Who's doing what this week in the South African M&A space?
Exchange Listed Companies RMB Corvest (RMB Holdings (JO:RMHJ)), as part of a private equity consortium with Umoya Capital Partners, Calibre Capital and management, have invested in Brunel...
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Spear REIT News & Analysis
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Weekly corporate finance activity by SA exchange-listed companies
MTN completes its Series 1 offer of MTN Nigeria shares MTN (JO:MTNJ), via a bookbuild, has completed its Series 1 offer for sale of 575 million MTN Nigeria shares to Nigerian investors. The...
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An ever-sharpening Spear
Spear (JO:SEAJ) is a Cape Town-focused REIT that is well-respected among investors despite its diminutive size vs. many of the other funds. I live in Cape Town and I wholeheartedly agree...
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BRIEF-Spear REIT Ltd Says Rental Collections Of Rev Billed For FY21 Was 97%
April 28 (Reuters) - Spear REIT Ltd SEAJ.J :* JSE: SEA - TRADING UPDATE AND TRADING STATEMENT* SPEAR REIT LTD - RENTAL COLLECTIONS OF REVENUE BILLED FOR 2021 FINANCIAL YEAR WAS 97%...
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BRIEF-Spear REIT Says Unit Grants Capital Apartments And Hotels Group Proprietary Call Option To Buy Property
March 18 (Reuters) - Spear REIT Ltd SEAJ.J :* JSE: SEA - 15 ON ORANGE LEASE AND ASSET UPDATE* SPEAR REIT- UNIT GRANTED CAPITAL APARTMENTS AND HOTELS GROUP PROPRIETARY A CALL OPTION TO...
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BRIEF-Spear REIT Announces Acquisition Of 30% Of Spear One
Nov 26 (Reuters) - Spear REIT Ltd SEAJ.J :* JSE: SEA - VOLUNTARY ANNOUNCEMENT – ACQUISITION OF 30% OF SPEAR ONE* SPEAR REIT LTD - CONSIDERATION WILL BE SETTLED BY SPEAR ISSUING 1 533 333...
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BRIEF-Spear REIT Says HY HEPS Down 13.79% At 39.20 Cents Per Share
Oct 30 (Reuters) - Spear REIT Ltd SEAJ.J :* SPEAR REIT LTD - HY HEADLINE EARNINGS PER SHARE DECREASED BY 13.79% TO 39.20 CENTS PER SHARE* SPEAR REIT LTD - DECLARE AN INTERIM GROSS DIVIDEND...
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BRIEF-Spear REIT Sees HY Distribution Per Share Between 28.34 Cents And 30.34 Cents
Oct 5 (Reuters) - Spear REIT Ltd SEAJ.J :* SPEAR REIT LTD - DURING INTERIM PERIOD R55 MILLION OF DISPOSAL PROCEEDS WERE UTILISED TO SETTLE PORTFOLIO DEBT* SPEAR REIT LTD - NOTABLE UPTICK...
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BRIEF-Spear REIT Says FY Revenue Increased By 21.27%
May 14 (Reuters) - Spear REIT Ltd SEAJ.J : * JSE: SEA - SHORT-FORM ANNOUNCEMENT: REVIEWED FINANCIAL RESULTS AND DIVIDEND DECLARATION FOR THE YEAR ENDING 29 FEBRUARY 2020 * SPEAR REIT LTD -...
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BRIEF-Spear REIT Says April Rental Collection Exceeds 60% Of Revenue Billed For Month
April 2 (Reuters) - Spear REIT Ltd SEAJ.J :* JSE: SEA - SPEAR OVERVIEW - COVID-19* SPEAR REIT LTD - APRIL 2020 RENTAL COLLECTION HAS EXCEEDED 60% OF REVENUE BILLED FOR MONTH* SPEAR REIT...
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BRIEF-Spear Says Total Of Beneficial Interests Held By Old Mutual Amounts To 5.01%
March 20 (Reuters) - Spear REIT Ltd SEAJ.J :* JSE: SEA - DISCLOSURE OF ACQUISITION OF SECURITIES* SPEAR REIT LTD - TOTAL OF ALL BENEFICIAL INTERESTS HELD BY OLD MUTUAL AMOUNTS TO 5.01% OF...
