Tag:
Spear REIT
Ghost Bites
GHOST BITES (Altron | Burstone | Cashbuild | Gemfields | Naspers – Prosus | Rainbow Chicken | Sasol | Stor-Age)
Naspers - Prosus set the hares running with news of the Just Eat acquisition. Sasol's results also got a lot of focus. Altron, Gemfields and Rainbow Chicken had positive news to share. Cashbuild is slightly up and Stor-Age is ticking over. Burstone is increasing exposure to Australian industrial properties.
Ghost Bites
GHOST BITES (Anglo American | Assura | BHP | DRDGOLD | Kumba Iron Ore)
Anglo American has a buyer for its nickel business. BHP's payout ratio has dropped considerably. DRDGOLD loved the recent gold price. Kumba is doing the best they can. Assura has rejected potential bidders.
Ghost Bites
GHOST BITES (Attacq | AVI | Rainbow Chicken | Renergen | Shoprite | Tiger Brands | Woolworths)
Attacq saw the two-pot benefit at the end of 2024. Woolworths didn't, with another poor apparel performance. Shoprite remains a growth juggernaut. AVI extracted profit growth from muted revenue growth. Rainbow Chicken's profits are much higher. Tiger sold out of Chile. Renergen issued shares at depressed prices.
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 (Acsion | African Media Entertainment | AYO Technology | Copper 360 | Fairvest | Finbond | Mahube | PBT Group | Quantum...
Acsion, African Media Entertainment, AYO Technology, Copper 360, Fairvest, Finbond, Mahube Infrastructure, PBT Group, Quantum Foods and Reinet all released numbers on a busy day.
Ghost Bites
GHOST BITES (AECI | Altron | Anglo American | Collins | Discovery | enX | Exemplar | MTN | Oando | Redefine)
Altron has staged quite the comeback. Redefine's numbers aren't telling a great story. AECI and Anglo American have news on asset disposals. Collins, enX, Exemplar, MTN Uganda and Oando all released numbers. Discovery gave an interesting presentation to debt holders.
Ghost Bites
GHOST BITES (Balwin | Coronation | Delta Property Fund | Gold Fields | Mantengu Mining | Pick n Pay | PPC | Renergen |...
Balwin and Pick n Pay are both suffering, the latter more than the former. Gold Fields finished a deal in record time. PPC seems to be on the up. Renergen finds itself in an awkward spot. Look out for Coronation, Delta Property Fund, Mantengu Mining and Southern Palladium as well.
Ghost Bites
GHOST BITES (BHP | Dis-Chem | Finbond | FirstRand | Mondi | Sibanye-Stillwater | Sun International | The Foschini Group)
Dis-Chem released excellent results. The Comp Comm wants to prohibit Sun International's Peermont deal. FirstRand has legal issues in the UK, while TFG has bought another business there. Look out for BHP, Finbond, Mondi and Sibanye as well.
