Ghost Wrap #24 (Karooooo | Quantum Foods | RFG Holdings | Sappi | MTN | Southern Sun | Richemont | Transaction Capital)
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Description
Welcome to Ghost Wrap. It's fast. It's fun. It's informative. In this week's episode of Ghost Wrap, we cover: Karooooo's latest quarter, which makes it even clearer that management should be focusing on the core Cartrack business. The ongoing bad luck at Quantum Foods, where the macroeconomic and load shedding issues have now been compounded by the horrors of avian influenza. RFG Holdings as a good news story in a sea of pain on the JSE, with the business really performing well. Sappi's cyclical nature and ongoing debt reduction despite a sharp drop in profits. MTN's margin compression in South Africa and almost all the African subsidiaries, with market concerns over the balance sheet trajectory clear to see in the share price. Southern Sun riding the wave of a post-COVID travel and tourism recovery, except in Sandton. Richemont's exceptional results in the core business this year, along with the strength of its direct-to-consumer strategy. Transaction Capital's latest capitulation in the share price off the back of results. 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.
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