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NEPI Rockcastle
Ghost Bites
Ghost Bites (ASP Isotopes | Assura – Primary Health Properties | Lesaka Technologies | Netcare | Orion Minerals | Renergen | York Timber)
Assura, Lesaka Technologies, Netcare and York Timber released important financial updates. Orion Minerals is raising money again. Renergen's latest quarterly update is light on production, heavy on corporate activity. ASP Isotopes has a temporary change of management and a new US customer.
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 (Blu Label | Choppies | KAL Group | MultiChoice | PPC | Renergen | York Timber)
Canal+ is in effective control of MultiChoice. Blu Label released full details for the Cell C listing, leading to plenty of differing opinions online. PPC's turnaround is working and even York Timber is looking better. Renergen has settled with Springbok Solar. Choppies is doing well in Botswana despite macroeconomic concerns. KAL Group is selling Agriplas.
Ghost Bites
Ghost Bites (Accelerate Property Fund | Ascendis Health | Caxton & CTP | Gemfields | Schroder Real Estate)
Caxton achieved strong profit growth despite tepid newspaper conditions. Ascendis Health is thinking of delisting. Gemfields held its first emerald auction this year. Accelerate Property Fund sold a building. Schroder Real Estate's dividend could be at risk.
Ghost Bites
Ghost Bites (African Rainbow Minerals | Bell Equipment | Copper 360 | Dipula Properties | Putprop)
African Rainbow Minerals had a poor period. Bell Equipment's cash is the highlight. Copper 360 needs to raise R1.15 billion in equity and Dipula Properties successfully raised R559 million. Putprop released results.
Ghost Bites
Ghost Bites (Capitec | Grindrod | KAP | Lighthouse | Nedbank | Truworths)
Capitec just doesn't stop growing, but Nedbank is acquiring iKhokha to try get a slice of the action. Truworths has suffered a earnings knock, with SA looking especially weak. KAP is doing worse than expected. Grindrod's core earnings are flat. Lighthouse's dividend is up.
Ghost Bites
Ghost Bites (FirstRand | KAP | Kore Potash | Premier | Southern Palladium | Telkom)
Telkom and Premier released excellent numbers, while KAP got a well-deserved klap from the market. Kore Potash has finally got a funding proposal on the table, but it doesn't come cheap. Southern Palladium is raising money. FirstRand's HSBC deal is a step closer to completion.
Ghost Bites
Ghost Bites (Fairvest | Fortress | Mr Price | MAS | Spear REIT | The Foschini Group)
Mr Price and The Foschini Group reported important numbers in the clothing and homeware sector. In property, we saw numbers from Fairvest and Fortress, while Spear REIT raised cash and MAS saw an improved indicative offer from PK.
