Tuesday, March 11, 2025
Tag:

Momentum

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 (enX | Labat | SA Corporate Real Estate | Sabvest | South32 | Supermarket Income REIT)

enX has sold its lubricants division and the market loves the deal. SA Corporate Real Estate released a pre-close update. Sabvest and South32 have corporate news. Labat is still losing a fortune. Supermarket Income REIT lists on the JSE.

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 (ADvTECH | City Lodge | Crookes Brothers | Investec | Lewis | Mr Price | Purple | Reunert | Southern Sun |...

ADvTECH is expanding into Ethiopia. City Lodge, Crookes Brothers, Investec, Lewis, Mr Price, Purple, Reunert, Southern Sun and Spar all came out with numbers on a busy day for earnings.

GHOST BITES (African Media Entertainment | Boxer – Pick n Pay | Burstone | Kore Potash | Lesaka | Momentum | NEPI | Ninety...

Boxer achieved strong institutional interest. Sanlam is putting its active asset management ambitions into Ninety One. African Media Entertainment, Burstone, Momentum, NEPI, Primeserv, Reinet and RFG all released numbers. Lesaka, Tiger Brands and Kore Potash all had deal news.

GHOST BITES (Astral Foods | Impala Platinum | Lewis | Santova | Tiger Brands)

Astral Foods and Lewis have a much better story to tell. Tiger Brands only has modest profit growth, but that's still better than Santova coming off the boil. Impala Platinum's production fell in the first quarter.

Ghost Bites (Gemfields | Momentum | NEPI Rockcastle | PSG Financial Services | Transaction Capital | Trellidor)

Gemfields, Momentum, PSG Financial Services and Trellidor released numbers. NEPI Rockcastle is buying a large retail centre in Poland. Transaction Capital will not control SA Taxi going forward.

Ghost Bites (African Rainbow Minerals | Calgro | Caxton | City Lodge | Clientele | Momentum)

Momentum released the only really good numbers of the day, with African Rainbow Minerals, Caxton, City Lodge and Clientele facing challenges. There's a sudden change to top management at Calgro.
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