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Welcome to the Sharenet Daily Equity Report
 Issue: 11 January 2011 20:00

Recap at the start of 2011

Compliments of the season at the start of 2011. From all of us at Seed Investments, we trust that you have a prosperous year ahead in every respect. Please don’t hesitate to contact us at any stage to discuss your investment portfolio and investment planning.

As a recap, let’s look at what happened last year across some markets
The map below gives a colour coded indication of good indication of market performance over the last year. This colour coded map reflects gains in green and losses in red across the global stock markets in 2010.

Source : Emerginvest

Generally 2010 proved to be a solid year for most stock markets across the globe.

Stock market gainers over 2010
• Russia gained 22,5%
• Germany up 16,1%
• UK’s FTSE100 up 9%
• SA’s FTSE/JSE gained 19%

While China continues to grow into a superpower economy, with tentacles across the world, the market lost 14,3% in 2010.

The little red dot in the middle is Greece. The Athex composite is down 38% over the last year.

With the strong rand, in dollar terms the local JSE gained 32,4%, outperforming the MSCI World equity in dollar terms of 12,3%

Within the local market there was however a big disparity in returns from the 3 main sectors. The best performer was the Industrial 25 index, which gained 26,5%. Then came the Financial 15 index up 14,7%, then came the Resources 20 up 12,3%

Looking broader than just global markets, the big gainers in 2010 were a range of commodities. The chart below reflects performance over 3 months of various markets and asset classes.

Source: finviz.com

The big gains however were across commodities. With strong performances from cotton, palladium, coffee, corn, oats etc. The chart above is a 3 month chart across various commodities and markets. Commodities have continued to move up strongly over the last few months.

Gold has been a very good performer in dollar terms over the last 10 years.

US Treasury bonds have come under pressure over the last 3 months as long term interest rates moved up from very low levels.

While commodity prices are firmer, it was then disappointing that local resources were the worst performer of the 3 main indices. Much of this has to do however with the strong rand, which moved up to a 3 year high in December against the US dollar.

While there remains a lot of enthusiasm for the growth potential of emerging markets, it is not a given that these markets will outperform the developed markets in 2011.

Kind regards

Ian de Lange
Seed Investment Consultants
021 9144 966

Tue, 11 Jan 2011

South African stocks closed around 1.7 percent higher on Tuesday as mining stocks rebounded, in line with global commodity assets, on news that Japan is considering buying euro zone bonds.  Full story
Talisman Energy Inc <TLM.TO> will hold spending flat at about $4 billion with the aim of boosting production 5 percent to 10 percent this year with natural gas prices expected to stay weak.  Full story
AngloGold Ashanti, the world's third-largest gold miner, has suspended operations at its Great Noligwa Mine in South Africa after a worker was killed in an accident.  Full story
The United Nations may have sounded the alarm about soaring global food prices, but in Africa a string of bumper harvests and a changing diet means the political fallout may be more muted than to past price bumps.  Full story

13h58 South Africa's competition watchdog has dismissed an application by the country's farmers' group for an exemption to allow farmers to reserve. . .  Full story
13h34 South Africa's manufacturing output beat expectations on a year-on-year basis in November, data showed on Tuesday, denting the chances of an. . .  Full story
11h57 South Africa's 2009/10 maize surplus is likely to prevent any supply shortage of the grain this year after heavy December and. . .  Full story
08h59 Africa's biggest grocer Shoprite booked a 9.5 percent rise in first-half turnover as lower interest rates and tentative economic growth encouraged. . .  Full story

Trading Statistics


Major Moves Up
SharenameSaleMove% MoveVolume
1 KAP  2453516.67.%307944
2 NORTHAM  47802806.22.%1770687
3 URONE  33351946.18.%51076
4 VERIMARK  16495.81.%164741
5 TRNSHEX  244125.17.%53384
6 GBGOLD  1839885.03.%12540
7 S-OCEAN  225104.65.%16500
8 REX-TRUE  1151514.64.%26
9 RICHEMONT  39211644.37.%13925646
10 ELBGROUP  1770704.12.%250
11 OMNIA  77003004.05.%33065
12 GROUP-5  38351453.93.%230068
13 ARM   218507603.60.%725905
14 NASPERSN  3865512603.37.%1796226
15 BRAIT  2531813.31.%98889
16 IMPLATS  233897313.23.%2790258
17 PLATMIN  640203.23.%125
18 FIRSTRAND  2059633.16.%28604352
19 BRIMST-N  560173.13.%65448
20 TRENCOR  34001003.03.%52204

