KAL's 68% Growth, JSE:ART, and The Value Trap

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In this edition:

News: KAL has a 68.4% increase in revenue that put a smile on investors face, but check our insights for more.

Stock Spotlight: Taking a look this week at Argent. Is it a small cap with big potential?

Knowledge Nugget: Have you fallen for the value trap? Undervalued stocks with low metrics might seem like a great deal, but beware.

In The News This Week 🗞

Pick n Pay Stores Limited

• Group turnover +8.9% for the year to R106.6 billion

• Gross profit margin +0.6% to 19.6%.

• Trading expenses +11.9% to R20.2 billion

• Profit before tax -0.4%

• The Company will pay a dividend of 140.3 cents per share on Monday, 5 June.

KAL Group Limited (former Kaap Agri)

• KAL recently acquired PEG Retail Holdings

• Revenue +68.4% to R12.09

• EBITDA +30.9% to R521.3 million

• An interim dividend of 50.00 cents per share has been declared for the six months ended March 31, 2023.

• Watch our latest YouTube video for more insights.

Meta Earnings

• GAAP EPS of $2.20 beating expectations of $2.01.

• Revenue of $28.10B beating expectations of $27.66B.

• Facebook daily active users came in at 2.04 billion.

• Facebook monthly active users came in at 2.99B.

Stock Spotlight 🔦