July 27, 2024, 9:16 a.m.
The Daily Update: 7 August
Aug. 8, 2023
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FinMeUpThe latest updates from the JSE and NYSE over the past 24 hours.
 
South Africa
Spur Corporation Limited
- EPS: 256.91 264.12 cents, up from 144.33 cents (78.0% 83.0% increase).
- During 2023, company repurchased 1,499,891 ordinary shares, reducing weighted average number of shares in issue.
- Franchised restaurant sales for 2023 financial year increased by 23.0% compared to prior year.
- Strong trading performance with 31.5% growth in franchised restaurant sales in the first half of 2023, and 15.1% growth in the second half.
- Marketing efforts, sponsorship activities, and product quality improvements contributed to 13% increase in restaurant footcount.
- Restaurant sales growth percentages for various brands:
- Spur: 24.9% full year growth
- Panarottis: 18.6% full year growth
- John Dory's: 8.7% full year growth
- RocoMamas: 9.6% full year growth
- Speciality brands (Hussar Grill, Casa Bella, Nikos): 42.2% full year growth
- Total South Africa: 22.5% full year growth
- Total International: 27.6% full year growth on constant exchange rate basis
- Total group: 23.0% full year growth.
Impala Platinum Holdings Limited
- Challenging operating environment due to power constraints, rand depreciation, and input pricing issues.
- Gross Group 6E production increased by 2% to 3.25 million ounces.
- Managed operations' production increased by 6% to 2.42 million ounces.
- Gross 6E refined and saleable volumes declined by 4% to 2.96 million ounces.
- Sales volumes declined by 6% to 2.97 million ounces.
- Basic earnings and EPS also expected to be at least 20% lower than the comparative period.
 
The U.S.
Saudi Aramco
- Saudi Aramco has reported Q2 profits of $30.1B down 38% YoY.
Berkshire Hathaway
- Berkshire Hathaway owned 915.6M shares of Apple as of their most recent portfolio update.
- That means Buffett is about to get a $219.7 Million dividend check from Apple.
- Berkshire Hathaway ended the Q2 with $147.4 billion in cash and cash equivalents up from $105.4 billion in Q2 2022, this equates to almost 20% of the value of the total company just in cash sitting on the balance sheet.
- Berkshire's equity portfolio is worth $353.4 Billion as of the end of Q2 up from $308.8B at the start of the year.