Tag:
Brimstone
Ghost Bites
Ghost Bites (Brimstone | British American Tobacco | Hyprop | Sappi | Stor-Age | Vodacom)
Hyprop's bookbuild was a huge success and now Stor-Age is jumping on that bandwagon. Vodacom is taking control of Safaricom. Sappi is trying to improve its situation in European graphic paper. British American Tobacco is selling down ITC Hotels, while Brimstone is reducing its Oceana stake.
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 (Brait | Cell C | Italtile | Premier – RFG Holdings | Sanlam)
Cell C's offer is open to qualifying shareholders. Brait is enjoying a strong lift at Virgin Active. Premier - RFG have released their merger circular. Italtile is still struggling. Sanlam's numbers are going to become trickier to interpret.
Ghost Bites
Ghost Bites (Bell Equipment | Bidvest | Blue Label | Brimstone | CA Sales | RCL Foods | Santam | Sea Harvest | Sun...
CA Sales, RCL Foods, Santam and Sea Harvest all released solid numbers. Bidvest, Bell Equipment and Brimstone are struggling to various degrees. Sun International posted a resilient set of numbers. Blue Label has given more details on the Cell C restructure.
Ghost Bites
Ghost Bites (Accelerate Property Fund | AECI | Astoria | Brimstone | Glencore | Orion Minerals)
Glencore's production update shows a nasty drop in own sourced copper. AECI's turnaround is making good progress. Brimstone has been boosted by Sea Harvest. Accelerate Property Fund remains highly speculative. Orion Minerals released a quarterly report. Astoria is reducing its stake in OIH.
Ghost Bites
Ghost Bites (Gemfields | Merafe | MTN Zakhele Futhi | Novus | Primary Health Properties – Assura | Remgro – Mediclinic | Vunani)
Primary Health is making another desperate plea to Assura. MTN Zakhele Futhi is cashing in. Novus is up, but on shaky ground. Gemfields enjoyed decent support for the rights offer. Look out for Merafe, Mediclinic (Remgro) and Vunani as well.
Ghost Bites
Ghost Bites (Alphamin | AYO Technology | Brimstone | Fairvest – Collins Property | Jubilee Metals | MultiChoice | NEPI Rockcastle)
MultiChoice is still making losses. Fairvest has bought a few properties from Collins. Alphamin has a new majority shareholder. Jubilee Metals is selling the chrome and PGM assets. Brimstone's NAV plummeted. NEPI needs a new CEO. AYO got censured.
Ghost Bites
GHOST BITES (Quantum Foods | MultiChoice – Santam – Sanlam)
Quantum Foods achieved a substantial jump in earnings based on improved conditions in the poultry sector. Santam and Sanlam have implemented their deal related to MultiChoice's insurance business.
