Tag:
Thungela
Ghost Bites
Ghost Bites (Old Mutual | Orion Minerals | Tharisa)
Tharisa is transitioning to underground mining over the next decade. Orion Minerals increased the size of its capital raise once more. Old Mutual's new share repurchase programme is a good excuse to understand more about repurchases in general.
Ghost Bites
Ghost Bites (Barloworld | Capitec | SPAR)
Capitec remains South Africa's most impressive corporate story. At literally the opposite end of the spectrum, we find SPAR with poor growth and clearly no real idea how to fix it. Barloworld has waived the COMESA condition and the offer is now closing this month.
Ghost Bites
Ghost Bites (Altvest | AVI | Clientele | Metrofile | Sun International)
Altvest is going all-in on bitcoin. AVI's beverages business drove them forward. Sun International's casinos continue to struggle. Clientele's customer base is under pressure. Metrofile's margins went the wrong way.
Ghost Bites
Ghost Bites (Anglo American – Valterra Platinum | Aspen | Cashbuild | Discovery | Woolworths)
Woolworths takes the fight to Checkers. Discovery is showing excellent growth. Aspen had an awful year. Cashbuild is grinding away. Anglo American is selling the remaining shares in Valterra Platinum.
Ghost Bites
Ghost Bites (Absa | Aveng | CA Sales | MTN | Northam Platinum | Orion Minerals | Thungela)
Absa's earnings were boosted by the credit loss ratio. MTN punters took profit on Monday, but why? Thungela's commitment to its dividend is incredible. CA Sales flagged strong earnings, Northam Platinum had a rough time with Eland and Aveng is an ugly story in Australia. Orion Minerals raised over R20 million from retail investors.
Ghost Bites
Ghost Bites (Accelerate Property Fund | ASP Isotopes – Renergen | Assura – Primary Health Properties | MAS | Thungela)
The MAS board has confirmed that the Prime Kapital bid is legally valid. Accelerate Property Fund is a complex speculative play. Thungela's earnings have plummeted. The Assura - Primary Health offer is in its final stages. ASP Isotopes will list later this month.
Ghost Bites
Ghost Bites (4Sight | Argent Industrial | Growthpoint | Hyprop | Schroder European Real Estate | Sirius Real Estate | Thungela)
A busy day for property saw updates from Growthpoint, Hyprop, Schroder European Real Estate and Sirius Real Estate. We also saw financial updates from 4Sight, Argent Industrial and Thungela.
Ghost Bites
Ghost Bites (Assura – Primary Health Properties | Astoria | Gemfields | Powerfleet | Stor-Age | Vukile)
Vukile released strong numbers. Stor-Age's decreased payout ratio set a few hares running. Powerfleet needs profits, not just revenue growth. Look out for Assura - Primary Health, Astoria and Gemfields as well.
