Tag:
Clientele
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 (CA Sales | Premier | Stor-Age | Vukile Property)
Vukile is doing well everywhere, while property sector peer Stor-Age's strong local performance is being diluted by tough conditions in the UK. It's Chuckles all round for Premier investors thanks to the Millbake numbers. CA Sales is dipping into digital with a new acquisition.
Ghost Bites
Ghost Bites (Clientèle | Crookes Brothers | KAP | Mantengu | Novus | Vunani | Vodacom – YeboYethu)
KAP got an unexpected boost from the Middle East conflict. Novus has much work to do. Crookes Brothers, Vunani and YeboYethu gave important earnings updates. Clientèle is a step closer to delisting. Mantengu wants to dispose of Blue Ridge Platinum.
Ghost Bites
Ghost Bites (Bidcorp | British American Tobacco | Burstone | Invicta | Momentum | Santova | Telkom)
Telkom is brimming with confidence, while Bidcorp and British American Tobacco are executing on their global business strategies. Invicta had a flat period, with Burstone also not giving investors much to get excited about. Santova is a good business in a tough environment. Momentum's capital markets day makes for good reading.
Ghost Bites
Ghost Bites (Equites Property Fund | KAL Group | Karooooo | NEPI Rockcastle | Reunert | Tharisa)
Equites Property Fund and NEPI Rockcastle are good reminders of the strength of REITs. KAL Group is one of the last "cheap" South African assets. Karooooo upset the market with its margins this year, but they are playing the long game. Reunert has been dragged down by its cables business. Tharisa's earnings have skyrocketed.
Ghost Bites
Ghost Bites (Clientèle | Glencore | Merafe | MTN | Santova)
Dividend darling Clientèle wants to delist. Glencore is telling a bullish story after Q1, with MTN Nigeria also enjoying the current oil situation. Merafe should have an answer on the electricity tariffs by June. Santova clawed back a lot of lost ground in the second half of the year.
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 (Bidvest | Clientèle | Italtile | JSE | Libstar | Merafe | MTN | RCL Foods | Thungela)
RCL Foods is navigating a bitter situation in sugar. Bidvest is building a hygiene giant. Italtile and Thungela are struggling, while the JSE and MTN are flying. Clientèle's business is showing encouraging signs. Merafe is kicking the can down the road.
