Tag:
Curro
Ghost Bites
Ghost Bites (ASP Isotopes | Exemplar REITail | Karooooo | Vukile Property Fund | Vunani)
ASP Isotopes is raising $210 million to take advantage of the jump in the share price. Vukile Property Fund is raising R2 billion for acquisitions. Karooooo released solid numbers. Exemplar REITail is buying two retail properties. Vunani's trading statement looks good.
Ghost Bites
Ghost Bites (Africa Bitcoin Corporation | Curro | eMedia | Orion Minerals | Prosus | Trustco)
Curro is ready to go private. Prosus can close the Just Eat Takeaway.com deal. eMedia is making a significant offshore investment. Africa Bitcoin Corporation needs to get up the J-curve a lot faster. Orion Minerals is enjoying strong capital raising support. Trustco has once again angered the JSE.
Ghost Bites
Ghost Bites (Accelerate Property Fund | Ascendis Health | Caxton & CTP | Gemfields | Schroder Real Estate)
Caxton achieved strong profit growth despite tepid newspaper conditions. Ascendis Health is thinking of delisting. Gemfields held its first emerald auction this year. Accelerate Property Fund sold a building. Schroder Real Estate's dividend could be at risk.
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 (Afrimat | Bidcorp | Blue Label Telecoms | Curro | OUTsurance | Spur | Transpaco)
Curro is becoming a non-profit organisation - and it all makes perfect sense. OUTsurance is flying. Punters took profit on Blue Label after results. Afrimat and Transpaco are having a tough time. Bidcorp put in a dependable performance. Spur has a legal battle around a rib plant.
Ghost Bites
Ghost Bites (ADvTECH | Clientele | Fairvest | Harmony | Hulamin | Italtile | Momentum | Sasol)
Fairvest's capital raise is a sign of frothiness creeping back into the property sector. ADvTECH, Clientele and Momentum released excellent numbers. Sasol's debt reduction and free cash flow got the market excited. Harmony didn't capitalise on gold price opportunities. Italtile posted resilient numbers, while Hulamin's performance was poor.
Ghost Bites
Ghost Bites (Aspen | Blue Label | Curro | Exxaro | Octodec | Spur | WBHO)
There's no sign of recovery in the Aspen share price. Conversely, Blue Label just keeps aiming for the stars. Exxaro, Spur, Octodec and WBHO all had positive stories. Curro is suffering with a slow and steady decline in numbers.
DealMakers
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
