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Wednesday, March 12, 2025
Tag:

Nedbank

GHOST BITES (Brimstone | Caxton & CTP | CA Sales | Discovery | Harmony | HomeChoice | MultiChoice | Nedbank | Sea Harvest |...

Discovery and Harmony released blockbuster numbers, with WBHO also putting in an impressive showing. CA Sales and HomeChoice flagged excellent growth. Shoprite and Nedbank put in a dependable performance. Brimstone, Caxton and Sea Harvest had struggles. MultiChoice's deal with Canal+ has been delayed.

Nedbank: Improved financial performance and progress towards ROE targets

Despite a challenging operating environment in 2024, Nedbank grew headline earnings by 8% and saw return on equity strengthen to 15.8%.

GHOST BITES (African Rainbow Capital | Boxer – Pick n Pay | Labat Africa | Nedbank | Renergen | Sabvest | South32 | Thungela)

African Rainbow Capital released a portfolio update. Nedbank and Thungela gave important pre-close updates. There's also news from Boxer, Renergen, Sabvest, South32 and Labat Africa

GHOST BITES (Alexander Forbes | Aveng | Nampak | Naspers – Prosus | Standard Bank | Transaction Capital)

Alexander Forbes, Nampak, Naspers-Prosus and Standard Bank all released important numbers. Aveng has sold its stake in a property portfolio. Transaction Capital is still trying to finalise the Road Cover deal.

GHOST BITES (Accelerate | Murray & Roberts | Novus | Remgro)

In a market shocker, Murray & Roberts is suspended from trading and in business rescue. Novus managed solid profits. Mediclinic is boosting Remgro. Accelerate needs to renegotiate the F&G deal.

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 (BHP | CMH | DRDGOLD | Insimbi | Mondi | NEPI Rockcastle | Pick n Pay | Premier | PSG)

Pick n Pay is still really struggling. The downturn at CMH is clear. Premier and PSG have shown strong growth. Look out for BHP, DRDGOLD, Insimbi, Mondi and NEPI Rockcastle as well.

GHOST BITES (Altron | Equites | Lighthouse | Mantengu Mining | Newpark REIT | Sibanye-Stillwater | Tharisa)

Sibanye-Stillwater dropped sharply after a bad day in court. Property news came in from Equites, Lighthouse and Newpark REIT. Mantengu Mining and Tharisa gave property and chrome updates, while Altron has achieved a major uptick in earnings.
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