Tag:
Sasol
Ghost Bites
GHOST BITES (Copper 360 | Sappi | Sasol | Sea Harvest | Sirius Real Estate)
Sasol's earnings are down, which isn't a surprise. Sappi had a strong quarter but the next one won't be nearly as good. Sea Harvest's adjusted HEPS is slightly down. Sirius bought another property. Copper 360 has moved to hard rock.
Ghost Bites
GHOST BITES (Cashbuild | Sasol | Super Group)
Positive momentum continues at Cashbuild. The same definitely cannot said for Sasol, where they are struggling. Still, those problems pale in comparison to what Super Group is dealing with.
Ghost Bites
GHOST BITES (Adcorp | Capital & Regional | Oasis Crescent | Sasfin | Sasol | Vunani | WeBuyCars)
It was a mixed day of numbers, with weak updates from Sasfin, Sasol and Vunani. WeBuyCars requires a careful read, as does Adcorp. Oasis Crescent was the most positive update on the day. Capital & Regional's CEO has left the building.
Ghost Bites
Ghost Bites (African Rainbow Capital | Finbond | Gemfields | Kibo Energy | Life Healthcare | Metrofile | Oceana | Spear REIT)
Finbond announced a great deal in the US. African Rainbow Capital and Metrofile released numbers. Gemfields, Kibo Energy, Oceana and Spear REIT had important corporate or trading updates.
Ghost Bites
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.
Ghost Bites
Ghost Bites (African Rainbow Minerals | Alphamin | Gold Fields | Grindrod)
African Rainbow Minerals suffered a sharp drop in earnings. Alphamin released detailed financials for Q2. Gold Fields needs a far better second half. Grindrod struggled in the Logistics business.
Ghost Bites
Ghost Bites (Accelerate Property Fund | NEPI Rockcastle | Sasol)
Accelerate Property Fund is paying up for F&G to manage Fourways Mall. NEPI Rockcastle looks solid as ever. There's no final dividend at Sasol as they look to reduce debt.
DealMakers
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies.
