Tag:
Barloworld
Ghost Bites
Ghost Bites (Astral Foods | MTN | Ninety One | Pick n Pay | Prosus – Naspers | Sirius Real Estate | WeBuyCars)
Prosus/Naspers and Ninety One are flying. So is MTN, but only thanks to Africa. Astral Foods posted encouraging numbers. WeBuyCars had to adapt to significant disruption in the car market. The Ackermans are reducing their stake in Pick n Pay. Sirius looks ahead to the benefit of new acquisitions coming through.
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 (AngloGold | AVI | Barloworld | Copper 360 | Premier Group | Santam | Stor-Age)
AngloGold is cashing in while the gold price is high. AVI, Premier Group and Santam are enjoying strong results. Stor-Age is dependable, but needs to be careful of the UK. Barloworld's earnings continue to drop. Copper 360's capital raise is imminent.
Ghost Bites
Ghost Bites (ASP Isotopes | ISA Holdings | Sephaku | The Foschini Group)
The Foschini Group's share price is still sliding. Sephaku is a reminder of how regional the cement industry is. ASP Isotopes seems to be on the right side of Trump. ISA Holdings reported good numbers.
Ghost Bites
Ghost Bites (Harmony Gold | Metrofile | Orion Minerals | Quantum Foods | Safari Investments)
Quantum Foods had a much softer second half, but still a vastly improved year. Harmony Gold completed the MAC Copper deal. Metrofile and Safari Investments released their deal circulars. Orion Minerals released a quarterly report.
Ghost Bites
Ghost Bites (4Sight | Adcorp | Afrimat | ASP Isotopes | Clicks | Labat Africa | Raubex | Sasol)
Sasol set tongues wagging with a production update and a sharp rally in the share price. Afrimat's share price also moved much higher thanks to positive momentum. Clicks released great numbers, while financial updates came through from 4Sight, Adcorp and Raubex as well. In deal news, ASP Isotopes is making an acquisition in the US and Labat Africa is selling the cannabis assets.
Ghost Bites
Ghost Bites (Famous Brands | Quilter | Salungano | Vunani)
Famous Brands is up at group level, but the performance remains far too reliant on the manufacturing side of the business. Quilter's net inflows continue. Vunani has positive momentum. Salungano signed a coal supply agreement with Eskom.
Ghost Bites
Ghost Bites (Balwin | Blu Label – Cell C | Coronation | KAL | Optasia – Ethos Capital Partners | Sirius Real Estate |...
Optasia released the pre-listing statement. Blu Label shareholders gave support to the Cell C plans. Sirius Real Estate announced an acquisition. Coronation, Balwin and KAL released promising updates, while Spear REIT is steady as ever. Southern Palladium is raising capital.
