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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.