Morning Note – 10 October 2017

SENS Summary

Famous Brands Limited (FBR)
Famous brands released a trading statement for the six months ended 31 August 2017. They expect to report a decrease in HEPS of between 54% and 63% and a decrease in EPS of between 52% and 61%. Their net financing costs increased to R138 million compared to R8 million in the prior reporting period.
 
Sirius Real Estate Limited (SRE)
Sirius released a trading statement for the six months ended 30 September 2017. Their like for like annualised rental income increased by 2% and like for like average rate per square meter increased from EUR5.11 to EUR5.17.
 
Calgro M3 Holdings Limited (CGR)
Calgro released a trading update for the six months ended 31 August 2017. They expect their HEPS to decrease by 26.74% and EPS to decrease by 26.72%.
 

Current Forex

  • ZAR/USD : 13.76
  • ZAR/GBP : 18.13
  • ZAR/EUR : 16.19
     

    JSE Top 40 Moves

    Brait SE (BAT)


    Brait closed 3.21% higher yesterday on the back of a weaker Rand and upgrades from investments houses. The share could encounter some resistance at the 50-day moving average – R57.65, followed by horizontal resistance at R58.75. Should the share move lower, support could be found at R51.52.


     
    Contact us:

    Schalk Louw

    Portfolio Manager

    Tel: +27 21 202 2715

    Schalk.Louw@psg.co.za

     

    Kobus Viljoen

    Investment Analyst

    Tel: +27 21 204 4074

    Kobus.Viljoen@psg.co.za

    Pieter-Jan van Niekerk

    Equity Analyst & Trader

    Tel: +27 21 202 2714

    PJ.vanniekerk@psg.co.za

  • Leave a Reply