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BRIEF-Spear REIT Says Acquisition Of The Liberty Life Building, Century City, Cape Town
Nov 1 (Reuters) - Spear REIT Ltd SEAJ.J :* ACQUISITION OF THE LIBERTY LIFE BUILDING, CENTURY CITY, CAPE TOWN* PROPOSED DEAL FOR PURCHASE CONSIDERATION OF R370 MILLION* PURCHASE...
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BRIEF-Spear REIT Reports HY HEPS Of 45.47 Cents
Oct 17 (Reuters) - Spear REIT Ltd SEAJ.J :* JSE: SEA - SHORT-FORM ANNOUNCEMENT: UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTH ENDED 31 AUGUST 2019* SPEAR REIT LTD - HY...
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BRIEF-Spear REIT Says Performance Remains In Line With Guidance For FY 2020
Sept 12 (Reuters) - Spear REIT Ltd SEAJ.J :* TRADING UPDATE* PERFORMANCE REMAINS IN LINE WITH PUBLISHED GUIDANCE OF 6-8% GROWTH IN DISTRIBUTION PER SHARE FOR 2020 FINANCIAL...
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BRIEF-Spear REIT Says Non-Exec Deputy Chair Michael Naftali Flax To Become Non-Exec Director
June 21 (Reuters) - Spear REIT Ltd SEAJ.J :* CHANGE IN FUNCTION OF DEPUTY CHAIRMAN* MICHAEL NAFTALI FLAX WILL BECOME A NON-EXEC DIRECTOR, WILL REMAIN AS NON-EXECUTIVE DEPUTY CHAIRMAN, WITH...
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BRIEF-Spear REIT Says FY2019 Distribution Growth Of 10%
May 15 (Reuters) - Spear REIT Ltd SEAJ.J :* PROVISIONAL SUMMARISED AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2019* FY2019 DISTRIBUTION OF 86.42 CENTS PER...
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BRIEF-Spear REIT Completes Northgate Acquisition
Dec 6 (Reuters) - Spear REIT Ltd SEAJ.J :* COMPLETION OF THE NORTHGATE ACQUISITION
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BRIEF-Spear REIT Says Negotiations Announced In August Were Not Successfully Concluded
Nov 5 (Reuters) - Spear REIT Ltd SEAJ.J :* SPEAR REIT LTD -NEGOTIATIONS ANNOUNCED ON 31 AUGUST AND 15 OCTOBER WERE NOT SUCCESSFULLY CONCLUDED...
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BRIEF-Spear REIT Says Co Well Positioned To Deliver On Management's Guidance For FY 2019
Oct 18 (Reuters) - Spear REIT Ltd SEAJ.J : * INTERIM DISTRIBUTION OF 41.73 CENTS PER SHARE FOR SIX MONTHS ENDED 31 AUGUST 2018 * ON A LIKE-FOR-LIKE BASIS, INTERIM PERIOD TO INTERIM...
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BRIEF-Spear REIT Says Negotiations May Have Material Effect On Price Of Co’s Securities
Oct 15 (Reuters) - Spear REIT Ltd SEAJ.J :* HAS ENTERED INTO NEGOTIATIONS* SAYS NEGOTIATIONS ARE STILL ONGOING...
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BRIEF-Spear REIT Disposes Non-Core Assets For 109.5 Mln Rand
Oct 2 (Reuters) - Spear REIT Ltd SEAJ.J : * DISPOSAL OF NON-CORE ASSETS * CONSIDERATION FOR ATLAS GARDENS PROPERTY, BELLA ROSA PROPERTY, BURGER KING PROPERTY, GEORGE PROPERTY AND PLUM...
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BRIEF-Spear REIT Acquires Waterhouse Place Century City
June 11 (Reuters) - Spear REIT Ltd SEAJ.J :* ACQUISITION OF 1 WATERHOUSE PLACE CENTURY CITY* DEAL IS PURCHASE CONSIDERATION PAYABLE BY SPEAR TO SELLER FOR ACQUISITION IS AMOUNT EQUAL TO...
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BRIEF-Spear REIT Says Successfully Completed Private Placement
June 1 (Reuters) - Spear REIT Ltd SEAJ.J :* SUCCESSFULLY COMPLETED A PRIVATE PLACEMENT AND HAS RECEIVED COMMITMENTS TO SUBSCRIBE FOR R118.5 MILLION OF NEW EQUITY...