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Major Moves Down
SharenameSaleMove% MoveVolume
1 AFRO-C  160-24-13.04.%24139
2 SOVFOOD  625-60-8.76.%10625
3 AME  3400-300-8.11.%1477
4 RANGOLD  345-15-4.17.%34991
5 WITSGOLD  5781-219-3.65.%450
6 PINNACLE  671-24-3.45.%520719
7 LITHA  280-10-3.45.%206658
8 PBT  118-3-2.48.%201225
9 AMA  200-5-2.44.%142681
10 BASREAD  1210-30-2.42.%141361
11 DRDGOLD  326-8-2.40.%113902
12 OPTIMUM  2900-65-2.19.%23347
13 VILLAGE  230-5-2.13.%19664
14 CAPITEC-N  3920-85-2.12.%52129
15 EOH  1712-37-2.12.%104078
16 NETCARE  1536-32-2.04.%2995530
17 ZEDER  260-5-1.89.%263380
18 MAZOR  162-3-1.82.%506000
19 HOWDEN  1080-20-1.82.%305
20 CML  1740-30-1.69.%390320

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New Highs
SharenameSaleHighMove% MoveVolume
1 REX-TRUE  11511151514.64.%26
2 ARM   21850218507603.60.%725905
3 ONELOGIX  12813032.40.%64903
4 WINHOLD  16116731.90.%98835
5 ABIL  40004012551.39.%4306481
6 REUNERT  69256925941.38.%619404
7 SABVEST-N  66066081.23.%50000
8 CLOVER  10951110100.92.%767089

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New Lows
SharenameSaleLowMove% MoveVolume
1 RANGOLD  345345-15-4.17.%34991

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Spot Prices
NameTimeRPMove% Move
JSE Overall17:0032162.15463.661.46%
JSE Top 4017:0028700.04479.351.70%
JSE Gold17:002584.8041.461.63%
JSE Financial17:0022004.99236.641.09%
JSE Industrial17:0032164.18439.511.39%
JSE Indust 2517:0026655.06429.121.64%
JSE Resource17:0056378.25955.551.72%
DJ Futures19:3011637.0048.000.41%
DJ Ind19:4111695.7658.310.50%
SP 50019:501276.296.540.52%
FTSE 10018:356014.0357.730.97%
All Ords07:364814.90-3.80-0.08%
NZSE 5006:563329.765.690.17%
NameTimeRPMove% Move
Gold/R kg19:5630552559581.99%
Brent Crude19:5696.931.891.99%
Rand / Dollar19:586.86890.05940.87%
Rand / Pound19:5510.70150.12281.16%
Rand / Euro19:558.91340.09181.04%
Rand / NZD19:575.21520.01990.38%
Rand / AUD19:556.78850.01570.23%
Yen / Dollar19:5983.32000.63000.76%
Euro / Dollar19:550.7710-0.0012-0.16%
Dollar / Euro19:591.29690.00300.23%
Pound / Dollar19:550.6402-0.0017-0.26%

