Tag:
Fortress REIT
Ghost Bites
Ghost Bites (Barloworld | Ethos | Naspers | Netcare | Sirius | Sun International | Tsogo Sun)
Barloworld banks a big result and announces the Zeda unbundling. Ethos Private Equity to merge with The Rohatyn Group. Naspers's HEPS swings into the red. Netcare is a case study in operating leverage. Sirius Real Estate grew strongly but is trading below NAV. Sun International shines on Grand Parade. Tsogo Sun Gaming shows that casinos cashed in.
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 (Purple Group | Brait | Shoprite | Telkom | Vodacom)
Brait is giving Premier the wings to fly. Purple Group is profitable in a post-pandemic world. Shoprite gets some love from the market. Investors put the phone down on Telkom. Vodacom's corporate colours were reflected in the share price.
Ghost Bites
Ghost Bites (Gold Fields | Massmart | MC Mining | MTN)
Gold Fields is now in a bidding war for Yamana Gold. All conditions for the buyout of Massmart have been met. MC Mining has raised A$40 million through a rights issue. MTN grows revenue and margins.
Ghost Bites
Ghost Bites Vol 88 (22) – Transaction Capital | MTN | Bell | Caxton
Transaction Capital and MTN successfully raised equity and debt capital respectively. Earnings updates came in from FirstRand, Bell, Caxton and York Timber. The JSE has paved the way for actively-managed ETFs.
Ghost Bites
Ghost Bites Vol 83 (22) – Cognition | Fortress | TRP Investigations
Cognition's results show how disconnected the market cap is from the balance sheet. Fortress REIT has given a view on life after being a REIT. The TRP is very busy with investigations.
Ghost Bites
Ghost Bites Vol 82 (22) – Massmart | Implats | Truworths | Santam | Fortress
Walmart hasn't wasted any time, with the offer to Massmart shareholders now formally made. Financial updates came in from Implats, African Rainbow Minerals, Santam, Sanlam, Fortress, Truworths and more.
Ghost Bites
Ghost Bites Vol 72 (22)
Fortress has confirmed that it is engaging with the JSE about the pending loss of REIT status. Financial updates came in from Adcock Ingram, Exxaro, Curro, Grindrod, Grindrod Shipping, Caxton, Blue Label and more.
