Tag:
Altron
Ghost Bites
GHOST BITES (AfroCentric | Fortress | Harmony Gold | Impala Platinum | KAP | Life Healthcare | Motus | MTN | OUTsurance | Sanlam...
Earnings updates came through from AfroCentric, Fortress, Harmony Gold, Impala Platinum, KAP, Motus, MTN, OUTsurance, Sanlam, Shaftesbury, Spar and Truworths. Life Healthcare released the LMI disposal circular.
Ghost Bites
GHOST BITES (AB InBev | AECI | Barloworld | Bidcorp | Hammerson | Momentum | Oceana)
Barloworld shareholders shunned the scheme. Alcohol volumes still dropping at AB InBev. AECI hopes to have turned the corner. Bidcorp and Momentum released strong numbers. Hammerson and Oceana had recent struggles.
Ghost Bites
GHOST BITES (Altron | Burstone | Cashbuild | Gemfields | Naspers – Prosus | Rainbow Chicken | Sasol | Stor-Age)
Naspers - Prosus set the hares running with news of the Just Eat acquisition. Sasol's results also got a lot of focus. Altron, Gemfields and Rainbow Chicken had positive news to share. Cashbuild is slightly up and Stor-Age is ticking over. Burstone is increasing exposure to Australian industrial properties.
Ghost Bites
GHOST BITES (AECI | Altron | Anglo American | Collins | Discovery | enX | Exemplar | MTN | Oando | Redefine)
Altron has staged quite the comeback. Redefine's numbers aren't telling a great story. AECI and Anglo American have news on asset disposals. Collins, enX, Exemplar, MTN Uganda and Oando all released numbers. Discovery gave an interesting presentation to debt holders.
Ghost Bites
GHOST BITES (Altron | Equites | Lighthouse | Mantengu Mining | Newpark REIT | Sibanye-Stillwater | Tharisa)
Sibanye-Stillwater dropped sharply after a bad day in court. Property news came in from Equites, Lighthouse and Newpark REIT. Mantengu Mining and Tharisa gave property and chrome updates, while Altron has achieved a major uptick in earnings.
Ghost Bites
Ghost Bites (Discovery | Glencore | JSE | MTN | Quilter)
MTN is now severely loss-making. Glencore is keeping its coal and carbon steel assets. Quilter is going from strength to strength. The JSE's margins are under pressure. Discovery is restructuring Vitality.
DealMakers
Who’s doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Ghost Bites
Ghost Bites (Acsion | Altron | AVI | BHP | Burstone | Capitec | Ninety One | Sirius | Spear)
AVI released strong numbers, as did Capitec. Altron is doing a smart B-BBEE deal. Acsion, Ninety One, Sirius and Spear REIT released important updates. BHP confirmed that Vale is sharing all Samarco claims.
