Renergen HEPS -55% & Woolworths wants 93,45% of Absolute Pets

Hi there, 👋🏽

Did you know that the first credit card was made of paper? PS: If you are in Cape Town, the Springboks will be parading through the CBD today.

Stock Spotlight 🔦

Woolworths Holdings Limited

• Intends to acquire 93.45% of the shares in privately-owned pet retailer Absolute Pets (Proprietary) Limited.

• Absolute Pets was established in 2005 and has become South Africa’s leading specialist pet care retailer, with over 150 stores nationwide.

Renergen Limited

• Revenue increased from R1.2 million (August 2022) to R23.8 million (August 2023).

• Headline loss per share worsened by 54.9% to 29.91 cents.

• Production of Liquid Helium is expected to commence before the end of the calendar year.

SA InBev

• Revenue increased by 5.0% in 3Q23.

• EPS was $0.86 in 3Q23, an increase from $0.84 in 3Q22.

Meta

• EPS of $4.39 beating expectations of $3.65.

• 3.96 billion people (49.2% of the world's population) use either Facebook, Instagram or WhatsApp on a monthly basis.

AMD

• EPS of $0.70 beating expectations of $0.68.

• Revenue of $5.8B beating expectations of $5.69B.

Chalkboard 🖍️

The Daily Quiz

We’re starting to test our daily quiz update today and hopefully, you can join us next week by climbing your way up the leaderboard and financial success. If you want to get a headstart on your computer, click here.

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A nugget

In 1949, Frank McNamara, a businessman from Diners Club, was frustrated by having to carry around a wad of cash when he went out to eat. He pitched the idea of a single card that could be used to pay at different restaurants, and Diners Club was born. The first Diners Club cards were made of cardboard and stamped with a member's name and account number.

That’s all for this Weekly Recap

Onwards and upwards

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