Ghost Wrap #19 (Investec | CMH | Northam Platinum + RB Plats + Implats | Pick n Pay | EOH | Nampak | Murray & Roberts | Glencore | Rebosis)
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:
- Investec is combining its Wealth & Investment business in the UK with Rathbones, taking a substantial equity stake in what will be the UK’s leading discretionary wealth manager.
- Combined Motor Holdings has delivered an incredible year, managing to grow HEPS vs. a comparative year that was already a blowout performance.
- Northam Platinum has used the MAC clause to get out of its Royal Bafokeng Platinum offer, leaving Impala Platinum as the only bidder in town after such a long and painful process.
- Pick n Pay’s update for the 52 weeks ended 26 February doesn’t look good, especially compared to Shoprite’s recent numbers.
- In tales from the restructuring crypt, EOH has emerged from the darkness with a successful debt restructure and Nampak remains firmly in trouble, with a temporary reprieve on its debt provided a significant amount of equity is raised.
- Murray & Roberts has received resounding shareholder approve to sell Bombela Consortium, a critical step in reducing debt.
- Glencore made a opportunistic play for Teck, a Canadian copper, zinc and steelmaking coal group.
- Every single Rebosis property is officially for sale, with the business rescue plan approved by almost every creditor – except for one!
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:
