📕 Must Read Books for Dezemba, Nampak's pakslae + Purple Group

Hi there, 👋🏽

Bitcoin hit $40,0000, and Paul’s Deep Dive is dropping next week. Should we add some crypto books to the list below?

What happened in Stock Spotlight 🔦

Purple Group

• Group headline loss per share of 2.05 cents compared to headline earnings per share of 1.12 cents per share in the prior year.

• EasyEquities:

  • Registered clients +18% to 2.06 million.

  • Active clients +17.5% to 897,940.

  • Platform assets +25.3% to R46.6 billion.

Bidvest

• Group performance was muted during the first four months of FY24. Whilst the expected slowdown was signalled previously, the actual volume and margin drop, particularly in the consumer-facing activities, was greater than anticipated.

Nampak

• Headline Loss per share of between R461 and R476 compared to Headline earnings per share of R76 in the Financial Year 2022.

• The following factors impacted the 2023 financial results:

  • Higher impairment losses of R2.8 billion were recognised for the year compared to R512 million in FY22.

  • Higher forex losses of R1.2 billion were incurred in the year.

  • Higher net finance costs of R1.2 billion increased from R586 million in FY22.