Ghost Wrap #37 (AngloGold | Pan African Resources | Impala Platinum | Mondi | Sappi | Mpact | Spur | Standard Bank)
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.
In this week’s episode of Ghost Wrap, we play rock paper scissors (well, almost):
- Rock: AngloGold, Pan African Resources and Impala Platinum showing us that times are tough in mining.
- Paper: Mondi and Sappi reflecting highly cyclical numbers, with Mpact delivering really strong results in this period.
- Scissors: a sharp set of numbers came in from Spur and Standard Bank.
Listen to the podcast below:
Comments (3)
LEZANDER DAVIDS
14 Aug 2023Morning,
This might sound like a stupid question but am I correct in assuming that banks and financial sector stocks should profit more as a result of an increase in the REPO rate?
Thanks.
Christo Pieters
14 Aug 2023Correct, but take note that bad debts also increase during rising interest cycles. Though banks usually provide sufficient for this.
The Finance Ghost
14 Aug 2023There’s a tipping point at which the benefit of another hike is more than offset by the increase in credit losses. The banks generally seem to agree that we’ve reached that point. Things need to ideally just stay as they are now.