Tag:
Grindrod
Ghost Bites
Ghost Bites (African Rainbow Minerals | CA Sales | Grindrod)
PGMs carried African Rainbow Minerals through the latest period. At Grindrod, the Port and Terminals segment has more than offset the pressure in Logistics. CA Sales announced a bolt-on acquisition in South Africa.
Ghost Bites
Ghost Bites (Araxi | Aveng | DRDGOLD | Glencore | Grindrod | Merafe | Pan African Resources | Sibanye-Stillwater | Transpaco)
Araxi announced the R1 billion acquisition of Pay@. Grindrod's core business is performing well. DRDGOLD, Glencore, Pan African Resources and Sibanye-Stillwater brought us a busy day of mining results. Merafe has been given a temporary lifeline by Eskom. Transpaco is struggling, while Aveng is at least slightly in the green now on HEPS.
Ghost Bites
Ghost Bites (Glencore | Grindrod | Northam Platinum | Primary Health Properties | Shuka Minerals | Tharisa)
With SENS kicking into life, normal daily programming should resume soon. In the meantime, this catch-up edition deals with mining news from Glencore, Northam Platinum, Tharisa and junior house Shuka Minerals. Grindrod is enjoying strong port volumes in Mozambique. Primary Health Properties is off to a good start in life-after-Assura.
Ghost Bites
Ghost Bites (Anglo American | Grindrod | KAP | Libstar | Mr Price)
Mr Price blows up its investment thesis - and spectacularly. KAP is looking much better. Anglo American and Teck Resources shareholders approve the merger. Grindrod's performance is a mixed bag. Libstar continues to clean house.
Ghost Bites
Ghost Bites (4Sight | Insimbi | Jubilee Metals | Labat | Prosus | Safari Investments – Heriot | Stefanutti Stocks | Standard Bank)
Safari Investments plans to go private with Heriot - but at a cheeky price. Prosus will get 100% of Just Eat Takeaway.com. Standard Bank's performance is consistent. Labat is a very different company now. On a busy day, we also saw updates from the likes of 4Sight, Insimbi, Jubilee Metals and Stefanutti Stocks.
Ghost Bites
Ghost Bites (Altron | Equites | Harmony | Impala Platinum | KAP | Libstar | Metrofile | Rainbow Chicken | Sibanye-Stillwater | South32 |...
We are now firmly in earnings season, with numbers from Harmony, Impala Platinum, KAP, Libstar, Rainbow Chicken, Sibanye, South32, STADIO, Trellidor and Truworths. Important updates also came in from Altron, Equites Property Fund and Metrofile.
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 (Adcock Ingram | Gold Fields | Grindrod | Hulamin | MTN Zakhele Futhi)
Gold Fields is printing cash. Grindrod needs better numbers in Logistics. Hulamin needs better numbers everywhere. Adcock Ingram could delist later this year. MTN Zakhele Futhi estimates a residual value of R4 per share.
