Tag:
PPC
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.
Ghost Bites
Ghost Bites (Blu Label | Choppies | KAL Group | MultiChoice | PPC | Renergen | York Timber)
Canal+ is in effective control of MultiChoice. Blu Label released full details for the Cell C listing, leading to plenty of differing opinions online. PPC's turnaround is working and even York Timber is looking better. Renergen has settled with Springbok Solar. Choppies is doing well in Botswana despite macroeconomic concerns. KAL Group is selling Agriplas.
Ghost Bites
Ghost Bites (Aspen | Blue Label | Curro | Exxaro | Octodec | Spur | WBHO)
There's no sign of recovery in the Aspen share price. Conversely, Blue Label just keeps aiming for the stars. Exxaro, Spur, Octodec and WBHO all had positive stories. Curro is suffering with a slow and steady decline in 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 (Afrimat | Barloworld | Equites | Karooooo | Netcare | PPC | Sanlam | Southern Sun)
Afrimat will banish the latest year from memory and will look to the future. The offer for Barloworld looks more appealing by the day. There were strong numbers from Karooooo, Netcare, PPC, Sanlam and Southern Sun, while growth at Equites was muted due to having more shares in issue.
Ghost Bites
GHOST BITES (Ascendis | Capital Appreciation | CA Sales | Datatec | Fairvest | Heriot | Sirius Real Estate)
CA Sales locked in another excellent year. Datatec, Fairvest and especially Heriot are all growing. Sirius Real Estate announced more deals. Capital Appreciation has stemmed the software bleeding. Ascendis is now an investment entity.
Ghost Bites
GHOST BITES (AfroCentric | Aspen | Bidvest | Clientele | Italtile | JSE | MAS | Metrofile | MTN | Mustek | PPC |...
Aspen, MTN Ghana, PPC, RCL Foods and Santam all had particularly good stories to tell, with Clientele, JSE and MAS in the green as well. Bidvest was a mixed bag in 2024. Italtile pulled off a resilient performance in the end. AfroCentric released very poor numbers, with Metrofile and Mustek also deep in the red.
Ghost Bites
GHOST BITES (BHP Group | PPC | Richemont | Sirius Real Estate)
Richemont rallied after an excellent quarter. BHP Group has closed a copper deal. PPC is investing heavily in the Western Cape. Sirius Real Estate successfully tapped the debt markets.
