Ghost Wrap #20 (Aveng | PSG Konsult | De Beers + Richemont | Alphamin | Universal Partners | Stor-Age | Sappi | Glencore)
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:
- Aveng is a nasty reminder that every construction company is just one bad project away from financial disaster.
- PSG Konsult is an excellent business, growing AUM strongly in a year that was poor for markets. As an added kicker, the dividend payout ratio is higher too!
- Within Anglo American, De Beers noted that demand for luxury goods in China has picked up. This was echoed internationally by LVMH during the week, with an obvious read-through benefit for Richemont.
- Alphamin reported an exceptional quarter, driven by solid production and a major jump in tin prices.
- Nobody likes the dentist, except perhaps Universal Partners based on the returns generated in Dentex.
- Stor-Age has put together a smart deal in the UK that optimises return on equity.
- Sappi needs to find a new buyer for its three European graphic paper mills, after the sale to Aurelius fell through.
- Glencore is still trying to woo the board of Teck Resources in Canada, with a revised offer still not finding favour.
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:
