✅ Where TT and Ghost Mail Agree
ADvTECH (ADH) — TT: BULLISH | Ghost: BULLISHBoth share similar views on the company's outlook and valuation.
Aveng (AEG) — TT: NEUTRAL | Ghost: NEUTRALBoth share similar views on the company's outlook and valuation.
Bid Corporation (BID) — TT: BULLISH | Ghost: BULLISHBoth share similar views on the company's outlook and valuation.
Calgro M3 Holdings (CGR) — TT: NEUTRAL | Ghost: NEUTRALBoth are NEUTRAL on Calgro with the same worry: cash. Ghost's Oct 20 deep-dive flagged cash utilised in operations doubling to R110.3m, net operating cash outflow of R159m and debt service cover at 1.35 against a 1.2 covenant; TT agrees the flat revenue, HEPS -4.8% and the R17.21 NAV vs R3.75 share price leave the discount intact precisely because the cash profile is scary.
Coronation Fund Managers (CML) — TT: NEUTRAL | Ghost: NEUTRALBoth are neutral-cautious on Coronation: Ghost notes the sharp H2 swing (interim +2% to full-year -5-15%) and flat AUM at R750bn; TT agrees fund managers in a low-volatility, net-outflow market are in a holding pattern — great business, wrong cycle.
Datatec (DTC) — TT: BULLISH | Ghost: BULLISHBoth see the Westcon value crystallisation as a major win. Ghost noted the scrip distribution alternative lets management retain R4.8bn of the R7bn special dividend as shares — rare alignment with minorities; TT agrees the underlying EPS +53-61% trading statement and the R7.05bn return validate the sum-of-parts thesis.
Dipula Properties (DIB) — TT: BULLISH | Ghost: BULLISHBoth share similar views on the company's outlook and valuation.
Hosken Consolidated Investments (HCI) — TT: NEUTRAL | Ghost: NEUTRALBoth share similar views on the company's outlook and valuation.
Lesaka Technologies (LSK) — TT: BULLISH | Ghost: BULLISHBoth see Lesaka's fintech platform as undervalued with strong growth potential.
Metair Investments (MTA) — TT: BULLISH | Ghost: BULLISHBoth view Metaair's growth trajectory and market position positively.
Naspers (NPN) — TT: BULLISH | Ghost: BULLISHBoth are bullish on the Prosus/Tencent value proposition and the buyback programme.
Northam Platinum Holdings (NPH) — TT: BULLISH | Ghost: BULLISHBoth are bullish on Northam from different angles. Ghost flags the GCR credit rating upgrade to a Stable outlook as evidence of financial health — debt serviceability on a balance sheet sitting at just 0.26 debt/equity; TT agrees the strategic process drawing expressions of interest from SA and multinational corporations well ahead of the 1 Dec deadline adds a corporate-action premium the 7.1x PE doesn't price in.
Oceana Group (OCE) — TT: BULLISH | Ghost: BULLISHBoth are bullish on Oceana after a thumping FY2026 trading statement — HEPS +46-56% to 825-880c. Ghost breaks down the H1-vs-H2 momentum (interim HEPS only +7.7%, so H2 printed ~500c) and credits higher volumes and pricing in US fishmeal/fish oil plus a solid Lucky Star; TT agrees the diversified fishing house is catching both rising prices and volumes.
PPC Limited (PPC) — TT: BULLISH | Ghost: BULLISHBoth see the Arlington Estate sale as pure value extraction — Ghost calls it a perfect example of unlocking unproductive capital, noting the R296m is ~10% of the RK3 project budget; TT agrees land with no limestone deposits was doing nothing on the balance sheet.
Prosus NV (PRX) — TT: BULLISH | Ghost: BULLISHBoth share similar views on the company's outlook and valuation.
Quantum Foods Holdings (QFH) — TT: BULLISH | Ghost: BULLISHBoth lean positive on Quantum Foods — HEPS +17-29% with acceleration in H2. Ghost flags the timing distortions (layer-farm insurance proceeds, soft 2025 base from the Malmesbury mill explosion) and wants the 27 Nov results before full conviction; TT agrees the feeds + layer recovery outweighs broiler margin pressure.
Resilient REIT (RES) — TT: BULLISH | Ghost: BULLISHBoth share similar views on the company's outlook and valuation.
Sabvest Capital (SBP) — TT: BULLISH | Ghost: BULLISHBoth share similar views on the company's outlook and valuation.
Santam Limited (SNT) — TT: BULLISH | Ghost: BULLISHBoth share similar views on the company's outlook and valuation.
Tharisa (THA) — TT: BULLISH | Ghost: BULLISHBoth share similar views on the company's outlook and valuation.
Woolworths Holdings (WHL) — TT: BULLISH | Ghost: BULLISHBoth share similar views on the company's outlook and valuation.
⚠️ Where TT and Ghost Mail Disagree
Accelerate Property Fund (APF) — TT: BEARISH | Ghost: NEUTRALTT rates BEARISH while Ghost was NEUTRAL. The core difference is likely timing and perspective on near-term catalysts vs long-term value.
Hulamin (HLM) — TT: BULLISH | Ghost: NEUTRALTT rates BULLISH while Ghost was NEUTRAL. The core difference is likely timing and perspective on near-term catalysts vs long-term value.
Italtile (ITE) — TT: NEUTRAL | Ghost: BEARISHTT rates NEUTRAL while Ghost was BEARISH. The core difference is likely timing and perspective on near-term catalysts vs long-term value.
OUTsurance Group Limited (OUT) — TT: NEUTRAL | Ghost: BULLISHTT rates NEUTRAL while Ghost was BULLISH. The core difference is likely timing and perspective on near-term catalysts vs long-term value.
Stor-Age Property REIT (SSS) — TT: BULLISH | Ghost: NEUTRALTT rates BULLISH while Ghost was NEUTRAL. The core difference is likely timing and perspective on near-term catalysts vs long-term value.
Transpaco (TPC) — TT: NEUTRAL | Ghost: BEARISHTT rates NEUTRAL while Ghost was BEARISH. The core difference is likely timing and perspective on near-term catalysts vs long-term value.
Truworths International (TRU) — TT: NEUTRAL | Ghost: BEARISHTT rates NEUTRAL while Ghost was BEARISH. The core difference is likely timing and perspective on near-term catalysts vs long-term value.