Tag:
Mantengu
Ghost Bites
Ghost Bites (4Sight | Emira Property Fund | ISA Holdings | Reinet | Sygnia | Telkom)
In the tech sector, 4Sight and ISA Holdings waved the flag for the small caps. Sygnia had an excellent period and Telkom shareholders are also celebrating. Reinet is the definition of a fortress balance sheet. It's a slow and steady story at Emira Property Fund.
Ghost Bites
Ghost Bites (Altron | Exemplar REITail | Netcare | Omnia | Pick n Pay | PPC | RMB Holdings)
Pick n Pay's core business is still going backwards. Altron's numbers look spectacular, with positive news also coming in from Exemplar REITail, Netcare, Omnia and PPC. RMB Holdings has heavily impaired its NAV.
Ghost Bites
Ghost Bites (Africa Bitcoin Corporation | Balwin | Mantengu | Southern Sun | Vukile Property Fund)
Balwin is set to go private thanks to the PIC. Southern Sun achieved excellent growth. Vukile Property Fund easily raised the funds for the Italian expansion. Africa Bitcoin Corporation's best business is ACOF. Mantengu is mulling over a reverse takeover.
Ghost Bites
Ghost Bites (Equites Property Fund | KAL Group | Karooooo | NEPI Rockcastle | Reunert | Tharisa)
Equites Property Fund and NEPI Rockcastle are good reminders of the strength of REITs. KAL Group is one of the last "cheap" South African assets. Karooooo upset the market with its margins this year, but they are playing the long game. Reunert has been dragged down by its cables business. Tharisa's earnings have skyrocketed.
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 (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 (ADvTECH | FirstRand | Greencoat Renewables | Impala Platinum | Sanlam | STADIO)
Education sector duo ADvTECH and STADIO are showing excellent growth. FirstRand's improvement in certain metrics is extraordinary. Sanlam's numbers are complex. Impala Platinum can be grateful for PGM prices. Greencoat Renewables is embarking on major share buybacks.
Ghost Bites
Ghost Bites (Brait | Merafe | MTN Nigeria | Northam Platinum | Vukile Property Fund)
MTN Nigeria had a great year in 2025, but nothing comes close to the positive swing at Northam Platinum. Vukile is acquiring its first property in Madrid. Brait has sold R1 billion worth of shares in Premier. Merafe's 2025 numbers were horrible, as is to be expected when smelters were gathering dust.
