Ghost Bites
GHOST BITES (Jubilee Metals | Life Healthcare | Northam Platinum | Schroder European Real Estate | Tharisa)
Life Healthcare is selling LMI but is retaining exposure to earnout payments. There were mining production updates from Jubilee Metals, Northam Platinum and Tharisa. Schroder European Real Estate's valuations are under pressure again.
Ghost Bites
GHOST BITES (Gemfields | Wesizwe Platinum)
At the worst possible time, the Zambian government has driven a stake through the heart of Gemfields. At Wesizwe Platinum, going concern status still rests on a regulatory approval in China.
Ghost Bites
GHOST BITES (Naspers – Prosus | Schroder European Real Estate)
Naspers and Prosus took a knock from the US government designating Tencent as a military company - and I bought the dip. Schroder European Real Estate sold a mall in Germany.
Ghost Bites
GHOST BITES (ArcelorMittal)
The year is off to a poor start for local business sentiment, with ArcelorMittal finally making the tough decision to pull the plug on the Longs business amid mounting losses.
Ghost Bites
GHOST BITES (Accelerate | AECI | Bell Equipment | Cilo Cybin | Gemfields | Prosus – Naspers | Thungela)
Prosus is investing further in Latin America and Thungela is chasing dreams in Australia. Bell Equipment's earnings are dropping sharply, Gemfields is in trouble and Accelerate Property Fund is still treading water. And why is the AECI CFO suddenly on the way out?
Ghost Bites
GHOST BITES (Aspen | Metair | Rex Trueform | Sanlam | Sasfin)
Aspen is bringing Eli Lilly's Ozempic competitor to the SA market. Metair is getting even less from the Mutlu disposal than we thought. Rex Trueform is buying a software group at a huge multiple. Sanlam unlocked billions from Allianz. Sasfin is delisting this month.
Ghost Bites
GHOST BITES (enX | Grindrod | MAS | NEPI Rockcastle | Sibanye-Stillwater | South32)
EBITDA margins are significantly lower at Grindrod. Sibanye-Stillwater has raised $500 million through a streaming deal in its local PGM mines. South32 is navigating the Mozambique unrest successfully.
Ghost Bites
GHOST BITES (London Finance & Investment Group | Powerfleet | Schroder European Real Estate)
London Finance & Investment Group is set to delist. Powerfleet has given an idea of what its enlarged group now looks like financially. Schroder European Real Estate is fighting with French tax authorities.
