Tag:
Ethos Capital
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 (Altron | Ethos Capital | Exxaro | MTN Rwanda | Oceana | Pepkor | Redefine Properties | Santova)
Pepkor shows what is possible in retail. Santova paints a worrying picture around SA trade. Altron is a mixed bag, while Redefine looks solid and MTN Rwanda adds to the positivity around Africa. Oceana had a better than expected finish to the year. Ethos Capital is moving closer to a full value unlock. Exxaro sold a business.
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.
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 (Alphamin | Anglo American | Ethos Capital – Optasia | FirstRand)
Optasia will be listing on the JSE, bringing us a new fintech name to consider - but to what extent will Ethos Capital exit? Anglo American's future dance partner Teck Resources has suffered a wobbly. Alphamin released much better numbers. FirstRand's fight in the UK isn't over yet.
Ghost Bites
Ghost Bites (Anglo American | Attacq | Ethos Capital | Hyprop | Libstar | Premier Group | RFG Holdings)
Libstar might be headed for the exit. Attacq released excellent results and Hyprop's dividend nearly managed double-digit growth. Premier's earnings are expected to be much higher. RFG Holdings is struggling with weak demand. Anglo American is pushing deeper into copper. Ethos Capital flagged strong growth.
Ghost Bites
Ghost Bites (Alexander Forbes | Ethos Capital | Gemfields | Nutun | Renergen | Sasol | Stefanutti Stocks)
Renergen laughs in the face of cautionary announcement good practice with the ASP Isotopes offer. Sasol's capital markets day is worth a look. Numbers came in from Alexander Forbes, Ethos Capital, Nutun and Stefanutti Stocks. Gemfields released the prospectus for the rights offer.
Ghost Bites
GHOST BITES (Anglo American | Anglo American Platinum | aReit | Cashbuild)
Anglo American is ready to demerge Anglo American Platinum. Cashbuild has pulled the trigger on the acquisition of a few hardware stores. aReit has suffered large impairments.
