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.
23 July 2021
At the current valuation multiples, you only need to believe that platinum group metals will be relevant until the next Olympics.
Cashbuild's sales growth has been driven almost entirely by existing stores and helped along by high product inflation.
The country has finally reopened its borders to both vaccinated and unvaccinated visitors as from 15 July 2021, following a significant lull in international travel activities...
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
22 July 2021
Netflix's free cash flow pressures have continued as I expected. Will the introduction of gaming help the company slow down the content creation treadmill?
The disruption to supply chains has been laid bare and the gap between big corporates and SMEs has surely widened as a result.
Port disruptions last week were understandable, but the underlying state of our rail network is creating longer-lasting problems.
Mr Price suffered the loss of 111 stores, which the company intends to reopen based on specific circumstances of each store.
21 July 2021
Group sales growth of 0.5% is thanks to a decent performance in South Africa, as UK sales took a nasty 12.9% drop in rand terms.
BHP, Anglo American, Kumba and Anglo American Platinum released important updates showing the benefits of high commodity prices.
The leading grocery retails suffered damage to as much as 10% of their footprints, but the supply chain capabilities have proven to be resilient.
Karooooo's EBITDA is down, but this is typical of growth stocks that are investing heavily in subscriber growth (which was up 22% in constant currencies).