Naspers Limited (NPN)
Naspers released their full year results for the year ended 31 March 2018. Consolidated revenue increased by 9.55% to US$6.7bn, core headline earnings increased by 72% which includes the gain on the disposal of a 2% interest in Tencent Holdings and the annual gross dividend increased by 12% to 650 cents per share.
Zeder Investments Limited (ZED)
Zeder released an update on the sum-of-the-parts value per share. As at the close of business on 15 June 2018 the SOTP value per share was R7.10.
- ZAR/USD : 13.48
- ZAR/GBP : 17.87
- ZAR/EUR : 15.70
Top 40 Moves
Life Healthcare Group Holdings Ltd (LHC)
Life Healthcare has been trending downwards since April 2018 and is now trading close to extreme oversold territory. This stock decreased by 0.64% on Friday to close the week at R24.78. If the downward momentum continues it could test support at R23.13. If we should see a reversal it could test resistance at its 200-day moving average, currently at R26.76, followed by R29.95.
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