Tag:
Merafe
Ghost Bites
Ghost Bites (BHP | British American Tobacco | Mahube Infrastructure | Merafe | Thungela)
Thungela updated the market on a tough year. British American Tobacco has reaffirmed 2026 guidance. BHP unlocked capital through a BlackRock infrastructure deal. Merafe is hoping for progress with Eskom. Mahube Infrastructure may be leaving our market.
Ghost Bites
Ghost Bites (Araxi | Equites Property Fund | Exxaro | FirstRand | Merafe | Resilient | Shaftesbury | Sibanye-Stillwater)
Equites raised over R700 million. Sibanye locked in a gold wage deal. Exxaro is running slightly behind guidance. FirstRand's UK hangover continues, but the rest looks good. Resilient expects double-digit growth. Araxi's Software business remains a problem. Merafe is putting two smelters on care and maintenance. Shaftesbury's London West End portfolio is strong.
Ghost Bites
Ghost Bites (Attacq | Mantengu | Nedbank | Pepkor | Sea Harvest | Stefanutti Stocks | Zeda)
Pepkor is just going from strength to strength - and starting a bank! Sea Harvest is grateful for the focus on hake. Zeda's earnings are up, but not for the best reasons. Attacq is on track. Stefanutti Stocks still has work to do on the balance sheet. Nedbank has settled with Transnet. Mantengu has swung sharply into losses.
Ghost Bites
Ghost Bites (Burstone | Life Healthcare | Momentum | NEPI Rockcastle | RFG Holdings | Southern Sun)
Momentum goes from strength to strength. Southern Sun has great occupancy, but cost pressures are evident, Life Healthcare is complex, but growing. NEPI Rockcastle and Burstone are doing all kinds of exciting things, yet earnings growth is relatively tame. RFG Holdings was dragged down by the International segment.
Ghost Bites
Ghost Bites (Altron | Ethos Capital | Exxaro | MTN Rwanda | Oceana | Pepkor | Redefine Properties | Santova)
Pepkor shows what is possible in retail. Santova paints a worrying picture around SA trade. Altron is a mixed bag, while Redefine looks solid and MTN Rwanda adds to the positivity around Africa. Oceana had a better than expected finish to the year. Ethos Capital is moving closer to a full value unlock. Exxaro sold a business.
Ghost Bites
Ghost Bites (Anglo American | Ascendis | Balwin | Kumba Iron Ore | Old Mutual | Santova | Valterra Platinum | WeBuyCars)
WeBuyCars was punished by the market. Old Mutual hosted a capital markets day. Ascendis wants to go private - again. Anglo, Kumba and Valterra Platinum released production updates.
Balwin and Santova released results.
Ghost Bites
Ghost Bites (BHP | Metair | Oasis Crescent | Reinet | Sirius Real Estate | South32 | The Foschini Group | Zeder)
The Foschini Group had a hideous day. Metair and Sirius released juicy investor day presentations with loads of detail. BHP and South32 released quarterly updates. Look out for Oasis Crescent, Reinet and Zeder as well.
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.
