Ghost Bites
GHOST BITES (British American Tobacco | Clicks | Copper 360 | Insimbi | Jubilee Metals | PSG Financial Services)
Clicks and PSG Financial Services both released excellent numbers. British American Tobacco reaffirmed guidance. Copper 360's balance sheet is improving. Jubilee's South African business is performing well. Insimbi is now loss-making.
Ghost Bites
GHOST BITES (Quantum Foods | MultiChoice – Santam – Sanlam)
Quantum Foods achieved a substantial jump in earnings based on improved conditions in the poultry sector. Santam and Sanlam have implemented their deal related to MultiChoice's insurance business.
Ghost Bites
GHOST BITES (Castleview – SA Corporate Real Estate | Remgro | Schroder European Real Estate)
Remgro's capital markets day proved that you should find someone who looks at you the way Remgro looks at dividends. Castleview bought more of SA Corporate Real Estate. In other property news, Schroder's valuation dropped again.
Ghost Bites
GHOST BITES (Delta Property Fund | Gemfields | Vukile Property Fund)
Gemfields needs to raise capital after things just didn't go their way in 2024. Vukile Property Fund is investing further in Portugal. Delta Property Fund is selling properties.
Ghost Bites
GHOST BITES (Anglo American | Choppies | Life Healthcare | Murray & Roberts | Renergen | Tharisa | Trematon)
Renergen scored an initial victory against Springbok Solar. Murray & Roberts is indeed a doughnut. Anglo's deal with Peabody is under fire. Life Healthcare has complex numbers. Tharisa's production came under pressure. Trematon's capital allocation looks off to me. Choppies is selling Choppies Zimbabwe.
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 (Anglo American | Anglo American Platinum | aReit | Cashbuild)
Anglo American is ready to demerge Anglo American Platinum. Cashbuild has pulled the trigger on the acquisition of a few hardware stores. aReit has suffered large impairments.
Ghost Bites
GHOST BITES (African Rainbow Capital | Sirius Real Estate | Trematon)
The African Rainbow Capital offer is apparently fair to shareholders - after some mental gymnastics. Sirius Real Estate had a great year. Trematon's portfolio value keeps trending lower.
Ghost Bites
GHOST BITES (CMH | Purple Group)
CMH is running out of gears in a disrupted automotive industry. Purple Group is now on the right part of the J-curve, evidenced by the latest numbers.
Ghost Bites
GHOST BITES (Jubilee Metals | Murray & Roberts | Orion Minerals | Primary Health Properties – Assura)
Murray & Roberts released the business rescue plan. Primary Health Properties is trying to seduce Assura shareholders. Jubilee Metals needs to make a decision on the Zambian Large Waste project. Orion Minerals has a new CEO.
Ghost Bites
GHOST BITES (Accelerate Property Fund | Life Healthcare)
Accelerate has sold its stake in Portside - and at a modest discount to NAV. Life Healthcare shareholders gave a resounding approval to the LMI disposal.
