Ghost Wrap #27 (Nedbank | Spar | Hudaco | Pepkor | Sirius Real Estate | Tiger Brands)
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:
- Nedbank’s operational update, reflecting strong growth in headline earnings and a warning about further interest rate increases, along with the news of Mike Brown stepping down as CEO.
- An awful week for Spar shareholders, with the stock now trading at levels last seen in 2011
- Hudaco’s acquisition of the Brigit group of fire protection companies, featuring a surprisingly high valuation multiple.
- Tough results at Pepkor and more resilience in the share price than I expected.
- Sirius Real Estate refinancing debt and showing an increase in the cost of debt that will be a feature of offshore property funds going forward.
- A nasty sell-off in Tiger Brands despite a modest increase in HEPS under difficult circumstances.
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:
Comment (1)
Phillip
05 Jun 2023SPAR – What no one is talking about is the distribution disaster at their Durban hub, caused by new software that failed. Spar stores in KZN are still having to order their produce from Johannesburg as the Durban hub has now been non-functional for 3 months