Tag:
Mr Price
Ghost Bites
Ghost Bites (ASP Isotopes | CA Sales | Hyprop | Mantengu | Sappi | Sirius Real Estate)
Hyprop shows that destination shopping can take the fight to eCommerce. ASP Isotopes and Sappi have significant deal news, while Sirius Real Estate and CA Sales are doing the type of deals that those groups are known for. Mantengu is very unhappy with its auditors.
Ghost Bites
Ghost Bites (Datatec | Heriot REIT | Prosus / Naspers)
Prosus and Naspers have given us a peek at earnings via a trading statement. Datatec has crystallised some of the value in Westcon International, with a special dividend of over R7 billion on the horizon. The Heriot family is injecting more assets into Heriot REIT.
Ghost Bites
Ghost Bites (Alexforbes | Master Drilling | MC Mining | Novus | Trematon)
Alexforbes posts single-digit growth. Master Drilling has declared a dividend based on recent trading conditions. MC Mining is raising debt from two shareholders. Novus has a small earnings decline. Trematon found a buyer for Generation Education.
Ghost Bites
Ghost Bites (The Foschini Group | Mr Price)
The Foschini Group hasn't stabilised yet, with negative operating leverage continuing to plague shareholders. Mr Price has enjoyed a partial share price recovery.
Ghost Bites
Ghost Bites (Aimia | Schroder European Real Estate | Tharisa)
Aimia's management letter is a great opportunity to learn about the JSE's new kid on the block. Schroder European Real Estate's valuation is still going the wrong way. Tharisa has begun the underground mining transition.
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.
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 (Aveng | Clientèle | Gemfields | Mr Price | Nedbank | Octodec | Sasol | SPAR)
There are no easy wins at Sasol, but there are no wins whatsoever at SPAR. Mr Price is pushing ahead with the NKD deal, while Nedbank's NCBA deal in Kenya is making progress. Aveng has many contracts to try and resolve. Gemfields is still facing market pressure in rubies. Octodec has a tricky property portfolio to run. Finally, Clientèle's numbers are complex, but trending higher.
