Tag:
Sabvest
Ghost Bites
Ghost Bites (Deneb | Discovery | Equites Property Fund | Hammerson | Pick n Pay)
Pick n Pay might be improving, but they are still loss-making. Discovery has lofty medium-term targets. Equites Property Fund remains bullish on SA vs. UK. Hammerson is enjoying strong support in the debt markets. Deneb is acquiring 80% in Dawning Filters.
Ghost Bites
Ghost Bites (Old Mutual | Orion Minerals | Tharisa)
Tharisa is transitioning to underground mining over the next decade. Orion Minerals increased the size of its capital raise once more. Old Mutual's new share repurchase programme is a good excuse to understand more about repurchases in general.
Ghost Bites
Ghost Bites (Choppies | Metrofile | Momentum | Mustek | Orion Minerals | Supermarket Income REIT)
Momentum released excellent numbers, although they do have metrics that need work. Metrofile shareholders finally received an offer. Orion Minerals got the market excited with a funding package from Glencore. Mustek and Supermarket Income REIT are in the green, but not by much. Choppies is managing some growth in its core business.
Ghost Bites
Ghost Bites (MAS | Northam Platinum | Super Group)
MAS put out strong numbers, with the market hoping for a return to dividends as soon as possible. Northam Platinum's costs are running far too hot. Super Group's continuing operations are down, but not by much.
Ghost Bites
Ghost Bites (DRDGOLD | Equites Property Fund | Naspers – Prosus | Sabvest)
DRDGOLD is focusing on throughput more than yield. Equites Property Fund sold a large asset in the UK. The Naspers - Prosus growth story is firmly on track. Sabvest signed off on a great year.
Ghost Bites
Ghost Bites (Altvest | AngloGold Ashanti | Bell Equipment | Hyprop | Momentum | Raubex | Sabvest | Sirius Real Estate | Sygnia |...
Hyprop raised over R800m in cash. Sabvest is investing in pets. Raubex found no substance to whistleblower allegations and released results. We also saw numbers from Altvest, Bell Equipment, Momentum, Sirius Real Estate and Telkom. AngloGold is selling a mine.
Ghost Bites
GHOST BITES (ArcelorMittal | Sabvest)
ArcelorMittal is still winding down the long steel business. Sabvest had a particularly good year in 2024, with NAV growth well above recent averages.
Ghost Bites
GHOST BITES (Attacq | Cashbuild | Curro | Emira | Growthpoint | Old Mutual | Quilter | Spur | STADIO | Trellidor | Woolworths)
Woolworths released really disappointing numbers. Curro has a demand problem, but earnings are up for now. Attacq, Quilter, Spur and STADIO all had strong stories to tell. Trellidor and Growthpoint are on the up. Cashbuild and Old Mutual were less exciting. Emira sold a property portfolio.
