30 July 2021
The clock is ticking. If you hold Adapt IT shares, you need to make your choice re: the Huge offer this morning.
Ellies might have red branding, but the company no longer has a red bottom line.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Weekly summary of corporate finance activity by South African exchange listed companies
29 July 2021
Mustek expects earnings to be at least 190% higher than the prior financial year, as this small cap keeps impressing.
Impala Platinum has increased gross concentrate volumes by 15.6% and expects HEPS to be at least 20% higher.
Attacq's portfolio wasn't damaged in the riots, which positions the company favourably for a sector recovery.
Metair has maintained earnings momentum in the past six months and has released a trading statement.
28 July 2021
Kumba has doubled its revenue year-on-year and has added another massive dividend to the mining sector bonanza.
Adapt IT shareholders must decide by 30th July whether to accept the Huge offer or ride out the Volaris offer.
AVI could only grow revenue by 0.5% in the year ended June 2021 but has at least grown HEPS by 5% - 7%.
Lighthouse Capital is a Mauritian-domiciled property fund that is making a significant investment in France.
27 July 2021
Anglo American Platinum has declared a magnificent dividend, with yesterday's closing price reflecting a 19% annualised dividend yield.
Liberty Two Degrees has released results for the six months to June 2021 and is now trading on an annualised dividend yield of 6.4%.
The theme in mining at the moment is that production and prices are higher. It's no different for ferrochrome, to Merafe's benefit.
Tiger Brands doesn't have an enviable food safety record. The latest issue pales in comparison to Listeriosis, but will still cost the company a fortune.
26 July 2021
The gap between corporates and small businesses continues to widen, as Distell posted a strong result under the circumstances.
The food franchise group has released an operational update that includes comparatives to 2019. They tell quite the story.
City Lodge will sell its interests in Kenya and Tanzania, raising R460m for the group and cutting substantial operating losses.
Strong earnings from US tech stocks driving the S&P 500 higher.
ESG, Bitcoin, bond yields vs. share valuations and thoughts around when to sell winners. The latest episode of Magic Markets touches on all these topics.