Tag:
Gemfields
Ghost Bites
Ghost Bites (Finbond | Gemfields | Hyprop | MAS | Orion Minerals | Quantum Foods | Reunert | Richemont | Trematon)
Richemont has welcomed a return to growth in Asia Pacific. MAS is making big changes - and Hyprop is happy to be on the other side of a deal for a property in Bulgaria. Finbond, Gemfields and Reunert all have positives and negatives to consider. Orion Minerals raised capital, while Trematon might sell Generation Education.
Ghost Bites
Ghost Bites (DRDGOLD | Jubilee Metals | Sibanye-Stillwater | Quantum Foods)
Sibanye-Stillwater's quarterly update tells a story of rapid growth in earnings across the group. DRDGOLD's quarterly update is promising. Jubilee Metals is ramping up its copper production, but guidance is being revisited. Quantum Foods overcame a period of egg price deflation and grew earnings strongly.
Ghost Bites
Ghost Bites (CA Sales | Exemplar REITail | Gemfields | Standard Bank | Trematon | York Timber)
CA Sales somehow grew profits in Botswana. Standard Bank's capital markets day has encouraging targets. Exemplar REITail is another fast-growing property fund. Gemfields and York Timber both find themselves in tough times. Trematon is selling Club Mykonos Langebaan to a CEO-led consortium.
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 (Burstone | Bytes Technology | Discovery | Gemfields | Insimbi Industrial | MAS | Netcare)
Gemfields is having a tough time - and so is Bytes Technology. Burstone, MAS and Netcare released important financial updates. Discovery achieved exceptional returns on its CMT investment. Insimbi is trying to claw its way back.
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.
