The Purple Group Rights Issue and a Diversified JSE Agricultural Player

Hi there, 👋🏽

In this edition:

The team celebrate the Santova results: Make sure to watch the Weekly Update to get more insights on Vodacom, Purple Group, Capitec, Apple, Berkshire Hathaway and Tesla.

KAL Group: The agri player on the JSE with a finger in a few pies, and not only the convenience store kinds at the fuel stations.

The Rights Issue 101: Soul Financial gives the 101 and in the recent video Higgo and Paul link it to Purple Group.

In The News This Week 🗞

Local 🇿🇦

Santova Limited

• Revenue and net interest income +7.9% to R668.0 million.

• Profit +23.8% to R210.7 million.

• HEPS +22.1% to 154.83 cents per share.

• Net asset value per share +34.4% to R7.51 per share.

Vodacom Group Limited

• Group overall revenue +16.0% to R119.2 billion.

• Group service revenue +17.2% to R93.6 billion.

• Financial services revenue +29.2% to R9.9 billion.

• Group EBITDA +13.2% to R45.1 billion.

• Combined 185.8 million customers across the Group.

• Full-year dividend of 670cps was declared.

Purple Group Limited

• Intends to raise a maximum of R105 million through a rights offer to pursue expansion opportunities.

• The Rights Offer is intended to support the strategic growth ambitions of EasyEquities and accelerate its product and regional expansion.

The U.S 🇺🇸

Berkshire Hathaway - Warren Buffet’s Top Holdings

• Bought 20.4M more shares of Apple during Q1 bringing their total stake up to 915.6M.

• Given the increase in shares, Warren Buffett's Berkshire Hathaway is now on pace to receive $879 Million worth of Dividends from just Apple in 2023.

Stock Spotlight 🔦

A Diversified JSE-Listed Company in the Agriculture and Retail Sectors

Over the past few weeks, there have been concerns in the news about the potential impact of sanctions on our economy and which industries will be most affected. The agriculture industry has been mentioned in a few publications, and I encourage you to do your own research as well.

Going through the app this week I saw Josh Viljoen posted on KAL Group, previously known as Kaap Agri and I wanted to take a peek. Make sure to read his article to get his investment thesis, the financial health and position, valuation, balance sheet health and the key metrics you need to look at before you buy. If you don’t know KAL Group, here is an introduction to his article.