Tuesday, November 19, 2024

Ghost Wrap #45 (Bell Equipment | Transaction Capital | Capitec | Caxton & CTP | City Lodge | Sun International)

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The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.

In this episode of Ghost Wrap, I looked at some of the more interesting stories in a busy few days of news.

  • Bell Equipment has released really strong results, but watch the cash.
  • Transaction Capital’s nightmares continue, with news of the departure of David Hurwitz and underlying earnings in a tough spot, sending the share price back below R6.
  • Capitec found some love in the market despite modest HEPS growth.
  • Caxton & CTP is a tale of two segments right now, with heavily discounted look-through exposure to Mpact making it interesting.
  • City Lodge’s occupancies are higher, but the market is looking for pricing power and that is lacking.
  • Sun International’s resorts and hotels segment boosted the group in the latest result, with gaming revenue also moving higher.

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