Just how defensive are defensive stocks right now?

Defensive stocks are predominantly found in industries where companies are mainly focused on delivering cheaper products or services that consumers find hard or impossible to manage without. Typical examples of areas where defensive investments can be found include food manufacturers and retailers, medical care and the tobacco and alcohol industries. The fact that delivering these […]

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 – 10 September 2018

SENS Summary African Rainbow Minerals Limited (ARI) African Rainbow released their provisional results for the year ended 30 June 2018. Total revenue from continuing operations increased by 6.4%, headline earnings were 2526 cents per share compared to 1684 cents in 2017 and the board declared a final dividend of 750 cents per share. Ascendis Health […]

Morning Note

Morning Note – 3 September 2018

SENS Summary The Bidvest Group Limited (BVT) The Bidvest Group Limited (BVT) – The Bidvest Group released their financial results for the year ended 30 June 2018.Revenue increased by 8.4%, headline earnings per share increased by 11.1% and the final dividend decreased by 14% to 301 cents per share. Stadio Holdings Limited (SDO) Stadio released […]

Morning Note

Morning Note – 25 May 2018

GET TO KNOW YOUR JSE COMPANIES AECI Ltd (AFE) AECI’s results for the year ended 31 December 2017 showed an increase in profit from operations of 18%, an increase in EBITDA of 11% and headline earnings per share rose by 17.2% to 959 cents. Click here to download our equity report on the AECI. SENS […]

Morning Note

Morning Note – 18 April 2018

SENS Summary Cashbuild Limited (CSB) Cashbuild reported a third quarter operational update for 2018 financial year. Revenue for the third quarter increase by 7%, like for like revenue increased by 2%. Selling inflation was 2% at the end of March. Gross profit margins remained at similar levels. Vunani Limited (VUN) Vunani released a trading statement […]

Morning Note

Morning Note – 18 September 2017

SENS Summary ​Steinhoff Africa Retail Limited (SRR) ​The company advised that it successfully raised an amount of R15.4 billion, through the placement of 750 million shares at a price of R20.50 per share. The expected date of listing is the 20th of September 2017.   ​Truworths International (TRU) ​​Truworths advised shareholders that Aberdeen Asset Managers […]

Morning Note

Morning Note – 10 August 2017

SENS Summary Pioneer Food Group Limited (PFG) Pioneer released a trading update for the 10 months ended 31 July 2017. The group’s turnover decreased by 4% mainly due to price deflation in maize. At the half year, Pioneer indicated that it anticipated an improved performance in the 2nd half. “This has, however, materialised at a […]

Morning Note

Morning Note – 10 April 2017

SENS Summary Datatec Limited (DTC) Datatec announced the possible sale of their major share in Westcon-Comstor’s operations for an amount of more than US$800 million. This is the company’s second announcement since January 2017 with regards to the sale of their share in Westcon. The company announced that their earnings per share for 2017 is […]