Research
The content listed is not for investment, financial, accounting or tax advice and is provided for informational purposes only.
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AfroCentric Investment Corporation: FY 24e Trading Update
Key message: Afrocentric Corporation (ACT) released a trading statement ahead of their FY 24e results, signaling a mixed performance across different segments. The company expects a significant drop in EPS by -83% to -73% YoY, mainly due to impairments totaling R230 million on goodwill related to its pharmaceutical cluster. However, HEPS is projected to improve by 6% to 16% YoY.
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Forestry & Paper : Sappi 3Q 24E Insights
Key message: We expect 3Q EBITDA of $156mn excluding the forestry fair value adjustment. 4Q guidance should be encouraging but likely to be impacted by lower-than-expected DP volumes at Saiccor following the fire incident on 17 July.
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Auto Anemometer: New Vehicle Sales – July 2024
Key message: Welcome uptick in passenger sales could signal recovery in second half of the year for the car market.
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Key message: Large restructuring costs will impact FY24 and FY25, but the target of doubling core EBITDA by FY26 remains. AECI released 1H FY24 results. HEPS declined by 57% on a 4% and 24% decline in revenue and EBITDA as large restructuring costs (R422m) and a high...