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Highlights of the day: 1 August

Feb. 29, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

South Africa

MTN Group Limited- Trading statement for the six-month period ended 30 June 2022

  • MTN expects an EPS between 437 cents and 451 cents, representing an increase of between 195% and 205%.
  • MTN expects a HEPS of between 542 cents and 581 cents, representing an increase of between 40% and 50%.

Thungela Resources Limited- Trading Statement for the six months ended 30 June 2022

  • Thungela expects an EPS of between R66.85 and R67.45 compared to an EPS of R3.13 for the six months ended 30 June 2021.
  • Thungela expects a HEPS of between R66.85 and R67.45 compared to a HEPS of R3.05 for the six months ended 30 June 2021.

Kaap Agri Limited

  • The acquisition of Peg Retail Holdings was successfully implemented on 29 July 2022.

 

The U.S.

Nio

  • Nio delivered 10,052 vehicles in June 2022 up 26.7% YoY but down 22.4% MoM.

PepsiCo

  • Celsius and Pepsi have announced a new long-term strategic distribution arrangement for Pepsi to begin distributing Celisus' drinks.
  • As part of the deal, Pepsi will invest $550M into Celsius for convertible preferred stock.
  • Shares were priced at $75 per share, or ~7.33M shares, equating to ~8.5% ownership in Celsius on an as-converted basis. 
  • The preferred shares are entitled to a 5% annual dividend.

 

Biggest winners and losers

JSE

  • MTN +2.36%
  • Kumba -5.21%

U.S

  • VeriSign +3.63%
  • Electronic Arts -1.46%

Crypto

  • Bitcoin -1.4%
  • Ethereum -1.9%
  • BNB -1.3%

 

 


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