Investing News

Lewis Group Limited

Lewis Employee Share Trust Buys R22.15 Million in Shares

  • Lewis Group’s Employee Share Incentive Scheme Trust acquires shares worth R22.15 million.
  • Transactions comply with JSE Listings Requirements and aim to meet future obligations for share schemes.
  • Share purchases indicate confidence in Lewis Group’s growth and align with its employee incentive strategy.

Lewis Employee Share Trust Buys R22.15 Million in Shares Read More »

Kibo Energy Reconsiders Strategy, Cancels £500K Placing Amid Restructuring Shift

  • Kibo Energy PLC reconsiders strategic direction after consultations, particularly regarding board changes.
  • The company cancels a planned placing of £500,000, opting for a revised funding structure.
  • Kibo aims to transition into a broader-based energy company, exploring opportunities in the Oil & Gas sector.

Kibo Energy Reconsiders Strategy, Cancels £500K Placing Amid Restructuring Shift Read More »

Curro Holdings Disclosure

Curro Holdings: Director’s Associates Acquire R18M in Shares

  • Share Acquisition: Associates of Curro Holdings’ director acquire R18 million worth of shares.
  • Director’s Involvement: Mr. PJ Mouton connected to various trusts and investment entities.
  • Market Impact: Transactions reflect confidence in Curro Holdings, may positively influence investor sentiment.

Curro Holdings: Director’s Associates Acquire R18M in Shares Read More »

Telkom

Telkom SA Expects Up to 1,165% Surge in FY2024

  • Telkom SA anticipates a substantial increase in earnings, up to 1,165%, for the fiscal year ending March 2024.
  • The growth is driven by demand for next-gen technologies, cost optimization, and reduced depreciation and write-offs.
  • Despite economic challenges, Telkom’s operational performance and financial outlook remain strong and resilient.

Telkom SA Expects Up to 1,165% Surge in FY2024 Read More »

Vunani Limited Expects 63%-83% Drop in Earnings for FY 2024

  • Vunani Limited anticipates a significant decline in earnings for the fiscal year 2024, between 63% and 83%.
  • The company’s basic earnings per share (EPS) are expected to range from 5.7 to 12.3 cents.
  • Vunani’s headline earnings per share (HEPS) are forecasted to be between 5.0 and 11.0 cents.

Vunani Limited Expects 63%-83% Drop in Earnings for FY 2024 Read More »

Satrix JSE

Cilo Cybin to Debut on JSE AltX Market with $3M ALPS Investment

  • Cilo Cybin Holdings to list on JSE AltX market with $3M investment from ALPS.
  • Strategic move to target biotech, biohacking, and pharmaceutical sectors for personalized health solutions.
  • Board of directors includes professionals from South Africa and Malaysia for diverse expertise.

Cilo Cybin to Debut on JSE AltX Market with $3M ALPS Investment Read More »

MultiChoice Group FY24: Revenue Down 5%, Trading Profit Drops 21% Amid Strategic Expansions

  • MultiChoice Group’s FY24 revenue decreased by 5%, while trading profit saw a 21% decline.
  • Showmax, SuperSportBet, and Moment were successfully launched, showing strong initial user traction.
  • Despite challenges, cost optimizations led to ZAR1.9bn savings, with South Africa’s margins exceeding 26%.

MultiChoice Group FY24: Revenue Down 5%, Trading Profit Drops 21% Amid Strategic Expansions Read More »

Curro Holdings’ Credit Rating Affirmed at A(ZA) with Stable Outlook

  • GCR Ratings affirmed Curro’s long-term rating at A(ZA) and short-term rating at A1(ZA).
  • The stable outlook reflects Curro’s expected firm revenue and earnings growth.
  • Curro’s improved operating performance, solid competitive position, and good liquidity were key factors.

Curro Holdings’ Credit Rating Affirmed at A(ZA) with Stable Outlook Read More »