Tag:
AVI
Ghost Bites
Ghost Bites (Accelerate Property Fund | Sea Harvest | Spear REIT | Valterra Platinum)
It's all eyes on the second half at Valterra Platinum. Sea Harvest's numbers are even better than previously guided. Spear REIT announced another acquisition. Accelerate Property Fund received reasonable support for the rights offer.
Ghost Bites
Ghost Bites (AVI | Cashbuild | Hyprop – MAS | Merafe | Spear REIT)
Hyprop has terminated its MAS bid - but is this really the end? AVI grew despite a demanding base. Cashbuild is also in the green. Spear REIT announced an acquisition. Merafe is posting very worrying numbers.
Ghost Bites
Ghost Bites (Absa | Crookes | Lesaka | PBT | Reinet | Remgro – eMedia | RMB Holdings | SA Corporate Real Estate |...
Absa's trading update reflects a much lower credit loss ratio. Lesaka is buying Bank Zero. Crookes and Sea Harvest gave us agri updates. Remgro is unbundling its eMedia exposure. Reinet might sell Pension Insurance Corp. RMB Holdings has a tough story to sell. SA Corporate Real Estate's update has fascinating read-through for grocery retail.
Ghost Bites
Ghost Bites (Assura – Primary Health Properties | Astoria | Gemfields | Powerfleet | Stor-Age | Vukile)
Vukile released strong numbers. Stor-Age's decreased payout ratio set a few hares running. Powerfleet needs profits, not just revenue growth. Look out for Assura - Primary Health, Astoria and Gemfields as well.
Ghost Bites
Ghost Bites (Adcorp | AME | AYO | Delta | Deneb | eMedia | Frontier Transport | HCI | Lewis | Old Mutual...
Lewis released incredible numbers and Adcorp looks stronger too. Spar is mostly retreating from Europe. The HCI stable (including Deneb, eMedia, Frontier and mothership HCI) released updates. Look out for AME, AYO, Delta Property, Old Mutual and Sea Harvest as well.
Ghost Bites
GHOST BITES (British American Tobacco | Clicks | Copper 360 | Insimbi | Jubilee Metals | PSG Financial Services)
Clicks and PSG Financial Services both released excellent numbers. British American Tobacco reaffirmed guidance. Copper 360's balance sheet is improving. Jubilee's South African business is performing well. Insimbi is now loss-making.
Ghost Bites
GHOST BITES (Accelerate Property Fund | Life Healthcare)
Accelerate has sold its stake in Portside - and at a modest discount to NAV. Life Healthcare shareholders gave a resounding approval to the LMI disposal.
Ghost Bites
GHOST BITES (Assura – Primary Health Properties | AVI | Merafe | Mpact | Sun International | Texton)
AVI remains the operating leverage champion. Sun International had a great end to 2024. Mpact's Plastics business had an ugly year and so did Merafe. Texton is sitting on quite a cash pile. Suitors are circling Assura - including Primary Health Properties.
