Renergen's $750 loan & Diversify vs Diworsify

Hi there, 👋🏽

Why is it important to rebalance your portfolio regularly?

In this edition:

Renergen gets approval: The $750 million in loans has been approved & Argent’s results are in!

From Becks to Stella Artois, and the flavours in between: Explore the brewing giant, Anheuser-Busch InBev, responsible for one in every four beers consumed worldwide

Are you diversifying your investments correctly?: Diversification is a key strategy for reducing risk in your portfolio. But what if you're over-diversifying?

In The News This Week 🗞

Local 🇿🇦

Naspers Limited

• Revenue +7.69% to $6,778 million

• Operating loss -40.51% to -$1,384 million

• Earnings per ordinary share -53.22% to 1,968 cents

• Naspers and Prosus intend to remove the Cross-Holding Structure.

Renergen Limited

• Received approval for a US$ 500 million loan for Phase 2 of their project from the US DFC and a US$ 250 million loan approved by Standard Bank.

Argent Industrial Limited

• Revenue +1.1% to R2 459 359 000

• Operating profit +15.2% to R304 358 000.

• Profit for the year +23% to R236 265 000.

• Total assets +9.1%, total liabilities -7.9%

• Basic earnings per share +25.2% to 413.1 cents.

• Dividend per share +126.2% to 95.0 cents

Stock Spotlight 🔦