Tag:
Pepkor
Ghost Bites
Ghost Bites (ASP Isotopes | ISA Holdings | Sephaku | The Foschini Group)
The Foschini Group's share price is still sliding. Sephaku is a reminder of how regional the cement industry is. ASP Isotopes seems to be on the right side of Trump. ISA Holdings reported good numbers.
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 (Africa Bitcoin Corporation | Alphamin | ArcelorMittal | enX | Kore Potash | Pepkor)
Pepkor has closed the Legit et al transaction and is ready to find those synergies. ArcelorMittal is fighting with the unions. Kore Potash might attract a buyer. enX's continuing operations look tough. Alphamin released detailed financials. Africa Bitcoin Corporation bought a bitcoin.
Ghost Bites
Ghost Bites (Altron | Ethos Capital | Exxaro | MTN Rwanda | Oceana | Pepkor | Redefine Properties | Santova)
Pepkor shows what is possible in retail. Santova paints a worrying picture around SA trade. Altron is a mixed bag, while Redefine looks solid and MTN Rwanda adds to the positivity around Africa. Oceana had a better than expected finish to the year. Ethos Capital is moving closer to a full value unlock. Exxaro sold a business.
Ghost Bites
Ghost Bites (Altron | Blu Label | Gemfields | Jubilee Metals | Mondi | Sirius | Tharisa | Vunani)
Mondi had a truly awful day. Blu Label released financial targets for Cell C. Altron flagged solid growth in earnings and Sirius also released a financial update. Gemfields just cannot catch a break. Vunani is merging its fund management business with Sentio. Tharisa has won in court against SARS. Jubilee Metals gave an update on its portfolio and SA disposal.
Ghost Bites
Ghost Bites (Barloworld | Capitec | SPAR)
Capitec remains South Africa's most impressive corporate story. At literally the opposite end of the spectrum, we find SPAR with poor growth and clearly no real idea how to fix it. Barloworld has waived the COMESA condition and the offer is now closing this month.
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.
