Morning Note – 1 October 2018

SENS Summary

Texton Property Fund Limited (TEX)

Texton released their financial results for the year ended 30 June 2018.Revenue was 1.6% lower than the prior financial year, net tangible asset value declined by 15% to 781.93 cents per share and a dividend of 41.36 cents per share has been declared (2017: 54.85 cents per share).

Grand Parade Investments Limited (GPL)  

Grand Parade released their audited results for the year ended 30 June 2018. Revenue increased by 19%, headline earnings per share decreased by 144% and no dividends were declared.

Current Forex

  • ZAR/USD : 14.16
  • ZAR/GBP : 18.46
  • ZAR/EUR : 16.42

Top 40 Moves

British American Tobacco PLC (BTI)

British American Tobacco closed 0.67% higher on Friday to close the week at R667.75. Trendline support can be found at around R654 per share. The 50-day moving average at R718.79 could act as a resistance level. The RSI and stochastic oscillator are trading at oversold levels.

 

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