Tag:
Numeral
Ghost Bites
Ghost Bites (ACOF | Argent Industrial | Fortress Real Estate | Goldrush | Invicta | Lighthouse Properties | Naspers/Prosus | SA Corporate Real Estate)
Prosus is generating much better free cash flow outside of Tencent. Fortress Real Estate is raising capital. Important numbers came in from Argent Industrial, Goldrush, Invicta, Lighthouse Properties and SA Corporate Real Estate. ACOF is also showing promising signs.
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 (CA Sales | Premier | Stor-Age | Vukile Property)
Vukile is doing well everywhere, while property sector peer Stor-Age's strong local performance is being diluted by tough conditions in the UK. It's Chuckles all round for Premier investors thanks to the Millbake numbers. CA Sales is dipping into digital with a new acquisition.
Ghost Bites
Ghost Bites (Copper 360 | Merafe | Momentum | Pan African Resources | Sirius Real Estate | Tiger Brands)
Tiger Brands put in an exceptional margin performance. Sirius Real Estate had a busy period of deals. Pan African Resources had a record year of cash flow, but the market hated the guidance. Momentum is still living up to its name. NERSA has thrown Merafe a lifeline. Copper 360 finds no love in the market.
Ghost Bites
Ghost Bites (KAL Group | Metair | Pick n Pay | Vodacom)
Vodacom released an excellent trading statement. KAL Group is achieving double-digit growth. Pick n Pay is using a s189 to try and reduce store costs. Metair has refinanced its South African debt package.
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 (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 (Coronation | Karooooo | Quilter)
Quilter's growth rate in assets under management and administration is impressive to say the least. Closer to home, Coronation is also growing strongly. Karooooo's margins contracted this quarter, but top-line growth is still solid.
