Ghost Wrap #55 (Mr Price | Southern Sun vs. City Lodge | Sirius Real Estate | African Rainbow Capital | Sibanye-Stillwater)

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

In this episode of Ghost Wrap, I recapped five important stories on the local market:

• Mr Price released results that I felt were rather poor, yet the market took the stock over 8% higher by the close on the day of release. Either I'm wrong, or the market is wrong. Listen to my reasoning and decide for yourself.
• Southern Sun and City Lodge are enjoying a resurgence in demand for hotel rooms, with the former doing as well as I expected and the latter surprising me to the upside.
• Sirius Real Estate executed a successful capital raise on the market, demonstrating that investors are highly supportive of the strategy.
• African Rainbow Capital has made sure once and for all that I'll never touch the company with my money, as the latest capital raise is highly painful for minority shareholders.
• Sibanye-Stillwater incurred the wrath of investors with the news of a convertible bond capital raise, but did the market overreact to this news? 

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.