Tag:
NEPI Rockcastle
Ghost Bites
Ghost Bites (MTN Rwanda | Resilient REIT | Sanlam | Standard Bank | Woolworths)
Growth in Africa is visible at Standard Bank and MTN Rwanda. Woolworths has a new CEO - and it's an internal appointment this time. Resilient REIT achieved double-digit dividend growth. Sanlam's results are complex.
Ghost Bites
Ghost Bites (Absa | Attacq | Burstone | CA Sales | Hyprop | Trellidor | Weaver)
Absa is dong very well at the moment, while Weaver Fintech is screaming up the J-curve. Attacq, Burstone and Hyprop bring you updates from the property sector. CA Sales has delivered a positive earnings surprise. Trellidor is in a very tough spot.
Ghost Bites
Ghost Bites (AVI | Choppies | Harmony Gold | Mpact | Pan African Resources | Santam | Southern Sun | Merafe | Sun International)
A busy day of earnings updates saw AVI, Mpact, Santam and Sun International give us a view on primarily the South African economy. Choppies has problems in Botswana. Harmony Gold gave an idea of earnings growth, while Pan African Resources is pressing forward in Australia. Southern Sun's deal for the Sandton properties has fallen through.
Ghost Bites
Ghost Bites (Brait | Merafe | MTN Nigeria | Northam Platinum | Vukile Property Fund)
MTN Nigeria had a great year in 2025, but nothing comes close to the positive swing at Northam Platinum. Vukile is acquiring its first property in Madrid. Brait has sold R1 billion worth of shares in Premier. Merafe's 2025 numbers were horrible, as is to be expected when smelters were gathering dust.
Ghost Bites
Ghost Bites (Discovery | Fortress Real Estate | KAP | Libstar | Nedbank | OUTsurance | Spur | Tiger Brands | Truworths)
Strong numbers came through from Discovery, Fortress Real Estate, Libstar and Spur. Tiger Brands is doing as well as they can in a deflationary environment. KAP is doing better on margins, but has much work to do on revenue. OUTsurance had a tough period in Australia, but decent numbers overall. Nedbank is struggling to find growth, while Truworths remains reliant on the UK.
Ghost Bites
Ghost Bites (African Rainbow Minerals | Altron | NEPI Rockcastle | Octodec | RCL Foods | Redefine Properties | Super Group)
Altron's strategy is working beautifully, while Super Group's strategic pivots have changed the trajectory of the business. RCL Foods has given tighter guidance on its sugar troubles. NEPI Rockcastle and Redefine Properties gave important updates. Octodec is selling Killarney Mall. African Rainbow Minerals was boosted by the PGM business.
Ghost Bites
Ghost Bites (Mr Price | NEPI Rockcastle)
Mr Price isn't backing off on the NKD deal, despite the absolute hatred for the transaction from the market. NEPI's pre-close update shows the importance of looking at per-share growth.
Ghost Bites
Ghost Bites (Anglo American | ASP Isotopes | DRDGOLD | Jubilee Metals | Nedbank | Schroder European Real Estate | South32)
ASP Isotopes will shortly implement the Renergen deal. Nedbank has finished the sale of Ecobank. Anglo American got another regulatory approval for Teck. Schroder European Real Estate has a tenant problem, South32 has an energy problem and DRDGOLD has a mining unions problem! Jubilee Metals looks ahead to a much better FY26 (hopefully).
