Sip your money

Hi there, 👋🏽

You might be wondering what I mean by the title of today’s newsletter, but if you read Andrew Tates newsletter you would know. Why am I referring to him, or receiving his newsletters? Love him or hate him, we cannot deny that he is a marketing phenomenon. Send me an email and I’ll tell you all about it.

Continue reading and I’ll tell you more about what Andrew means by “drinking your money” .

In this edition:

Transaction Capital -68% in 3 days, and Apple’s $690 Share Buy Backs to date: No, these aren’t memes. Scroll down for more metrics on the JSE and US this week.

Renergen in 60 Seconds: Giving a quick update on the latest news on Renergen from Smalltalkdaily.

Knowledge Nugget: Choosing a stock portfolio like Rassie Erasmus picks his 2023 Springbok dream team!

& stand a chance to win 3 months’ pet insurance!

In The News This Week 🗞

Locally 🇿🇦

Santova Limited

• EPS is expected to be between 151.06 cents and 157.19 cents, representing an increase of between 23.2% and 28.2%.

Karooooo Limited

• 1 717 077 Cartrack subscribers, +13%.

• Total revenue increased +28% to ZAR3 507 million.

• Subscription revenue increases +17% to ZAR3 010 million.

• Operating profit +26% to ZAR882 million.

• Earnings per share +27% to ZAR19.29.

• A dividend of 85 U.S. cents per share will be paid to in July 2023.

Transaction Capital Limited

Let’s take a look at their businesses.

Nutun

• Revenue +50% to R1.9 billion.

WeBuyCars

• Core earnings attributable to the group -22% to R234 million.

• Vehicles purchased +20% to 71,928, and vehicles sold +21% to 71,020.

• Total e-commerce sales -16% to 14,515.

SA Taxi

• Gross profit +2% to R437 million.

• Headline earnings from continuing operations increased +5% to R200 million.

• Gross loan book grew +1% to R15.2 billion.

The U.S 🇺🇸

Apple

• EPS of $1.52 beating expectations of $1.43.

• Revenue of $94.8B beating expectations of $92.8B.

• Apple has spent almost $600B buying back its own stock over the last 10 years.

• Apple has authorized an additional $90 Billion worth of share buybacks.

Berkshire Hathaway - Warren Buffet’s Top Holdings

• Apple - $151B

• BofA - $29.5B

• American Express - $25B

• Coca-Cola - $24.8B

• Chevron - $21.6B.

Palantir

• EPS of $0.05 beating expectations of $0.04.

• Revenue of $525M beating expectations of $505.94M.

• Palantir now anticipates that they will remain profitable each quarter through the end of the year.

Stock Spotlight 🔦

Renergen

Anthony Clark posted a deep dive into the latest updates on Renergen on the app this week. Here’s a short summary:

• Renergen has signed its first agreement with a transport company whereby it will supply liquid natural gas (LNG) to Timelink - a Western Cape long-haul trucking business - which aims to reduce energy costs.

• Virginia phase 1 is ramping up nicely with 120kg and 26 tons of LNG produced now daily to get to its expected average daily rate of 300kg and 50 tons respectively.

• With deals already secured with Consol Glass and Italtile for the supply of LNG for VP1, pretty much all of the available platform’s production is now in long-term contracts, adding some security to Renergen's revenue stream.

If you are a premium member you can get access to the full document via his post. If you’re not on premium , hit reply and I can ask Anthony to discuss his latest report on YouTube.

The Knowledge Nugget 🧠

Select your stock dream team 📈