Posts Tagged: Momentum Metropolitan
Unlock the Stock: Afrimat and Spear REIT
Afrimat’s track record is spectacular. Spear REIT is a highly respected property fund. On Unlock the Stock, you can learn about both companies.
RCL is far more than just a chicken business
RCL is far more than just a chicken business these days, which isn’t a bad thing.
Bidvest: strong trading profit growth in every division
Bidvest closed 3.8% higher after releasing results for the six months to December 2021.
Liberty Two Degrees: reversions continue to bite
Liberty Two Degrees holds stakes in some of the most iconic properties in the country
Alviva: 20% revenue growth excl. Tarsus
After teasing the market with a trading statement, Alviva has now released all the details of the interim results for the six months ended December 2021.
PSG Group and the Great Value Unlock
This is one of the biggest news stories on the JSE that we’ve seen in a while
JSE Limited: a cash cow in a shrinking field
You may not be aware of this, but the JSE Limited is listed on the JSE. You’re right in thinking that this sounds like the financial version of the movie Inception
Capital Appreciation on the deal train
The company has announced the acquisitions of three technology companies in South Africa and a 20% stake in a company in the Netherlands.
Woolworths won’t miss 2021
as released results for the 26 weeks to 26 December 2021. The share price rallied 6% despite a fair share of negative commentary on Twitter.
Cashbuild’s negative sales momentum continues
Cashbuild released its interim results for the six months ended 26 December 2021
Ghost Bites (British American Tobacco | Burstone | De Beers | EOH | Growthpoint | Hyprop | Momentum | Orion | Quantum Foods | The Foschini Group)
Growthpoint and Hyprop both suffered a dip in earnings, but only one suspended dividends. Look out for British American Tobacco, Burstone, De Beers, EOH, Momentum, Orion, Quantum Foods and The Foschini Group as well.
Ghost Bites (African Rainbow Capital | Argent Industrial | Coronation | Deneb | Momentum | Sibanye | Sirius | Southern Sun | Telkom)
Capital raises are suddenly the theme on the market, with African Rainbow Capital, Sirius and Sibanye all getting involved. These raises certainly aren’t created equal, though.
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 (Attacq | Gemfields | Growthpoint | Lesaka | Old Mutual | Momentum Metropolitan | Pan African Resources | Putprop | Universal Partners)
Attacq, Growthpoint and Putprop reported in the property sector. Gemfields needs better emeralds and Pan African needs more gold. Old Mutual and Momentum gave us financial services news. Lesaka and Universal Partners also released news.
Ghost Bites (African Rainbow Minerals | Blue Label Telecoms | Momentum Metropolitan | South32 | Workforce)
Look out for mining updates from African Rainbow Minerals and South32, along with earnings from Blue Label Telecoms, Momentum Metropolitan and Workforce.
Ghost Bites (Crookes Brothers | Hudaco | Huge Group | Invicta | Momentum Metropolitan | Pepkor | Primeserv | Sirius | Tiger Brands | Trustco)
Pepkor and Tiger demonstrated the pain in lower income consumer groups in South Africa. Crookes announced a major deal, as did Hudaco. Other updates came from Huge, Invicta, Momentum, Primeserv, Sirius and Trustoco.
Ghost Bites (Finbond | ISA Holdings | Mahube Infrastructure | Pan African Resources | Quantum Foods | Texton | Tradehold | Transcend Residential Property Fund)
Earnings at Quantum Foods and a production guidance decrease at Pan African Resources were arguably the biggest stories on a day that included news from a few small caps on the local market.
Ghost Bites (Anglo American | Cognition | Fortress | JSE Limited | Momentum Metropolitan | Mustek | Quilter | Putprop | Royal Bafokeng | Sea Harvest)
From diamonds to property funds and the dangers of M&A to the risks of having too much stock, it’s all here in Ghost Bites today.
Ghost Bites (Anglo American | Blue Label Telecoms | Discovery | Distell | Harmony | Gold Fields | Momentum Metropolitan | Mondi | Quantum Foods | Tongaat | Truworths)
It was another wildly busy day of updates on the JSE, with news across various sectors like mining, financial services, retail and food production.
Ghost Bites (Glencore investor update | Schroder results)
Glencore chose an excellent day to release an investor update, with little other news on the market. Schroder European Real Estate is looking good on key metrics.
