MultiChoice drama: Buy or Bye?

Shining light on Renergen, MultiChoice, Vodacom, PAN African, and Sappi.

Author

FinMeUp
February 11, 2024

Hi there, 👋🏽

Here’s a friendly reminder to make the reservations for Wednesday evening and buy some flowers, for Mom too. But first, let’s get to business.

Shining some light on 🔦 

  • Multichoice Group

  • Vodacom Group

  • Pan African Resources

  • Sappi

  • Renergen

 đźŽĄ MultiChoice Group Limited (MCG:JSE)

  • Groupe Canal+ SA expressed its intention to acquire the remaining 65% of ordinary shares in MultiChoice at R105.00 per MultiChoice ordinary share. The share price increased by almost 25% on the announcement.

  • Multichoice, however, rejected the offer, concluding that the proposed offer price of R105 significantly undervalues MultiChoice and its prospects.

📱 Vodacom Group Limited (VOD:JSE)

  • Group revenue increased 26.8% to R38.9 billion.

  • Customers across the Group, including Safaricom, reached 200 million for the first time.

🪙 Pan African Resources Limited (PAN:JSE)

  • EPS and HEPS are expected to grow between 41% and 51%.

  • Gold sold volumes increased by 8.9% to 98,458oz.

  • The average US$ gold price received during the current reporting period increased by 13.7%.

đź“° Sappi Limited (SAP:JSE)

  • Sales fell by 23%.

  • HEPS and EPS declined by 167.6%.

 âš’️ Renergen Limited (REN:JSE)

  • Mahlako Gas Energy Proprietary Limited is set to invest in the Company's primary asset, the Virginia Gas Project.

  • The investment involves acquiring a 5.5% equity stake in Tetra4 Proprietary Limited for R550 million (A$ 43.4 million).

Step Towards Financial Clarity

Got financial questions? Book a 1-on-1 with Paul, your companion to financial freedom.

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FinMeUp is regulated as a juristic representative under ZAQ Wealth, an Authorised Financial Services Provider | FSP No. 51310.

That’s all for this week’s Stock Spotlight

Onwards and upwards🚀

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