Tag:

Spear REIT

Ghost Bites (Grindrod | Impala Platinum | Shoprite)

The market celebrated the latest numbers at Shoprite. Grindrod went the other way, with flat HEPS in the latest period. There's a wild move in Impala Platinum's earnings.

Ghost Bites (AECI | Jubilee Metals | Lighthouse Properties | Merafe | Northam Platinum | Powerfleet | Sabvest)

The market didn't like the AECI results. Conversely, Lighthouse Properties is doing brilliantly, as are mining duo Merafe and Northam Platinum. Sabvest has announced a bolt-on deal at ITL. Jubilee Metals wants to sell its Large Waste Project. Powerfleet is still loss-making.

Ghost Bites (Alphamin | Brait | Tharisa)

Alphamin continues to ride the tin wave. Brait, while promising a value unlock, is executing a rights offer to put more money into Virgin Active. Tharisa's production metrics and projects are on track.

Ghost Bites (Mantengu | Northam Platinum | Purple Group | Schroder European Real Estate | Spear REIT)

Purple's Telescope AI deal is a good example of a vertical integration - at a price. In mining, Northam Platinum released strong production numbers, while Mantengu may have locked in a profit on the iron beneficiation plant. In property, Spear REIT sold two properties for a tidy profit, but it's time to put Schroder European Real Estate out of its misery.

Ghost Bites (Bank ratings upgrades | Mantengu | MAS | Oando)

Several SA banks have enjoyed a ratings upgrade from Fitch. A new bidder has emerged for Mantengu's Blue Ridge Platinum. PKMI's bid for MAS shares ended in a puff of smoke and not much else. Oando is a vertically integrated energy company that nobody talks about.

Ghost Bites (Lesaka Technologies | Spear REIT)

Lesaka Technologies wants to sweeten the deal for the executive chairman in the form of new share options. Spear REIT has met all conditions for the acquisition of Watergate Centre.

Ghost Bites (Remgro | South32)

South32 is getting out of the aluminium sector - and the market really likes the deal. Remgro has concluded the Mediclinic restructure.

Ghost Bites (Bell Equipment | Crookes Brothers | Merafe | Spear REIT)

Bell Equipment's earnings are dropping sharply. Spear REIT's year is off to a decent start. Merafe has reached a full agreement with Eskom around tariffs, enabling the restart of two smelters. Crookes Brothers was assaulted by Mother Nature.