Morning Note

Morning Note – 24 May 2018

SENS Summary

Tsogo Sun Holdings Limited (TSH)

Tsogo released their full year results for the year ended 31 March 2018. Total income rose by 6%, adjusted headline earnings per share declined by 5% and the group declared a final dividend of 70 cents per share ( 2017: 67 cents per share).

Lewis Group Limited (LEW)

Lewis Group released their full year results for the year ended 31 March 2018. Merchandise sales increased by 9.9%, headline earnings per share declined by 24.3% and the group declared a final dividend of 200 cents per share ( 2017: 200 cents per share).

Tiger Brands Limited (TBS)

Tiger Brands released their interim results for six months ended 31 March 2018. Revenue declined by 4%, headline earnings per share declined by 16% and the group declared an interim dividend of 378 cents per share (2017 1H: 378 cents per share).

Current Forex

  • ZAR/USD : 12.47
  • ZAR/GBP : 16.68
  • ZAR/EUR : 14.60

Top 40 Moves

Stadio Holdings Ltd (SDO)

Stadio is currently trading slightly below its listing price of R4.15. Yesterday its share price increased by 2.04% to close at R4. This stock recently moved out of extreme oversold territory, given this short-term sentiment continues it could possibly test resistance at R5.85 followed by R6.84.

 

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