Tag:
Labat Africa
Ghost Bites
Ghost Bites (Coronation | Labat Africa | Sappi | Sibanye-Stillwater)
Coronation's AUM dipped this quarter. Sappi is still negotiating detailed terms on the graphic paper JV. Sibanye-Stillwater held a useful capital markets day for the international and recycling operations. Labat Africa's numbers look fantastic, but the market is ignoring the stock.
Ghost Bites
Ghost Bites (Bell Equipment | MAS | Sirius Real Estate)
Bell Equipment had a tough year, but they've emerged with a stronger balance sheet. Sirius Real Estate has executed another deal in the German defence strategy. MAS shareholders jumped at the PK Investments bid.
DealMakers
Who’s doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies.
Ghost Bites
Ghost Bites (Hulamin | Labat Africa | Premier | The Foschini Group | York Timber)
Premier is the star of the show. The Foschini Group's trading statement is worrying. Hulamin made losses in 2025. York Timber needs a new CEO. Labat Africa has done a deal with pricing that looks almost too good to be true.
Ghost Bites
Ghost Bites (Libstar | Mr Price | Old Mutual | Primary Health Properties | SPAR | STADIO | Woolworths)
Libstar is doing much better than before. In related sector news, Woolworths is acquiring in2food from Old Mutual Private Equity. Separately, Old Mutual released results for 2025. Mr Price is still trying to convince the market that NKD is a good deal. STADIO is growing beautifully. SPAR has launched a voluntary severance programme. Primary Health Properties released results.
Ghost Bites
Ghost Bites (AVI | Choppies | Harmony Gold | Mpact | Pan African Resources | Santam | Southern Sun | Merafe | Sun International)
A busy day of earnings updates saw AVI, Mpact, Santam and Sun International give us a view on primarily the South African economy. Choppies has problems in Botswana. Harmony Gold gave an idea of earnings growth, while Pan African Resources is pressing forward in Australia. Southern Sun's deal for the Sandton properties has fallen through.
DealMakers
Who’s doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies.
Ghost Bites
Ghost Bites (AfroCentric | Cashbuild | Labat Africa | Libstar | Lighthouse Properties | Quilter | Sanlam | Woolworths)
Woolworths is putting up a good fight in the retail market. Quilter is extracting growth from the UK market, while Cashbuild has found a way to improve margins. Lighthouse is delivering decent returns. Sanlam is investing billions in ARC. Look out for AfroCentric numbers, a Libstar Capital Markets Day announcement and a deal at Labat Africa.