Click here for the Sharenet Spot Price page
Index Summary
Index NameRPMove% Move
Top 4028,700.04479.351.70%
Mid Cap43,411.0346.420.11%
Small Cap34,007.56257.930.76%
Resource 2056,378.25955.551.72%
Industrial 2526,655.06429.121.64%
Financial 158,296.04100.611.23%
Financial & Ind. 3030,063.81494.511.67%
All Share32,162.15463.661.46%
Oil & Gas 25,932.38226.150.88%
Mining 37,317.82675.081.84%
Gold Mining2,584.8041.461.63%
Platinum Mining85.492.503.01%
Oil & Gas Producers 13,943.36121.590.88%
Basic Materials 31,316.41555.771.81%
Chemicals 13,720.6781.510.60%
Forestry & Paper 12,901.71191.131.50%
Industrial Metals 28,542.44445.901.59%
Industrials 30,039.24196.630.66%
General Industrials 76,928.02203.470.27%
Consumer Goods 26,161.66648.552.54%
Automobiles & Parts 2,796.61-33.96-1.20%
Household Goods158.5031.96%
Health Care 32,704.07-49.91-0.15%
Beverages 81,974.971619.752.02%
Food Producers 48,808.8855.570.11%
Index NameRPMove% Move
Personal Goods 391.6216.384.37%
Consumer Services 53,513.48533.161.01%
General Retailers 41,005.63-244.63-0.59%
Travel & Leisure 4,210.611.170.03%
Media 85,130.462712.073.29%
Support Services 2,621.4930.811.19%
Telecommunications 63,738.59494.610.78%
Financials 22,004.99236.641.09%
Banks 41,730.23694.461.69%
Non-life Insurance 32,918.1424.250.07%
Life Insurance 15,658.51284.011.85%
General Financial 2,418.8515.750.66%
Technology 20,421.10-265.75-1.28%
SHARIAH TOP40 3,209.40511.61%
FTSE/JSE SHARIAH ALL3,281.53481.50%
COAL MINING20,030.73630.32%
FTSE JSE Fledgling 4,785.73-15-0.31%
FTSE/JSE Alt X 1,139.69-1-0.06%
CAPPED PROPERTY 320.55-0.70%
RESOURCE 31,018.745261.72%
DIVIDEND PLUS176.8510.51%
FTSE/JSE RAFI 406,683.371021.55%
Capped Top 4014,936.302491.69%
Capped All Share16,183.982301.44%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
12 Jan 2011MASNovember 2010 (Q)
18 Jan 2011NET1UEPSDecember 2010 (Interim)
18 Jan 2011NET1UEPSPDecember 2010 (Interim)
18 Jan 2011NET1UEPSPPDecember 2010 (Interim)
19 Jan 2011SPESCOMSeptember 2010 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
REUNERT5.511-01-0511-01-2111-01-31R 0.0550
TELEMASTR10-12-2211-01-1411-01-24R 0.0400
MERCHANT10-12-1711-01-1411-01-24R 0.1100
O-LINE10-12-1711-01-1411-01-24R 0.0200
SBRJSEP1110-12-1511-03-0411-03-15R 1.4100
Ex Div**
Share NameDec-DateLDTPay-DateAmount
TIGBRANDS10-11-2411-01-0711-01-17R 2.4100
TIGBRANDS10-11-2411-01-0711-01-17R 2.3500
OCEANA10-11-1111-01-0711-01-17R 1.7500
PPC10-11-0911-01-0711-01-17R 1.3000
TONGAAT10-11-1511-01-0711-01-20R 1.1000

Upcoming AGMs**
CodeCompany NameDateStatus
AETAlert Steel Holdings Ltd13/01/2011Confirmed
BCXBusiness Connexion Group Ltd13/01/2011Confirmed
MMHMiranda Mineral Holdings Ltd14/01/2011Unconfirmed
DNPPDistribution and Warehousing Network Ltd14/01/2011Confirmed
DAWDistribution and Warehousing Network Ltd14/01/2011Confirmed

Stock Exchange News Service
11/01/201117:25OML - Old Mutual Plc - Form 8.3
11/01/201114:53RACP - RECM and Calibre Limited - Appointment of Directors
11/01/201113:23SAL - Sallies Limited - Results of general meeting
11/01/201113:21 Pinnacle Technology Holdings Limited - Changes to the board of directors
11/01/201112:58 Capital Shopping Centres Group Plc - Announcement of No Intention to
11/01/201112:16 Anglo American plc - Anglo American Share Incentive Plan - SIP
11/01/201111:48 Acucap Properties Limited - Dealing in securities by a director
11/01/201111:45MNY/CAT/CATP - Results of mandatory offer by Caxton to the minority shareholders
11/01/201111:35 UCS Group Limited - No Change Statement and Notice of Annual General
11/01/201111:34 Eastern Platinum Limited - Eastern Platinum Limited Holdings in Company
11/01/201110:47 Moneyweb Holdings Limited - Dealing in securities by directors
11/01/201109:29 Uranium One Inc - News Release
11/01/201109:00GEN - Simon Property Group, Inc. - No intention to make a firm offer for the
11/01/201109:00 African Eagle Resources plc - Resource upgrade to JORC Indicated
11/01/201108:00 Shoprite Holdings Limited - Operating update
11/01/201107:05 BHP Billiton Plc - Transaction in shares

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