Ghost Bites
Ghost Bites (Discovery | Glencore | JSE | MTN | Quilter)
MTN is now severely loss-making. Glencore is keeping its coal and carbon steel assets. Quilter is going from strength to strength. The JSE's margins are under pressure. Discovery is restructuring Vitality.
Ghost Bites
Ghost Bites (Afrimat | AngloGold | Hulamin | HomeChoice | Nedbank | Powerfleet | Sasfin | Trematon)
Nedbank achieved double digit growth. Afrimat's post-GNU story looks interesting. AngloGold has taken advantage of higher gold prices. Look out for Hulamin, HomeChoice, Powerfleet, Sasfin and Trematon as well.
Ghost Bites
Ghost Bites (Copper 360 | Mpact | MTN Uganda | Pick n Pay | Telkom)
Pick n Pay found strong market support. Telkom's great Q1 isn't a reflection of the full year. Mpact had a tough interim period. MTN Uganda is one of the best subsidiaries. Copper 360 has started mining at Rietberg.
Ghost Bites
Ghost Bites (Curro | Mantengu Mining)
Curro's earnings have finally recovered to 2020 levels, but 2019 levels are still a long way off. Mantengu Mining's Birca Copper deal is in serious doubt.
Ghost Bites
Ghost Bites (AB InBev | ArcelorMittal | Capital & Regional | Mondi | Mpact | MTN Ghana)
AB InBev's EBITDA margins are up. ArcelorMittal is in emergency mode. Mondi's EBITDA is lower. Capital & Regional increased its dividend. Mpact found a buyer for Versapak. MTN Ghana is much better than MTN Nigeria.
Ghost Bites
Ghost Bites (AECI | Altron | MTN | Shaftesbury | Woolworths)
Woolworths Food is the only bright spot in the group right now. AECI is hoping for a much better second half. Altron's recovery momentum continues. MTN Nigeria is really hurting. Shaftesbury's valuations ticked higher.
Ghost Bites
Ghost Bites (BHP | Glencore | Merafe | Shoprite | Zeder)
Shoprite continues to grow at double digits. BHP has done a copper deal. Glencore needs a strong second half, as does Merafe. Zeder has announced another disposal.
Ghost Bites
Ghost Bites (Pan African Resources | Rex Trueform | South32)
Pan African Resources has made the most of the high gold price, with a great production result. South32's disposal of Illawarra Metallurgical Coal is finalised. Rex Trueform is investing deeper into property.
