Tag:
Richemont
Ghost Bites
Ghost Bites (Burstone | Life Healthcare | Momentum | NEPI Rockcastle | RFG Holdings | Southern Sun)
Momentum goes from strength to strength. Southern Sun has great occupancy, but cost pressures are evident, Life Healthcare is complex, but growing. NEPI Rockcastle and Burstone are doing all kinds of exciting things, yet earnings growth is relatively tame. RFG Holdings was dragged down by the International segment.
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 (Astral Foods | MTN | Ninety One | Pick n Pay | Prosus – Naspers | Sirius Real Estate | WeBuyCars)
Prosus/Naspers and Ninety One are flying. So is MTN, but only thanks to Africa. Astral Foods posted encouraging numbers. WeBuyCars had to adapt to significant disruption in the car market. The Ackermans are reducing their stake in Pick n Pay. Sirius looks ahead to the benefit of new acquisitions coming through.
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 (Boxer | CMH | Emira | HCI | MC Mining | PSG Financial Services | Vukile)
Boxer and Vukile show us where the growth is in South Africa, while Emira is struggling with its property portfolio. CMH has done a great job in a changing automotive environment. PSG Financial Services is going from strength to strength. HCI keeps jumping through hoops for SACTWU. MC Mining made a gross loss - not something you'll see very often!
Ghost Bites
Ghost Bites (Growthpoint | Metair | Old Mutual | Pan African Resources | Remgro)
Portfolio simplification at Growthpoint is a long slog. Old Mutual was boosted by short-term insurance. Pan African has given strong guidance. Metair is struggling, but surviving. Remgro released a trading statement.
Ghost Bites
Ghost Bites (Astoria | Collins Property | Glencore | Jubilee Metals | Quilter | Sirius Real Estate)
Glencore needs a big second half. Sirius Real Estate has done more deals, as has Collins Property. Quilter's dividend has grown much faster than earnings. Jubilee Metals guides for a big 2026 in copper. Astoria's NAV took a significant knock from diamonds.
Ghost Bites
Ghost Bites (AECI | Redefine)
AECI has announced a few asset disposals that the market loved, but they've also hinted at further acquisitions as well. Redefine is selling Rosebank Corner.
