Morning Note

Morning Note – 30 August 2018

SENS Summary Mr Price Group Limited (MRP) Mr Price released a trading update for the first four months of the financial year ending 30 March 2019. Total Group sales increased by 6.6 %. Retailing selling price inflation, including the impact of product mix changes and lower markdowns, was 4.2%. The retail environment is expected to […]

Morning Note

Morning Note – 27 August 2018

SENS Summary MMI Holdings Limited (MMI) MMI released a trading statement for the year ended 30 June 2018. Headline earnings per share is expected to decrease between 15% and 25% to between 89 cents and 101 cents relative to 98 cents per share earned in the comparative period. Afrocentric Investment Corporation Limited (ACT) Afrocentric released a […]

Morning Note

Morning Note – 11 July 2018

SENS Summary Anchor Group Limited (ACG) Anchor announced the disposal of a controlling interest of 51% in its wholly owned subsidiary, Anchor Stockbrokers to a consortium led by property entrepreneur Dr Sisa Ngebulana. Mr Price Group Limited (MRP) JPMorgan Chase & Co has decreased its holding in Mr Price, such that the total interest in the […]

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 […]

Morning Note

Morning Note – 26 April 2018

GET TO KNOW YOUR JSE COMPANIES PSG Group Limited (PSG) PSG released their full year results for the year ended 28 February 2018 on the 24th of April. Their recurring earnings per share increased by 7%, dividend per share increased by 11% and their sum of the parts increased by 5.94% for the respective period. Click […]

Markets & Equities

The ongoing search for diamonds in our market

I have previously said that if you want to manage a successful share portfolio, you have to follow the same basic principles as the old diamond miners who carefully had to pick through a sifting pan full of pebbles to find the ultimate reward: that ever-elusive diamond. Each investment expert has his own ‘pan’. Some […]

Morning Note

Morning Note – 1 September 2017

SENS Summary Mr Price Group Limited (MRP) Mr Price release a trading update for the 18 weeks to 5 August 2017. Retail sales grew by 6.2%, comparable store sales increased by 4%, online sales increased by 6.4%, cash sales increased by 6.3% and credit sales increased by 5.4%.    Bell Equipment Limited (BEL) Bell published […]

Morning Note

Morning Note – 29 August 2017

SENS Summary Super Group Limited (SPG) Super Group released their results for the year ended 30 June 2017. Their revenue increased by 15%, EBITDA increased by 10%, Operating profit is up by 8%, Core HEPS increased by 8% and their NAV per share increased by 9%.   Cashbuild Limited (CSB) Cashbuild published their results for […]

Morning Note

Morning Note – 30 May 2017

SENS Summary Mr Price Group Limited (MRP) Mr Price released results for the year ended 1 April 2017. Their diluted HEPS decreased by 10.4% (This is the group’s first earnings decrease in 16 years), diluted EPS decreased by 15.5%, Revenue decreased 1.2% and their annual dividend per share remained the same at 667 cents.   Reunert […]

Morning Note

Morning Note – 25 May 2017

SENS Summary Tradehold Limited (TDH) Tradehold published a summary of their audited results for the 12 Months to 28 February 2017. Their total assets grew by 213% compared to the prior year, Revenue is up 80%, core HEPS increased by 112% (despite an increase of almost 59 million in the number of shares in issue) […]

Morning Note

Morning Note – 12 May 2017

SENS Summary Life Healthcare Group Holdings Limited (LHC) In the Company’s results for the six months ended 31 March 2017, the following are highlighted: Revenue grew with 22.6%, Normalised EBITDA grew with 15.2%, HEPS is down with 71.3%. HEPS and EPS are down due to roughly 20 million shares issued in the considered period. Due to the acquisitions […]

Economy Financial Planning Portfolio DIY

Building your portfolio like a pro – Part 2

I always try to provide my clients with as many tools and aids as possible whenever I release a report, in order to help them to make the best possible decisions regarding their investment portfolios. This also encourages me to go back in time every now and then, to evaluate which models and tools were […]