Tag:
Aimia
DealMakers
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies.
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.
Ghost Bites
Ghost Bites (Jubilee Metals | Old Mutual | Wesizwe Platinum)
Old Mutual has some bright spots, but is still a sideways story overall. Jubilee Metals is successfully through its maintenance shutdown. Wesizwe Platinum's Bakubung Minerals will shed nearly 500 jobs.
Ghost Bites
Ghost Bites (African Media Entertainment | Aspen | Delta Property Fund | Dis-Chem | Nampak | Remgro | SPAR)
SPAR is now a catastrophe. Dis-Chem's valuation makes it a sitting duck. Mediclinic is enjoying the benefit of operating leverage. Nampak was dragged down by one local segment. Aspen is considering share buybacks. African Media Entertainment is growing in a tough market. Delta Property Fund is making progress.
Ghost Bites
Ghost Bites (Equites Property Fund | KAL Group | Karooooo | NEPI Rockcastle | Reunert | Tharisa)
Equites Property Fund and NEPI Rockcastle are good reminders of the strength of REITs. KAL Group is one of the last "cheap" South African assets. Karooooo upset the market with its margins this year, but they are playing the long game. Reunert has been dragged down by its cables business. Tharisa's earnings have skyrocketed.
DealMakers
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies.
Ghost Bites
Ghost Bites (Dipula Properties | Equites Property Fund | Nutun | Universal Partners)
Dipula Properties shows us that there's money to be in made in property in the northern provinces of our country. Equites Property Fund is bringing capital home from the UK and investing it here. Nutun is still in a loss-making position. Universal Partners has a hit-and-miss portfolio.
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.
