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 – 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 – 28 June 2018

SENS Summary PSG Group Ltd (PSG) Executive (PJ Mouton) and non-executive (JF and JJ Mouton) purchased 100 000 PSG shares to the value of R21 203 130 in the market on Tuesday. EOH Holdings Limited (EOH) EOH confirmed that the creation of two independent business under EOH Holdings will be completed by 1 August 2018. The ICT […]

Morning Note

Morning Note – 25 April 2018

SENS Summary PSG Group Limited (PSG) PSG released their full year results for the year ended 28 February 2018. The dividend per share increased by 11% to R4.15 per share, recurring headline earnings per share increased by 7% to R9.94 and the sum of the parts rose to R255.17 per share. Nu-World Holdings Limited (NU) […]

Morning Note

Morning Note – 14 February 2018

SENS Summary   PSG Group Ltd (PSG) Executive (PJ Mouton) and non-executive (JF and JJ Mouton) purchased 5 604 PSG shares in the market on Friday and Monday.   Torre Industries Limited (TOR) Torre Industries released a trading statement for the six months ended 31 December 2017. They advised that headline earnings per share (HEPS) for […]

Morning Note

Morning Note – 8 February 2018

  8 February 2018 SENS Summary   The SPAR Group Limited (SPP) The SPAR Group increased sales by 7% from R31.6 billion to R33.8 billion for the 17 week trading period ended 27 January 2018. On a like-for-like basis, the South African Group increased sales by 6.4%.   PSG Group Limited (PSG) Executive (PJ Mouton) […]

Morning Note

Morning Note – 5 February 2018

  5 February 2018 SENS Summary   PSG Group Ltd (PSG) Executive (PJ Mouton) and non-executive (JF and JJ Mouton) purchased just over R20 million PSG shares in the market on Thursday.   Sea Harvest Group Ltd (SHG) Sea Harvest released a trading statement for the year ended 31 December 2017. The company expects to report […]

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 – 20 September 2017

SENS Summary Nedbank Group Limited (NED) Coronation notified Nedbank Group that it has acquried a beneficial interest in the ordinary shares of the company, such that the total beneficial interest is now 5.11%.   PSG Group Limited (PSG) PSG Alpha Investments, a subsidiary of PSG, has acquired a 50% stake in Evergreen Retirement Holdings Proprietary […]

Morning Note

Morning Note – 8 September 2017

SENS Summary ​FirstRand Limited (FSR) FirstRand published their audited results for the year ended 30 June 2017. Their basic and diluted normalised EPS increased by 7%, normalised NAV increased by 9%, dividend per share increased by 13% and their Return on Equity is currently trading at 23.4% (2016: 24%).   Spur Corporation Limited (SUR)​ ​Spur […]

Morning Note

Morning Note – 24 August 2017

SENS Summary Bid Corporation Limited (BID) BidCorp released their results for the year ended 30 June 2017. Their HEPS is up by 9.4%, Trading profit increased by 6.9%, Profit increased by 16.2%, EPS increased by 16.7% and they declared a dividend per share of 500 cents.   Blue Label Telecoms Limited (BLU) Blue Label released […]

Morning Note

Morning Note – 14 August 2017

SENS Summary Alviva Holdings Limited (AVV) Alviva released a trading statement for the year ended 30 June 2017. They expect their Headline earnings to be between 21% and 25% higher, EPS to increase between 16% and 21% and HEPS to increase between 21% and 25%.   Exxaro Resources Limited (EXX) Exxaro released a trading statement […]

Morning Note

Morning Note – 22 June 2017

SENS Summary Curro Holdings Limited (COH) Curro announced that it, through its wholly subsidiary, Stadio, has entered into an agreement to acquire 74% of the issued share capital of SBS, which will hold a 51% interest in Southern Business School of Namibia.   Current Forex ZAR/USD : 13.01 ZAR/GBP : 16.49 ZAR/EUR : 14.54   […]

Morning Note

Morning Note – 13 April 2017

SENS Summary PSG Group Limited (PSG) PSG released a trading statement yesterday for the year ended 28 February 2017 which stated: Sum of the parts (SOTP) value per share of R240.87 is 29% higher since Feb 2016. Recurring headline earnings will increase between 16.8 and 18%. Headlines earnings will increase between 49.4 and 50.9%. Attributable […]

Economy Markets & Equities

Investment lessons from the Oroville Dam disaster

A very interesting story was unfolding in California, USA as I was writing this week’s article. Among the many interesting sights in the USA, you will find the Oroville Dam, which at a height of 235m, is officially the highest dam in the USA. In 2013, however, a crack in one of the dam’s main […]

Economy

There goes the Rand again

One of my daughters has one year of school left, while the other has two years left, and as you would expect, most conversations these days are focused around career choices and what each of them would like to become someday. It always takes me back to my younger days when the exact same conversations […]