Morning Note

Morning Note – 12 October 2018

GET TO KNOW YOUR JSE COMPANIES Naspers Limited (JSE:NPN) In Naspers’s latest results for the year ended 31 March 2018, the group reported revenue growth of 38%, core headline earnings per share increased by 72% and the Group declared a dividend of R6.50 (2017: R5.80). Businesses outside of South-Africa contributed 84% to revenue compared to […]

Morning Note

Morning Note – 11 October 2018

SENS Summary Stefanutti Stocks Holdings Limited (SSK) Stefanutti published a trading statement for the six months ended 31 August 2018. Headline earnings per share is expected to be between 55.9 cents and 64.19 cents per share representing an increase of between 355 and 55% compared to the comparative period. EPP N.V. (EPP)   The Public Investment Corporation […]

Morning Note

Morning Note – 10 October 2018

SENS Summary Zeder investments Limited (ZED)   Zeder published their interim results for the six months ended 31 August 2018. Headlie earnings per share increased to 30.3 cents per share (2017 H1:4.3 cents per share) and the sum of the parts value per share decreased by 15% during the reporting period to R6.67. AfroCentric Investment Corporation […]

Morning Note

Morning Note – 9 October 2018

SENS Summary Sirius Real Estate Limited (SRE)   Sirius published a trading update for the six months to 30 September 2018.Like for like annualised rental income increased by 2.6% to €79.7 million compared to €77.7 million at the start of the period. In the period the Company disposed of non-core assets and acquired a combination of […]

Morning Note

Morning Note – 8 October 2018

SENS Summary Tongaat Hulett Limited (TON) Tongaat published a trading statement for the six months ended 30 September 2018. Headline earnings per share is expected to be below 230 cents, a reduction of at least 60% when compared to the HEPS of 574 cents for the comparative period. Intu Properties Plc (ITU)   Intu properties has […]

Morning Note

Morning Note – 5 October 2018

GET TO KNOW YOUR COMPANIES EOH Holdings Limited (JSE: EOH) EOH published their annual results for the year ended 31 July 2018 on the 3rd of October. Revenue from continuing operations increased by 8%, diluted headline earnings per share declined to 276 cents per share (FY17: 808 cents per share) and the board decided not […]

Morning Note

Morning Note – 4 October 2018

SENS Summary EOH Holdings Limited (EOH)   EOH published their annual results for the year ended 31 July 2018.Revenue from continuing operations increased by 8% and diluted headline earnings per share declined to 276 cents per share (2017:808 cents per share).The board did not declare a dividend. Efficient Group Holdings Limited (EFG)   EFG released a trading […]

Morning Note

Morning Note – 3 October 2018

SENS Summary Datatec Limited (DTC)   Datatec Limited published a trading statement for the six months ended 31 August 2018. Headline earnings per share is expected to be between 0.5 US cents and 1 US cents compared to a loss of 5.8 US cents reported in the prior financial period. Group Five Limited (GRF)   Group Five […]

Morning Note

Morning Note – 2 October 2018

SENS Summary Zeder Investments Limited (ZED) Zeder published a trading statement for the six-month period ended 31 August 2018.Headline earnings per share is expected to be between 29.9 cents and 30.7 cents per share, or between 595% and 614% higher than the 4.3 cents reported in the prior period. The Group’s sum of the part […]

Morning Note

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). […]

Morning Note

Morning Note – 28 September 2018

GET TO KNOW YOUR COMPANIES Remgro Limited (JSE: REM) Remgro Limited is an investment holding company. REM released FY18 results on 19 September 2018. Headline earnings per share grew by 1.8% from R14.85 per share in FY17 to R15.12.  Click here to download our equity report on Remgro Ltd. SENS Summary Netcare Limited (NTC) Netcare released […]

Morning Note

Morning Note – 27 September 2018

SENS Summary Capitec Bank Holdings Limited (CPI) Capitec released their interim results for the 6 months ended 31 August 2018. Net income rose by 13%, headline earnings per share increased by 20% and the group declared an interim dividend of 630 cents per share (2017: 525 cents per share). Adcorp Holdings Limited (ADR)   Adcorp released […]

Morning Note

Morning Note – 26 September 2018

SENS Summary Woolworths Holdings Limited (WHL) S&P downgraded the credit rating of WHL with effect from 21 September 2018. Due to the challenging macroeconomic and trading conditions in South Africa and structural changes in Australia, the credit rating has been revised from zaAA to zaA+. Allied Electronics Coporation Limited (AEL)   Altron released a trading statement for […]

Morning Note

Morning Note – 25 September 2018

SENS Summary Zeder Investments Limited (ZED) Zeder advised that its subsidiary, Capespan Group Limited, has disposed of its entire shareholding in Jong Wing Wau for approximately R1.17 bn. Standard Bank Group Limited (SBK)   Allan Gray has increased their stake in Standard Bank to 5.02% of securities in issue. Current Forex ZAR/USD : 14.37 ZAR/GBP : 18.85 […]

Morning Note

Morning Note – 21 September 2018

GET TO KNOW YOUR COMPANIES African Rainbow Minerals (JSE:ARI) African Rainbow Minerals reported their provisional results on the 7th of September 2018. Excluding certain one-off items, headline earnings per share increased by 20%. The group declared a final dividend of 750 cents per share, bringing the cumulative dividend for the year to 1 000 cents […]

Morning Note

Morning Note – 20 September 2018

SENS Summary Remgro Limited (REM) Remgro released their audited consolidated results for the year ended 30 June 2018. The intrinsic value per share increased by 2.2% to R256.97 per share, headline earnings per share grew by 1.8% and the group declared a final gross dividend of 328 cents per share (2017: 301 cents per share). […]

Morning Note

Morning Note – 19 September 2018

SENS Summary Comair Limited (COM) Comair released their results for the year ended 30 June 2018.Revenue grew by 7.7%, headline earnings per share increased by 10% to 69.8 and the board declared a gross dividend of 17 cents per share. Sibanye Gold  Limited (SGL) The South African Competition Commission has recommended that the South African […]

Morning Note

Morning Note – 18 September 2018

SENS Summary Naspers Limited (NPN) Naspers announced its intention to list its Video Entertainment business separately on the JSE. The new company will be named MultiChoice Group Limited. Rhodes Food Group Holdings Limited (RFG) Rhodes Food Group released a trading update for the year ending 30 September 2018. Management expects headline earnings per share to be […]

Morning Note

Morning Note – 17 September 2018

SENS Summary Investec Limited (INL) Investec have announced that the Group will separately list and de-merge Investec Asset Management (IAM). Hendrik du Toit will run IAM. The de-merger and listing are expected to be complete in 12 months. Pan African Resources PLC (PAN) Pan African released a trading statement for the year ended 30 June […]

Morning Note

Morning Note – 14 September 2018

GET TO KNOW YOUR JSE COMPANIES WILSON BAYLY HOLMES-OVCON LTD (WBO) On the 4th of September WBO released their audited consolidated financial statements for the year ended 30 June 2018. The Group’s total revenue increased by 9.8% and operating margin contracted slightly to 3%. Click here to download the full report. SENS Summary Aspen Pharmacare […]