Tag:
AngloGold Ashanti
Ghost Bites
Ghost Bites (Mantengu | Northam Platinum | Purple Group | Schroder European Real Estate | Spear REIT)
Purple's Telescope AI deal is a good example of a vertical integration - at a price. In mining, Northam Platinum released strong production numbers, while Mantengu may have locked in a profit on the iron beneficiation plant. In property, Spear REIT sold two properties for a tidy profit, but it's time to put Schroder European Real Estate out of its misery.
Ghost Bites
Ghost Bites (Clientèle | Crookes Brothers | KAP | Mantengu | Novus | Vunani | Vodacom – YeboYethu)
KAP got an unexpected boost from the Middle East conflict. Novus has much work to do. Crookes Brothers, Vunani and YeboYethu gave important earnings updates. Clientèle is a step closer to delisting. Mantengu wants to dispose of Blue Ridge Platinum.
Ghost Bites
Ghost Bites (4Sight Holdings | Afrimat | Investec | Nampak | Netcare | Oceana | Pick n Pay | Sanlam | Spear REIT |...
Afrimat is a tale of two terrible halves. Investec wants to double its private banking business. Pick n Pay's group HEPS isn't telling you what is actually happening at Pick n Pay's core business. Updates also came in from 4Sight, Nampak, Netcare, Oceana, Sanlam, Spear REIT and Tharisa.
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 (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 (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 (AfroCentric | Cashbuild | Labat Africa | Libstar | Lighthouse Properties | Quilter | Sanlam | Woolworths)
Woolworths is putting up a good fight in the retail market. Quilter is extracting growth from the UK market, while Cashbuild has found a way to improve margins. Lighthouse is delivering decent returns. Sanlam is investing billions in ARC. Look out for AfroCentric numbers, a Libstar Capital Markets Day announcement and a deal at Labat Africa.
Ghost Bites
Ghost Bites (CMH | Ethos Capital | HCI | Metair | SA Corporate Real Estate | Stefanutti Stocks | Valterra Platinum)
Metair's luck goes from bad to worse. Ethos Capital and HCI are busy with major deals, while Stefanutti Stocks has closed a disposal. SA Corporate Real Estate grew the distribution ahead of inflation. CMH repurchased over 7% of its shares. Valterra Platinum has an investment grade credit rating.
