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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:
Finance 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.
Thanks so much! That’s why I do this. It doesn’t have to be nearly as difficult as it initially sounds 🙂