Tag:
Spur
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 (MTN Uganda | Schroder European Real Estate | Spur | Thungela)
Spur shareholders must stomach a legal provision of R129.5 million. Thungela's earnings and share price chart are world's apart. MTN Uganda requires a careful read. Schroder European Real Estate prepares for a managed wind-down.
Ghost Bites
Ghost Bites (Anglo American | Astral Foods | Calgro M3 | enX | Famous Brands | Harmony Gold | Nutun | Pick n Pay...
An enormous day of news saw 12 major corporate updates across multiple sectors, all covered in detail in Ghost Bites alongside the smaller Nibbles.
Ghost Bites
Ghost Bites (Discovery | Fortress Real Estate | KAP | Libstar | Nedbank | OUTsurance | Spur | Tiger Brands | Truworths)
Strong numbers came through from Discovery, Fortress Real Estate, Libstar and Spur. Tiger Brands is doing as well as they can in a deflationary environment. KAP is doing better on margins, but has much work to do on revenue. OUTsurance had a tough period in Australia, but decent numbers overall. Nedbank is struggling to find growth, while Truworths remains reliant on the UK.
Ghost Bites
Ghost Bites (Afrimat | Bidcorp | Blue Label Telecoms | Curro | OUTsurance | Spur | Transpaco)
Curro is becoming a non-profit organisation - and it all makes perfect sense. OUTsurance is flying. Punters took profit on Blue Label after results. Afrimat and Transpaco are having a tough time. Bidcorp put in a dependable performance. Spur has a legal battle around a rib plant.
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 (Alphamin | Assura – Primary Health Properties | Jubilee | Purple Group)
Purple Group's growth flywheel is spinning. Alphamin is back up and running at the Bisie tin mine. Assura has rejected the Primary Health Properties deal and gone with the all-cash offer from KKR/Stonepeak.
Ghost Bites
GHOST BITES (Datatec | enX | Ethos Capital | Growthpoint | Hulamin | Lighthouse | Metair | Sirius Real Estate)
In a busy day on the property sector, Growthpoint and Lighthouse announced results, while Sirius has another acquisition in the bag. Ethos Capital had a particularly strong period. Hulamin has flagged weak numbers. Metair has made progress on debt. enX declared a special dividend. Datatec released a useful presentation on Logicalis.

