Tag:
RMB Holdings
Ghost Bites
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
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 (Altron | Exemplar REITail | Netcare | Omnia | Pick n Pay | PPC | RMB Holdings)
Pick n Pay's core business is still going backwards. Altron's numbers look spectacular, with positive news also coming in from Exemplar REITail, Netcare, Omnia and PPC. RMB Holdings has heavily impaired its NAV.
Ghost Bites
Ghost Bites (Collins Property Group | Pick n Pay – Boxer | Spear REIT | Vukile Property Fund)
The market paid Pick n Pay a premium to VWAP for Boxer, but a discount to spot. In a busy day for the property sector, Vukile announced a capital raise to support an expansion to Italy, Spear REIT is in talks for a deal in the Western Cape and Collins Property Group released results.
Ghost Bites
Ghost Bites (Anglo American | Astral Foods | Calgro M3 | enX | Famous Brands | Harmony Gold | Nutun | Pick n Pay...
An enormous day of news saw 12 major corporate updates across multiple sectors, all covered in detail in Ghost Bites alongside the smaller Nibbles.
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 (KAL Group | Metair | Pick n Pay | Vodacom)
Vodacom released an excellent trading statement. KAL Group is achieving double-digit growth. Pick n Pay is using a s189 to try and reduce store costs. Metair has refinanced its South African debt package.
Ghost Bites
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!
