Ghost Wrap #28 (Bidcorp | Bidvest | MultiChoice | Argent Industrial | Renergen | Capital Appreciation | The Foschini Group)
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 these important stories on the local market:
- Bidcorp is achieving record numbers, but the regional split isn’t what you might expect.
- Bidvest continues to demonstrate the value of pricing power and strong cost management.
- MultiChoice is on the wrong side of consumer spending and load shedding, with forex issues in Nigeria as an additional huge headache.
- Argent Industrial is a small cap with a big heart, performing well in this environment.
- Renergen has secured conditional approval for debt funding, with all eyes now on meeting the conditions.
- Capital Appreciation has grown its non-SA revenue strongly, but operating profits have dipped due to heavy investment in headcount.
- The Foschini Group rallied after releasing results but not because of good news in the numbers, with a particularly concerning recent trend.
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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Comments (2)
Susan Makinta
15 Jun 2023I will love to have a good investment with JSE please advice me what to do.
The Finance Ghost
15 Jun 2023Hi Susan – an option would be to join the Easy Equities platform and begin buying JSE listed shares off that platform.