Tag:
MC Mining
Ghost Bites
Ghost Bites (Boxer | CMH | Emira | HCI | MC Mining | PSG Financial Services | Vukile)
Boxer and Vukile show us where the growth is in South Africa, while Emira is struggling with its property portfolio. CMH has done a great job in a changing automotive environment. PSG Financial Services is going from strength to strength. HCI keeps jumping through hoops for SACTWU. MC Mining made a gross loss - not something you'll see very often!
Ghost Bites
Ghost Bites (Barloworld | Capital Appreciation | Ethos Capital | Fairvest | Tsogo Sun)
Fairvest's portfolio strategy is working beautifully. Barloworld is having another difficult year, whereas Ethos Capital is having a much better time of things. Tsogo Sun is excited about the casino opportunity in Somerset West. Capital Appreciation has settled the Dariel earn-out after it missed profit targets.
Ghost Bites
Ghost Bites (African Rainbow Minerals | Aveng | MAS | Nedbank | Sibanye-Stillwater | STADIO | Vodacom – Remgro)
The Prime Kapital parties almost have control of MAS. STADIO is growing strongly. Nedbank is selling Ecobank. Sibanye's earnings are up 19x year-on-year. Aveng's numbers are deeply in the red. African Rainbow Minerals bought more of Surge Copper. Vodacom and Remgro are nearly there with the fibre deal.
Ghost Bites
Ghost Bites (AB InBev | Anglo American | ArcelorMittal | British American Tobacco | Gemfields | Hammerson | Mondi | MTN Nigeria | Woolworths)
AB InBev got dumped, while the market celebrates British American Tobacco - but why? Anglo American is in the doldrums and ArcelorMittal is losing money at pace, while auction revenues have halved at Gemfields. Woolworths, MTN Nigeria and Hammerson are good-news stories, with positive trends at Mondi as well.
Ghost Bites
Ghost Bites (Assura – Primary Health Properties | Labat Africa | MC Mining | Ninety One | Orion Minerals | Southern Palladium)
Assura's reasons for changing their recommendation on KKR / Stonepeak look weaker by the day. Orion Minerals supports small shareholders. Ninety One's AUM moved higher. Labat Africa might dispose of businesses. MC Mining needs a turnaround at Uitkomst. Southern Palladium gives further details on the optimised prefeasibility study.
Ghost Bites
GHOST BITES (AngloGold | Brait | CMH | Gemfields | Glencore | Gold Fields | MTN Nigeria | Oceana | Renergen | Supermarket Income...
Glencore's trading update was punished by the market., while Brait's was rewarded Things look much better at MTN Nigeria. AngloGold and Gold Fields released news on deals. CMH, Gemfields, Oceana, Renergen and Supermarket Income REIT also had important updates.
Ghost Bites
GHOST BITES (Castleview – SA Corporate Real Estate | Remgro | Schroder European Real Estate)
Remgro's capital markets day proved that you should find someone who looks at you the way Remgro looks at dividends. Castleview bought more of SA Corporate Real Estate. In other property news, Schroder's valuation dropped again.
Ghost Bites
GHOST BITES (ArcelorMittal | Choppies | Libstar | OUTsurance | Renergen | SA Corporate | Thungela | York Timbers)
Renergen has finally filled a helium container. OUTsurance released exceptional numbers. Thungela is buying out the Australian minorities. Libstar released poor numbers. Look out for ArcelorMittal, Choppies, SA Corporate Real Estate and York Timbers as well.
