Tag:
Optasia
Ghost Bites
Ghost Bites (CA Sales | Exemplar REITail | Gemfields | Standard Bank | Trematon | York Timber)
CA Sales somehow grew profits in Botswana. Standard Bank's capital markets day has encouraging targets. Exemplar REITail is another fast-growing property fund. Gemfields and York Timber both find themselves in tough times. Trematon is selling Club Mykonos Langebaan to a CEO-led consortium.
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 (Astral Foods | BHP | Ethos Capital | iOCO | Master Drilling | PPC | Sabvest | Vukile Property Fund)
BHP, the world's biggest mining house, has a new South African CEO. Astral Foods is printing money. iOCO, PPC and Sabvest are also doing well. Master Drilling had a somewhat flat year in earnings. Vukile is acquiring a property in Spain. Ethos Capital is in the final stages of unlocking value.
Ghost Bites
Ghost Bites (MTN | Optasia | South32 | Sun International)
MTN has over 300 million customers, a great growth story, and sadly a headache in Iran. Optasia's numbers are good, but what is this related party deal? Sun International has performed very well vs. the market. South32's Mozal Aluminium smelter is on care and maintenance.
Ghost Bites
Ghost Bites (Aspen | Brimstone | Caxton | Discovery | iOCO | Nedbank | Optasia | Sea Harvest | Shoprite | WBHO | Weaver)
Sea Harvest just had the year of their lives. Nedbank has taken major transformative steps. Shoprite is still growing despite the low-inflation environment. Aspen, Brimstone, Caxton, Discovery, iOCO, Optasia, WBHO and Weaver rounded out a busy day on the market.
Ghost Bites
Ghost Bites (Cell C | Ethos Capital | Mustek | KAP)
Cell C's maiden results as a listed company show us their growth engines, but also expense pressures. KAP is looking much better than before, and so is Mustek. Ethos Capital is repurchasing 41.5% of its shares in issue.
Ghost Bites
Ghost Bites (AfroCentric | Aspen | Novus – Mustek)
Aspen announced the disposal of Aspen APAC and the market loved it. AfroCentric is disposing of Activo and the market forgot to notice - for now, at least. And for Novus, a purchase of 3,000 shares has turned out to be very expensive in the Mustek deal.
Ghost Bites
Ghost Bites (CMH | Ethos Capital | HCI | Metair | SA Corporate Real Estate | Stefanutti Stocks | Valterra Platinum)
Metair's luck goes from bad to worse. Ethos Capital and HCI are busy with major deals, while Stefanutti Stocks has closed a disposal. SA Corporate Real Estate grew the distribution ahead of inflation. CMH repurchased over 7% of its shares. Valterra Platinum has an investment grade credit rating.
