Tag:
Dis-Chem
Ghost Bites
Ghost Bites (African Rainbow Minerals | Altron | NEPI Rockcastle | Octodec | RCL Foods | Redefine Properties | Super Group)
Altron's strategy is working beautifully, while Super Group's strategic pivots have changed the trajectory of the business. RCL Foods has given tighter guidance on its sugar troubles. NEPI Rockcastle and Redefine Properties gave important updates. Octodec is selling Killarney Mall. African Rainbow Minerals was boosted by the PGM business.
Ghost Bites
Ghost Bites (Aveng | Clientèle | Gemfields | Mr Price | Nedbank | Octodec | Sasol | SPAR)
There are no easy wins at Sasol, but there are no wins whatsoever at SPAR. Mr Price is pushing ahead with the NKD deal, while Nedbank's NCBA deal in Kenya is making progress. Aveng has many contracts to try and resolve. Gemfields is still facing market pressure in rubies. Octodec has a tricky property portfolio to run. Finally, Clientèle's numbers are complex, but trending higher.
Ghost Bites
Ghost Bites (Anglo American | AngloGold | Dis-Chem | enX | Sibanye-Stillwater | Spar)
Dis-Chem is focusing on market share gains and the benefits of its rewards programme. Spar can only dream of that world, as they now scramble to find a new CEO. Major mining updates came in from Anglo American, AngloGold and Sibanye-Stillwater. enX is selling the rest of the WAI business to Trichem.
Ghost Bites
Ghost Bites (Datatec | Glencore | Harmony Gold | Hyprop | Impala Platinum | Mpact | The Foschini Group | RCL Foods | Southern...
The Foschini Group released an ugly set of numbers, while Hyprop confirmed an important retail trend. Southern Sun has locked in a great deal. There are mining updates from Glencore, Harmony Gold and Impala Platinum. 377 jobs are on the line at Mpact. At RCL Foods, the sugar industry is hurting them. Super Group is on the wrong end of the UK automotive sector. Zeder is finally selling Zaad. Datatec announced a bolt-on acquisition.
Ghost Bites
Ghost Bites (Cashbuild | Pan African Resources | Spear REIT)
Pan African Resources is quite literally printing cash at the moment. At the other end of the spectrum, Cashbuild has painted a worrying picture about our economy. At Spear REIT, the focus on the Western Cape continues to pay dividends - literally.
Ghost Bites
Ghost Bites (Coronation | Karooooo | Quilter)
Quilter's growth rate in assets under management and administration is impressive to say the least. Closer to home, Coronation is also growing strongly. Karooooo's margins contracted this quarter, but top-line growth is still solid.
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.
