Ghost Wrap #25 (Dis-Chem | Grindrod Shipping | NEPI Rockcastle | Telkom | Nampak | Purple Group | Investec)
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:
- Dis-Chem’s latest numbers, including a very concerning second half of the financial year.
- The cyclicality of the shipping industry, with the most recent quarterly performance of Grindrod Shipping as a perfect example.
- The appeal of property in Eastern Europe, with NEPI Rockcastle generating strong income growth in a country far away from load shedding.
- Telkom’s gigantic impairments as this technological dinosaur tries hard to avoid an asteroid.
- The broken balance sheet at Nampak as the company moves towards what will surely be a very painful rights offer.
- At the other end of the rights offer spectrum, the growth story at Purple Group and Sanlam’s underwriting of the rights offer.
- Investec’s powerful performance in the year ended March 2023, particularly in the UK.
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:
