Tag:
FirstRand
Ghost Bites
GHOST BITES (Barloworld | British American Tobacco | FirstRand | Libstar | Workforce)
Barloworld's take-private deal is now on the table. British American Tobacco has affirmed guidance. Libstar has had a difficult second half. FirstRand was granted leave to appeal the UK motor industry court ruling. Workforce shareholders approve the take-private.
Ghost Bites
GHOST BITES (Anglo American – Amplats | Equites | FirstRand | HCI | KAL Group | Life Healthcare | Pepkor | Purple | Shaftesbury...
Equites, FirstRand, HCI, KAL Group, Life Healthcare, Pepkor, Purple, Shaftesbury, Stefanutti Stocks and Zeda all gave important earnings updates. Anglo American is selling down 6% in Amplats. Vodacom and Remgro are appealing the Maziv decision.
Ghost Bites
GHOST BITES (FirstRand | MTN Rwanda | Nampak | Novus | Pepkor)
FirstRand's motor finance business in the UK has adapted to legal findings. MTN Rwanda is struggling. Nampak announced an asset disposal. Novus' interim earnings got a boost from timing differences, plus they've announced acquisitions. Pepkor's growth looks reasonable.
Ghost Bites
GHOST BITES (BHP | Dis-Chem | Finbond | FirstRand | Mondi | Sibanye-Stillwater | Sun International | The Foschini Group)
Dis-Chem released excellent results. The Comp Comm wants to prohibit Sun International's Peermont deal. FirstRand has legal issues in the UK, while TFG has bought another business there. Look out for BHP, Finbond, Mondi and Sibanye as well.
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 (Burstone | Barloworld | CMH | Emira | FirstRand | Metair | Old Mutual | Safari)
On an extremely busy day of news, we saw updates from property groups Burstone, Emira and Safari, along with difficulties at Barloworld, CMH and Metfair. In financial services, both FirstRand and Old Mutual had important news, along with numerous other companies in the Nibbles section.
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 (Bell Equipment | Brimstone | Capital & Regional | Discovery | FirstRand | Lesaka | RFG | SA Corporate Real Estate |...
Bell's take-private is dead. Capital & Regional's deal hopes are still alive. Earnings came in from Discovery, FirstRand, Lesaka, RFG, SA Corporate Real Estate, Sibanye and Truworths. Brimstone is making an odd capital allocation.
