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Highlights of the day: 16 August

April 16, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

South Africa

BHP Group Limited- Results for the Year Ended 30 June 2022

  • Revenue grew 14% to $65,098 million.
  • Basic EPS grew 173% to 610.6 US cents.
  • HEPS grew 54% to 439.0 US cents.

Mondi PLC

  • Mondi plc has agreed to acquire the Duino mill from the Burgo Group for a total consideration of EUR40 million.
  • Mondi plans to convert this paper machine to produce around 420,000 tonnes per annum of high-quality recycled containerboard for an estimated investment of around EUR200 million.

Santam Limited- Trading statement for the six months ended 30 June 2022

  • Santam expects an EPS of between 340 and 510 cents per share, representing a decrease of between 41% to 61%.
  • Santam expects a HEPS of between 327 and 491 cents per share, representing a decrease of between 43% and 62%.

 

The U.S.

Berkshire Hathaway

  • Added 3.9M shares of Apple last quarter.
  • Ended Q2 with 158.5M shares of Occidental.
  • Exited its positions in Verizon and Royalty Pharma last quarter.

Electronic Arts

  • Electronic Arts have authorized a share buyback program worth up to $2.6 Billion.

Apple

  • Apple has fired about 100 contract recruiters over the last week as part of their plan to slow down hiring.

Walmart Earnings

  • EPS of $1.77 beating expectations of $1.60.
  • Revenue of $152.9B beating expectations of $149.96B.

Home Depot earnings

  • EPS of $5.05 beating expectations of $4.95.
  • Revenue of $43.80B beating expectations of $43.40B.

 

Biggest winners and losers

JSE

  • BHP Group +6.40%
  • Richemont-2.38%

U.S.

  • Tesla +1.53%
  • Zoom -6.13%

Crypto

  • Bitcoin -1.5%
  • Ethereum -1.2%
  • BNB -1.1%

 

 

 


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