Tag:
BHP
Ghost Bites
Ghost Bites (BHP | Merafe)
BHP's first half is encouraging and the company has upgraded guidance for 2026 in copper as the key commodity. The guidance for the Jansen project is a sign of inflationary pressure, though. Over at Merafe, ferrochrome production has dropped to negligible levels.
Ghost Bites
Ghost Bites (Glencore | Grindrod | Northam Platinum | Primary Health Properties | Shuka Minerals | Tharisa)
With SENS kicking into life, normal daily programming should resume soon. In the meantime, this catch-up edition deals with mining news from Glencore, Northam Platinum, Tharisa and junior house Shuka Minerals. Grindrod is enjoying strong port volumes in Mozambique. Primary Health Properties is off to a good start in life-after-Assura.
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 (BHP | British American Tobacco | Mahube Infrastructure | Merafe | Thungela)
Thungela updated the market on a tough year. British American Tobacco has reaffirmed 2026 guidance. BHP unlocked capital through a BlackRock infrastructure deal. Merafe is hoping for progress with Eskom. Mahube Infrastructure may be leaving our market.
Ghost Bites
Ghost Bites (Aveng | British American Tobacco | Gemfields | RMB Holdings | Schroder European Real Estate | Stor-Age | Trematon)
Stor-Age raised capital at a premium to NAV. Gemfields looks brighter. Aveng won't be selling McConnell Dowell for now at least. British American Tobacco unlocked over R7 billion in cash. RMB Holdings received an expression of interest from Atterbury. Reality has hit at Trematon. Schroder European Real Estate is a struggle.
Ghost Bites
Ghost Bites (Harmony Gold | Invicta | Netcare | Oceana | PPC | Prosus – Naspers | Stefanutti Stocks)
Prosus - Naspers is growing strongly, with all eyes on the Just Eat Takeaway.com integration. PPC's turnaround strategy is working incredibly well. Invicta and Netcare both took advantage of share buybacks. Oceana was dragged down by fish oil prices. Harmony Gold is pushing further into copper. Stefanutti Stocks has settled with Eskom.
Ghost Bites
Ghost Bites (BHP | CMH | Goldrush | KAP | Labat | Richemont)
Richemont accelerated in the second quarter. CMH feels confident enough to do a large share buyback. BHP's court process regarding the disaster in Brazil is far from over. Goldrush is responding to market disruption. KAP has sold part of Unitrans.
Ghost Bites
Ghost Bites (BHP | Metair | Oasis Crescent | Reinet | Sirius Real Estate | South32 | The Foschini Group | Zeder)
The Foschini Group had a hideous day. Metair and Sirius released juicy investor day presentations with loads of detail. BHP and South32 released quarterly updates. Look out for Oasis Crescent, Reinet and Zeder as well.
