Tag:
Gemfields
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 (ArcelorMittal | Gemfields | Impala Platinum | MC Mining | Ninety One – Sanlam | Orion Minerals)
ArcelorMittal reported another huge loss. Impala Platinum is grateful for higher PGM prices. Gemfields signs off on an ugly year. MC Mining and Orion Minerals released quarterly updates. Ninety One and Sanlam concluded the SA component of their deal.
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.
Ghost Bites
Ghost Bites (Cashbuild | DRDGOLD | Gemfields | Labat Africa | Premier – RFG | PSG Financial Services | Sanlam | Vukile Property Fund)
Premier wants to acquire RFG in a share-for-share deal. Vukile raised far more than the planned R2 billion. PSG Financial Services banked excellent numbers. Sanlam's capital markets day reflects high growth targets. Updates came in from Cashbuild, DRDGOLD, Gemfields and Labat Africa as well.
Ghost Bites
Ghost Bites (Adcock Ingram | MAS | Newpark | SA Corporate Real Estate | Sappi)
Sappi is digging for every cent they can. SA Corporate Real Estate is acquiring a large residential property portfolio. MAS has a significant change of direction. Adcock Ingram shareholders say yes to Natco Pharma. Newpark REIT was hurt by reversions.
Ghost Bites
Ghost Bites (Altron | Blu Label | Gemfields | Jubilee Metals | Mondi | Sirius | Tharisa | Vunani)
Mondi had a truly awful day. Blu Label released financial targets for Cell C. Altron flagged solid growth in earnings and Sirius also released a financial update. Gemfields just cannot catch a break. Vunani is merging its fund management business with Sentio. Tharisa has won in court against SARS. Jubilee Metals gave an update on its portfolio and SA disposal.
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.
DealMakers
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
