Morning Note – 29 January 2018

 

29 January 2018

SENS Summary

 

Resilient Reit Limited (RES)

  • Resilient published their unaudited interim financial statements for the six months ended 31 December 2017. Their dividend per share increased by 13.4% (306.46 cents per share), NAV increased by 25.18% to R105.35, their net rental and related revenue increased by 14.85% and basic EPS increased to 2 153.18 cents (December 2016: 234.87 cents).

 

MTN Group Limited (MTN)

  • MTN released a trading statement for the year ended 31 December 2017. They expect to report an improvement of at least 20% in both their HEPS and EPS.

 

Current Forex

  • ZAR/USD : 11.89
  • ZAR/GBP : 16.81
  • ZAR/EUR : 14.77

 

JSE Top 40 Moves

Compagnie Financiere Richemont SA (CFR)

 

Richemont closed 60 basis points higher to close the week at R112.44. The share is now trading below the 200-day moving average at R115.21. Should the bearish momentum continue a test of horizontal support at R109.58 followed, by R102.78 can be tested. The share is trading close to oversold levels according to the oscillator.

 

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 2716

   PJ.vanniekerk@psg.co.za

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