PREDATORS ARE LOOSE
By Ian Fife
Hyprop's bid for fellow property loan stock company SA Retail could be the start of hostile takeovers and defensive mergers in the sector. Hyprop can enhance its top-rated 7,4% historic yield by taking over almost any of its peers (SA Retail...
BEYOND THE COUNTRY CLUB
By Ian Fife
Durban-based Marriott and its four listed funds - SA Retail, Martprop, Ambit and Oryx - are the most vulnerable in the sector to the predations of their peers (see "Predators are loose"). Their reaction to rumours of a takeover and large dealings...
ENCORE FOR A CLAAS ACT
By Michael Coulson
Can Claas Daun do it again? The German, one of the biggest individual foreign investors in SA, built a motley collection of clapped-out furniture retailers and manufacturers into the international giant called Steinhoff, with annual turnover of m...
THINGS SO FAR MERE FOREPLAY
By Brendan Ryan
Harmony CEO Bernard Swanepoel indicates that if Harmony fails to get control of Gold Fields, then a proxy fight for control of the Gold Fields board is "a real possibility". Swanepoel refuses to accept that his offer is dead in the water, as j...
LIGHT AT THE END OF THE TUNNEL
By Sibonelo Radebe
It has been clear for some time that Carl Grim and Brian Bruce, the CEs of SA's two largest construction groups, Aveng and Murray & Roberts (M&R), will have to tread the same path for one to get ahead of the other. The Gautrain contract, one of t...
IRON-ORE BONUS SORELY NEEDED
By Brendan Ryan
Struggling copper miner Palabora Mining (Palamin) looks set to cash in on the iron-ore boom from an ore stockpile worth about R48bn, and transport group Grindrod is positioned to benefit. But making it happen depends on Spoornet. The soaring i...
EXTRA MOBILITY IN GOVERNMENT
By Themba Hlengani
Imperial Holdings has concluded two nuanced empowerment deals in the past year: with Ukhamba Holdings in March 2004, and last week with Lereko Mobility, a consortium headed by former politicians Popo Molefe and Valli Moosa. Imperial has stakes...
SPENDING BOOM TAKES SHAPE
By Andrew McNulty
For investors taking a long-term view, the expected upswing in infrastructural investment should be an important theme. Of course, there are difficulties with this. The number of listed companies that may benefit directly is limited, and most ...
DIAMONDS & DOGS
By Jamie Carr
Diamond Brait Now what is everybody going to talk about? The announcement that John Coulter is going to Brait means that the drawing-rooms of the more salubrious suburbs are going to have to think of something else ...
COMPU-CLEARING
By Michael Coulson
Steady record should be extended Ord price: R2 Div yield: 4,0...
DATACENTRIX
By Michael Coulson
A sound growth stock Ord price: 315c Div yield: 2,9% PE ratio...
GOODHOPE DIAMONDS
By Michael Coulson
Another disappointing six months Ord price: R2 Sector PE: 9,3...
KWV INVESTMENTS
By Michael Coulson
Fairly priced Ord price: 3 125c Div yield: 4,7% PE ratio: 10,...
MVELAPHANDA GROUP
By Michael Coulson
May have been oversold Ord price: 615c Div yield: - PE ratio:...
PUTCO PROPERTIES
By Michael Coulson
Others offer better value Ord price: 635c Div yield: 8,7% PE ...
