Ghost Wrap #39 (Grindrod | Impala Platinum | Merafe | Resilient | NEPI Rockcastle | Santam | Sun International)
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 episode of Ghost Wrap, we recap a busy couple of days:
- It’s hard to find companies doing well in this environment, but Grindrod is one of them – if only the share price would notice!
- As expected, there’s a further trading statement from Impala Platinum about just how bad things are.
- Merafe is doing very well, bucking the trend in the mining industry and continuing to trade at a dirt cheap multiple.
- In property, the trajectory locally and in Western Europe (represented by Resilient) is completely different to Central and Eastern Europe (NEPI Rockcastle)
- Base effects are important, as evidenced by looking at Santam and Sun International’s latest numbers and comparing their through-the-cycle returns.
Listen to the podcast below:
Comments (2)
Paul Hawkins
17 Aug 2023Finance Ghost, thank you for the wonderful way you speak in a language that is easy for simple banker like me can understand, it also helps me in job of a credit manager tremendously.
The Finance Ghost
17 Aug 2023Thanks so much! That’s why I do this. It doesn’t have to be nearly as difficult as it initially sounds 🙂