Ghost Bites
BHP vs. DRDGOLD: broader into copper; deeper into gold
In this deep dive, I contrast BHP and DRDGOLD as mining houses at the opposite end of the size and capex spectrum. Where BHP has diversified into copper, DRDGOLD has stuck to its knitting. But will that continue?
Ghost Bites
Absa vs. Standard Bank: African ambitions, South African money machines
In this deep dive, I look at the recent results of Absa and Standard Bank. There's much to learn from these financial services giants, but there's one clear theme that came through for me: though Africa may tell a great story in a slide deck, the South African businesses are still doing the heavy lifting.
Ghost Bites
Ghost Bites (ASP Isotopes | RCL Foods | SPAR | Thungela)
ASP Isotopes' quarterly results show how early the company is on its journey. HEPS falls sharply at RCL Foods. Another blow for SPAR as the chairman and deputy chair step down. Thungela banked excellent profit growth in H1.
Ghost Bites
Ghost Bites (Blu Label | DRDGOLD | Exxaro | KAP | NEPI Rockcastle | Resilient REIT | STADIO)
Important numbers came out from Blu Label Unlimited, DRDGOLD, Exxaro, KAP, Resilient REIT and STADIO. NEPI Rockcastle is branching out of Eastern Europe and heading to Spain.
Ghost Bites
Ghost Bites (Truworths | Rainbow Chicken)
The latest Truworths results show why I don't have a position in the stock. Rainbow Chicken's numbers are as volatile as ever, with HEPS more than doubling in the latest period!
Ghost Bites
Ghost Bites (Weaver Fintech deep dive)
Weaver Fintech's complicated result required a careful read. With management pulling back on lending, there's a lot to think about here in the context of SA consumers.
Ghost Bites
Ghost Bites (Grindrod | Impala Platinum | Shoprite)
The market celebrated the latest numbers at Shoprite. Grindrod went the other way, with flat HEPS in the latest period. There's a wild move in Impala Platinum's earnings.
Ghost Bites
Ghost Bites (AECI | Jubilee Metals | Lighthouse Properties | Merafe | Northam Platinum | Powerfleet | Sabvest)
The market didn't like the AECI results. Conversely, Lighthouse Properties is doing brilliantly, as are mining duo Merafe and Northam Platinum. Sabvest has announced a bolt-on deal at ITL. Jubilee Metals wants to sell its Large Waste Project. Powerfleet is still loss-making.
Ghost Bites
Ghost Bites (Advtech | Gold Fields | Italtile | MTN | Southern Palladium)
MTN's share price has taken another knock. Advtech and Gold Fields have positive stories to tell, but the same can't be said for Italtile, where the manufacturing business is under immense pressure. Southern Palladium has been granted a mining right.
Ghost Bites
Ghost Bites (MTN Uganda | Schroder European Real Estate | Spur | Thungela)
Spur shareholders must stomach a legal provision of R129.5 million. Thungela's earnings and share price chart are world's apart. MTN Uganda requires a careful read. Schroder European Real Estate prepares for a managed wind-down.
Ghost Bites
Ghost Bites (Copper 360 | Pick n Pay | Quilter | Sappi)
Pick n Pay's grocery business is showing some positive signs. Quilter's distribution model shines through. Sappi's fourth quarter outlook gave speculators something to latch onto. Copper 360 pulls a rabbit out of the hat with Neal Froneman.
