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RMB Holdings
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!
Ghost Bites
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.
Ghost Bites
Ghost Bites (Coronation | Labat Africa | Sappi | Sibanye-Stillwater)
Coronation's AUM dipped this quarter. Sappi is still negotiating detailed terms on the graphic paper JV. Sibanye-Stillwater held a useful capital markets day for the international and recycling operations. Labat Africa's numbers look fantastic, but the market is ignoring the stock.
DealMakers
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies.
