Tag:
Sappi
Ghost Bites
Ghost Bites (Adcock Ingram | MAS | Newpark | SA Corporate Real Estate | Sappi)
Sappi is digging for every cent they can. SA Corporate Real Estate is acquiring a large residential property portfolio. MAS has a significant change of direction. Adcock Ingram shareholders say yes to Natco Pharma. Newpark REIT was hurt by reversions.
Ghost Bites
Ghost Bites (ADvTECH | Blue Label Telecoms | Metair | MTN | RCL Foods | Sappi | The Foschini Group)
The market didn't like The Foschini Group's update, but Metair and MTN were a hit. RCL Foods had a rough second half. Sappi remains a rollercoaster ride. ADvTECH is buying another school. Blue Label is playing its cards close to its chest.
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 (Assura – Primary Health Properties | MultiChoice | Naspers – Prosus | Pan African Resources)
Pan African Resources and Naspers/Prosus have both been winners for me this year, with latest numbers showing why. MultiChoice is in much pain. Assura is going ahead with the KKR/Stonepeak offer, not the Primary Health Properties merger.
Ghost Bites
GHOST BITES (AB InBev | enX | Gemfields | KAL | Lesaka | Mondi | Prosus – Naspers | Sappi)
AB InBev's numbers reflect consumer trends with alcohol. Mondi and Sappi reported very divergent numbers. Prosus - Naspers released a shareholder letter. Lesaka's numbers are growing. KAL was impacted by fuel prices. Gemfields is digging for better emeralds. enX misses loadshedding.
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 (Absa – Standard Bank | Hulamin | MTN | RFG Holdings | Thungela)
There's a new sheriff in town at Absa - and it's Standard Bank's loss! MTN's gap between constant currency and reported earnings is still huge. RFG had trouble with pineapples. Hulamin had a poor year. Thungela released its 2024 results.
Ghost Bites
GHOST BITES (FirstRand | Grindrod | Lesaka Technologies | Lighthouse | MTN | Mustek | Sanlam)
FirstRand and Sanlam released strong financial services sector numbers. Lighthouse is acquiring a property in Madrid and Lesaka completed the Recharger acquisition. MTN Uganda released terrific numbers. Grindrod had a tough year. I still don't know why Novus wants Mustek.
