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The Daily Update: 10 August

April 16, 2024
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FinMeUp
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FinMeUp

The latest updates from the JSE and NYSE over the past 24 hours.

 

South Africa

ADvTECH Limited

  • Basic EPS for H1 2023 expected to be 21% to 26% higher than H1 2022.

Cashbuild Limited

  • EPS to decrease between 75% and 80% compared to prior year.

Montauk Renewables INC.

  • Montauk Renewables, Inc. has made agreements to expand waste-to-renewable energy in North Carolina.
  • The company has signed a Renewable Energy Certificates (REC) Agreement with Duke Energy for a proposed waste-to-renewable energy facility in Sampson County, North Carolina.
  • Montauk is building the Turkey Creek facility using patented near zero emissions conversion technology.
  • The facility will convert swine waste into renewable electricity, renewable natural gas, and other renewable commodities like biochar fertilizer.
  • Duke Energy will purchase electricity and swine waste Renewable Energy Certificates (RECs) from the conversion under a 15-year agreement.
  • The project aims to generate up to 47,000 RECs per year once fully commissioned.

Montauk Renewables INC.

  • Revenue down 28% to $72 409 000.
  • EBITDA down 70% to $9 921 000.
  • Basic Loss per Share of$0.02 compared to Earnings of $0.13 in 30 June 2022.
  • Headline Loss per Common Share of $0.01 compared to Earnings of $0.13 in 30 June 2022.
  • Net Asset Value per Common Share of $1.61 up 11% from $1.45 in 30 June 2022.

 

The U.S.

 

Tesla

  • Tesla currently have $23.3B in cash.

Disney

  • EPS of $1.03 beating expectations of $0.97.
  • Revenue of $22.3B missing expectations of $22.5B.
  • Disney expects to resume paying a dividend by the end of 2023.
  • Disney+ subscribers of 146.1M missing expectations of 154.8M.

Roblox 

  • Revenue of $680.8M, up 15% YoY.
  • Average daily users of 65.5M, up 25% YoY.

Alibaba Earnings

  • EPS of $2.40 beating expectations of $2.01.
  • Revenue of $32.3B beating expectations of $31.1B.

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