Tag:
Dis-Chem
Ghost Bites
Ghost Bites (Fairvest | Mantengu | Premier Group – RFG Holdings)
Premier and RFG Holdings shareholders gave a resounding approval to the deal that will combine the groups. Fairvest is investing deeper in township fibre. Mantengu has commissioned the second chrome processing plant.
Ghost Bites
Ghost Bites (Aveng | British American Tobacco | Gemfields | RMB Holdings | Schroder European Real Estate | Stor-Age | Trematon)
Stor-Age raised capital at a premium to NAV. Gemfields looks brighter. Aveng won't be selling McConnell Dowell for now at least. British American Tobacco unlocked over R7 billion in cash. RMB Holdings received an expression of interest from Atterbury. Reality has hit at Trematon. Schroder European Real Estate is a struggle.
Ghost Bites
Ghost Bites (AB InBev | Adcorp | Datatec | Dis-Chem | Fairvest | Finbond | Greencoat | Optasia)
Beer volumes are still dropping at AB InBev. Dis-Chem is innovating from a position of strength. Datatec's earnings more than doubled. Great cost control is visible at Adcorp. Optasia's IPO was very successful. Fairvest is buying two malls. Greencoat needs more wind.
Ghost Bites
Ghost Bites (Accelerate Property Fund | Afrimat | Datatec | Finbond | Newpark REIT | SA Corporate Real Estate)
Afrimat has found some positive momentum. Accelerate released the critical Portside disposal circular. Datatec is flying. In other property news, Newpark REIT has updated earnings guidance and SA Corporate Real Estate is selling Bluff Towers. Finally, Finbond is profitable again.
Ghost Bites
Ghost Bites (HCI | MAS)
HCI's proposed deal to sell properties to SACTWU is far from a vanilla transaction. MAS' joint venture agreement with PK is a cautionary tale about the danger of unanimous approvals.
Ghost Bites
Ghost Bites (Capital Appreciation | Gemfields | MAS | Master Drilling | Vunani)
Capital Appreciation enjoyed a much better financial year. Gemfields has good news from Mozambique. MAS released the notice of the EGM. Master Drilling is increasing its stake in A&R. Vunani's results are poor.
Ghost Bites
Ghost Bites (Accelerate Property Fund | Capital Appreciation | Copper 360 | Dis-Chem | HCI | Huge | Insimbi | Mustek – Novus |...
Dis-Chem released results, but the market didn't like something about them. Santova announced a clever deal. Accelerate is raising R100m. Capital Appreciation looks strong. Mustek - Novus released the offer circular. Sirius is doing deals. Copper 360, HCI, Huge Group and Insimbi also released important updates.
Ghost Bites
Ghost Bites (African Rainbow Capital | Altron | Barloworld | Blue Label Telecoms | Dis-Chem | Exemplar | Hyprop – MAS | Pick n...
Pick n Pay's turnaround will take longer than planned. Barloworld's numbers are a critical backdrop to the current offer. ARC Investments will take many shareholders into the unlisted space. Look out for Altron, Blue Label Telecoms, Dis-Chem, Exemplar and Renergen as well, along with Hyprop's potential play for MAS.
