Tag:
Absa
Ghost Bites
Ghost Bites (Bank ratings upgrades | Mantengu | MAS | Oando)
Several SA banks have enjoyed a ratings upgrade from Fitch. A new bidder has emerged for Mantengu's Blue Ridge Platinum. PKMI's bid for MAS shares ended in a puff of smoke and not much else. Oando is a vertically integrated energy company that nobody talks about.
Ghost Bites
Ghost Bites (Absa | Fortress Real Estate | Gemfields | Harmony | Hudaco | PBT Holdings | Sun International | Sephaku | Resilient |...
A huge day of news saw updates across many sectors on the JSE. Absa, Harmony, Hudaco, PBT Holdings, Sephaku, Resilient REIT and Thungela gave detailed updates. Sun International's revenue is on track. Gemfields is in serious trouble. Fortress had no problem raising the capital.
DealMakers
Who’s doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies.
Ghost Bites
Ghost Bites (Aimia | Schroder European Real Estate | Tharisa)
Aimia's management letter is a great opportunity to learn about the JSE's new kid on the block. Schroder European Real Estate's valuation is still going the wrong way. Tharisa has begun the underground mining transition.
Ghost Bites
Ghost Bites (MTN Rwanda | Resilient REIT | Sanlam | Standard Bank | Woolworths)
Growth in Africa is visible at Standard Bank and MTN Rwanda. Woolworths has a new CEO - and it's an internal appointment this time. Resilient REIT achieved double-digit dividend growth. Sanlam's results are complex.
Ghost Bites
Ghost Bites (Absa | Attacq | Burstone | CA Sales | Hyprop | Trellidor | Weaver)
Absa is dong very well at the moment, while Weaver Fintech is screaming up the J-curve. Attacq, Burstone and Hyprop bring you updates from the property sector. CA Sales has delivered a positive earnings surprise. Trellidor is in a very tough spot.
Ghost Bites
Ghost Bites (Anglo American | ASP Isotopes | DRDGOLD | Jubilee Metals | Nedbank | Schroder European Real Estate | South32)
ASP Isotopes will shortly implement the Renergen deal. Nedbank has finished the sale of Ecobank. Anglo American got another regulatory approval for Teck. Schroder European Real Estate has a tenant problem, South32 has an energy problem and DRDGOLD has a mining unions problem! Jubilee Metals looks ahead to a much better FY26 (hopefully).
Ghost Bites
Ghost Bites (Absa | Capitec | Italtile | Nampak | Spar | Sygnia)
In banking, Absa's expense growth is a concern and Capitec is acquiring fintech Walletdoc for up to R400 million. In turnaround valley, Nampak is a lot further along in the process than Spar. Italtile is really struggling in this market. Sygnia is growing strongly, but why is dividend growth lagging?
