Tag:
ADvTECH
Ghost Bites
Ghost Bites (Aspen | ASP Isotopes | Boxer | Calgro M3 | Canal+ and MultiChoice)
Boxer's underlying story is good, but the IPO ruined profit growth. Canal+ will inward list on the JSE after the MultiChoice deal. Calgro M3's earnings fell this period based on infrastructure timing. ASP Isotopes locked in their biggest ever supply deal. Aspen is thrilled that Mounjaro can be prescribed for obesity in SA.
Ghost Bites
Ghost Bites (Adcock Ingram | MAS | Newpark | SA Corporate Real Estate | Sappi)
Sappi is digging for every cent they can. SA Corporate Real Estate is acquiring a large residential property portfolio. MAS has a significant change of direction. Adcock Ingram shareholders say yes to Natco Pharma. Newpark REIT was hurt by reversions.
Ghost Bites
Ghost Bites (ADvTECH | Clientele | Fairvest | Harmony | Hulamin | Italtile | Momentum | Sasol)
Fairvest's capital raise is a sign of frothiness creeping back into the property sector. ADvTECH, Clientele and Momentum released excellent numbers. Sasol's debt reduction and free cash flow got the market excited. Harmony didn't capitalise on gold price opportunities. Italtile posted resilient numbers, while Hulamin's performance was poor.
Ghost Bites
Ghost Bites (ADvTECH | Jubilee Metals | Merafe | Primary Health Properties – Assura | Sasol | Sirius Real Estate | Weaver)
Sasol's trading statement got the market excited, while Weaver's numbers got me excited! Primary Health got the Assura deal across the line. Sirius Real Estate has done a large deal in the UK. ADvTECH put out strong numbers, while Merafe is really struggling. Jubilee Metals sent out the circular for the PGM and chrome disposal.
Ghost Bites
Ghost Bites (ADvTECH | Blue Label Telecoms | Metair | MTN | RCL Foods | Sappi | The Foschini Group)
The market didn't like The Foschini Group's update, but Metair and MTN were a hit. RCL Foods had a rough second half. Sappi remains a rollercoaster ride. ADvTECH is buying another school. Blue Label is playing its cards close to its chest.
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 (Absa | Crookes | Lesaka | PBT | Reinet | Remgro – eMedia | RMB Holdings | SA Corporate Real Estate |...
Absa's trading update reflects a much lower credit loss ratio. Lesaka is buying Bank Zero. Crookes and Sea Harvest gave us agri updates. Remgro is unbundling its eMedia exposure. Reinet might sell Pension Insurance Corp. RMB Holdings has a tough story to sell. SA Corporate Real Estate's update has fascinating read-through for grocery retail.
Ghost Bites
Ghost Bites (FirstRand | Primeserv)
FirstRand has updated its guidance and reminded the market why it trades at a premium valuation. Primeserv's business support services model is doing very nicely.
