Ghost Wrap

By The Finance GhostBusiness Investing

Ghost Wrap episodes

May 10, 2024 Ghost Wrap #69 (KAL Group | AB InBev | Redefine | RFG Holdings | Calgro M3)
Ghost Wrap is your regular update on the most interesting company news in the South African market.

In just a few minutes, you can get the latest news and my views on KAL Group, AB InBev, Redefine, RFG Holdings and Calgro M3.
The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.
5 min
May 05, 2024 Ghost Wrap #68 (MTN Nigeria | Datatec | Capital & Regional | Harmony Gold | Astral Foods + Quantum Foods)
Ghost Wrap is your regular update on the most interesting company news in the South African market.

In just a few minutes, you can get the latest news and my views on MTN Nigeria, Datatec, Capital & Regional, Harmony Gold as well as Astral Foods and Quantum Foods in the poultry sector.
The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.
6 min
April 22, 2024 Ghost Wrap #67 (Sirius Real Estate | Afrimat | Oceana | PSG Financial Services)
Ghost Wrap is your regular update on the most interesting company news in the South African market.

In just a few minutes, you can get the latest news and my views on Sirius Real Estate, Afrimat, Oceana and PSG Financial Services.
The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.
6 min
April 09, 2024Ghost Wrap #66 (MultiChoice | Grindrod Shipping | MC Mining | Sanlam)
Welcome to Ghost Wrap, your regular update on the most interesting company news in the South African market.

In this episode of Ghost Wrap, I focused on recent M&A news across various sectors:
MultiChoice's R125/share mandatory offer from Canal+ and the potential strategic direction going forward.
Grindrod Shipping's selective capital reduction and intended delisting, leaving Taylor Maritime as the sole shareholder.
MC Mining's battle with Goldway and the surprising number of offer acceptances.
Sanlam's clever deal in India to gain a more strategic position in Shriram.
The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.
6 min
March 24, 2024Ghost Wrap #65 (Transaction Capital | Sun International | Thungela | OUTsurance)
Welcome to Ghost Wrap, your regular update on the most interesting company news in the South African market.

In this episode of Ghost Wrap, I focused on recent news across various sectors:
Transaction Capital didn't get quite as much as it hoped for the WeBuyCars shares, but still raised over R900 million at what seems like a good price. The group has also announced the sale of Nutun Australia.
Sun International had some bright spots in 2023 and could really do with reduced load shedding as it gears up for the Peermont acquisition.
Thungela is as cyclical as can be and has expanded into the Australian market - yet the capex split still tells a story of a predominantly South African group.
OUTsurance reported a mixed bag of numbers and decent dividend growth overall, with significant attention on whether the push into Ireland will work.
The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.
6 min
March 10, 2024Ghost Wrap #64 (Mustek | Curro | Sea Harvest | Quilter)
Welcome to Ghost Wrap, your regular update on the most interesting company news in the South African market.

In this episode of Ghost Wrap, I focused on recent news across various sectors:
Mustek is a lesson in two things: the danger of a value trap and the threat of competition in lucrative sector.
Curro is telling the market that it wants to fill its schools, yet the company increased fees by a much higher rate than inflation in 2023.
Sea Harvest is another good example of a corporate that saw a sharp rise in net finance costs, yet the dividend payout ratio moved higher.
Quilter is an offshore business that is doing a great job of growing its operations in the UK, making it a compelling rand hedge for South African investors.
The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.
7 min
February 26, 2024Ghost Wrap #63 (NEPI Rockcastle | Vukile | Italtile | Bidcorp | Spar | Pick n Pay)
Welcome to Ghost Wrap, your regular update on the most interesting company news in the South African market.

In this episode of Ghost Wrap, I focused on recent news across various sectors:
NEPI Rockcastle just released record distributable earnings per share and Vukile easily raised R1 billion on the local market, so there's demand for offshore property strategies and with good reason - in some cases at least.
Italtile gives us a lot of insight into the start of the local economy and particularly the mindset of higher income earners.
Bidcorp is doing a great job of building its global empire, but margin pressure in the UK is biting.
Spar certainly has its challenges right now, but they seem far easier to overcome than what is happening at Pick n Pay.
The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.
6 min
February 12, 2024Ghost Wrap #62 (Sasol | ArcelorMittal | Sappi | Curro | British American Tobacco)
Welcome to Ghost Wrap, your regular update on the most interesting company news in the South African market.

In this episode of Ghost Wrap, I focused on the recent updates from these groups
Sasol has seen its share price halve over the past year, with the wonderful opportunity for investors in 2020 becoming a very distant memory as infrastructure and other issues take their toll.
ArcelorMittal is perhaps the most severe rollercoaster ride of them all on the JSE, with the steel industry only for those with an exceptionally strong stomach.
Sappi demonstrates that the paper industry is also a tough place to play, with swing traders doing better than long-term holders of this stock.
Curro may be growing its earnings at a solid rate, but the company is still coming to terms with growth that is well below original expectations.
British American Tobacco is now profitable in the non-combustibles business and is still doing what it does best in the traditional smoking business: putting through pricing increases that fund dividends.
The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.
7 min
January 31, 2024Ghost Wrap #61 (The Foschini Group | Mr Price | Truworths | Pepkor)
Welcome to Ghost Wrap, your regular update on the most interesting company news in the South African market.

In this episode of Ghost Wrap, I focused on the recent updates from four clothing retail groups:
The Foschini Group got the market excited about the sector, with strong growth in the local business and encouraging commentary on margins - but the offshore businesses have suffered.
Mr Price also put in promising revenue growth and has a positive gross margin story to tell, with the base effect making a big difference here.
Truworths has struggled in the local business (admittedly vs. a high base), with the UK-based business shooting the lights out - especially when translated to rands.
Pepkor is a perfect example of why credit sales are important for local retailers, with cash sales growth being hard to come by.
The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.
6 min
January 23, 2024Ghost Wrap #60 (Motus | Attacq | Clicks | Woolworths)
Welcome to Ghost Wrap, your regular update on the most interesting company news in the South African market.

In this episode of Ghost Wrap, I covered these important stories on the local market:
Motus is a great example of how cyclical the used car industry is, with the additional challenge of having costly debt.
Attacq's turnover and footfall update for November and December hass some real nuggets for those interested in the retail sector.
Clicks achieved solid retail sales, but the wholesale side of the business had a wobbly.
Woolworths is struggling with consumer affordability, as sales volumes dropped and so did headline earnings from continuing operations.
The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.
6 min