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South Ocean Holdings
Ghost Bites
Ghost Bites (AfroCentric | Cashbuild | Labat Africa | Libstar | Lighthouse Properties | Quilter | Sanlam | Woolworths)
Woolworths is putting up a good fight in the retail market. Quilter is extracting growth from the UK market, while Cashbuild has found a way to improve margins. Lighthouse is delivering decent returns. Sanlam is investing billions in ARC. Look out for AfroCentric numbers, a Libstar Capital Markets Day announcement and a deal at Labat Africa.
Ghost Bites
Ghost Bites (Aspen | Brimstone | Caxton | Discovery | iOCO | Nedbank | Optasia | Sea Harvest | Shoprite | WBHO | Weaver)
Sea Harvest just had the year of their lives. Nedbank has taken major transformative steps. Shoprite is still growing despite the low-inflation environment. Aspen, Brimstone, Caxton, Discovery, iOCO, Optasia, WBHO and Weaver rounded out a busy day on the market.
Ghost Bites
Ghost Bites (Araxi | Glencore | Hyprop | Nedbank | Raubex | Sabvest)
Glencore's Capital Markets Day is a love letter to copper. Nedbank has had a very poor year, while Sabvest has grown beautifully. Hyprop is looking to raise R300 million. Raubex may sell Bauba Resources and Araxi may buy a business in the payments space.
Ghost Bites
Ghost Bites (Araxi | Equites Property Fund | Exxaro | FirstRand | Merafe | Resilient | Shaftesbury | Sibanye-Stillwater)
Equites raised over R700 million. Sibanye locked in a gold wage deal. Exxaro is running slightly behind guidance. FirstRand's UK hangover continues, but the rest looks good. Resilient expects double-digit growth. Araxi's Software business remains a problem. Merafe is putting two smelters on care and maintenance. Shaftesbury's London West End portfolio is strong.
Ghost Bites
Ghost Bites (Accelerate Property Fund | Alexforbes | Equites Property Fund | Fairvest | Hyprop | Lighthouse Properties | Nutun | Remgro | Standard...
A very busy day of property news saw updates from Accelerate, Equites, Fairvest, Hyprop and Lighthouse, with tailwinds visible across the sector. Alexforbes and Standard Bank gave important financial sector updates. Remgro wants to increase its exposure to Mediclinic SA. Tharisa's SARS victory saved their numbers. Nutun desperately needs to swing to profitability.
Ghost Bites
Ghost Bites (Africa Bitcoin Corporation | Alphamin | ArcelorMittal | enX | Kore Potash | Pepkor)
Pepkor has closed the Legit et al transaction and is ready to find those synergies. ArcelorMittal is fighting with the unions. Kore Potash might attract a buyer. enX's continuing operations look tough. Alphamin released detailed financials. Africa Bitcoin Corporation bought a bitcoin.
Ghost Bites
Ghost Bites (Aspen | Blue Label | Curro | Exxaro | Octodec | Spur | WBHO)
There's no sign of recovery in the Aspen share price. Conversely, Blue Label just keeps aiming for the stars. Exxaro, Spur, Octodec and WBHO all had positive stories. Curro is suffering with a slow and steady decline in numbers.
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.
