12 September 2019

Prosus makes strong Amsterdam debut

The stock traded almost a third above its indicative reference price in early trade, valuing the company at over 120 billion euros.

Aspen gets debt under control

The pharmaceuticals maker has slashed debt by more than a quarter after selling assets and boosting its cash flow.

Growthpoint eyes UK mall owner as SA comes under pressure

The real estate investment trust says its 2020 dividend will be nominally higher at best.

OUTVest has launched an endowment product offering great after-tax returns of almost 7% for cash investments.

An endowment is a structure that uses an existing accessed tax loss, in this case from OUTsurance Life, to offer excellent after-tax returns to investors.

Resistant to Change, but Built to Adapt

There is an in-built contradiction to human beings. We are both insatiably curious and adaptable and yet wired to find comfort in routine and the familiar.

Capital and Regional defers dividend as Growthpoint circles

The shopping centre owner reported a first-half loss due to a fall in property valuations, driven by negative sentiment towards the sector.

Famous Brands says it has done ok

The restaurant group says its first-half results will be satisfactory, with revenue in line with expectations.

Rolfes to report a loss on impairments

The specialty chemicals group, which may be bought out, says it remains positioned for growth despite a difficult trading environment.

Grand Parade’s prospects improve

The casino and quick service restaurant group expects to report a improvement in full-year profit.

11 September 2019

Safari accused of frustrating takeover bid

Community Property Company has challenged Safari to publish letters from shareholders it claims are against the buyout.

Master Drilling develops new technology amid uncertainty

The drilling services specialist reported a decline in first-half dollar earnings as it battled a number of headwinds including a firmer rand.

RMI supported by Momentum as Discovery declines

The group has reported a mixed performance from its portfolio of investments due to higher claims and investment spend at Discovery and OUTsurance.

Mid Cap Darlings – Massmart

For all the gamers and gadget freaks, Game and Dion Wired has been around to help you scratch your itch.

Financial Literacy In An AI World

What is AI actually? Cognitive and intelligent automation lead for PwC Alistair Hofert believes the term AI is used loosely in discussions around the technology.

Attacq beats dividend guidance

The real estate investment trust has raised its full-year dividend by more than expected but says Edcon will weigh on its next payout.

Schroder says Paris property will be transformational

As part of its Winning Cities strategy, the group has been redeploying the proceeds from property sales into higher growth sectors.

06 September 2019

FirstRand maintains momentum

The banking group has grown earnings and its dividend despite subdued growth and rising risks.

Sanlam benefits from SAHAM acquisition

The purchase of the remainder of the Moroccan business last year contributed to a decent rise in operating profit.

No dividend as Implats returns to profit

The platinum producer blames uncertain and volatile conditions and the ongoing restructuring of its Rustenburg mines.

Who’s doing what this week in the South African M&A space?

Weekly summary of M&A activity by South African companies

Who’s doing what in the African M&A space?

Weekly summary of all M&A activity from across Africa (excluding South Africa)

Hyprop lowers its distribution as it exits investments

The group is selling its assets in Africa outside SA due to a difficult trading and declining property prices.

Metrofile says its restructuring is working

The documents storage business reported a much stronger second half and said the benefits would continue to flow through.

Assore reports record earnings and dividend

The group has benefited from high iron ore prices and a weak rand but says geopolitical risks are weighing on global commodity markets.

Weekly corporate finance activity by SA exchange-listed companies

Weekly summary of corporate finance activity by South African exchange listed companies

Thorts – The anatomy of a ‘lawless’ acquisition

It is no secret that FinTech is growing at breakneck speed in Africa, with the current magic is happening in Ghana and in other ‘next-big-thing’ countries.

05 September 2019

Discovery is back on track

The financial services group says a temporary decline in earnings has been addressed and it expects profit growth to return to normal.

Momentum Metropolitan makes good on its pledge

The insurance group says it remains committed to its three-year earnings target.

Libstar benefits from investment spend

The food producer and importer says capex projects completed last year helped lift its performance.

Anchor attracts more fixed income investment

The asset manager and stockbroker has grown assets strongly since December due to a shift to safe interest rate products.

Sasfin flags higher earnings

The financial services group has benefited from lower impairments after improving its credit processes.

Trencor earnings muddled by Textainer deconsolidation

The group says last year’s earnings included a big gain after it deconsolidated the container group from its accounts.

Old Mutual - Softness in the H1 F2019 result

Ingham Analytics says that the reported results for the six months ended 30 June 2019 are weak and are off an already tepid historic base.

04 September 2019

Aspen rallies despite earnings decline

The pharmaceuticals group expects to report a fall in annual earnings but has slashed debt following asset disposals.

WBHO held back by Australian losses

The engineering and construction group says a number of new large public sector contacts could reignite the local industry.

DRDGold’s strategy pays dividends

The mine tailings retreatment specialist has quadrupled its dividend due to rising production and a stronger gold price.

Cashbuild feels the pinch

The building materials retailer expects trading conditions to remain challenging but will continue with its store expansion and relocation strategy.

Foschini holds back on credit sales

The retailer says cash turnover has grown strongly as the year gets underway but it is closing the credit taps.

Fortress lowers distribution guidance

Holders of the B shares will get less than previously forecast next year due to impairments on development land.

Old Mutual - Softness in the H1 F2019 result

Ingham Analytics says that the reported results for the six months ended 30 June 2019 are weak and are off an already tepid historic base.

Transaction Capital heads for A2X

The group will retain its primary JSE listing and its share capital will not be affected by the secondary listing.

The Week Ahead 2 September 2019

Global political uncertainty remains high, markets shrug it off for the time being.

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