Morning Note

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:

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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