Morning Note

Morning Note – 1 June 2018

GET TO KNOW YOUR JSE COMPANIES

Barloworld Ltd (BAW)

Barloworld recently reported their interim results for the six months ended 31 March 2018. Their revenue increased by 1%, total HEPS increased by 32% and they declared an interim dividend of 145 cents per share. Click here to download our equity report on the Company.

SENS Summary

Alexander Forbes Group Holdings Ltd (AFH)

Alexander Forbes released a trading statement for the year ended 31 March 2018. Headline earnings per share are likely to decrease between 15% and 20% from R 683 million in the prior year.

Zeder Investments Limited (ZED)

Allan Gray has increased their stake in Zeder to 5% of the total number of securities in issue.

Pioneer Food Group Limited (PFG)

Coronation has increased their stake in Pioneer Foods to 5.15% of the total number of securities in issue.

Mr Price Group Limited (MRP)

Mr Price released their full year results for the year ended 31 March 2018. Total revenue grew by 8% to R21.3 billion and diluted headline earning per share increased by 21.1%. The board resolved to declare a final dividend of 414.1 cents per share which is 5.6% lower than the prior period.

Life Healthcare Group Limited (LHC)

Life Healthcare released their interim results for the six months ended 31 March 2018. Total revenue grew by 17.5% to R11.3 billion and diluted headline earning per share increased by 115.7%. The board resolved to declare an interim dividend of 38 cents per share which is 8.6% higher than the prior period.

Current Forex

  • ZAR/USD : 12.70
  • ZAR/GBP : 16.87
  • ZAR/EUR : 14.83

Top 40 Moves

African Rainbow Minerals Ltd (ARI)

ARI recently found support at its 50-day moving average which is currently trading at R104.08. If this stock could continue with the short-term momentum it could test resistance at R139.49. Yesterday its share price increased by 2.83% to close the day at R109.86. On the downside, it could possibly test support at R92.49 followed by R70.35.

 

Please click here for our contact details

Leave a Reply