Ghost Wrap #33 (Bell Equipment | Invicta | Tharisa | Sasol | RMB Holdings | Accelerate Property Fund | Bytes Technology | Absa)
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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: Bell Equipment gave investors the shock of a CEO resignation and the great news of strong earnings growth, all in the same week! Invicta has been busy with offshore acquisitions, with two voluntary announcements this week. Tharisa's quarterly production update is a reminder of why having both PGM and chrome exposure is useful. Sasol is on the wrong side of air quality regulators, which will surely be costly for investors. RMB Holdings is in a complicated battle with Atterbury over its balance sheeet. Accelerate Property Fund gave the market the bad news of the distribution falling away, with the fund having to focus on its balance sheet. Bytes Technology Group is still growing strongly, although the market is pricing that in. Absa guided low-single digit HEPS growth for the six months to June, a result that was severely impacted by a jump in the credit loss ratio. 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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