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BRIEF-Spear REIT Says Quintin Rossi Succeeded Mike Flax As New CEO
May 17 (Reuters) - Spear REIT Ltd SEAJ.J : * QUINTIN ROSSI HAS SUCCEEDED MIKE FLAX AS NEW CHIEF EXECUTIVE OFFICER OF SPEAR, WITH EFFECT FROM 7 MAY...
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BRIEF-Spear REIT Posts FY Diluted HEPS Of 92.60 Cents
May 17 (Reuters) - Spear REIT Ltd SEAJ.J :* FY TOTAL DISTRIBUTION OF 78.50 CENTS PER SHARE* FY TOTAL REVENUE OF 316.6 MILLION RAND VERSUS 61.3 MILLION RAND YEAR AGO* FY DILUTED HEADLINE...
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BRIEF-Spear REIT Says Concludes Sale Of Rental Enterprise Agreement With Gutsche Investments And Management Company Proprietary
May 8 (Reuters) - Spear REIT Ltd SEAJ.J : * CONCLUDED A SALE OF RENTAL ENTERPRISE AGREEMENT WITH GUTSCHE INVESTMENTS AND MANAGEMENT COMPANY PROPRIETARY LIMITED * PURCHASE PRICE PAYABLE...
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BRIEF-Spear REIT Disposes 142 Bree Street Property For 150 Mln Rand
March 13 (Reuters) - Spear Reit Ltd SEAJ.J :* DISPOSAL OF 142 BREE STREET PROPERTY FOR PURCHASE PRICE FOR PROPERTY IS R150 MILLION
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BRIEF-Spear REIT On Course To Meet Or Exceed Its Revised FY Forecast
Jan 26 (Reuters) - Spear Reit Ltd SEAJ.J : * Spear Reit ltd - despite tough trading conditions in tourism sector, spear is on course to meet or exceed its revised FY Forecast
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BRIEF-Spear REIT posts HY profit before taxation of 134 mln rand
Oct 19 (Reuters) - Spear Reit Ltd SEAJ.J * HY PROFIT BEFORE TAXATION 134 MILLION RAND VERSUS 58.5 MILLION RAND A YEAR AGO
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BRIEF-Spear REIT says previously disclosed negotitaions have ended
Oct 13 (Reuters) - SPEAR REIT LTD SEAJ.J :* ADVISED THAT NEGOTIATIONS HAVE BEEN TERMINATED
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BRIEF-Spear REIT acquires Mwprop rental enterprise
Sept 19 (Reuters) - Spear Reit Ltd SEAJ.J* ACQUISITION OF MWPROP RENTAL ENTERPRISE* TOTAL ACQUISITION COSTS FOR RENTAL ENTERPRISE, INCLUDING PROPERTY, IS R145 MILLION
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BRIEF-Spear REIT says entered into negotiations which may effect share price
Sept 14 (Reuters) - SPEAR REIT LTD SEAJ.J : * ENTERED INTO NEGOTIATIONS, WHICH IF SUCCESSFULLY CONCLUDED MAY HAVE A MATERIAL EFFECT ON PRICE OF COMPANY'S SECURITIES
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BRIEF-Spear REIT completes private placement to raise 182.5 mln rand
July 3 (Reuters) - Spear Reit Ltd SEAJ.J : * Says completed private placement to raise 182.5 million rand, by way of vendor consideration placement * Says total of 19,220,191 new shares...
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BRIEF-Spear REIT says distribution per share for 4 months to Feb.28 at 23.51 cents
May 17 (Reuters) - Spear REIT Limited SEAJ.J * For 4 months to feb 28, distribution per share of 23.51 cents * 3.79% increased in investment property fair value from r1.393 billion to...
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BRIEF-Spear REIT sees distribution per share for 4-month to Feb up 15.69-17.68 pt
April 21 (Reuters) - Spear REIT Limited SEAJ.J * Distribution per share for 4-month period ended 28 february 2017 will be between 23.30 cents per share and 23.70 cents per share Source text...
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BRIEF-Spear REIT updates on 2 Long Street Cape Town deal
March 20 (Reuters) - Spear Reit Ltd SEAJ.J : * Company entered into an addendum to sale of letting business agreement * Purchase consideration for acquisition has been reduced to r389 000...
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