Morning Note – 2 March 2018

2 March 2018

GET TO KNOW YOUR JSE COMPANIES

Woolworths Holdings Limited (WHL)

• Woolworths recently released their interim results for the 26 weeks ended 24 December 2017. Click here to view our equity report on the Company.

SENS Summary

Anheuser-Busch Inbev Sa/NV (ANH)

• Anheuser-Busch reported their fourth quarter and full year 2017 results. Normalized earnings per share increased by 42.8% from 2.83 USD in 2016 to 4.04 USD in 2017. EBITDA grew by 34.7% with margin expansion of 5.91 % to 28.9%. The group proposed a final dividend of 2 EUR per share.

Blue Label Telecoms (BLU)

• BLU informed shareholders that they acquired 100% of 3G Mobile Proprietary Limited for a total consideration of R1.9 billion.

Master Drilling Group Limited (MDI)

• Investec Asset Management increased their stake in Master Drilling to 5% (previously 4.97%).

PSG Konsult

• PSG Konsult announced that they acquired the clients of 28E Capital, effective 1 April 2018.

Current Forex

• ZAR/USD : 11.88
• ZAR/GBP : 16.37
• ZAR/EUR : 14.57

Top 40 Moves

Woolworths Holdings Limited (WHL)

Woolworths is currently trading in an upward moving trend which started in October 2017. Yesterday’s downward movement by 1,93% pushed the share’s price below its 50-day moving average and is now trading close to the bottom of its range. If the downward momentum continues we could see it possibly finding support at its 200-day moving average (currently at R61,83) followed by R53,78. On the upside, the stock could find resistance at the top of the range followed by R73,94.

Contact us: