor industry court ruling. Workforce shareholders approve the take-private.

UNLOCK THE STOCK: KAL Group

In the 47th edition of Unlock the Stock, KAL Group joined the platform for the first time to talk about the recent performance and strategic focus areas for the group.

GHOST BITES (African Rainbow Capital | Boxer – Pick n Pay | Labat Africa | Nedbank | Renergen | Sabvest | South32 | Thungela)

African Rainbow Capital released a portfolio update. Nedbank and Thungela gave important pre-close updates. There's also news from Boxer, Renergen, Sabvest, South32 and Labat Africa

GHOST BITES (Italtile | Nictus | Sibanye-Stillwater | Transaction Capital)

Italtile's share price momentum makes no sense to me. Sibanye-Stillwater has pulled off a sensible uranium deal. Transaction Capital's results are delayed. Nictus had a terrific year thanks to investment income.

GHOST BITES (Brait | NEPI Rockcastle | RMB Holdings | Schroder European Real Estate)

Brait's brief trading update was far too easy to miss on SENS. NEPI Rockcastle is buying another mall in Poland. RMB Holdings and Schroder European Real Estate released numbers.

Of ghost ships and giant squid

Squid could be linked to the demise of many a vessel at sea - and not always of the giant variety. Dominique Olivier tells the story of the Mary Celeste and the many other mysteries that the oceans dish up each year.

GHOST BITES (Absa | Nampak | Trustco | Vukile Property Fund)

Absa has given updated earnings guidance for 2024 and beyond. Nampak has put in place a clever B-BBEE deal. Trustco has released the Legal Shield deal circular. Vukile's Spanish acquisition is still on hold.

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