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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.
- Capital Appreciation’s share price has done anything but appreciate this year, with sector peer PBT Group also under pressure.
- Mustek is proof of how low expectations can help in this environment.
- Bidvest is executing a bolt-on acquisition in Australia, a traditionally tough market for SA corporates.
- Hyprop’s outlook for distributable income is as bearish as Growthpoint’s outlook, yet the share price performances are completely different because of relative valuation.
- Astral Foods is in a perfect storm for the poultry industry, just like sector peer Quantum Foods.
- Trellidor gave earnings guidance that really disappointed the market.
- Southern Sun shows that swimming with the tide is much easier than swimming against it, with City Lodge finding things are a lot harder in its traditionally business-focused hotel footprint.
