Tag:
Hyprop
Ghost Bites
Ghost Bites (Brimstone | British American Tobacco | Hyprop | Sappi | Stor-Age | Vodacom)
Hyprop's bookbuild was a huge success and now Stor-Age is jumping on that bandwagon. Vodacom is taking control of Safaricom. Sappi is trying to improve its situation in European graphic paper. British American Tobacco is selling down ITC Hotels, while Brimstone is reducing its Oceana stake.
Ghost Bites
Ghost Bites (Araxi | Glencore | Hyprop | Nedbank | Raubex | Sabvest)
Glencore's Capital Markets Day is a love letter to copper. Nedbank has had a very poor year, while Sabvest has grown beautifully. Hyprop is looking to raise R300 million. Raubex may sell Bauba Resources and Araxi may buy a business in the payments space.
Ghost Bites
Ghost Bites (Accelerate Property Fund | Alexforbes | Equites Property Fund | Fairvest | Hyprop | Lighthouse Properties | Nutun | Remgro | Standard...
A very busy day of property news saw updates from Accelerate, Equites, Fairvest, Hyprop and Lighthouse, with tailwinds visible across the sector. Alexforbes and Standard Bank gave important financial sector updates. Remgro wants to increase its exposure to Mediclinic SA. Tharisa's SARS victory saved their numbers. Nutun desperately needs to swing to profitability.
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 (Deneb | Discovery | Equites Property Fund | Hammerson | Pick n Pay)
Pick n Pay might be improving, but they are still loss-making. Discovery has lofty medium-term targets. Equites Property Fund remains bullish on SA vs. UK. Hammerson is enjoying strong support in the debt markets. Deneb is acquiring 80% in Dawning Filters.
Ghost Bites
Ghost Bites (Anglo American | Attacq | Ethos Capital | Hyprop | Libstar | Premier Group | RFG Holdings)
Libstar might be headed for the exit. Attacq released excellent results and Hyprop's dividend nearly managed double-digit growth. Premier's earnings are expected to be much higher. RFG Holdings is struggling with weak demand. Anglo American is pushing deeper into copper. Ethos Capital flagged strong growth.
Ghost Bites
Ghost Bites (ADvTECH | Clientele | Fairvest | Harmony | Hulamin | Italtile | Momentum | Sasol)
Fairvest's capital raise is a sign of frothiness creeping back into the property sector. ADvTECH, Clientele and Momentum released excellent numbers. Sasol's debt reduction and free cash flow got the market excited. Harmony didn't capitalise on gold price opportunities. Italtile posted resilient numbers, while Hulamin's performance was poor.
Ghost Bites
Ghost Bites (AVI | Cashbuild | Hyprop – MAS | Merafe | Spear REIT)
Hyprop has terminated its MAS bid - but is this really the end? AVI grew despite a demanding base. Cashbuild is also in the green. Spear REIT announced an acquisition. Merafe is posting very worrying numbers.
