Tag:
enX
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 (Africa Bitcoin Corporation | Alphamin | ArcelorMittal | enX | Kore Potash | Pepkor)
Pepkor has closed the Legit et al transaction and is ready to find those synergies. ArcelorMittal is fighting with the unions. Kore Potash might attract a buyer. enX's continuing operations look tough. Alphamin released detailed financials. Africa Bitcoin Corporation bought a bitcoin.
Ghost Bites
Ghost Bites (Astoria | FirstRand | iOCO | Pick n Pay)
Pick n Pay's losses remain stubbornly high, with reasons for investors to be concerned about this turnaround. iOCO is doing well these days and has given strong guidance. FirstRand took a 20.1% stake in Optasia. Astoria is adding its name to the list of companies that would prefer to build in private.
Ghost Bites
Ghost Bites (Adcock Ingram | MAS – Hyprop | Reinet | Sasol)
Sasol closed 6% lower after a production update and trading statement. Adcock Ingram rallied after a cautionary. Reinet's NAV moved lower as expected. MAS has called the meeting that was demanded by institutional shareholders.
Ghost Bites
Ghost Bites (Assura – Primary Health Properties | Labat Africa | MC Mining | Ninety One | Orion Minerals | Southern Palladium)
Assura's reasons for changing their recommendation on KKR / Stonepeak look weaker by the day. Orion Minerals supports small shareholders. Ninety One's AUM moved higher. Labat Africa might dispose of businesses. MC Mining needs a turnaround at Uitkomst. Southern Palladium gives further details on the optimised prefeasibility study.
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 (MAS | Renergen | Stefanutti Stocks | Tharisa)
MAS has heated up once more, with a group of local asset managers firing a salvo at the board. Renergen is in dispute with a shareholder in Tetra4. Tharisa's production is up, but guidance is under pressure. Stefanutti Stocks has a new deal to sell Mozambique and Mauritius.
Ghost Bites
GHOST BITES (4Sight | Alphamin | Assura | Dipula Properties | enX | Europa Metals)
4Sight has done a clever B-BBEE deal. Dipula Properties achieved modest growth. enX misses loadshedding. Alphamin's detailed Q1 financials are available. Europa Metals looks set to be wound up.
