Tag:
Rex Trueform
Ghost Bites
Ghost Bites (Copper 360 | Merafe | Momentum | Pan African Resources | Sirius Real Estate | Tiger Brands)
Tiger Brands put in an exceptional margin performance. Sirius Real Estate had a busy period of deals. Pan African Resources had a record year of cash flow, but the market hated the guidance. Momentum is still living up to its name. NERSA has thrown Merafe a lifeline. Copper 360 finds no love in the market.
Ghost Bites
Ghost Bites (AngloGold | Greencoat Renewables | Pan African Resources | Sea Harvest | The Foschini Group)
AngloGold's free cash flow almost tripled year-on-year, while sector peer Pan African Resources is making progress on its deal in Australia. The Foschini Group's Australian story is becoming meme-worthy, with the group in trouble. Sea Harvest is officially out of Ladismith Cheese. Greencoat Renewables released quarterly numbers.
Ghost Bites
Ghost Bites (Accelerate Property Fund | MTN | Reinet)
Accelerate Property Fund is making a lot of progress with Fourways Mall, but there are other headaches. Reinet is receiving a massive war chest from the Pension Insurance Corp disposal. MTN has beefed up the board.
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 (Choppies | Grand Parade | Heriot REIT | Kore Potash | Remgro)
Remgro has plenty of cash, but will they ramp up their repurchases? Heriot REIT is growing very quickly for a property fund. Choppies and Grand Parade are both dealing with difficult markets. Kore Potash has several lines in the water, but they will need cash soon.
Ghost Bites
Ghost Bites (Anglo American | DRDGOLD | Labat Africa | WeBuyCars)
WeBuyCars is taking a big step with the acquisition of GoBid. DRDGOLD is crystallising renewable energy investments. Labat Africa's earnings have shot up. Anglo American has given a general update on major projects and the progress made in simplifying the group.
Ghost Bites
Ghost Bites (BHP | CMH | Goldrush | KAP | Labat | Richemont)
Richemont accelerated in the second quarter. CMH feels confident enough to do a large share buyback. BHP's court process regarding the disaster in Brazil is far from over. Goldrush is responding to market disruption. KAP has sold part of Unitrans.
Ghost Bites
Ghost Bites (Barloworld | Capital Appreciation | Ethos Capital | Fairvest | Tsogo Sun)
Fairvest's portfolio strategy is working beautifully. Barloworld is having another difficult year, whereas Ethos Capital is having a much better time of things. Tsogo Sun is excited about the casino opportunity in Somerset West. Capital Appreciation has settled the Dariel earn-out after it missed profit targets.
