Ghost Wrap #35 (Woolworths | Shoprite | Liberty Two Degrees | Spur | AVI | British American Tobacco | Anglo American | ArcelorMittal)
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.
- Woolworths reported solid numbers that seemed to be in line with market expectations.
- Shoprite has blown competitors away with exceptional growth across the LSM curve.
- Liberty Two Degrees is only a happy story if you’re a recent investor, giving us another excellent example of why buying the “hype” sector (in this case property on the JSE in 2015 – 2017) is so dangerous.
- Spur is buying a 60% stake in Doppio Zero, a restaurant group that has grown spectacularly over the past two decades.
- AVI is proof that consumers will cut back on many things, but not on biscuits and snacks.
- British American Tobacco is still growing profits, albeit very slowly.
- Anglo American shows just how quickly a mining cycle can change, with a 55% drop in HEPS.
- ArcelorMittal is the ultimate basket of risks: single-commodity exposure, high operating leverage and plenty of debt as well!
Listen to the podcast below:
