Tag:
Supermarket Income REIT
Ghost Bites
Ghost Bites (Argent Industrial | City Lodge | Crookes Brothers | Delta Property | Kore Potash | Investec | Lewis | Mr Price |...
A busy day of news saw retail updates from Lewis and Mr Price, along with City Lodge and Netcare as strong growth stories. Investec is finding it harder to grow at the moment. Reunert has strong momentum, while Argent Industrial and Delta Property also have positive stories. Crookes Brothers shows how hard agri really is. Kore Potash and Supermarket Income REIT announced important corporate deals.
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 (BHP | CMH | Goldrush | KAP | Labat | Richemont)
Richemont accelerated in the second quarter. CMH feels confident enough to do a large share buyback. BHP's court process regarding the disaster in Brazil is far from over. Goldrush is responding to market disruption. KAP has sold part of Unitrans.
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 (Exemplar REITail | Octodec | Omnia | PPC | Raubex | Shoprite | Sibanye-Stillwater | Telkom | Tiger Brands | Vodacom)
In the grocery sector, we saw Shoprite with a quarterly update and Tiger Brands with a bullish narrative. In telcos, Vodacom had a great period and Telkom has built on the success of last year. Look out for Exemplar REITail and Octodec in property, along with Omnia, PPC and Raubex from the "real" economy. Finally, Sibanye settled with Appian.
Ghost Bites
Ghost Bites (Africa Bitcoin Corporation | Curro | eMedia | Orion Minerals | Prosus | Trustco)
Curro is ready to go private. Prosus can close the Just Eat Takeaway.com deal. eMedia is making a significant offshore investment. Africa Bitcoin Corporation needs to get up the J-curve a lot faster. Orion Minerals is enjoying strong capital raising support. Trustco has once again angered the JSE.
Ghost Bites
Ghost Bites (Choppies | Metrofile | Momentum | Mustek | Orion Minerals | Supermarket Income REIT)
Momentum released excellent numbers, although they do have metrics that need work. Metrofile shareholders finally received an offer. Orion Minerals got the market excited with a funding package from Glencore. Mustek and Supermarket Income REIT are in the green, but not by much. Choppies is managing some growth in its core business.
Ghost Bites
Ghost Bites (AVI | Cashbuild | Hyprop – MAS | Merafe | Spear REIT)
Hyprop has terminated its MAS bid - but is this really the end? AVI grew despite a demanding base. Cashbuild is also in the green. Spear REIT announced an acquisition. Merafe is posting very worrying numbers.
