Ghost Bites
GHOST BITES (Datatec | enX | Ethos Capital | Growthpoint | Hulamin | Lighthouse | Metair | Sirius Real Estate)
In a busy day on the property sector, Growthpoint and Lighthouse announced results, while Sirius has another acquisition in the bag. Ethos Capital had a particularly strong period. Hulamin has flagged weak numbers. Metair has made progress on debt. enX declared a special dividend. Datatec released a useful presentation on Logicalis.
Ghost Bites
GHOST BITES (Absa | Attacq | Clientele | Homechoice | Hyprop | Sirius Real Estate | Supermarket Income REIT | Vukile)
Important financial updates were released by Absa, Attacq, Clientele, Homechoice, Hyprop and Supermarket Income REIT. Sirius Real Estate sold a property at a solid price and Vukile is buying one in Spain!
Ghost Bites
GHOST BITES (Assura – Primary Health Properties | AVI | Merafe | Mpact | Sun International | Texton)
AVI remains the operating leverage champion. Sun International had a great end to 2024. Mpact's Plastics business had an ugly year and so did Merafe. Texton is sitting on quite a cash pile. Suitors are circling Assura - including Primary Health Properties.
Ghost Bites
GHOST BITES (African Rainbow Minerals | Exxaro | Putprop | Rainbow Chicken)
Rainbow Chicken is definitely the good news story of the day, with Putprop also moving in the right direction. African Rainbow Minerals is getting dragged down by PGMs. Exxaro has been impacted by cost pressures.
Ghost Bites
GHOST BITES (FirstRand | Grindrod | Lesaka Technologies | Lighthouse | MTN | Mustek | Sanlam)
FirstRand and Sanlam released strong financial services sector numbers. Lighthouse is acquiring a property in Madrid and Lesaka completed the Recharger acquisition. MTN Uganda released terrific numbers. Grindrod had a tough year. I still don't know why Novus wants Mustek.
Ghost Bites
GHOST BITES (Attacq | Cashbuild | Curro | Emira | Growthpoint | Old Mutual | Quilter | Spur | STADIO | Trellidor | Woolworths)
Woolworths released really disappointing numbers. Curro has a demand problem, but earnings are up for now. Attacq, Quilter, Spur and STADIO all had strong stories to tell. Trellidor and Growthpoint are on the up. Cashbuild and Old Mutual were less exciting. Emira sold a property portfolio.
Ghost Bites
GHOST BITES (Brimstone | Caxton & CTP | CA Sales | Discovery | Harmony | HomeChoice | MultiChoice | Nedbank | Sea Harvest |...
Discovery and Harmony released blockbuster numbers, with WBHO also putting in an impressive showing. CA Sales and HomeChoice flagged excellent growth. Shoprite and Nedbank put in a dependable performance. Brimstone, Caxton and Sea Harvest had struggles. MultiChoice's deal with Canal+ has been delayed.
Ghost Bites
GHOST BITES (AfroCentric | Aspen | Bidvest | Clientele | Italtile | JSE | MAS | Metrofile | MTN | Mustek | PPC |...
Aspen, MTN Ghana, PPC, RCL Foods and Santam all had particularly good stories to tell, with Clientele, JSE and MAS in the green as well. Bidvest was a mixed bag in 2024. Italtile pulled off a resilient performance in the end. AfroCentric released very poor numbers, with Metrofile and Mustek also deep in the red.
