Tag:
Grindrod
Ghost Bites
GHOST BITES (African Rainbow Capital | Bytes | Libstar | Master Drilling | Old Mutual | Remgro | Resilient | Schroder European Real Estate...
African Rainbow Capital wants to delist. Super Group is having a really tricky time. Numbers came out from Bytes, Libstar, Master Drilling, Old Mutual, Remgro, Resilient and Schroder European Real Estate.
Ghost Bites
GHOST BITES (ArcelorMittal | Choppies | Libstar | OUTsurance | Renergen | SA Corporate | Thungela | York Timbers)
Renergen has finally filled a helium container. OUTsurance released exceptional numbers. Thungela is buying out the Australian minorities. Libstar released poor numbers. Look out for ArcelorMittal, Choppies, SA Corporate Real Estate and York Timbers as well.
Ghost Bites
GHOST BITES (FirstRand | Grindrod | Lesaka Technologies | Lighthouse | MTN | Mustek | Sanlam)
FirstRand and Sanlam released strong financial services sector numbers. Lighthouse is acquiring a property in Madrid and Lesaka completed the Recharger acquisition. MTN Uganda released terrific numbers. Grindrod had a tough year. I still don't know why Novus wants Mustek.
DealMakers
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Ghost Bites
GHOST BITES (African Rainbow Minerals | Anglo American | Curro | Grindrod | NEPI Rockcastle | Redefine)
African Rainbow Minerals is a victim of the cycle. Anglo American has locked in a long-term deal with the Botswana government for De Beers. Curro is struggling to fill its schools. Grindrod, NEPI Rockcastle and Redefine all delivered financial updates.
Ghost Bites
GHOST BITES (Astoria | Lewis | Vukile)
Astoria has announced the sale of ISA Carstens. Lewis had a fantastic finish to 2024. Vukile's local property performance gives us clues about where the two-pot money went.
Ghost Bites
GHOST BITES (BHP | Clicks | Grindrod | Jubilee Metals | MTN)
BHP is on track to achieve guidance. Clicks seems to have disappointed the market, perhaps based on retail comparable sales. MTN caught a break in Nigeria. Grindrod's Port of Maputo had a tough 2024. Jubilee has power again for Roan.
Ghost Bites
GHOST BITES (enX | Grindrod | MAS | NEPI Rockcastle | Sibanye-Stillwater | South32)
EBITDA margins are significantly lower at Grindrod. Sibanye-Stillwater has raised $500 million through a streaming deal in its local PGM mines. South32 is navigating the Mozambique unrest successfully.
