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  • Finweek - English

    Simon’s stock tips

    Nov 26, 2020 5 minutes
    By Simon Brown

    GROWTHPOINT

    Book build success

    Growthpoint came late to the capital raising party, but the accelerated book build saw significant support, as R4.3bn was raised against the planned R4bn, according to an announcement on 12 November. The accompanying update was not pretty, but Growthpoint is now well capitalised and, even with distributions cut from 100% to 75%, it’s the best in the listed property sector.

    DIS-CHEM

    Expanding into primary healthcare

    Dis-Chem Group’s results for the six months through 31 August saw headline earnings per share (HEPS) rise 16.2%, compared with the same period a year earlier. What really stood out was the announcement that the dividend was cancelled due to “a number of potential strategic acquisitions”. Aside from the already announced purchase of Baby City, Dis-Chem has two other acquisition targets on the radar: a community-based

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