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RFG Holdings
Ghost Bites
GHOST BITES (Absa – Standard Bank | Hulamin | MTN | RFG Holdings | Thungela)
There's a new sheriff in town at Absa - and it's Standard Bank's loss! MTN's gap between constant currency and reported earnings is still huge. RFG had trouble with pineapples. Hulamin had a poor year. Thungela released its 2024 results.
Ghost Bites
GHOST BITES (Bidvest | Gemfields | KAP | Pan African Resources | Transaction Capital)
Bidvest is selling Bidvest Bank and other financial services businesses. Transaction Capital needs thing to improve at Nutun. Pan African Resources is shining brightly. KAP may finally be catching a break. Gemfields had a decent ruby auction.
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 (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
GHOST BITES (AYO Technology – Mustek | Insimbi Industrial Holdings | Sanlam | Visual International)
Sanlam has closed the Assupol deal. AYO sold a business to Mustek. Insimbi is in the red. Visual International is issuing shares to settle debt.
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.
Ghost Bites
Ghost Bites (AB InBev | ArcelorMittal | Capital & Regional | Mondi | Mpact | MTN Ghana)
AB InBev's EBITDA margins are up. ArcelorMittal is in emergency mode. Mondi's EBITDA is lower. Capital & Regional increased its dividend. Mpact found a buyer for Versapak. MTN Ghana is much better than MTN Nigeria.
Ghost Bites
Ghost Bites (AECI | Balwin | Primary Health Properties | Vodacom)
Get the latest recap of JSE news in the Ghost Wrap podcast, brought to you by Mazars:
The market didn't enjoy the AECI update (JSE:...
