Morning Note – 20 April 2018
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Zeder Investments Ltd (ZED)
Zeder released their full year results for the year ended 28 February 2018 on the 17th of April. Click here to view our equity report on the Company.
PSG Konsult Limited (KST)
PSG Konsult reported their full year results for the year ended 28 February 2018. Recurring headline earnings increased by 16% to 43 cents per share, assets under management were 17% higher to R205b and the dividend increased by 18% to 18 cents per share.
Purple Group Limited (PPE)
Purple Group released a trading statement for the six months ended 28 February 2018. The basic and headline loss per share is expected to be between 1.79 cents and 1.98 cents per share, compared to a basic and headline loss per share of 5.52 cents in the prior period.
Atlantic Leaf Properties Limited (ALP)
Atlantic Leaf reported their full year results for the year ended 28 February 2018. Total asset under management increased by 16% to 352 million GBP, total revenue rose by 13% and the group increased its distribution by 7% to 9.1 GBP pence per share.
- ZAR/USD : 11.99
- ZAR/GBP : 16.85
- ZAR/EUR : 14.80
Top 40 Moves
Metair Investments Ltd (MTA)
Metair’s stock price crossed below its 50-day moving average in the beginning of this week and is now trading close to its 200-day moving average, should it break this level it could possible find next support at R19.91. This share is however trading in oversold territory and if we do see a reversal in the share price it could test resistance at R24. Yesterday this stock lost 0.87% to close at R20.40.
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