Ghost Bites Archive
Who’s doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Ghost Bites (Momentum Metropolitan | Implats | PSG)
Life insurance businesses are enjoying a post-pandemic world. The Implats – RB Plats deal is still dragging on at the Competition Tribunal. PSG shareholders will soon receive R23 per share.
July sales data: all about the base
The July 2022 sales data from Stats SA looks great, until you remember what happened in July 2021. Chris Gilmour digs a bit deeper into the numbers.
Ghost Bites (AngloGold | Ethos Capital | Luxe Holdings)
AngloGold is off to Vegas (sort of). Ethos Capital NAV is moving the right way. Luxe Holdings may be getting even smaller. There were also significant director dealings in various companies.
Ghost Bites (Gemfields | Silverbridge | Thungela)
Gemfields has banked another great emerald auction result. Silverbridge is being subjected to an unusual s124 “squeeze out” by ROX Equity Partners. Thungela has signed a three-year wage deal.
Ghost Global (Amazon | FedEx | Netflix | Roblox)
Amazon’s lawyers are busy as usual. FedEx’s share price has been decimated. Netflix is showing signs of life again. Roblox’s valuation looks vulnerable.
Countdown to central banks
With 12 central banks due to make decisions this week, get ready for a potentially volatile few days. Of course, the Fed is the key.
Ghost Bites (Bytes | City Lodge | Sasfin | York)
Although Bytes is showing solid growth, the share price has had a tough year. City Lodge’s occupancy rate is finally tracking 2019 levels. Sasfin’s ROE is worse than SA bond yields. York signs off on a horrible year.
Building a more valuable business (part 1) – bizval webinar recording
Get ready for another excellent learning experience with the bizval team, including your favourite ghost. In this webinar, we discussed how to build a more valuable business.
Transition of RMI to OUTsurance Group Limited
This announcement marks the end of an era for RMI as an active investor in a portfolio of financial services businesses, with the final step being the process of transitioning and rebranding from RMI to “OUTsurance Group Limited” (the OUTsurance Listing).
