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Santova Ltd (SNVJ)

Johannesburg
Currency in ZAR
811
0(0.00%)
Delayed Data·

SNVJ Comments

If you an unfortunate holder here , it has to be in the bottom 1/4 of your portfolio as it is operating in a segment of the economy that is in a contraction and the share buybacks are poorly managed .
The SP has collapsed from 985 cents(52 week high) to trade today as low as 660 cents(52 week low is 650) . Share buy-backs to be back in play again...
Shareholders are advised that the Company applied to the JSE for the cancellation of 4 328 877 shares, effective 27 February 2024. The Shares were repurchased at an average price of 743,50. The remaining share capital of the Company now comprises 129 609 951 ordinary shares.
Director and CEO Mr Gerber now holds 5% of issued shares
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4 105 303 shares repurchased to be cancelled as per sens announcement dated 23 January
So Director SOLD 372 079 shares at 760 cents , assuming company money was not used for this as part of share buybacks , because now the SP is 700 cents
Please note that all share buy-backs are operated by an independent broker and comply with all JSE regulations. As all trades are conducted on the open market, we are unable to confirm the above.
Results:Reduction in CASH Balances of R24.3m to R467.6m. Improvement in Debt:Equity from 0.29 to 0.18. EPS of 59.61 cents (32% is from positive currency translation on overseas Cash).
Hope for 100 cents of Earnings for Full Year to Feb 2024
The Company's interim results for the period ended 31 August 2023 are expected to be published on SENS on or before 24 October 2023.
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Trading Statement : EPS 57 to 61 Cents , down just more than 20%
Shareholders are advised that the Company applied to the JSE Limited for the cancellation of 1 755 291 shares purchased average price of 944,66 cents pershare
Assuming management knows what they are doing as we have sellers at 800 cents
Better support and volumes
August interim results released date 1st Nov. , The best we can hope for is a no Trading Statement
Results Out : Cash flows remained robust with cash and cash equivalents increasing by R221,2 million to  R492,0 million (2022: R270,8 million).
Investors moving into quality , SP holding up real well
SNV is a rand hedge heavyweight.
Share buy-back difficult to justify as share price so much higher than stated NAV
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SNV results out 18/05 , after excellent trading statement
UPS got hammered yesterday on bad guidance
A seller dropped 17 506 shares at 650
and SNV is on the move
I see Snv at ten in 2023
UPS earnings call Tuesday 31/01 - lets see
UPS decent results
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results due Friday
This is one of the best run business on the jse. Will be good results.
Results out , market reaction mixed , guidance uncertainty , current period results to be down is certain , i just hold on
UPS reports this morning , outlook most important to watch , SNV price under pressure
Interest in the share is back , awaiting best ever results next week
hope you are roght
EPS up 56 to 66% to 75 to 80 cents a share , biggest 1st half earnings
for an amount of USD 2 350 000 with effect 21 September 2022
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Acquisition of A-Link Freight, Inc. (USA)
FDX stock plunged 17% in overnight trading. Archrival UPS (UPS) sank 6%. Amazon.com (AMZN) fell 2%.
The shipping giant also pulled fiscal 2023 guidance and announced sweeping cost-cutting measures as it faces declining shipping volumes. FedEx had been scheduled to release Q1 results on Sept. 22.
After the close, FedEx reported fiscal first-quarter earnings fell 21% vs. a year earlier vs. views for an 18% gain. Revenue rose modestly but slightly missed forecasts.
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So yesterday 2/3's of trades happened at 740 and 745 , most others round 725 , with 2 small trades at 716 on the close
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