Highlights of the day: 16 August

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%