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Highlights of the day: 29 August

April 21, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

South Africa

Massmart Holdings Limited- Reviewed Interim Results for the 26 weeks ended 26 June 2022

  • Trading profit before interest and taxation decreased 27.2% to R323.5 million.
  • Loss for the period worsened 1.5% to R1,101.9 million.
  • Basic EPS decreased 1.3% to a loss per share of 509.0 cents per share.
  • The Massmart board and Walmart have reached a principle agreement regarding a potential offer by Walmart to acquire all of the issued ordinary shares in Massmart. The Massmart share price jumped by 42% on this news.

Sun International Limited- Unaudited interim group consolidated results for the six months ended 30 June 2022

  • Group income grew 37% to R5.2 billion.
  • EBITDA grew 99% to R1 474 million.
  • Basic EPS grew 394% to 94 cents per share.
  • The board declared a gross interim dividend of 88 cents per share, to be paid on Monday, 19 September 2022.

Sea Harvest Group Limited- Interim results for the six months ended 30 June 2022

  • Revenue grew 29% to R2 705 863 000.
  • EBIT decreased 10% to R286 916 000.
  • Profit after tax fell 10% to R180 078 000.
  • Basic EPS fell 14% to 67 cents per share.

Advtech Limited- Interim results for the six months ended 30 June 2022 and announcement of dividend declaration

  • Revenue increased by 18% to R3 380 million.
  • EPS increased by 22% to 67.3 cents per share.
  • The board declared an interim dividend of 23 cents per share, up from 19 cents per share, to be paid on Monday, 19 September 2022.

 

The U.S.

Netflix

  • The live-action Resident Evil series on Netflix has been cancelled after just one season.

Disney

  • Disney has secured the rights to air four years of global cricket events to its subscribers in India.

Tesla

  • Tesla Supplier Panasonic has Planned an Additional $4 Billion EV Battery Plant in the US.
  • Oklahoma is a top contender for the new site after Kansas won an earlier investment.

Walmart

  • Walmart has offered to acquire the remaining 47% of South African retailer Massmart that it doesn't already own for around $377.6M.

 

Biggest winners and losers

JSE

  • Massmart +42.71%
  • Sibanye Stillwater -5.10%

U.S.

  • Pinduoduo +18.12%
  • Electronic Arts -1.78%

Crypto

  • Bitcoin +0.9%
  • Ethereum 2.2%
  • BNB +1.0%

 


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