Hotel and tourism group Sun International released a trading statement for the year ended December 2021. A solid recovery in revenue and EBITDA helped the group reduce its debt. HEPS is expected to be between 95 cents and 115 cents, a huge turnaround from the headline loss of 234 cents per share in 2020. Sun International is up nearly 60% in the past year but is trading 30% lower than the pre-Omicron peak in November.
Oceana Group has been through a tumultuous time of legal investigations, breakdowns in internal controls (like backdating of documents) and changes in executive management. There has been much confusion in the market over what is really going on. Results have finally been released for the year ended September 2021, reflecting an 8.1% decrease in revenue and a 12.5% drop in HEPS from 628.4 cents to 550 cents. It doesn't get a ny prettier in the interim period to March 2022, with the group guiding that HEPS will be more than 20% lower than the comparable interim period.
Aspen released results for the six months to December 2021. Although group HEPS was up 37%, normalised HEPS from continuing operations was only up 21% (still a solid number). There was substantial operating margin expansion, as revenue from continuing operations increased 10% in constant exchange rates and EBITDA from continuing operations increased 15% on the same basis.
Directors of Sibanye-Stillwater have sold enormous holdings of shares this week, which is not a good sign for shareholders. Whether related to concerns around the strike action or simply a profit-taking exercise based on the commodity prices during the invasion of Ukraine, it sends a strong message.
Telkom shareholders were probably not impressed to read that the proposed separ ate listing of Swiftnet on the JSE has been postponed. Swiftnet is the masts and towers business that Telkom hoped to unbundle to shareholders. The group doesn't believe that market conditions would be supportive of a successful listing.
In its preliminary results for the year ended December 2021, asset management business Quilter recorded 13% growth in Assets under Management and Administration, with net inflows of 4% of the opening balance. Operating margin increased by 300bps to 22%, contributing to a 28% increase in adjusted profit before tax. A final dividend of 3.9 pence per share has been declared.
Wescoal shareholders have voted in favour of a move to change the company's name to Salungano Group. The company is aiming to move on from being seen as a coal company, which is rather ironic as many countries have now realised how exposed they are to energy sources from the likes of Russia. Fossil fuels suddenly aren' t so dirty anymore when there's a bigger crisis to face.
Anglo American released the sales value for De Beer's second sales cycle of 2022. Sales of USD650 million were just USD10 million lower than the first cycle of 2022 and USD100 million higher than the second cycle of 2021.
Rand Merchant Investment Holdings has issued a trading statement for the six months ended December. It's been an intense period that included numerous distortions ranging from the sale of the 30% stake in Hastings to the importance of catastrophe reinsurance in Australia. This isn't a simple group to get your head around. Normalised earnings per share is the most sensible measure in this case, expected to decrease by up to 10% vs. the comparable period.
Momentum Metropolitan Holdings has released its results for the six months to December 2021. HEPS came in 64% higher than the comparable period and the dividend is 40% higher at 35 cents per share. Return on equity has increased significantly from 10.1% to 15.9%.
HomeChoice International expects HEPS to be between 20% and 30% higher in the year ended December 2021 vs. the prior period.
Putprop released results for the six months ended December 2021. The company owns 16 properties and achieved a 4.3% increase in net asset value per share to 1,479 cents. The dividend per share of 4.25 cents was identical to the comparable period.
Growth stocks haven't been a good news story recently, but that hasn't prevented Craig Antonie from
AnBro Capital Investments from sticking to his guns and investing consistently in this sector of the market, which is exactly the approach you want from a professional. As the manager of the Unicorn Global Growth Fund, there's plenty to learn from him.
Listen to Episode 65 of Magic Markets to get his insights into investing in global growth stocks.
Have a great day!
The Finance Ghost
