Ghost Wrap #24 (Karooooo | Quantum Foods | RFG Holdings | Sappi | MTN | Southern Sun | Richemont | Transaction Capital)
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:
- Karooooo’s latest quarter, which makes it even clearer that management should be focusing on the core Cartrack business.
- The ongoing bad luck at Quantum Foods, where the macroeconomic and load shedding issues have now been compounded by the horrors of avian influenza.
- RFG Holdings as a good news story in a sea of pain on the JSE, with the business really performing well.
- Sappi’s cyclical nature and ongoing debt reduction despite a sharp drop in profits.
- MTN’s margin compression in South Africa and almost all the African subsidiaries, with market concerns over the balance sheet trajectory clear to see in the share price.
- Southern Sun riding the wave of a post-COVID travel and tourism recovery, except in Sandton.
- Richemont’s exceptional results in the core business this year, along with the strength of its direct-to-consumer strategy.
- Transaction Capital’s latest capitulation in the share price off the back of results.
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.
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