URGENT CORRECTION
ERROR IN REPORTING ON PRASA FIGURES RE-DAMAGES BY RECENT FLOOD DISASTER IN KZN
The actual preliminary estimation of costs are as follows:
1. Cost estimate of resumption of service …..R 955 449 000
2. Long term rehabilitation work ...... R 1 688 100 000
The market is getting a serious reminder of what happens when you pay for growth and then growth disappoints
De-rating on lower earnings = pain
Paypal -25% today
Meta -22% after hours - EPS declined
Amazon tomorrow - don't hold your breath
It's been too easy for too long