Remgro recently released its interim financial statements for the period ended 31 December 2019. Revenue generated from continuing operations increased by 4.2% to R31.6 billion (1H2019: R30.3 billion). Cash generated from operating activities was down by 17.6% to R3 billion (1H2019: R3.7 billion) and headline earnings per share declined by 0.2% to 750.9 cents (1H2019: […]
MTN recently released their annual financial results for the year ended 31 December 2019. The group reported an increase of 9,7% in revenue to R151 billion. Reported headline earnings per share rose to 468 cents from 337 cents in December 2018, and EBITDA margins increased from 35.9% (FY2018) to 42.3% (FY2019). The board has declared a final […]
AECI released its financial results for the year ended 31 December 2019. Revenue increased by 6.37% from R23.3 billion (FY2018) to R27.8 billion. Of the group’s total revenue, 40% was generated outside of South-Africa. Overall volumes grew by 1% due to successful tenders in the second half-year. Profit from operations increased by 58% to R190 […]
In their book, The Enigma of Reason, Hugo Mercier and Dan Sperber writes: “Two major features of the production of reasons: it is biased – people overwhelmingly find reasons that support their previous beliefs – and it is lazy–people do not carefully scrutinize their own reasons. Combined, these two traits spell disaster for the lone […]
Hudaco released its annual results for the year ended 30 November 2019 on 31 January 2020. Two of the critical drivers of Hudaco’s business are South Africa’s GDP growth rate and the Rand exchange rate, which lead to a challenging business environment. In spite of these challenges, group revenue rose by 5.1% to R6.7 bn (2018:6.3bn). […]
I have made reference to the phrase, “swimming upstream” before, and mentioned how it always reminds me of the joke about the man who was travelling on the N1-highway when he got a phone call from his panicked wife. She had heard on the radio that on the same highway, a vehicle was travelling in […]
Anheuser released it’s third-quarter results on 25 October 2019 for the period ending 30 September 2019. The company reported total revenue of $13.17bn (3Q12.9bn) for the third quarter, an increase of 1.98% from the previous year and organic growth increase of 2.7%. Total organic volume declined by 0.5%, with a 0.9% decrease in own-beer volume. […]
Nedbank Group Limited is a financial services provider. The company provides wholesale and retail banking services, insurance, asset management and wealth management offerings. Nedbank released its interim results for the six months ended 30 June 2019. The group reported net interest income of R14.81bn (1H19: R14.0bn), an increase of 5.8% compared to the prior period. […]
Coronation Fund Managers Limited is a South African investment-led, owner-managed business. The company is an active investment manager that focuses on fund management for both institutional and retail client markets. Coronation reported its financial results for the period ended 30 September 2019. The company had a tough year with revenue down by 14% to R3.29bn […]
Investors who have followed my reports over the years, would know that I like to use well-known sayings to either point out or describe a variety of terms or market movements. But there is one saying that regularly makes its appearance in the investment world: “High risk, high reward.” Without wanting to offend thrill seekers, […]
With the Rugby World Cup (RWC) behind us, we can proudly say that we are the world champions. Not only did we win the final against England, we just about destroyed them in dominating fashion. What makes this achievement even greater, is the fact that in March last year (2018), there was absolutely no excitement […]
Mr Price Group Limited is a fashion retailer company that operates through the following segments: Apparel, Home, Financial Services & Cellular and Central Services. The company released its full-year 2019 (FY19) results on 31 May 2019 for the period ending 30 March 2019. They reported diluted headline earnings per share of 1142.3 cents for FY19 […]
It’s a scientific fact that no two people are exactly alike. A few years ago, my family and I took a road trip through the Klein Karoo. Aside from being one of the most breathtakingly beautiful places on earth, it is also known for some of the world’s most beautiful mountain ranges. We spent the […]
Tiger Brands Limited is a manufacturer of branded food products in sub-Saharan Africa. On 22 May 2019, the company released its interim results for the period ended 31 March 2019. They reported diluted headline earnings per share of 759 cents (1H18: 865.3 cents) from continued operations, down by 12.3% compared to the prior period. Excluding […]
A few of you might point out that my message this week directly contradicts what I said a few weeks ago. “Don’t bet on last year’s star performers” was right there in the title in September after all, and I pointed out that betting on last year’s winning shares may not always be the best […]
We live in an era dominated by superheroes, and when I say this, I’m not referring to the real brave man climbing up the side of some building to rescue a child that’s hanging by a nail. No, I’m talking about comic book characters that usually find themselves on the big screen in a wonderfully […]
Remgro released its full-year results for the period ending 30 June 2019. The company’s headline earnings per share (HEPS) for the full year declined by 4.2% to R14.49 per share compared to the prior period (FY18: R15.13 per share). Excluding the option remeasurement, HEPS was down only 2.6% for the period. On 2 July 2018, […]
Those of you who follow my reports on a regular basis, will know that I often use the analogy of the water skier to illustrate how share prices (and ultimately, indices) sometimes find themselves in front of the proverbial boat, or earnings. Without the pulling action from the boat, the skier will lose momentum, but […]
Growthpoint Properties Limited is a real estate investment trust. The primary business of the company is investment in rental-generating properties, which are maintained and upgraded or refurbished as necessary. The company reported its full-year results for the year ended 30 June 2019. The group reported total revenue of R11.5bn (FY18: R10.92bn), up by 5.75% compared to […]
Wilson Bayly Holmes-Ovcon Limited is engaged in civil engineering and building contracting activities in the Republic of South Africa and internationally. On the 3rd of September 2019, WBO released its audited consolidated financial statements for the year ended 30 June 2019. The group’s total revenue grew by 16%, operating margin contracted slightly to 1.4%, diluted […]
