Highlights of the day: 20 October

FinMeUp highlights of the day

South Africa

Adcorp Holdings Limited- Trading Statement

• Revenue will increase by between 1.2% and 5.2%.
• Gross profit will increase by between 4.3% and 8.3%.

Clicks Group Limited- Results for the year ended 31 August 2022

• Group turnover up 6.0%.
• Retail turnover up 11.7%.
• Group diluted HEPS up 33.5%.
• Return on equity increased to 48.0%.
• R4.3 billion cash generated by operations.
• The board declared a final gross ordinary dividend for the period ended 31 August 2022 of 457.0 cents per share and will be paid on Monday, 30 January 2023.

Anglo American

• Anglo American and Thyssenkrupp are developing new pathways for the decarbonisation of steelmaking.

Coronation Fund Managers Limited- Assets Under Management and Trading Statement

• The company expects the EPS to decrease by between 20% to 30%.

Crypto

• Crypto has been declared as a financial product!

The U.S.

Cannabis

• Green Thumb Industries signed a deal with convenience-store chain Circle K to sell licensed marijuana at 10 Florida gas stations beginning in 2023.

Tesla

• EPS of $1.05 beating expectations of $1.01.
• Revenue of $21.45B missing expectations of $21.96B.
• Elon Musk has announced that Teslas engineering team has turned its focus to a next-generation electric car platform that will be half the price of the Model 3/Y platform.

AT&T earnings

• Revenue of $30.0B, beating expectations of $29.8B
• EPS of $0.68, beating expectations of $0.61.

American Airlines earnings

• Revenue of $13.5B, beating expectations of $13.5B.
• EPS of $1.18, beating expectations of $0.55.