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Highlights of the day: 13 September

April 16, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

South Africa

African Rainbow Capital Investments Limited- Full-year financial results for the period to 30 June 2022

  • Intrinsic portfolio value increased by 11.3% to R13 659 million.
  • Cash in the ARC fund grew 180% to R669 million.
  • Debt in the fund increased by 12.1% to R974 million.
  • Significant international equity funding was secured in TymeBank and Tyme Global.
  • The company disposed of 12.4 million Afrimat shares for R740 million.
  • Net Asset Value per share increased by 13.9% to R10.08.

Stadio Holdings Limited- Dealings in securities

  • The Stadio Group Share Incentive Trust has acquired 825 000 shares for a total value of R2 977 329.49.
  • The transactions took place between 8 and 12 September.

 

The U.S.

Fidelity Investments

  • Fidelity Investments is weighing a plan to allow individual investors to trade Bitcoin on its brokerage platform.

Oracle earnings

  • EPS of $1.03 missing expectations of $1.07.
  • Revenue of $11.45B missing expectations of $11.46B.

General Motors

  • CEO, Mary Barra has said that the company is on track to sell 1 million EVs in North America in 2025.

Honda

  • Honda has announced its plan to launch more than 10 new electric motorcycle models globally in the next 3 years.

U.S. CPI data

  • US CPI for August came in at 8.3% (YoY) above expectations of 8.1%.

 

Biggest winners and losers

JSE

  • Massmart +1.87%
  • Discovery -5.34%

U.S.

  • Nvidia -7.03%
  • Meta -7.52%

Crypto

  • Bitcoin -5.6%
  • Ethereum -8.4%
  • BNB -4.8%

 

 


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