WeBuyCars expects its core headline earnings per share for the six months ended 31 March 2024 to jump by between 24% and 29% to between 117.5 and 122.3 cents.
Several non-recurring costs associated with its listing skew the results, and the company believes that core earnings would better reflect its financial state. WeBuyCars ascribed this decrease to its listing, which brought about non-core, once-off transaction costs and non-cash call option derivative accounting adjustments, as well as professional, legal, and JSE listing fees totalling R45 million. ADVERTISEMENT CONTINUE READING BELOW In a pre-listing statement on 12 March this year, WeBuyCars said it held various call options, giving it the right to buy 25.1% shareholding in the company from I VDW Holdings Propriety Limited.
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Transaction Capital's Used-Car Business WeBuyCars Gains on Trading DebutTransaction Capital's used-car business, WeBuyCars, has gained on its trading debut on the Johannesburg Stock Exchange, signaling a potential revival in capital market activity. The shares opened at a higher price than the initial public offering, indicating a strong market capitalization. This is the first listing on the JSE this year, with more expected in the future.
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