Ghost Wrap #32 (Spear REIT | Attacq | AngloGold | Brikor | Mondi | Sappi | Telkom | RCL Foods)
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
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.
- Spear REIT released encouraging first quarter metrics overall, but the company certainly isn’t immune from the broader macroeconomic challenges despite being focused on the Western Cape.
- Attacq has agreed terms with the Government Employees’ Pension Fund (GEPF) for the acquisition of a 30% stake in Attacq’s Waterfall portfolio.
- AngloGold’s restructure into a NYSE-listed group doesn’t come cheap, with advisory fees of over R1.1 billion!
- Brikor has decided to focus on its core brickmaking business, with TCQ Mining taking responsibility for the coal operations and giving Brikor a more stable return on them.
- Mondi is a step closer to getting out of Russia, with the Gotek Group deal completed and the sale of Syktyvkar still needing to be achieved.
- Sappi is discussing the future of the Stockstadt Mill with various stakeholders in Germany, as the company doesn’t believe that the facility can be sold as a going concern.
- Telkom’s board has rejected the proposal from Afrifund, Axian and the PIC – the consortium led by ex-CEO Sipho Maseko.
- RCL Foods has suffered a R234 million knock from a special levy by the South African Sugar Association, a direct result of Tongaat Hulett not paying its levies anymore.
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Comment (1)
Thabang More
10 Jul 2023Would the manufacturing and textile industry not thrive if we strategically weaned ourselves from Chinese cheap labour , I don’t see how else those industries will pick up , well in my scenario
crime , unions and eskom are resolved