Tag:
Altron
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 (African Rainbow Minerals | Altron | NEPI Rockcastle | Octodec | RCL Foods | Redefine Properties | Super Group)
Altron's strategy is working beautifully, while Super Group's strategic pivots have changed the trajectory of the business. RCL Foods has given tighter guidance on its sugar troubles. NEPI Rockcastle and Redefine Properties gave important updates. Octodec is selling Killarney Mall. African Rainbow Minerals was boosted by the PGM business.
Ghost Bites
Ghost Bites (AB InBev | Altron | Brimstone – Sea Harvest | British American Tobacco | South32 | Tongaat Hulett)
AB InBev's beer volumes are dropping, while British American Tobacco reminds us what an industry in decline looks like. South32 did well overall. Altron has flagged higher earnings. Brimstone has been boosted by Sea Harvest. The show is sadly over at Tongaat Hulett, with disastrous effects on the sugar value chain.
Ghost Bites
Ghost Bites (Altron | Ethos Capital | Exxaro | MTN Rwanda | Oceana | Pepkor | Redefine Properties | Santova)
Pepkor shows what is possible in retail. Santova paints a worrying picture around SA trade. Altron is a mixed bag, while Redefine looks solid and MTN Rwanda adds to the positivity around Africa. Oceana had a better than expected finish to the year. Ethos Capital is moving closer to a full value unlock. Exxaro sold a business.
Ghost Bites
Ghost Bites (Altron | Blu Label | Gemfields | Jubilee Metals | Mondi | Sirius | Tharisa | Vunani)
Mondi had a truly awful day. Blu Label released financial targets for Cell C. Altron flagged solid growth in earnings and Sirius also released a financial update. Gemfields just cannot catch a break. Vunani is merging its fund management business with Sentio. Tharisa has won in court against SARS. Jubilee Metals gave an update on its portfolio and SA disposal.
Ghost Bites
Ghost Bites (Altron | Equites | Harmony | Impala Platinum | KAP | Libstar | Metrofile | Rainbow Chicken | Sibanye-Stillwater | South32 |...
We are now firmly in earnings season, with numbers from Harmony, Impala Platinum, KAP, Libstar, Rainbow Chicken, Sibanye, South32, STADIO, Trellidor and Truworths. Important updates also came in from Altron, Equites Property Fund and Metrofile.
Ghost Bites
Ghost Bites (Gemfields | Merafe | MTN Zakhele Futhi | Novus | Primary Health Properties – Assura | Remgro – Mediclinic | Vunani)
Primary Health is making another desperate plea to Assura. MTN Zakhele Futhi is cashing in. Novus is up, but on shaky ground. Gemfields enjoyed decent support for the rights offer. Look out for Merafe, Mediclinic (Remgro) and Vunani as well.
Ghost Bites
Ghost Bites (Accelerate Property Fund | Capital Appreciation | Copper 360 | Dis-Chem | HCI | Huge | Insimbi | Mustek – Novus |...
Dis-Chem released results, but the market didn't like something about them. Santova announced a clever deal. Accelerate is raising R100m. Capital Appreciation looks strong. Mustek - Novus released the offer circular. Sirius is doing deals. Copper 360, HCI, Huge Group and Insimbi also released important updates.
