Purple Group, Gemfields and Unit Trusts

Hi there, 👋🏽

Did you know in 2021, Gemfields found the largest emerald ever mined. Keep reading to find out the recorded size.

In this edition:

News: Capitec’s recent earnings report, Purple Group’s partnerships, and Tesla missing expectations.

Stock Spotlight: Digging into Gemfields and the coloured gemstone market with Josh Viljoen.

Knowledge Nugget: Diversifying your portfolio with the largest investment vehicle in South Africa and the world.

In The News This Week 🗞

Capitec Bank:

• Operating profit before tax +12% to R12.199 billion.

• EPS +14% to 8 415 cents per share.

• Net Asset Value +9% to R39.085 billion.

• Final gross dividend of 2 800 cents per share and will be paid on Monday, 15 May 2023.

Purple Group Limited

• Active clients +23.8% to 831 082.

• Client assets +15.6% to R42.6 billion.

• Revenue +6.7% to R146.0 million.

• Went from profit per share of +1.63c to loss per share of -0.85c.

• EasyEquities partnered with GCash, the largest mobile wallet in the Philippines to offer managed portfolios of US shares to Filipinos.

• The partnership aims to make investing more accessible, friendly, and affordable for everyone in the Philippines.

Tesla

• Revenue of $23.33B missing expectations of $23.35B.

• EPS of $0.85 missing expectations of $0.86.

• Tesla is making significant investments in Nvidia GPUs.

• Tesla achieved a 25% reduction in cost of production in Q1.

Stock Spotlight 🔦