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18 December 2019
Hello Voornaam,

Perhaps it's something in the air; there were an unusually high number of announcements concerning gas yesterday - from Sasol's ethane cracker in Louisiana in the US, to a trading statement from industrial and domestic gases group Afrox and a big discovery by liquefied natural gas and helium explorer Renergen.

All three announcements met with the approval of shareholders, sending Sasol and Renergen's shares sharply higher, while Afrox also closed up.

At the other end of the scale, Ascendis Healthcare slumped after it ended talks to sell its Remedica business in Cyprus, although it will keep on pursuing a deal. Although Remedica is very cash generative for Ascendis, it needs the money more due to the high offshore debt it built up while acquiring businesses a few years back.

Meanwhile, Kore Potash is making headway with its Dougou Extension project in the DRC and has identified a number of opportunities to reduce costs in what it believes is one of the highest potash deposits in the world. And NEPI Rockcastle has sold its portfolio of Romanian office properties as it grows its exposure to retail property in the region.

Finally, if you're looking for a stocking filler, Ingham Analytics has a few to suggest in its latest research on how to 'politics-proof' your investment portfolio this Christmas. You can access the report here.

I hope you have a good day.

Stephen Gunnion

Managing Editor, InceConnect


Todays Latest Headlines

Sasol finally cracks it at Lake Charles
The oil and chemicals group says its ethane cracker is now producing at 85 to 90 percent of capacity after it took steps to fix it.
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Ascendis slumps as Remedica sale falters
The group says it will still try and sell the business but only at a price that reflects its market value.
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Healthcare contract buoys Afrox
The gases and welding group will report a big rise in full-year profit thanks it its growing healthcare business.
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Kore Potash on track with DX project
The potash exploration and development company says there is potential to reduce capital and operating costs for the project.
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Renergen lifted by gas discovery
The company has invited proposals from interested parties on gas fired power solutions as well as those looking to receive power in the Free State.
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NEPI Rockcastle sells Romanian offices
The Central and Eastern European landlord says it will use the proceeds to fund its pipeline of acquisitions as it grows its retail exposure.
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