Hi there, 👋🏽

Where do you stand on Pick ‘n Pay? Are we in for a solid recovery over the next few years or is the company going to close its doors? This week, we investigate Pick ‘n Pay’s latest results and delve deeper into Harmony Gold’s 226% increase in earnings.

Shining some light on 🔦 

• Bitcoin

• Apple

• Pick ‘n Pay

• Woolworths

• Standard Bank

• Harmony Gold

 🪙 Bitcoin (BTC)

• Bitcoin topped at over $63,000 this week, flirting with all time highs of $69,000 as established in 2021.

🍎 Apple (AAPL:NASD)

• Apple is cancelling its decade-long effort to build an electric car.

⚰️ Pick ‘n Pay (PIK:JSE)

• Total sales increased by +5.3%, with like-for-like sales growth of +2.9%.

• Net debt increased from R3.8 billion (27 August 2023) to R7.2 billion (21 January 2024).

• Board approves a two-step recapitalisation plan, including a rights offer and an IPO for the Boxer business.

🛒 Woolworths (WHL:JSE)

• Total group turnover fell by 16.7%.

• Group HEPS fell by 31%.

• Interim dividend down 6.6%.

 💵 Standard Bank (SBK:JSE)

• HEPS is expected to grow by between 23% and 28%.

👷Harmony Gold (HAR:JSE)

• Gold production grew by 14%.

• Average gold price received up by 18%.

• All-in sustaining costs down by 5%.

• HEPS grew by 226%.

📊 Higgo vs Paul 2024 Top Stock Picks

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That’s all for this week’s Stock Spotlight

Onwards and upwards🚀