Ghost Wrap #47 (Capital Appreciation vs. PBT Group | Mustek | Bidvest | Hyprop vs. Growthpoint | Astral Foods and Quantum Foods | Trellidor | Southern Sun vs. City Lodge)

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.

• Capital Appreciation's share price has done anything but appreciate this year, with sector peer PBT Group also under pressure.
• Mustek is proof of how low expectations can help in this environment.
• Bidvest is executing a bolt-on acquisition in Australia, a traditionally tough market for SA corporates.
• Hyprop's outlook for distributable income is as bearish as Growthpoint's outlook, yet the share price performances are completely different because of relative valuation.
• Astral Foods is in a perfect storm for the poultry industry, just like sector peer Quantum Foods.
• Trellidor gave earnings guidance that really disappointed the market.
• Southern Sun shows that swimming with the tide is much easier than swimming against it, with City Lodge finding things are a lot harder in its traditionally business-focused hotel footprint.

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.