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The Daily Update: 7 March

March 1, 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

Gold Fields Limited- Dealings in securities

  • An executive and prescribed officer sold 40 000 shares for a total value of R6 878 716.00.

Sibanye Stillwater Limited- Dealings in securities

  • The CEO purchased 274 000 shares for a total value of R9 948 940.00.

Nedbank Group Limited- Results for the year ended 31 December 2022

  • Revenue grew by 11% to R63 578m.
  • Expenses grew by 8% to R36 425m.
  • Basic EPS grew by 27% to 2 932 cents per share.
  • Net asset value per share grew by 5% to 21 533 cents.
  • The Board has declared a final dividend of 866 cents per share and will be paid on Monday, 17 April 2023.

Sea Harvest Group Limited- Financial Results for the year ended 31 December 2022

  • Revenue grew by 27% to R5 875 295 000.
  • Gross profit fell by 6% to R1 337 942 000.
  • Profit after tax fell by 32% to R294 065 000.
  • Basic EPS fell by 34% to 111 cents per share.

Shoprite Holdings Limited- Unaudited results for the 26 weeks ended 1 January 2023

  • Sale of merchandise grew by 16.8% to R106 276 million.
  • Trading profit grew by 8.6% to R6 014 million.
  • Operating profit grew by 18.7% to R6 212 million.
  • Profit for the period grew by 19.9% to R3 267 million.
  • Basic EPS grew by 20.9% to 599.5 cents per share.
  • The Board has declared an interim dividend of 248 cents per share.

 

The U.S.

Lego Group Results

  • In 2022 they brought in Revenue of $6.2B up 17% YoY which resulted in Net Income of $2B up 3.7%.

Meta

  • Meta plan to cut thousands more employees as soon as this week.
  • The imminent round of cuts is being driven by financial targets and is separate from the flattening".

Tesla

  • Tesla plans to spend $5 Billion to build its new Mexico Gigafactory.
  • The factory will sit on a 4,200 acres piece of land and will employ 7,000 people.

 


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