Tag:

BHP

Ghost Bites (ArcelorMittal | ASP Isotopes | BHP | Coronation | iOCO | Karooooo | Prosus | Supermarket Income REIT)

Will the IDC swoop in and save ArcelorMittal? Significant dilution for shareholders in ASP Isotopes. BHP signs off on a successful year, boosted by copper prices. Coronation has given an update on its assets under management. iOCO has announced a small acquisition in the ERP space. Karooooo's recent bad press in Cartrack hasn't taken the shine off the numbers. Prosus will be paid over R40 billion for the remaining stake in Delivery Hero. Supermarket Income REIT raised the £100 million they wanted.

Ghost Bites (Bell Equipment | Crookes Brothers | Merafe | Spear REIT)

Bell Equipment's earnings are dropping sharply. Spear REIT's year is off to a decent start. Merafe has reached a full agreement with Eskom around tariffs, enabling the restart of two smelters. Crookes Brothers was assaulted by Mother Nature.

Ghost Bites (BHP | Brait | enX | Libstar | Reinet | Sephaku | STADIO)

Brait is stretching the definition of "value unlock" to breaking point. Libstar is having a rough interim period. BHP's Jansen Project is neither on time nor on budget. In happier news, STADIO's growth strategy is working and Sephaku grew earnings despite pressure at its associate. Reinet is starting to return cash to shareholders. enX found an international buyer for New Way Power.

Ghost Bites (AECI | BHP | Capitec | Quilter | Spear REIT | South32 | Standard Bank | Stor-Age)

Capitec looks unstoppable. BHP and South32 released important production updates. Spear REIT is raising R1 billion. Standard Bank is enjoying double-digit growth. Quilter is doing well in 2026. Stor-Age announced a small deal. AECI found a whoopsie in the financials.

Weekly corporate finance activity by SA exchange-listed companies

Weekly summary of corporate finance activity by South African exchange listed companies.

Ghost Bites (BHP | Eastern Platinum | Exxaro | MTN | Nu-World | Orion Minerals)

A busy couple of days saw primarily mining sector updates, with important funding news at BHP and Orion Minerals. Exxaro has locked in a long-term supply contract with Eskom. Eastern Platinum hopes to break even in 2026. MTN Ghana has localised ownership of its fintech business. Nu-World's trading statement is encouraging.

Ghost Bites (Astral Foods | BHP | Ethos Capital | iOCO | Master Drilling | PPC | Sabvest | Vukile Property Fund)

BHP, the world's biggest mining house, has a new South African CEO. Astral Foods is printing money. iOCO, PPC and Sabvest are also doing well. Master Drilling had a somewhat flat year in earnings. Vukile is acquiring a property in Spain. Ethos Capital is in the final stages of unlocking value.

Ghost Bites (Afrimat | BHP | MTN | Sirius Real Estate)

Afrimat is firmly between a rock and a hard place. BHP released excellent interim results. MTN is moving ahead with the acquisition of IHS. Sirius Real Estate raised nearly R1.7 billion for acquisitions in Germany.