Thursday, December 12, 2024

Ghost Wrap #24 (Karooooo | Quantum Foods | RFG Holdings | Sappi | MTN | Southern Sun | Richemont | Transaction Capital)

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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.

Listen to the podcast below:

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