Zeda 101: Thriving in Car Rental Business! 🔦

Hi 👋🏽

Alright, someone didn’t get the memo about Netflix and this led to a massive subscription spike!

In this edition:

Oceana swims upstream: Revenue +48%, Operating Profit +87.5%, EPS 238%, and check out the Weekly Update for more on Renergen’s $750m funding for Phase 2.

Zeda 101: At the end of the list there are some stocks that stand out too. If you have seen the names Avis and Budget cars, you should take a look at this Stock Spotlight.

Warren Buffets educates us this week: Taking a look at basics and sharpening our knowledge with his 3 simple rules for investing.

In The News This Week 🗞

Local 🇿🇦

Capital Appreciation Limited

• Revenue +19.7% to R995.1 million.

• Operating profit -8.9% to R193.0 million.

• EPS -44.7%.

• The annual dividend per share +10% to 8.25 cents.

Aveng Limited

• Received R210 million in payment relating to the disposal of Trident Steel.

• The payment will contribute to the Group's liquidity and strengthen its balance sheet.

• The funds will also support the growth strategies of Aveng's McConnell Dowell and Moolmans businesses.

Renergen

• Acquires $750 million in phase 2 funding.

Oceana Group Limited

• Revenue from continuing operations +47.8% to R4.5 billion.

• Operating profit from continuing operations +87.5% to R648 million.

• EPS +238% to 318.6 cents

In The US 🇺🇸 

Apple

• Released their $3499 AR/VR headset.

• Announced new updates to its watches and phones.

Crypto

• The SEC has sued Binance and its CEO for breaking US securities rules.

• The SEC is suing Coinbase in New York Federal Court.

Stock Spotlight 🔦