Ghost Bites
Ghost Bites (AVI | Cashbuild | Hyprop – MAS | Merafe | Spear REIT)
Hyprop has terminated its MAS bid - but is this really the end? AVI grew despite a demanding base. Cashbuild is also in the green. Spear REIT announced an acquisition. Merafe is posting very worrying numbers.
Ghost Bites
Ghost Bites (Anglo American | Kumba Iron Ore | Primary Health Properties)
Anglo American's focus on copper and iron ore might be helpful, but De Beers is just getting worse by the day. Kumba Iron Ore is enjoying better service from Transnet. Primary Health Properties released solid numbers that could get the Assura deal across the line.
Ghost Bites
Ghost Bites (Adcock Ingram | AECI | Karooooo | Mr Price | MultiChoice | Northam Platinum | Santam | Spear REIT | Vodacom)
The take-private bid for Adcock Ingram is juicy to say the least. Mr Price had a tough June but a resilient quarter overall. MultiChoice got the green light for the Canal+ deal. AECI, Karooooo, Northam Platinum and Vodacom released financial updates. Santam is growing offshore, while Spear REIT sticks to the Western Cape.
Ghost Bites
Ghost Bites (Adcock Ingram | MAS – Hyprop | Reinet | Sasol)
Sasol closed 6% lower after a production update and trading statement. Adcock Ingram rallied after a cautionary. Reinet's NAV moved lower as expected. MAS has called the meeting that was demanded by institutional shareholders.
Ghost Bites
Ghost Bites (Accelerate Property Fund | Assura – Primary Health Properties | Castleview | Jubilee Metals | MAS – Hyprop | Reinet | Sibanye-Stillwater...
The MAS situation is really heating up now, with the board giving strong views on the Hyprop offer. The Assura - Primary Health offer is going nowhere fast. Castleview has glaring capital raising inconsistencies. Sibanye announced an acquisition in the US. Accelerate's related party headaches continue. Jubilee Metals, Reinet and South32 released numbers.
Ghost Bites
Ghost Bites (BHP | Hyprop – MAS | Quantum Foods | Valterra Platinum | Vodacom – Remgro)
Hyprop has put in a conditional offer to MAS shareholders. Vodacom and Remgro tweaked the terms of the fibre deal. BHP's production is strong, but iron ore prices are weak. Valterra Platinum's production ruined the first half numbers. Quantum Foods has had some shareholder register developments.
Ghost Bites
Ghost Bites (AECI | Redefine)
AECI has announced a few asset disposals that the market loved, but they've also hinted at further acquisitions as well. Redefine is selling Rosebank Corner.
Ghost Bites
Ghost Bites (AngloGold | Coronation | Mpact | Richemont)
AngloGold to acquire Augusta Gold in the US. Richemont's sales are in the green, but the strong euro is hurting them. Coronation's AUM was boosted by market prices. Mpact's profits are expected to move sharply lower.
