Tag:

Putprop

Ghost Bites (ArcelorMittal | Glencore | Shaftesbury Capital | Valterra Platinum)

ArcelorMittal has gone from bad to worse. Glencore is on track for full year production, while Valterra Platinum just banked the third highest interim profit in company history. Shaftesbury Capital's London West End strategy is paying off.

Ghost Bites (Argent Industrial | Balwin | Capitalworks | Mantengu | Ninety One | Valterra Platinum)

Argent Industrial lands another offshore acquisition. Balwin's take-private circular is out in the wild. Capitalworks has almost fully exited its stake in Premier. Mantengu has agreed terms for the Blue Ridge Platinum disposal. Ninety One has shown strong growth in AUM. Valterra Platinum's numbers look incredible at first blush, but be careful.

Ghost Bites (Fairvest | Ninety One | Putprop)

Fairvest has upgraded full year guidance, with B shareholders celebrating strong double-digit returns at the moment. Ninety One has returned to positive net inflows. Putprop is recycling capital into a property in Kramerville.

Ghost Bites (African Media Entertainment | Aspen | Delta Property Fund | Dis-Chem | Nampak | Remgro | SPAR)

SPAR is now a catastrophe. Dis-Chem's valuation makes it a sitting duck. Mediclinic is enjoying the benefit of operating leverage. Nampak was dragged down by one local segment. Aspen is considering share buybacks. African Media Entertainment is growing in a tough market. Delta Property Fund is making progress.

Ghost Bites (Finbond | Gemfields | Hyprop | MAS | Orion Minerals | Quantum Foods | Reunert | Richemont | Trematon)

Richemont has welcomed a return to growth in Asia Pacific. MAS is making big changes - and Hyprop is happy to be on the other side of a deal for a property in Bulgaria. Finbond, Gemfields and Reunert all have positives and negatives to consider. Orion Minerals raised capital, while Trematon might sell Generation Education.

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 (Astral Foods | MTN Ghana | Primary Health Properties)

Astral Foods has tightened its earnings guidance. MTN Ghana has banked another strong quarter. Primary Health Properties is delivering on merger synergies. And there are plenty of Nibbles today!

Ghost Bites (Anglo American | CMH | Kumba Iron Ore | Merafe)

CMH is a great example of how to overcome disruption. Anglo American is a mixed bag, with diamonds going from bad to worse. Kumba Iron Ore is doing well, but remains at the mercy of Transnet. Merafe's smelter operations were negligible in the latest quarter.