Coronation Fund Managers Limited is a South African investment-led, owner-managed business. The company is an active investment manager that focuses on fund management for both institutional and retail client markets. Coronation reported its financial results for the period ended 30 September 2019. The company had a tough year with revenue down by 14% to R3.29bn […]
Tencent Holdings Limited recently released its third-quarter results for the period ended 30 September 2019. The group reported revenue of RMB 97.23bn, up by 21% compared to the prior period (3Q18: RMB 80.59bn). The fastest-growing segment was the Fintech & Business segment. Tencent’s online advertising business reflected the slowest growth rate relative to VAS and Fintech […]
Alphabet Inc recently released its third-quarter results for the period ending 30 September 2019. The company beat expectations on revenue, delivering top-line growth of 20% to $4.5bn, driven by mobile search, YouTube and cloud. The group’s net income decreased to $7.08bn (3Q18: $9.1bn) which translated into diluted earnings per share of $10.12, a decline of […]
Remgro released its full-year results for the period ending 30 June 2019. The company’s headline earnings per share (HEPS) for the full year declined by 4.2% to R14.49 per share compared to the prior period (FY18: R15.13 per share). Excluding the option remeasurement, HEPS was down only 2.6% for the period. On 2 July 2018, […]
Growthpoint Properties Limited is a real estate investment trust. The primary business of the company is investment in rental-generating properties, which are maintained and upgraded or refurbished as necessary. The company reported its full-year results for the year ended 30 June 2019. The group reported total revenue of R11.5bn (FY18: R10.92bn), up by 5.75% compared to […]
Wilson Bayly Holmes-Ovcon Limited is engaged in civil engineering and building contracting activities in the Republic of South Africa and internationally. On the 3rd of September 2019, WBO released its audited consolidated financial statements for the year ended 30 June 2019. The group’s total revenue grew by 16%, operating margin contracted slightly to 1.4%, diluted […]
Woolworths Holdings is a South African-based retail group. Last week Woolworths reported its annual results for the year ended 30 June 2019.Total revenue increased by 6.6%, headline earnings per share declined by 1% to 342.9 cents per share and the board declared a final gross dividend of 98.5 cents per share, a decrease of 24.5% […]
BHP is a world-leading resources company. It extracts and processes minerals, oil, and gas from its production operations located primarily in Australia and the Americas. The group recently released its annual results for the year ended 30 June 2019. Revenue for the period grew by 3% to US$44.28bn, headline earnings per share increased by 31% to […]
The Shoprite Group of Companies is Africa’s largest food retailer. The group operates a total of 2 934 outlets in 15 countries across the continent, as well as on the Indian Ocean islands, and employs more than 147 000 people. Shoprite released its full-year results on 20 August, for the period ended 30 June 2019. […]
Standard Bank Group Limited offers transactional banking, saving, borrowing, lending, investment, insurance, risk management, wealth management, and advisory services. The company released its interim results for the period ending 30 June 2019. They reported diluted headline earnings per share of 828.8 cents (1H 2018: 794 cents) for the first six months, up by 4.4%, and slightly […]
Clover industries was founded in 1994 and is based in Roodepoort, South Africa. Clover manufactures and markets food products in South Africa. It offers dairy products, yoghurt, yoghurt based dairy snacks, groceries, beverages, functional drinks, soy milk, lactose free and toddler products. The company reported its unaudited interim financial results for the period ending 31 […]
Tsogo Sun released its full year 2019 (FY19) results for the period ending 31 March 2019. The group divides its revenue in segments of gaming, hotel rooms, food & beverages and property rental income. Revenue from beverages and gaming activity has been resilient despite the low consumer confidence sentiment which came in at 9% and 21% […]
Compagnie Financiere Richemont SA (Richemont) is a Switzerland-based luxury goods company. The Company’s regional exposures include, Europe, Middle East & Africa, Asia Pacific and the Americas. The group reported its 2019-full year results on the 17th of May 2019. Richemont posted a robust set of numbers with revenue increasing by 8% (excluding the YNAP and […]
Sasol – Running out of Fuel by SchalkLouw on TradingView.com In one fail swoop, Sasol not only dropping 13% in one day, but also broke a very strong support line at R383.50. Main reason was the Lake Charles Project not only seriously going over budget, but also starting to look like the Never-Ending Story. Debt […]
My Tencent worth… by SchalkLouw on TradingView.com Following most Chinese Internet Companies, #Tencent succumbing to the Trump tax-blow. A breakthrough it’s 6-month support line does not paint a pretty picture for the share price going forward. N Next support level could be around the lows of March (350HKD), with a break most probably testing […]
How Low can you Go…Remgro? by SchalkLouw on TradingView.com Remgro is getting very interesting. Despite the fact that the share price is getting closer to the bottom support level of a Descending Triangle , the company still seem fundamentally sound and somewhat oversold according to its 14-day RSI . Consensus target price (according to Thomson […]
