23 March 2021

Is GameStop a bathtub drain?

Ingham Analytics has issued an updated analysis of the GameStop saga in the US, a trade that continues to astonish by its volatility and speculative behaviour.

Investec sags on profit warning

While conditions have improved, the UK and SA bank and wealth manager says it will report a decline of up to 29 percent in full-year earnings.

Northam boosted by rising metal prices

The platinum mining company will continue buying back its Zambezi preference shares rather than paying an interim dividend.

Caxton impacted by magazine closures

The printing and publishing group has booked an impairment due to the permanent decline in magazine and newspaper publishing.

Trading the Scandals

Corporate governance failures. Frauds. Accounting misstatements. A “hole in the balance sheet” – unfortunately, these breakdowns in trust happen on the market.

The Week Ahead

Global interest rates starting to move up. The number of Americans filing first-time unemployment claims rose 45 000 to 770 000 last week...

RMB Holdings scraps Romanian investment

Shares of the investment holding company rallied after it said it would return the funds set aside for the investment to shareholders.

Investec Property Fund declares interim payout

The fund says the performance of its SA portfolio recovered marginally in the second half of its financial year.

19 March 2021

Exxaro declares special dividend

The resources group will return some of the proceeds of the sale of its Tronox stake to shareholders, while buying back its own shares.

Metair brings back dividend

The automotive components and energy storage group reported a strong rebound in its second-half performance.

ARC raises Rain’s value on data surge

The data network company benefitted from demand for data last year as it grew its customer base.

York Timber returns to profitability

The forestry company says first-half earnings this month will show a big recovery in earnings and significantly higher cash generation.

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

Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)

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

Weekly summary of Merger & Acquisition activity by South African companies

Master Drilling sags on profit warning

The drilling services company says many of the countries it operates in have imposed restrictive measures due to the Covid-19 pandemic.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts: A day late and a dollar short

Purchase price adjustments are commonly incorporated into M&A transactions and are used to protect the buyer against value erosion or leakage in the target company



18 March 2021

Nedbank holds back on dividend

Like Absa, the bank is taking a cautious approach due to pandemic uncertainty but says payouts may resume as early as June.

Libstar maintains final dividend

The group reported stable cash flows as a rise in retail sales made up for a decline to the food service industry.

Curro impacted by Covid-19

Credit losses swelled to R146-million last year after Covid-19 impacted the ability of families to pay for tuition.

OUTsurance cushions RMI

The financial services investment holding company has reported a rise in first-half earnings thanks to its OUTsurance subsidiary.

Bytes flags higher earnings

The software, security and cloud services specialist says its performance is likely to be ahead of market expectations.

Remgro held back by FirstRand, Mediclinic

The investment holding company says the rest of its portfolio had a resilient performance during the Covid-19 pandemic.




17 March 2021

Shoprite benefits from market share gains

The retailer says its Supermarkets RSA business has achieved 22 months of uninterrupted market shares gains.

Pandemic ruffles Astral’s earnings

The poultry and feeds group was not able to recover higher feed input costs in the selling prices for its chickens.

South African bond yields – COVID-19 infected?

Hot on the heels of "Rate accelerator" which analysed the interconnection between equity and debt markets and how that is playing out, particularly in the US,...

Sirius buys another business park

The German-focused real estate company has bought five assets since the beginning of January.

South Ocean turns profitable on cable shortage

The company took advantage of a shortage of electrical cables following the hard lockdown of last April and May.

Aveng wraps up rights issue

The engineering and construction group says there was wide support from shareholders, who indicated more cash may be available.

KAP Industrial reports good performance

The industrial holding company says projected levels of economic activity and consumer demand should support it for the rest of the year.

16 March 2021

Mr Price goes upmarket with Yuppiechef deal

The group is targeting a higher LSM customer base with the acquisition of the kitchen and homeware retailer and wholesaler.

Sun International in a loss due to Covid

The hotel and casino group says it will take some time for its trading results to recover due to the impact of lockdowns on its operations.

Rate accelerator

In a chunky Equity & Credit Markets Searchlight entitled "Rate accelerator" Ingham Analytics provide incisive analysis on the interconnection between equity and debt markets and how...

Cartrack prepares for Karooooo listing

Minority shareholders will be entitled to subscribe for 1 Karooooo share for every 10 Cartrack shares held.

Stadio overcomes Covid challenges

The private tertiary education group has grown revenue and core headline earnings but reported a basic loss due to once-off costs.

The Week Ahead

The S&P 500 reaches a new record high.

AdvTech gets a pass rate for 2020

The private education and resourcing group will report higher normalised earnings for the year despite the challenges of Covid-19.


CORPORATE ANNOUNCEMENT BY: South Ocean Holdings Limited


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