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The Daily Update: 30 January

March 4, 2024
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FinMeUp
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FinMeUp

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

 

South Africa

Naspers Limited- Dealings in securities

  • A director disposed of 27 360 Naspers shares worth R92 438 255.23.

Nampak Limited- Voluntary trading update for the three months to 31 December 2022

  • Revenue grew more than 20% compared to the prior comparable period.
  • Operating profit before net impairments fell mainly due to foreign exchange losses.
  • Higher foreign exchange losses and net finance costs coupled with a higher effective tax rate impacted net profits.
  • Nampak said that the strategic turnaround plan, which has been in place since September 2022, is starting to yield positive returns.
  • The strategic plan has yielded an estimated annual working capital benefit and liquidity improvement in excess of R500 million.

Pan African Resources PLC- Operational update for the six months ended 31 December 2022

  • Gold production fell from 108 085oz to 92 307oz.
  • Agreements have been made to restructure Barberton Mines underground operations.
  • Full-year production guidance of 195 000oz to 205 000oz has been maintained.
  • Net senior debt grew by 108.8% to US$49.9 million.

Pepkor Holdings Limited- Voluntary Trading Update For The Three Months Ended 31 December 2022

  • Retail segment revenue grew by 8.2% to R22 417 million.
  • Fintech segment revenue fell by 10% to R1 906 million.
  • Group revenue grew by 6.5% to R24 323 million.
  • PEP recorded sales growth of 6.2%, while Ackermans sales growth fell by 2.9%.

 

The U.S.

Apple

  • Apple had a 24.1% share of the smartphone market in Q4 2022 based on phones shipped.

Tesla

  • Teslas Model Y became the 4th best-selling car in the world in 2022.

SoFi Results

  • GAAP EPS of -$0.05 beating expectations of -$0.09
  • Revenue of $443.43M beating expectations of $439.2M (+60% YoY)
  • EBITDA $70 million (up 15.3x YoY)
  • GAAP net loss improved 64% YoY to $40 million
  • New members +480 000 (5.2 million total)
  • 695 000 product additions

 


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