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The Daily Update: 26 April

July 17, 2023
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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

Grindrod Shipping Holdings Limited

  • Grindrod Shipping Holdings Ltd. announces ship sales and debt repayments totaling approximately $26.6 million.
  • The sales include the 2015-built ultramax bulk carrier IVS Hirono for $23.8 million and the 2010-built handysize bulk carrier IVS Sentosa for $10.9 million.
  • The company also entered contracts to sell the 2015-built supramax bulk carrier IVS Pinehurst and the 2014-built handysize bulk carrier IVS Kestrel.
  • The net proceeds from the sales will be used to repay outstanding debt on the company's senior secured credit facility.
  • Grindrod Shipping predominantly owns and operates a fleet of drybulk vessels and is based in Singapore with offices in London, Durban, Tokyo, and Rotterdam.

Renergen Limited- Trading statement

  • Headline loss per share and loss per share is expected to be between 22.6 cents and 17.1 cents, representing a decrease in the headline loss per share and loss per share of between 18% and 38%.

Sabvest Capital Limited- Dealings in securities

  • A director purchased 1 559 shares for a total value of R124 720.00.
  • A prescribed officer purchased 8 000 shares for a total value of R640 000.00,

 

The U.S.

Microsoft

  • EPS of $2.45 beating expectations of $2.22.
  • Revenue of $52.9B beating expectations of $51B.
  • Satya Nadella just said Microsoft Teams now has more than 300 Million monthly active users.
  • Microsoft said its new Bing-powered by OpenAI's ChatGPT has surpassed 100 Million daily active users.
  • Microsoft just said it expects Azure revenue growth next quarter to be around 26%-27% YoY in constant currency.

Google Earnings

  • EPS of $1.17 beating expectations of $1.06.
  • Revenue of $58B beating expectations of $56.9B.
  • Google plans to buy back an additional $70 Billion in stock.
  • Google acquired YouTube for $1.65 Billion back in October 2006.
  • In just Q1 2023 YouTube brought in $6.69 Billion of revenue from ads.

Chipotle Earnings

  • EPS of $10.50 beating expectations of $8.92.
  • Revenue of $2.4B beating expectations of $2.34B.

Visa Earnings

  • EPS of $2.09 beating expectations of $1.98.
  • Revenue of $7.99B beating expectations of $7.79B.

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