IT group Mustek is trading at a 52-week high after a significant rally of over 12% in the past month. The company has announced that shareholders DC Kan and Old Mutual have moved above the 25% and 15% shareholding thresholds respectively. Whilst I can only speculate whether we may see some corporate activity around this company in future, it's always worth taking note when large shareholders are increasing their stakes.

Novus Holdings was trading at R2.40 per share before an announcement came out confirming a large special dividend to shareholders. As a reminder, the company was recently the subject of a mandatory offer by A2 Investment Partners at an offer price of R2.35 per share. This offer took A2 above the key 50% ownership level in Novus.

The board recommended that shareholders don't accept the offer. Those who did may be kicking themselves based on the news of a spec ial dividend of 40 cents per share. The share price closed 7.5% higher on Friday at R2.57.

The all-important deal for Rebosis to sell its commercial office portfolio for R6.3 billion to Ulricraft (an entity owned by Vunani Capital Partners) has suffered more delays. Rebosis has received permission from the JSE for another extension to the deadline to send out a circular to shareholders. The company claims that there were unexpected delays over the holiday period. When I worked in corporate finance for several years, I don't recall anyone giving me a break over the holiday period during a huge deal!

Whether they like it or not, shareholders will have to be patient. The circular will be distributed in mid-March. Perhaps more importantly, the purchaser has negotiated an extension to the deadline to secure funding for the deal. That deadline is now 28 March 2022. If I held shares in Rebosis (which I don't), I would be more worried a bout the funding than the completion of the circular.

Nvest has confirmed that the delisting will take place on Tuesday this week and that payments under the buyout offer will be made to shareholders today (Monday, 7th February).

I have two feature articles for you today.

The first is on Tharisa and ESG / renewable energy enthusiasts should pay attention here. Tharisa is putting together a landmark deal to move its operation near Rustenburg onto renewable energy. One of the counterparties is Total Eren, part of the Total group with its fancy new logo that you can spot on the local forecourts. Read more about it here.

The second is on Hudaco, an industrials company that is playing in the right spaces at the moment. On top of releasing strong results for the year ended November 2021, the company has announced the acquisition of CADAC. Get all the insights here.

Monday means a new Magic Markets episode and this week is no exception. We opted for a macroeconomic show this week (much to Mohammed Nalla's delight), in which we discussed key concepts around the Fed, inflation and yields. No matter how great your stock picking is, you need to be aware of the macroeconomic environment around your stocks. Listen to it here.

I send out Ghost Mail every Tuesday morning, my publication that focuses o n teaching concepts and sharing insights into my portfolio. This week, I will be discussing the difference between growth and value stocks and how valuation techniques help explain why growth stocks have dropped in value. If you want to take your investment knowledge to the next level, join 9,500 other people and sign up for Ghost Mail for free at this link.

Finally, Chris Gilmour updates us on the macroeconomic and political news moving the markets.

That's it for today. Good luck with the start to your week!

The Finance Ghost