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Highlights of the day: 24 May

March 1, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day


South Africa

Coronation Fund Managers Limited- Financial results for the period ended 31 March 2022
Revenue decreased by 10.8% to R1,934 million.
EPS and HEPS decreased by 22.2% to 199.1 cents per share.
Interim dividend decreased by 12.3% to 214.0 cents.

African Bank- Interim financial results for the six months ended 31 March 2022
Net profit of R257 million compared to a loss of R135 million 2021.
Credit impairment charge decreased to R658 million from R850 million in 2021.
Net customer advances balances increased to R19 628 million from R16 698 million in 2021

Datatec Limited- Provisional audited results for year ended 28 February 2022
Revenue increased 12.8% to $4 636.8 million.
Gross profit increased 11.6% to $770.4 million.
EBITDA increased 30.3% to $154.5 million.
EPS improved 1184.6% to 16.7 US cents.
HEPS improved 800.0% to 16.2 US cents.
Dividends increased 11% to 111 SA cents.

United States

Zoom Q1 Earnings
Revenue: $1.07 billion vs analyst expectations of $1.07 billion.
Adjusted Earnings Per Share: $1.03 vs analyst expectation of $0.87
Zooms share price jumped over 18% after hours on Monday.

ARK Innovation ETF 
Cathie Woods ARK fund has taken advantage of the recent Tesla dip, the fund has added $10 million in Tesla stock as the stock is down 32% in the last month.

Snapchat
Snapchat shares have dropped 30% on Monday as a result of CEO, Evan Spiegel warned employees that the company will miss its own target for revenue and adjusted earnings in the current quarter.
The company is also slowing down hiring to manage expenses.

GameStop
Users can now securely store, send & use ETH, NFTs & ERC20 tokens with GameStops self-custodial Ethereum Wallet.

Walmart
Walmart announced an expansion to its agreement with Symbiotic to implement its robotics and software automation platform in all 42 of Walmart's regional distribution centers over the coming years.

Biggest winners and losers: 
JSE
Alphamin Resources +10.02%
Barloworld -11.70% 

US
Amgen +0.83%
Meta (ex Facebook) -10.03%

Crypto
Bitcoin -4.5% 
Ethereum -6.4% 
Solana -9.8%


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


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