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The Daily Update: 24 April

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

Purple Group Limited- Results for the six months ended 28 February 2023

  • EasyEquities Active clients increased by 23.8% to 831 082.
  • EasyEquities Client assets increased by 15.6% to R42.6 billion.
  • Group revenue increased by 6.7% to R146.0 million.
  • The Group generated a basic loss and headline loss per share of 0.85 cents per share.
  • The Groups net asset value per share increased by 8.9% to 38.72 cents.

Oceana Group Limited- Trading statement

  • EPS is expected to be between 307.4 cents and 283.4 cents representing an increase of between 156% and 136%.

Coronation Fund Managers Limited- Trading statement and assets under management

  • EPS is expected to be between a loss per share of 2 cents and 21.9 cents, representing a decrease of between 101% and 111%.

Merafe Resources Limited- Production report for the quarter ended 31 March 2023

  • Attributable ferrochrome production increased by 3% to 103 kt.

Capital Appreciation Limited

  • Capital Appreciation Limited (CTA) has concluded agreements to acquire 100% of Dariel Solutions Proprietary Limited (Dariel) for R131.2 million.
  • The acquisition will be settled by a combination of cash and the allotment of ordinary shares.
  • Dariel provides software engineering/development and related activities, with a strong focus on software for financial institutions and others in the financial services and "Fintech" sectors.
  • The acquisition is subject to certain suspensive conditions, including Competition Act approvals and satisfactory due diligence results.
  • CTA believes the acquisition is consistent with its investment philosophy of investing in asset-light companies that deliver innovative and disruptive FinTech solutions to mainly institutional clients.

 

The U.S.

Coca-Cola Earnings

  • EPS of $0.68 beating expectations of $0.65.
  • Revenue of $11B beating expectations of $10.8B.

Disney

  • Disney has begun its second, larger round of layoffs, bringing the total to 4,000 jobs cut.

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