Ghost Wrap #34 (Richemont | ArcelorMittal | Pick n Pay | Truworths | Mr Price | Super Group | Northam Platinum | Vodacom)
Listen now
Description
Welcome to Ghost Wrap. It's fast. It's fun. It's informative. In this week's episode of Ghost Wrap, we cover: Richemont suffered a significant sell-off after releasing numbers that showed negative growth in the Americas. ArcelorMittal experienced incredible volatility after releasing a trading update that anticipates a substantial headline loss per share. Pick n Pay also had a volatile week and is also expecting an interim loss, with pressure on sales in the core business and large once-off costs in this period. Truworths experienced a slowdown in sales in the second half of the financial year in the Africa business, with the UK making up for it with a strong second half. Mr Price is having a tough time, with slow sales growth excluding Studio 88 and clear pressure on margins. Super Group is investing in the UK, with the acquisition of a 78.82% stake in the Amco business. Northam Platinum is throwing in the towel on the Royal Bafokeng Platinum stake, accepting the offer from Impala Platinum and locking in roughly a R4 billion loss in the process. Vodacom is growing revenue at mid-single digits, yet capital expenditure is growing at a much higher rate. 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.
More Episodes
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...
Published 10/28/24
Published 10/28/24
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...
Published 10/02/24