Hi there, 👋🏽

Have you ever wondered how a single typo could send a stock price skyrocketing? This week, we investigate Kumba’s impressive sales figures and the reason behind Anglo and Impala’s earnings dip.

Shining some light on 🔦 

• Kumba Iron Ore

• Anglo-American

• Impala Platinum

• Calgro

• Transaction Capital

• Lyft

⛏️ Kumba Iron Ore Limited (KIO:JSE)

• HEPS is expected to grow by between 18% and 31%.

• Iron ore production decreased by 27% to 7,234 kt in Q4 2023.

• Iron ore sales increased by 36% to 9,343 kt in Q4 2023.

⚒️ Anglo-American Platinum Limited (AMS:JSE)

• HEPS is expected to decline by between 67% and 77%.

🚧 Impala Platinum Limited (IMP:JSE)

• HEPS is expected to decline by between 76% and 83%.

🏢 Calgro M3 Holdings Limited (CGR:JSE)

• HEPS is expected to grow by more than 20%.

🚗 Transaction Capital Limited (TCP:JSE)

• Transaction Capital eyes JSE listing for WeBuyCars in April.

🛫 LYFT (LYFT:NASDAQ)

• LYFT’s share price grew 60% after a typo was issued to the market.

• LYFT mistakenly reported that the adjusted EBITDA margin expanded by 500 Basis Points instead of 50 basis points.

📊 Higgo vs Paul 2024 Top Stock Picks

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That’s all for this week’s Stock Spotlight

Onwards and upwards🚀