Highlights of the day: 19 May

July 17, 2023

FinMeUp highlights of the day

Hi FinMeUppers! Before you proceed with the daily news, please take a few minutes to complete this survey. We need your feedback to improve the app. Thank you! www.bit.ly/FinMeUpCommunity_Feedback



South Africa hike rates by 50 basis points.
New prime: 8.25%.
New repo: 4.75%.

Afrimat - Audited consolidated financial statements for the year ended 28 February 2022
Group revenue increased by 26,7% to R4,7 billion.
Operating profit margin 23,7%.
HEPS increased 22,9% to 542,9 cents.
Net Debt:Equity ratio of 12,1%.
Final dividend per share of 146 cents.
Return on net operating assets 33,0%.

Globe Trade Centre S.A- Q1 2022 results
Rental revenues up from EUR 37m to EUR 42m in Q1 2022.
Gross margin from rental activity up from EUR  27m to EUR 30m in Q1 2022.
Adjusted EBITDA up from EUR 24m to EUR 26m in Q1 2022.
Strong cash position of EUR 278m.
Occupancy at 91%.
Disposal of Serbian office buildings for EUR 268m.
88% of assets green certified, 11% under certification process.

Investec PLC- Unaudited consolidated financial results for the year ended 31 March 2022 
Adjusted EPS increased 90.7% to 55.1p.
Funds under management increased 9.2% to 63.8 billion.
Net core loans grew 13.2% to 29.9 billion.
Revenue grew 21.3%.
The cost to income ratio improved to 63.3%.
The credit loss ratio improved to 8bps.
Return on equity improved to 11.4% compared to 6.6% reported FY2021.
Return on tangible equity was 12.3% compared to 7.2% reported in FY2021.
Net asset value per share increased 11.4% to 510.0p.
The Board has proposed a final dividend of 14.0p per share, resulting in a full year dividend of 25.0p per share.

Renergen Limited- Abridged annual financial statements
Revenue increased by 36.8% to R2.6 million, compared to R1.9 million in the corresponding period.
Headline loss per share decreased by 23.6% to 27.73 cents per share, compared to a headline loss per share of 36.29 cents per share reported in the corresponding period.
Loss per share decreased by 23.6% to 27.73 cents per share, compared to a loss per share of 36.29 reported in the corresponding period.


Cisco Systems Q3 - Earnings Update
Earnings The company reported earnings of 87 cents per share, adjusted vs 86 cents per share expected by analysts.
Revenue The company reported a revenue of $12.84 billion vs an expected revenue of $13.34 billion by analysts.
Cisco shares have plunged by as much as 17% in extended trading hours on Wednesday.

Uber and Grocery Outlet announced today a partnership to pilot grocery delivery across the west coast.

Biggest winners and losers: 
AngloGold Ashanti +3.09%
Ninety One -5.3%

Synopsys +10.78%
Cisco -13.11% 

Bitcoin +1.4% 
Ethereum -0.9% 
BNB +2.3%

Our weekly newsletter discusses the highlights of the week, as well as a brief overview of the best content posted on the app for the week. To sign up, feel free to visit our website: https://www.finmeup.co.za/, or click directly on the following link: https://bit.ly/FinMeUp_Newsletter


Related Tags:
2 min read
Share this article:

Related Articles

All articles