Tag:
Pepkor
DealMakers
Who’s doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Ghost Bites
Ghost Bites (AfroCentric | ArcelorMittal | ASP Isotopes | Barloworld | Invicta | iOCO | Motus | Shoprite)
Shoprite released more excellent numbers. iOCO is on a firm footing these days. Motus was helped by a decrease in debt. ASP Isotopes is hitting big milestones. Invicta is acquiring a UK business. Barloworld's sanctions investigation is complete. AfroCentric needs to find growth. ArcelorMittal has started shutting the Longs business.
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 | Gold Fields | Impala Platinum | MAS | Mpact | MultiChoice | Weaver Fintech)
MAS shareholders have a Prime Kapital offer to chew on. Gold Fields' HEPS more than tripled, but Impala Platinum's earnings dropped. Mpact needs a big second half. Weaver Fintech is flying. FirstRand's share price overhang seems to be gone. MultiChoice is restructuring Phuthuma Nathi's stake.
Ghost Bites
Ghost Bites (Accelerate Property Fund | Sea Harvest | Spear REIT | Valterra Platinum)
It's all eyes on the second half at Valterra Platinum. Sea Harvest's numbers are even better than previously guided. Spear REIT announced another acquisition. Accelerate Property Fund received reasonable support for the rights offer.
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 (Adcock Ingram | AECI | Karooooo | Mr Price | MultiChoice | Northam Platinum | Santam | Spear REIT | Vodacom)
The take-private bid for Adcock Ingram is juicy to say the least. Mr Price had a tough June but a resilient quarter overall. MultiChoice got the green light for the Canal+ deal. AECI, Karooooo, Northam Platinum and Vodacom released financial updates. Santam is growing offshore, while Spear REIT sticks to the Western Cape.
Ghost Bites
Ghost Bites (Blue Label | Collins Property Group | Finbond | MAS | Nampak | NEPI Rockcastle | Newpark | Nutun | Pepkor |...
Richemont released numbers, as did Pepkor at the other end of the retail spectrum.. Blue Label could list Cell C separately. Collins Property Group, MAS, NEPI Rockcastle and Newpark all had property sector news, in addition to Primary Health upping its play for Assura. Look out for Finbond, Nampak, Nutun and Tiger Brands as well.
