Ghost Bites
GHOST BITES (Coronation | Mr Price | Quilter | Vukile)
Coronation's AUM has moved sharply higher and Quilter also has a great story to tell about growth in that sector. Mr Price is winning market share and had a strong finish to 2024. Vukile's Spanish property acquisition may still go ahead in the aftermath of floods.
Ghost Bites
GHOST BITES (BHP | Clicks | Grindrod | Jubilee Metals | MTN)
BHP is on track to achieve guidance. Clicks seems to have disappointed the market, perhaps based on retail comparable sales. MTN caught a break in Nigeria. Grindrod's Port of Maputo had a tough 2024. Jubilee has power again for Roan.
Ghost Bites
GHOST BITES (Hudaco | Murray & Roberts | South32 | Trustco)
Hudaco kicks the year off with an acquisition in South Africa (JSE: HUD)
There are potential synergies with other Hudaco businesses in terms of route...
Ghost Bites
GHOST BITES (Alphamin | Merafe | Ninety One)
EBITDA more than doubled at Alphamin (JSE: APH)
This is what happens when mining groups deliver on promises
Alphamin has been an interesting growth story. The...
Ghost Bites
GHOST BITES (BHP Group | PPC | Richemont | Sirius Real Estate)
Richemont rallied after an excellent quarter. BHP Group has closed a copper deal. PPC is investing heavily in the Western Cape. Sirius Real Estate successfully tapped the debt markets.
Ghost Bites
GHOST BITES (Afrimat | Karooooo | Stor-Age)
Afrimat has completed the integration of Lafarge. Karooooo reported another strong set of numbers, although margins must always be watched. Stor-Age is expanding the Parklands facility.
Ghost Bites
GHOST BITES (Reinet)
There was only one major story for the day and it was a big one: Reinet has sold its entire stake in British American Tobacco, leaving the company with a strong acquisition warchest.
Ghost Bites
GHOST BITES (Jubilee Metals | Life Healthcare | Northam Platinum | Schroder European Real Estate | Tharisa)
Life Healthcare is selling LMI but is retaining exposure to earnout payments. There were mining production updates from Jubilee Metals, Northam Platinum and Tharisa. Schroder European Real Estate's valuations are under pressure again.
Ghost Bites
GHOST BITES (Gemfields | Wesizwe Platinum)
At the worst possible time, the Zambian government has driven a stake through the heart of Gemfields. At Wesizwe Platinum, going concern status still rests on a regulatory approval in China.
Ghost Bites
GHOST BITES (Naspers – Prosus | Schroder European Real Estate)
Naspers and Prosus took a knock from the US government designating Tencent as a military company - and I bought the dip. Schroder European Real Estate sold a mall in Germany.
Ghost Bites
GHOST BITES (ArcelorMittal)
The year is off to a poor start for local business sentiment, with ArcelorMittal finally making the tough decision to pull the plug on the Longs business amid mounting losses.
