The Daily Update: 8 May

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

South Africa

Redefine Properties Limited- Results for the six months ended 28 February 2023

• Distributable income increased by 6.7% to R1.6 billion compared to HY22.
• Active portfolio occupancy was stable at 92.5%, compared to FY22's 93.3%.
• SA REIT LTV (loan-to-value ratio) improved to 40.9%, compared to FY22's 40.2%.
• SA REIT NAV (net asset value) per share increased by 11.8% to 750.76 cents, compared to FY22's 671.81 cents.
• Asset disposals were R1.4 billion, compared to FY22's R9.4 billion.
• Committed undrawn facilities and cash on hand were R6.0 billion, compared to FY22's R6.2 billion.
• Revenue increased by 36.4% to R4.8 billion compared to the previous year.
• Basic earnings per share (including both continued and discontinued earnings) decreased by 69.1% to 11.83 cents compared to HY22's 38.32 cents.
• The dividend declared for the six months ended 28 February 2023 is 20.32 cents per share.

Shoprite Holdings Limited

• JP Morgan has acquired Shoprite shares and now owns 8.8% of the Company.

Barloworld Limited- Trading statement

• Basic EPS is expected to be between 704.3 cents and 718.4 cents, representing an increase of more than 100%.

The U.S.

Berkshire Hathaway

Update on largest holdings:

• 1) Apple - $151B
• 2) BofA - $29.5B
• 3) American Express - $25B
• 4) Coca-Cola - $24.8B
• 5)Chevron - $21.6B.