Posts by: The Finance Ghost
Ghost Bites (African Media Entertainment | Brait | MTN | Premier Fishing and Brands | Sun International)
AME’s share repurchases are significant. Brait’s IPO of Premier could be back on the table. MTN subsidiaries are reporting. There’s a firm offer for Premier Fishing. Sun International is shining.
“Controlling the controllables” drives resilient interim results for RCL Foods
Focusing on the factors within its control in challenging conditions, RCL FOODS delivered a resilient set of results for the six months to December 2022.
Ghost Bites (African Rainbow Minerals | AVI | Bidvest | Hulamin | Jasco | MAS | Metrofile | Nampak | RCL Foods | STADIO | Trellidor)
African Rainbow Minerals does well on manganese and coal. AVI and Metrofile earnings go sideways. Bidvest, Hulamin and Trellidor all rallied after updates. There’s a firm offer for Jasco. Uncertainty at Nampak, caution at RCL Foods and slower growth at STADIO.
Nedbank Group Limited annual results for the year ended 31 December 2022
Strong revenue growth enabled headline earnings growth of 20% to R14bn, an increase in ROE to 14% and a CET1 ratio of 14% You can view the full Results suite on the Nedbank Investor site
Ghost Bites (Brimstone | Mpact | Nedbank | Sea Harvest | Shoprite)
There’s not much fire at Brimstone. Mpact is making money and investing in SA. Nedbank made the most of 2022, but what of 2023? Sea Harvest shareholders feel salty. Load shedding is hammering Shoprite.
Ghost Bites (Anglo American | Cognition | Fortress | JSE Limited | Momentum Metropolitan | Mustek | Quilter | Putprop | Royal Bafokeng | Sea Harvest)
From diamonds to property funds and the dangers of M&A to the risks of having too much stock, it’s all here in Ghost Bites today.
The return of dual class shares
Provided the necessary protections are in place, the reintroduction of dual class share structures should be welcomed.
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Who’s doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Ghost Bites (Attacq | Capitec | Distell | Exxaro | Labat | Metair | Northam Platinum – RB Plats – Implats | Orion | OUTsurance | Sibanye-Stillwater | Standard Bank | Thungela)
It was a big day for banking, with Capitec and Standard Bank releasing earnings updates. The Royal Bafokeng impasse is finally over. Coal miners and various other companies released updates.