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.
As Portfolio Manager at PSG Wealth Old Oak and with over 20 years’ experience in the investment industry, Schalk has consistently delivered solid returns to his clients and has certainly become one of South Africa’s most well-known strategists. He started his career in 1994 at the stockbroking company, Huysamer Stals (later ABN Amro). He joined SMK Securities in 1997, (later became BoE Personal Stockbrokers) and was later appointed as director and branch manager. In 2001 he co-founded Contego Asset Management and managed the company as CEO up to March 2014, after which he joined PSG Wealth Old Oak. Schalk has also become a regular household name with investors, with his reports being published in many of the national press. He completed his MBA in 2008.
SENS Summary Sirius Real Estate Limited (SRE) Sirius published a trading update for the six months to 30 September 2018.Like for like annualised rental income increased by 2.6% to €79.7 million compared to €77.7 million at the start of the period. In the period the Company disposed of non-core assets and acquired a combination of […]
Mediclinic International plc is an international private healthcare provider. The company’s segments include Mediclinic Southern Africa, Mediclinic Switzerland, Mediclinic Middle East, United Kingdom and Corporate. It focuses on providing acute care and multidisciplinary healthcare services. Mediclinic released their annual results for the year ended 31 March 2018. Their revenue increased by 3% and adjusted EBITDA remained […]
I find the concept of human perception incredibly fascinating, especially when it comes to the selective decision-making process of what to remember and what not. As a young man, I fell in love with the Alfa GT Junior sportscar. For me, there was nothing more beautiful than those little red monsters. The fact that technology […]