Tag:
Novus
Ghost Bites
Ghost Bites (Absa | Crookes | Lesaka | PBT | Reinet | Remgro – eMedia | RMB Holdings | SA Corporate Real Estate |...
Absa's trading update reflects a much lower credit loss ratio. Lesaka is buying Bank Zero. Crookes and Sea Harvest gave us agri updates. Remgro is unbundling its eMedia exposure. Reinet might sell Pension Insurance Corp. RMB Holdings has a tough story to sell. SA Corporate Real Estate's update has fascinating read-through for grocery retail.
Ghost Bites
Ghost Bites (Gemfields | Merafe | MTN Zakhele Futhi | Novus | Primary Health Properties – Assura | Remgro – Mediclinic | Vunani)
Primary Health is making another desperate plea to Assura. MTN Zakhele Futhi is cashing in. Novus is up, but on shaky ground. Gemfields enjoyed decent support for the rights offer. Look out for Merafe, Mediclinic (Remgro) and Vunani as well.
DealMakers
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Ghost Bites
Ghost Bites (Assura – Primary Health Properties | MultiChoice | Naspers – Prosus | Pan African Resources)
Pan African Resources and Naspers/Prosus have both been winners for me this year, with latest numbers showing why. MultiChoice is in much pain. Assura is going ahead with the KKR/Stonepeak offer, not the Primary Health Properties merger.
Ghost Bites
Ghost Bites (Accelerate Property Fund | Capital Appreciation | Copper 360 | Dis-Chem | HCI | Huge | Insimbi | Mustek – Novus |...
Dis-Chem released results, but the market didn't like something about them. Santova announced a clever deal. Accelerate is raising R100m. Capital Appreciation looks strong. Mustek - Novus released the offer circular. Sirius is doing deals. Copper 360, HCI, Huge Group and Insimbi also released important updates.
Ghost Bites
Ghost Bites (Altvest | Bidcorp | British American Tobacco | Coronation | Datatec | Harmony | Insimbi Industrial | Novus | Pepkor | Reinet...
Harmony announced a major copper acquisition. British American Tobacco is selling more of its stake in ITC in India. Pepkor's results look great, as do Bidcorp and Datatec. Altvest, Coronation, Insimbi Industrial, Novus, Reinet, Stefanutti Stocks and Zeda added to a busy day.
Ghost Bites
GHOST BITES (CMH | Gemfields | HCI | Kore Potash | MTN Ghana | Novus – Mustek | Quantum Foods | Reinet | WeBuyCars)
MTN Ghana is off to a great start this year, with Quantum Foods, WeBuyCars and Kore Potash also delivering positive news. Reinet looks flat this quarter. CMH is facing serious problems. The latest auction results at Gemfields look a bit odd. HCI's latest oil drilling is a disappointment. The TRP got a bloody nose on the Novus - Mustek deal.
Ghost Bites
GHOST BITES (CMH | Purple Group)
CMH is running out of gears in a disrupted automotive industry. Purple Group is now on the right part of the J-curve, evidenced by the latest numbers.
