Tag:
Sun International
DealMakers
Who’s doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Ghost Bites
Ghost Bites (Bytes Technology | Castleview | Goldrush | KAP – Sasol | Sun International)
Bytes Technology shed nearly a third of its value based on the AGM update. Sun International walks away from the Peermont deal. KAP is fighting with Sasol over ethylene supply. Goldrush responds to the noise around the National Lottery Licence. Castleview raises R200m.
Ghost Bites
Ghost Bites (Hyprop | Primary Health Properties – Assura | Trellidor)
Hyprop has sold a 50% share in Hyde Park Corner for R805 million, but what will they do with the money? Trellidor has sold Taylor Blinds and NMC South Africa for a solid price. Primary Health Properties shareholders love the Assura deal.
Ghost Bites
Ghost Bites (Attacq | Capital Appreciation | Grindrod | Nedbank | Sephaku | Sirius Real Estate)
Attacq is on track for full-year guidance. Nedbank had a soft start to the year. Grindrod is tough to gauge at the moment. Capital Appreciation and Sephaku have positive stories. Sirius Real Estate had no trouble raising debt funding.
Ghost Bites
GHOST BITES (Anglo American | Astral Foods | Gold Fields | Harmony Gold)
Gold Fields has made a play for Gold Road. Anglo American is still getting the Peabody deal across the line. Astral Foods had a really tough period. Harmony Gold is sitting on a record cash pile.
Ghost Bites
GHOST BITES (CMH | Gemfields | HCI | Kore Potash | MTN Ghana | Novus – Mustek | Quantum Foods | Reinet | WeBuyCars)
MTN Ghana is off to a great start this year, with Quantum Foods, WeBuyCars and Kore Potash also delivering positive news. Reinet looks flat this quarter. CMH is facing serious problems. The latest auction results at Gemfields look a bit odd. HCI's latest oil drilling is a disappointment. The TRP got a bloody nose on the Novus - Mustek deal.
Ghost Bites
GHOST BITES (Anglo American | Anglo American Platinum | Cashbuild | Gold Fields | Kumba Iron Ore | Supermarket Income REIT | Orion Minerals...
Anglo American, Anglo American Platinum and Kumba Iron Ore all released production updates. Further mining news came from Gold Fields and Orion Minerals. Cashbuild released a sales update. Zeder's financials show some pressure on Zaad's valuation. Supermarket Income REIT is seeding a joint venture.
Ghost Bites
GHOST BITES (4Sight | Afrimat | Barloworld | Capitec | Emira Property Fund | Quilter)
Capitec's results are exceptional. The PIC is accepting the Barloworld offer. Afrimat had a really tough year. Quilter's net inflows were good enough to offset market moves. 4Sight announced a solid deal. Emira needs a new CEO.
