Tag:
Sibanye-Stillwater
Ghost Bites
Ghost Bites (Accelerate Property Fund | MTN | Reinet)
Accelerate Property Fund is making a lot of progress with Fourways Mall, but there are other headaches. Reinet is receiving a massive war chest from the Pension Insurance Corp disposal. MTN has beefed up the board.
Ghost Bites
Ghost Bites (CA Sales | Exemplar REITail | Gemfields | Standard Bank | Trematon | York Timber)
CA Sales somehow grew profits in Botswana. Standard Bank's capital markets day has encouraging targets. Exemplar REITail is another fast-growing property fund. Gemfields and York Timber both find themselves in tough times. Trematon is selling Club Mykonos Langebaan to a CEO-led consortium.
Ghost Bites
Ghost Bites (Hulamin | Labat Africa | Premier | The Foschini Group | York Timber)
Premier is the star of the show. The Foschini Group's trading statement is worrying. Hulamin made losses in 2025. York Timber needs a new CEO. Labat Africa has done a deal with pricing that looks almost too good to be true.
Ghost Bites
Ghost Bites (Aspen | Exxaro | Investec | Momentum | Schroder European Real Estate)
Aspen has released the APAC deal circular. Exxaro's dividend is much higher. Investec's UK business is lagging. Momentum is largely positive. Schroder European Real Estate remains unappealing to me.
Ghost Bites
Ghost Bites (Anglo American | AngloGold | Dis-Chem | enX | Sibanye-Stillwater | Spar)
Dis-Chem is focusing on market share gains and the benefits of its rewards programme. Spar can only dream of that world, as they now scramble to find a new CEO. Major mining updates came in from Anglo American, AngloGold and Sibanye-Stillwater. enX is selling the rest of the WAI business to Trichem.
Ghost Bites
Ghost Bites (Araxi | Aveng | DRDGOLD | Glencore | Grindrod | Merafe | Pan African Resources | Sibanye-Stillwater | Transpaco)
Araxi announced the R1 billion acquisition of Pay@. Grindrod's core business is performing well. DRDGOLD, Glencore, Pan African Resources and Sibanye-Stillwater brought us a busy day of mining results. Merafe has been given a temporary lifeline by Eskom. Transpaco is struggling, while Aveng is at least slightly in the green now on HEPS.
Ghost Bites
Ghost Bites (Afrimat | BHP | MTN | Sirius Real Estate)
Afrimat is firmly between a rock and a hard place. BHP released excellent interim results. MTN is moving ahead with the acquisition of IHS. Sirius Real Estate raised nearly R1.7 billion for acquisitions in Germany.
Ghost Bites
Ghost Bites (Bidvest | DRDGOLD | Hyprop | Metair | Northam Platinum | Orion | Pick n Pay | RMB Holdings | Vukile Property...
Pick n Pay looks more like a basket case by the day, with losses increasing rather than improving. RMB Holdings announced an offer by the Atterbury consortium. Vukile Property Fund's local festive numbers look good. Other updates came in from Bidvest, DRDGOLD, Hyprop, Metair, Northam Platinum and Orion Minerals.
