Tag:
Araxi
Ghost Bites
Ghost Bites (Araxi | Glencore | Hyprop | Nedbank | Raubex | Sabvest)
Glencore's Capital Markets Day is a love letter to copper. Nedbank has had a very poor year, while Sabvest has grown beautifully. Hyprop is looking to raise R300 million. Raubex may sell Bauba Resources and Araxi may buy a business in the payments space.
Ghost Bites
Ghost Bites (Araxi | Equites Property Fund | Exxaro | FirstRand | Merafe | Resilient | Shaftesbury | Sibanye-Stillwater)
Equites raised over R700 million. Sibanye locked in a gold wage deal. Exxaro is running slightly behind guidance. FirstRand's UK hangover continues, but the rest looks good. Resilient expects double-digit growth. Araxi's Software business remains a problem. Merafe is putting two smelters on care and maintenance. Shaftesbury's London West End portfolio is strong.
Ghost Bites
Ghost Bites (Araxi | Fortress Real Estate | Octodec | Tiger Brands | Vukile Property Fund)
Tiger Brands is executing a stunning turnaround. Fortress, Octodec and Vukile delivered interesting property updates. Araxi is hoping that investors will focus on normalised numbers.
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 (Blu Label | Choppies | KAL Group | MultiChoice | PPC | Renergen | York Timber)
Canal+ is in effective control of MultiChoice. Blu Label released full details for the Cell C listing, leading to plenty of differing opinions online. PPC's turnaround is working and even York Timber is looking better. Renergen has settled with Springbok Solar. Choppies is doing well in Botswana despite macroeconomic concerns. KAL Group is selling Agriplas.
