Tag:
Reinet
Ghost Bites
Ghost Bites (Mr Price | Reinet | Valterra Platinum)
Mr Price is pushing ahead with the NKD deal. Valterra Platinum had a spectacular second half in 2025. Reinet's lack of share buybacks is a strong signal that they have big plans for their cash.
Ghost Bites
Ghost Bites (Clicks | Reinet | Sasol | South32 | Truworths)
Sasol had a huge day thanks to fuel volumes. Clicks and Truworths are perfect examples of how share prices respond based on expectations vs. results, not just the results themselves. South32 is on track this year. Reinet's NAV has dipped slightly.
Ghost Bites
Ghost Bites (Coronation | Old Mutual | Reinet | Telkom)
Coronation is enjoying double-digit growth, while Old Mutual is finding it hard to achieve a meaningful uplift in its business at the moment. Telkom is pushing the data story and with great success. Reinet is sitting on a pile of cash that is expected to get much bigger.
Ghost Bites
Ghost Bites (BHP | Metair | Oasis Crescent | Reinet | Sirius Real Estate | South32 | The Foschini Group | Zeder)
The Foschini Group had a hideous day. Metair and Sirius released juicy investor day presentations with loads of detail. BHP and South32 released quarterly updates. Look out for Oasis Crescent, Reinet and Zeder as well.
Ghost Bites
Ghost Bites (Adcock Ingram | MAS – Hyprop | Reinet | Sasol)
Sasol closed 6% lower after a production update and trading statement. Adcock Ingram rallied after a cautionary. Reinet's NAV moved lower as expected. MAS has called the meeting that was demanded by institutional shareholders.
Ghost Bites
Ghost Bites (Accelerate Property Fund | Assura – Primary Health Properties | Castleview | Jubilee Metals | MAS – Hyprop | Reinet | Sibanye-Stillwater...
The MAS situation is really heating up now, with the board giving strong views on the Hyprop offer. The Assura - Primary Health offer is going nowhere fast. Castleview has glaring capital raising inconsistencies. Sibanye announced an acquisition in the US. Accelerate's related party headaches continue. Jubilee Metals, Reinet and South32 released numbers.
Ghost Bites
Ghost Bites (Alphamin | Capitec | Hudaco | Reinet)
Reinet is selling Pension Insurance Corporation. It's too easy for Hudaco to blame the macro conditions. Alphamin had a much better quarter. Capitec's credit rating comes with a positive story about South Africa.
Ghost Bites
Ghost Bites (Absa | Crookes | Lesaka | PBT | Reinet | Remgro – eMedia | RMB Holdings | SA Corporate Real Estate |...
Absa's trading update reflects a much lower credit loss ratio. Lesaka is buying Bank Zero. Crookes and Sea Harvest gave us agri updates. Remgro is unbundling its eMedia exposure. Reinet might sell Pension Insurance Corp. RMB Holdings has a tough story to sell. SA Corporate Real Estate's update has fascinating read-through for grocery retail.
