Ghost Wrap

In a new format for the Ghost Wrap podcast, I look back on five important insights in the South African market from November 2024. Listen to the podcast to get the details on these topics: The per-share numbers are what count in the property sector The market is hungry for quality IPOs Poultry businesses are making money again Murray & Roberts is a catastrophe MultiChoice really,

Ghost Wrap is your regular update on the most interesting company news in the South African market. This episode covers: Clicks and Dis-Chem as the dynamic duo in arguably the most appealing retail model. The Foschini Group's latest acquisition in the UK, proving once more that the group isn't scared of risk. Cashbuild's positive momentum in both the share price and sales growt

Ghost Wrap is your regular update on the most interesting company news in the South African market. This episode covers: Nampak and a pretty heroic turnaround for the balance sheet. Spar's troubles, including Switzerland as what could easily be the next major headache. Metair's balance sheet pressures and the need for the Turkish disposal to go through quickly. Transaction Capi

Ghost Wrap is your regular update on the most interesting company news in the South African market. This episode covers: Sibanye-Stillwater has had a great day, but the share price move needs some context. Truworths is riding the GNU-phoria, even though the best performing part of the business is in the UK! Finbond has secured an excellent deal in the US. Barloworld scared the

Ghost Wrap is your regular update on the most interesting company news in the South African market. This episode covers: CA Sales Holdings has a great business model that is still working beautifully. RCL Foods and Rainbow Chicken have reported numbers together for the last time, which gives us an opportunity to reflect on exactly why the unbundling made sense. Motus is str

Ghost Wrap is your regular update on the most interesting company news in the South African market. This episode covers: Italtile had a better second half as expected, but new risks have emerged. ADvTECH and STADIO have shown us that private education can be lucrative, provided the business model is right. Harmony got its gold production sorted at exactly the right time. The Gh

Ghost Wrap is your regular update on the most interesting company news in the South African market. This episode covers: Absa and Standard Bank as examples of divergence in performance within the same sector. MTN and the ongoing nightmare in Nigeria, necessitating an extension to the B-BBEE deal that references MTN's listed shares. NEPI Rockcastle as one of the best property fun

Ghost Wrap is your regular update on the most interesting company news in the South African market. This episode covers: Italtile and Cashbuild as interesting plays for an improvement in consumer discretionary spending. Quilter releasing strong results that reminded the market of how good that business is. AngloGold and Gold Fields with such different production results, yet Gol

Ghost Wrap is your regular update on the most interesting company news in the South African market. This episode covers: MTN's African subsidiaries and the difference in performance in Ghana and Uganda vs. the terrible situation in Nigeria. ArcelorMittal and the dangers of operating leverage. Curro clawing its way back towards pre-pandemic earnings. The Ghost Wrap podcast is pr

Ghost Wrap is your regular update on the most interesting company news in the South African market. This episode covers: Balwin's push into rentals and what this means for the investment case. British American Tobacco's growth wobbly in the New Categories. Mr Price and the question marks around organic growth. Vodacom's challenges in finding growth outside of markets with risky