Ghost Wrap #17 (Remgro | Steinhoff | York Timber | RFG Holdings | CA Sales Holdings | Master Drilling | Bell Equipment | Gemfields | Astoria)
Unlock the Stock: Afrimat and Spear REIT
Afrimat’s track record is spectacular. Spear REIT is a highly respected property fund. On Unlock the Stock, you can learn about both companies.
RCL is far more than just a chicken business
RCL is far more than just a chicken business these days, which isn’t a bad thing.
Bidvest: strong trading profit growth in every division
Bidvest closed 3.8% higher after releasing results for the six months to December 2021.
Liberty Two Degrees: reversions continue to bite
Liberty Two Degrees holds stakes in some of the most iconic properties in the country
Alviva: 20% revenue growth excl. Tarsus
After teasing the market with a trading statement, Alviva has now released all the details of the interim results for the six months ended December 2021.
PSG Group and the Great Value Unlock
This is one of the biggest news stories on the JSE that we’ve seen in a while
JSE Limited: a cash cow in a shrinking field
You may not be aware of this, but the JSE Limited is listed on the JSE. You’re right in thinking that this sounds like the financial version of the movie Inception
Capital Appreciation on the deal train
The company has announced the acquisitions of three technology companies in South Africa and a 20% stake in a company in the Netherlands.
Woolworths won’t miss 2021
as released results for the 26 weeks to 26 December 2021. The share price rallied 6% despite a fair share of negative commentary on Twitter.
Cashbuild’s negative sales momentum continues
Cashbuild released its interim results for the six months ended 26 December 2021
Welcome to Ghost Wrap. It’s fast. It’s fun. It’s informative.
In this week’s episode of Ghost Wrap, we cover:
- Remgro reminds us that impressing most local financial commentators really isn’t difficult: just increase the cash dividend, regardless of other capital allocation opportunities.
- Steinhoff shareholders are throwing the dice one last time, hoping for a better-than-zero outcome, one that was almost guaranteed under the proposed creditor settlement.
- York Timber has seen earnings fall faster than the trees in the forest, proving once more than this company really struggles to reward shareholders consistently.
- RFG Holdings seems to be coping under inflation, though the proof will be in the pies rather than the pudding.
- CA Sales Holdings is posting really strong numbers in its life after PSG, making a strong case for itself as an attractive mid-cap on the local market.
- Master Drilling is almost literally the shovel in the gold rush, benefitting from increased activity in the mining sector.
- Bell Equipment is also on the right side of the mining story, with an exceptional rally in the past week as the market realised how cheap the traded multiple was.
- Gemfields really is a gem, achieving results in 2022 that are just as beautiful as the emeralds, rubies and wildly overpriced eggs at Fabergé.
- Astoria has a story to tell, boasting a portfolio mostly comprised of assets that you can’t get access to anywhere else.
The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.
Listen to the podcast below:
