Highlights of the day: 21 September

FinMeUp highlights of the day

South Africa

Annual CPI

• Inflation slowed to 7.6% from 7.8% in July.

MTN Group Limited

• Coronation Asset Management has acquired MTN shares and now holds 5.09% of the issued ordinary share capital of MTN Group.

Thungela Resources Limited- Dealings in securities

• The CFO, Gideon Frederick Smith, sold 60 000 shares for a total value of R22 706 945.10.

Sasfin Holdings Limited- Summarised audited consolidated annual results for the year ended 30 June 2022 and cash dividend declaration

• Group headline earnings grew 18.19% to R166.7 million.
• EPS grew 147.7% to 597.47 cents per share.
• Group profit grew 137% to R183.9 million.

Zeder Investments Limited

• Coronation Asset Management Proprietary Limited has purchased Zeder shares and now holds 5.00% of the total issued ordinary share capital of the Company.

City Lodge Hotels Limited- Results for the year ended 30 June 2022

• Revenue grew 116% to R1.10 billion.
• Average group occupancies grew from 19% in 2021 to 38%.
• EBITDA grew 122% to R303.2 million.
• EPS grew 109% to 14 cents per share.
• No dividend was declared.

The U.S.

Nvidia

• Nvidia has just announced its 3rd generation RTX chip "Ada Lovelace".

Boeing

• Boeing plans to eliminate about 150 finance jobs in the US as part of a push to simplify its corporate structure.

Palantir

• Palantir just announced an expansion to its partnership with Hyundai Heavy Industries Group.
• The total value of the contracts comes to over $45 Million over 5 years.

Motive Studios 

• Electronic Arts-owned Motive Studios and Marvel Entertainment just announced they are teaming up to develop an all-new Iron Man video game.