Morning Note

Morning Note – 26 April 2018

GET TO KNOW YOUR JSE COMPANIES

PSG Group Limited (PSG)

PSG released their full year results for the year ended 28 February 2018 on the 24th of April. Their recurring earnings per share increased by 7%, dividend per share increased by 11% and their sum of the parts increased by 5.94% for the respective period. Click here to download our equity report on PSG Group Ltd.

SENS Summary

RDI Reit Plc (RDI)

RDI REIT formerly known as Redefine International Properties P.L.C., released their interim results for the six months ended 28 February 2018. Underlying earnings per share increased by 8.2% to 1.46 pence, dividend per share rose by 3.9% to 1.35 pence per share and the net asset value increased by 2.2% to 42.3 pence per share.

Consol Holdings Limited (CNH)

Consol holdings announced that they will not proceed with the initial public offering.

Primeserv Group Limited (PMV)

Primeserv released a trading statement for the 12 months ending 31 March 2018. Headline earnings is expected to increase between 18% and 23%, while basic earnings per share is expected to increase between 20% and 24%.

Tiger Brands Limited (TBS)

Tiger Brands received confirmation from an independent laboratory that samples which were manufactured at the Enterprise processing facility did contain traces of the deadly LST6. The Enterprise facility in Polokwane, Pretoria and Germiston will still remain closed.

Current Forex

  • ZAR/USD : 12.43
  • ZAR/GBP : 17.33
  • ZAR/EUR : 15.14

Top 40 Moves

Mr Price Group Ltd (MRP)

Mr price has been trading in a range of between R260 and R290 since the beginning of February 2018. Yesterday this stock moved down by 2.48% to close the day at R262.08. Recently MRP crossed below its 50-day moving average and if the short-term momentum continues it could test support at R251.56 followed by R227. Should we see a reversal in the stock price it could test resistance at R294.85.

 

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