With so much focus on the alcohol industry at the moment and the latest lockdown ban in place, Distell decided to renew its cautionary announcement and remind the market that Heineken is still sniffing out a potential acquisition for the "majority" of the business.

There were no other details provided in the first SENS on 18th May that broke the news of a potential deal. There are still no other details available. At this stage, Distell shareholders need to tread carefully as any outcome is possible.

Then there's the prospect of the Competition Commission, which can leave an aftertaste that makes a student night warm tequila special seem like gourmet cuisine.

Another snippet worth highlighting is that Grindrod Shipping will move to reporting on a quarterly basis, in line with its life as a Nasdaq-listed company. I find myself wishing that all JSE companies were forced to do this, as quarterly financial updates would go a long way towards keeping information fresh and encouraging liquidity in the market.

Grindrod Shipping will release quarterly results for the first two quarters (which add up to the first half of the year) during the week of August 16th. Thereafter, we can look forward to quarterly updates.

On an otherwise quiet day on the JSE for company announcements, small cap Argent Industrial really stood out with a strong earnings update to add to the incredible share price momentum. For that reason, I gave Argent the lead story today, despite their website which really needs some love.

There's a detailed look at KAP's operating divisions, as the group's diversified, integrated model really paid off over the past year. The narrative from the company is bullish.

If you're interested in the property sector, you'll also want to read the RMB Holdings announcement regarding the state of the market for selling large properties. RMB Holdings now has nothing to do with RMB, after the stake in FirstRand was unbundled in 2020.

Finally, EOH is taking aim at former execs and suing four of them, each for over R1.5bn. Before you go and put R6bn into your EOH valuation model, remember that nothing is certain with lawsuits and even if the parties are found guilty, there will probably be settlements in play. Still, it sends a pretty clear message about the clean-up at EOH.

I hope you supported #TakeoutTuesday yesterday and bought dinner from a local restaurant, if you have the means to do so.

Have a productive Wednesday!

The Finance Ghost