Datatec Limited (DTC)
Datatec announced the possible sale of their major share in Westcon-Comstor’s operations for an amount of more than US$800 million. This is the company’s second announcement since January 2017 with regards to the sale of their share in Westcon.
The company announced that their earnings per share for 2017 is expected to be 50% lower than the prior year.
This decrease in earnings is due to the poor performance of Westcon-Comstor.
Redefine International PLC (RPL)
Redefine announced that the Company has reached a conditional agreement with Redefine Global Pty Limited to acquire control of the German Leopard portfolio, for an aggregate consideration of €49 million.
Mediclinic International PLC (MEI)
Coronation Asset Management increased their stake in Mediclinic International plc.
ZAR/USD : R13.81
ZAR/EUR : R14.63
ZAR/GBP : R17.12
Old Mutual PLC (OML)
Old Mutual is trading 10% lower since the removal of Pravin Gordhan and is 30% off the high it made in November 2016. Technically the share is trading in oversold territory and if support holds we could see a movement back to the 50 day moving average at R35.00
Overall, the unbeaten men in blue and white performed great against one of the top teams in the league in an epic encounter.
Highlight of the match : Dillyn Leyds’s unbelievable offload to SP Marais.
Next weekend it will be the Lions at home and then they will take off to Kiwi-Land to face the Crusaders on the 22nd of April.
Tel: +27 21 204 4074