Wednesday, October 23, 2024

Ghost Wrap #40 (Aveng | Curro | Libstar | Transpaco | Standard Bank | Thungela | Exxaro | Sibanye | Gold Fields | Master Drilling)

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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:

  • Aveng’s poor recent results and the volatility in the share price around the time of the earnings release.
  • Curro’s solid year-on-year growth, driven mainly by pricing increases in tuition fees.
  • Libstar’s substantial drop in HEPS, with mushroom production as the biggest problem after the Shongweni facility was destroyed.
  • Transpaco’s encouraging trading statement, putting another tick in the box for the packaging sector this year.
  • Standard Bank’s massive jump in earnings, with the African regions shining through.
  • Various mining sector updates that are almost all negative, including Thungela, Exxaro, Sibanye, Gold Fields and Master Drilling.

Listen to the podcast below:

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