Ghost Bites
GHOST BITES (Bowler Metcalf | Boxer | MultiChoice | Sirius Real Estate | Pick n Pay)
Boxer is performing well and Pick n Pay is improving. Canal+ has found a potentially suitable structure for MultiChoice SA. Bowler Metcalf's results were decent, but not as exciting as they first appear to be. Sirius Real Estate bought another property.
Ghost Bites
GHOST BITES (Harmony Gold | Merafe | Pepkor | Schroder European Real Estate | Super Group | Vodacom)
Harmony is on track to exceed full year production guidance (JSE: HAR)
This is what the market likes to see
Harmony Gold has updated the market...
Ghost Bites
GHOST BITES (Capitec | Gemfields | Nampak | Spar | Truworths)
Capitec keeps on pumping. Truworths released awful local numbers. Nampak achieved another turnaround milestone. Spar has gotten rid of Poland at last. Gemfields desperately needs things to improve.
Ghost Bites
GHOST BITES (Glencore | Kore Potash | Sirius Real Estate)
Glencore's 2024 production and commodity pricing numbers reveal the recent pressure on the business and the sector. Kore Potash is fully focusing on raising funding. Sirius Real Estate is a good example of different debt strategies.
Ghost Bites
GHOST BITES (Anglo American | Barloworld | Hyprop | Octodec)
Barloworld has released the much-anticipated circular for the take-private deal. Anglo American's disposal of Jellinbah Group closed faster than expected. Hyprop released a festive trading update. Octodec has taken a small step away from the external manager structure.
Ghost Bites
GHOST BITES (Attacq | AVI | Rainbow Chicken | Renergen | Shoprite | Tiger Brands | Woolworths)
Attacq saw the two-pot benefit at the end of 2024. Woolworths didn't, with another poor apparel performance. Shoprite remains a growth juggernaut. AVI extracted profit growth from muted revenue growth. Rainbow Chicken's profits are much higher. Tiger sold out of Chile. Renergen issued shares at depressed prices.
Ghost Bites
GHOST BITES (Astoria | Lewis | Vukile)
Astoria has announced the sale of ISA Carstens. Lewis had a fantastic finish to 2024. Vukile's local property performance gives us clues about where the two-pot money went.
Ghost Bites
GHOST BITES (Blue Label Telecoms | Reinet | The Foschini Group | York Timber)
The Foschini Group's momentum swung positive, but results still aren't good. York Timber got the funding for the Stevens Lumber Mills deal. Blue Label has cleared a regulatory hurdle. Reinet released its last-ever NAV that includes British American Tobacco.
