The Daily Update: 15 February

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

South Africa

Jubilee Metals Group PLC

• The companys Inyoni Facility delivered 18 208 PGM ounces for the six-months to December 2022.
• Chrome production was 634 111 tonnes and is expected to exceed guidance for the year.
• Operational cost net of chrome credits remained tightly under control at US$ 516 per PGM ounce.
• Zambia Copper production was down 10% on the previous six months to 1 149 tonnes.
• Jubilee is investing a further US$2.5 million in its Zambian operations.
• The Companys new refined Zambia strategy will allow the Zambian operations to maximise the use of available and renewed infrastructure.

Gold Fields Limited- Trading statement for FY 2022

• Basic EPS is expected to be between 77 and 83 U.S. cents per share, representing a decrease of between 7% and 13%.

AngloGold Ashanti Limited- Trading statement

• EPS is expected to be between 67 US cents and 75 US cents, representing a decrease of between 49% to 55%.

The U.S.

Berkshire Hathaway

• Warren Buffett and Berkshire received a $210.6 Million dividend check from Apple in Q4.

Microsoft

• Microsoft laid off 150 sales specialists whose job was to convince businesses to buy cloud services.
• The team was formed two years ago with a $200 million budget.

Elon Musk

• Elon Musk gifted 11.6M shares of Tesla stock to a charity between August 12th to December 27th 2022.

AirBNB Earnings

• EPS of $0.48.
• Revenue of $1.9B beating expectations of $1.86B.

Roblox Earnings

• EPS of -$0.48 beating expectations of -$0.52.
• Net Bookings of $899.4M beating expectations of $888.1M.
• A total of 49.3 Billion hours were spent playing Roblox in 2022.
• Average Daily Active Users of 65M up 19% YoY.
• Hours engaged of 5B up 19% YoY.
• Estimated Revenue between $213M-$216M up between 22%-24% YoY.