Ghost Wrap #30 (Afrimat | AngloGold | Harmony Gold | Growthpoint | Mr Price | FirstRand | Standard Bank | Steinhoff)
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:
- Afrimat is acquiring Lafarge South Africa, a deal announcement that came against a backdrop of disappointing recent performance across the local cement industry.
- AngloGold is a perfect example of why I think gold stocks are for trading rather than investing.
- Harmony Gold is trying to wave the flag for the sector, though the move into copper says something about gold mining in general.
- Growthpoint gave the market an honest assessment of near-term performance in this interest rate cycle and the share price took a knock as a result.
- Mr Price released a poor set of numbers, raising questions around whether they have lost focus on the core business in a busy period of M&A.
- FirstRand and Standard Bank are both rewarding shareholders, with surprisingly different pros and cons in the recent numbers.
- Steinhoff has released possibly its final report as a listed company.
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:
