Ghost Bites
Ghost Bites (KAL Group | Metair | Pick n Pay | Vodacom)
Vodacom released an excellent trading statement. KAL Group is achieving double-digit growth. Pick n Pay is using a s189 to try and reduce store costs. Metair has refinanced its South African debt package.
Ghost Bites
Ghost Bites (Clientèle | Glencore | Merafe | MTN | Santova)
Dividend darling Clientèle wants to delist. Glencore is telling a bullish story after Q1, with MTN Nigeria also enjoying the current oil situation. Merafe should have an answer on the electricity tariffs by June. Santova clawed back a lot of lost ground in the second half of the year.
Ghost Bites
Ghost Bites (Astral Foods | MTN Ghana | Primary Health Properties)
Astral Foods has tightened its earnings guidance. MTN Ghana has banked another strong quarter. Primary Health Properties is delivering on merger synergies. And there are plenty of Nibbles today!
Ghost Bites
Ghost Bites (Anglo American | CMH | Kumba Iron Ore | Merafe)
CMH is a great example of how to overcome disruption. Anglo American is a mixed bag, with diamonds going from bad to worse. Kumba Iron Ore is doing well, but remains at the mercy of Transnet. Merafe's smelter operations were negligible in the latest quarter.
Ghost Bites
Ghost Bites (Fairvest | Hulamin | Impala Platinum | Mondi)
Fairvest's capital raise made me wonder about the property cycle. Mondi is really struggling at the moment. Impala Platinum's latest quarter looked decent. Hulamin is selling the extrusions business.
Ghost Bites
Ghost Bites (Cashbuild | Clicks | Sasol | Spear REIT | Valterra Platinum)
Clicks is growing, but nowhere near fast enough for the valuation. Cashbuild has some positive momentum. Sasol's guidance for the year is encouraging. Spear REIT had no trouble raising the R1 billion in equity. Valterra Platinum's production numbers need to be viewed carefully.
Ghost Bites
Ghost Bites (AECI | BHP | Capitec | Quilter | Spear REIT | South32 | Standard Bank | Stor-Age)
Capitec looks unstoppable. BHP and South32 released important production updates. Spear REIT is raising R1 billion. Standard Bank is enjoying double-digit growth. Quilter is doing well in 2026. Stor-Age announced a small deal. AECI found a whoopsie in the financials.
Ghost Bites
Ghost Bites (Afrimat | Oasis Crescent | Octodec)
Afrimat was loss-making in the second half of the year. Octodec has weighed in on the Emira voluntary offer. Oasis Crescent had modest growth in the latest year.
