Ghost Wrap #44 (Bowler Metcalf | City Lodge | Shoprite | The Foschini Group | Bidvest | AVI)

Welcome to Ghost Wrap, your twice-weekly update on the most interesting company news in the South African market.

In this episode of Ghost Wrap, I looked at some of the more interesting stories in a busy few days of news.

• Bowler Metcalf is evidence of how share buybacks can turn financial water into wine.
• City Lodge was permanently damaged by the pandemic, but at least the company is profitable again.
• Shoprite's astonishing performance was blunted by Eskom, which means share price performance is also well off where it should be.
• The Foschini Group's trading update reflects the impact of pressure on like-for-like sales, a drop in gross margin and debt on the recent acquisition.
• Bidvest's second half of the financial year was all about generating cash, which was helpful for the dividend payout ratio.
• AVI's results look good provided you exclude I&J, which tells us something about the different segments in the group.

The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.