Tag:
Araxi
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 (Bell Equipment | Crookes Brothers | Merafe | Spear REIT)
Bell Equipment's earnings are dropping sharply. Spear REIT's year is off to a decent start. Merafe has reached a full agreement with Eskom around tariffs, enabling the restart of two smelters. Crookes Brothers was assaulted by Mother Nature.
Ghost Bites
Ghost Bites (Araxi | Jubilee Metals)
Araxi investors have been reminded of the lumpiness of the business, as FY26 could only manage a flat dividend for various reasons. Jubilee Metals is ramping up the Molefe Mine.
Ghost Bites
Ghost Bites (Adcorp | Lewis | Life Healthcare | Sappi | Sirius Real Estate | Trematon)
Lewis is one of South Africa's best businesses. Sirius Real Estate is buying another property in Germany. Adcorp and Life Healthcare need to find more growth. Sappi just about needs a miracle. Trematon shows how hard it is to make money from schools.
Ghost Bites
Ghost Bites (AngloGold | Greencoat Renewables | Pan African Resources | Sea Harvest | The Foschini Group)
AngloGold's free cash flow almost tripled year-on-year, while sector peer Pan African Resources is making progress on its deal in Australia. The Foschini Group's Australian story is becoming meme-worthy, with the group in trouble. Sea Harvest is officially out of Ladismith Cheese. Greencoat Renewables released quarterly numbers.
Ghost Bites
Ghost Bites (Novus | Prosus | Spear REIT)
Spear REIT announced a meaty property acquisition in Mitchells Plain. Prosus is selling down the Delivery Hero stake. Novus is getting less money for its Print Letting Enterprise.
Ghost Bites
Ghost Bites (Alphamin | Araxi | Nu-World)
Araxi has released the circular for the R1 billion Pay@ acquisition. Alphamin absolutely printed cash in the latest quarter. Nu-World did very well in Hong Kong of all places.
Ghost Bites
Ghost Bites (CA Sales | Exemplar REITail | Gemfields | Standard Bank | Trematon | York Timber)
CA Sales somehow grew profits in Botswana. Standard Bank's capital markets day has encouraging targets. Exemplar REITail is another fast-growing property fund. Gemfields and York Timber both find themselves in tough times. Trematon is selling Club Mykonos Langebaan to a CEO-led consortium.
