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.