Tag:
Finbond
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.
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 (Africa Bitcoin Corporation | Finbond | Gemfields | Heriot REIT | Prosus – Naspers | Texton)
Prosus is acquiring La Centrale in France, marking OLX's entry into Western European classifieds. Gemfields will be more cautious going forwards. Finbond announced an interesting deal. Heriot and Texton released numbers in the property sector. Africa Bitcoin Corporation is raising capital for ACOF as well now.
Ghost Bites
Ghost Bites (Bytes Technology | Finbond | Lighthouse Properties | SA Corporate Real Estate)
SA Corporate Real Estate is another example of inflation-beating distribution growth in the property sector. Bytes Technology is expecting flat earnings. Finbond has swung into the green. Lighthouse Properties has good news about a recently announced deal.
Ghost Bites
Ghost Bites (MAS | Northam Platinum | Super Group)
MAS put out strong numbers, with the market hoping for a return to dividends as soon as possible. Northam Platinum's costs are running far too hot. Super Group's continuing operations are down, but not by much.
Ghost Bites
Ghost Bites (Assura – Primary Health Properties | South32)
Assura shareholders aren't exactly rushing to accept the Primary Health Properties offer, with Primary Health releasing a trading update to try and drive more acceptances. South32 is getting rid of the nickel mine in Colombia.
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.
