Ghost Bites
Ghost Bites (Labat Africa | Old Mutual | South Ocean Holdings)
When will Labat Africa engage with the market and tell their story? Old Mutual reminds us just how well our market infrastructure works in South Africa (especially compared to Zimbabwe). South Ocean Holdings expands in Cape Town.
Ghost Bites
Ghost Bites (Accelerate Property Fund | Bytes Technology | Capitec | Sappi)
Accelerate Property Fund has made more progress. Bytes Technology investors must be patient for growth in profits. Capitec has sold its rental finance business to Sasfin. Sappi jumped on positive news about recent trading.
Ghost Bites
VIDEO: Why credit ratings matter | Why REITs raise capital so easily
The recently launched Ghost Bites podcast brings you an audio supplement to the daily Ghost Bites that you know and love in Ghost Mail. This gives me an opportunity to expand on certain topics in detail, while bringing in the results of the poll as well. This episode covers the recent credit ratings upgrade for the banks, as well as Hyprop's capital raise.
Ghost Bites
Ghost Bites (Hammerson | Hyprop | Trustco)
As expected, Hyprop increased the size of the capital raise. Hammerson has recycled capital at a premium to book. Trustco's investment in Meya Mining is in serious trouble. In the Nibbles: MAS, Prosus and more.
Ghost Bites
Ghost Bites (Bytes Technology | Hyprop)
Hyprop is tapping the market for R500 million in fresh equity capital. VCP now has a stake of over 5% in Bytes Technology.
Ghost Bites
Ghost Bites (Bank ratings upgrades | Mantengu | MAS | Oando)
Several SA banks have enjoyed a ratings upgrade from Fitch. A new bidder has emerged for Mantengu's Blue Ridge Platinum. PKMI's bid for MAS shares ended in a puff of smoke and not much else. Oando is a vertically integrated energy company that nobody talks about.
Ghost Bites
Ghost Bites (Lesaka Technologies | Spear REIT)
Lesaka Technologies wants to sweeten the deal for the executive chairman in the form of new share options. Spear REIT has met all conditions for the acquisition of Watergate Centre.
Ghost Bites
Ghost Bites (Hudaco | Optasia | Supermarket Income REIT)
Hudaco's consumer-related products segment boosted the interim period. There are signs of life at Optasia, but I'm waiting for detailed results. Supermarket Income REIT has refinanced £445 million in debt.

