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

World population and multinational companies

The world population is expected to reach 7 billion by the end of 2011 or into 2012 according to estimates. The “Day of 7 billion” has been targeted by the United States Census Bureau to be in July 2012, while the population division of the United of the United Nations suggests later this year.

The 6 billion mark was reached in 1999, taking an estimated 12 years from 1987. Another 12 years and the world population will be close to 7 billion with the estimate of 8 billion by 2025.

Going back there are no exact numbers and dates, but the milestone numbers and dates according to census bureau are as follows:

Source: Wikipedia

This on-going growth in world population combined with strong economic growth in many emerging markets – which support the quickest growing populations, is, according to Sarasin, allowing companies like Procter and Gamble to boast that they will aim to add a massive 1 billion new customers by 2015.

This is in addition to the four billion customers that it already serves.

Procter and Gamble is a branded goods company operating across 80 countries around the world and selling into 180 countries. It markets brands such as pampers, Gillette, Pantene and Duracell, etc

This is but one example of a global multinational company that is looking to expand into the global markets and take advantage of higher growth rates.

Some statistics on Procter and Gamble

• 2010 annual revenues were $78,9 billion, with net earnings at $12,7 billion.

• Operating cash flow is strong and ahead of net earnings

• The company spends 3% or $2,5 billion on research and development and 10% on marketing, i.e. $8 billion on brand awareness.

• In terms of their expansion plans, P&G is looking to introduce all product lines to all countries, and focus on a two-tier product range, one for affluent markets and one for emerging or “starter markets”

• the company has a history of 54 years of growing its dividend at a compound average growth rate of 9,5%

Bigger margins in foreign markets

Data from Legg Mason of the US domiciled companies in the S&P500 index, reflects that between 1995 and 2009 pre-tax margins on foreign business for these companies from the US grew significantly in absolute terms and when compared to the pre-tax margins on their domestic business.

P&G is just one multinational company that is well placed to grow its business into emerging markets and which investors should be looking to take advantage of in their global portfolios

Kind regards

Ian de Lange

Thu, 20 Jan 2011

South Africa's rand fell to a seven-week low against the greenback on Thursday, testing key technical levels on central bank dollar-buying, but recouped some of the losses after the bank left interest rates unchanged.  Full story
Plans for a delayed 300 MW wind farm in Kenya can now proceed after lenders agreed to rely on the government's assurance that it backed the plan, instead of proper guarantees, the chairman of the project said.  Full story
Trading profit grew to R43.8 million (R23.2 million), while profit attributable to ordinary shareholders fell to R13 million (R13.9 million). Earnings per share dropped to 147.7cps (158cps). Interest payments A debenture interest payment (number 47) of 53.846 cents per debenture in res  Full story
Major Japanese utilities could fork out a quarter more for annual thermal coal contracts this year, bringing prices close to record levels seen in 2008 as Queensland floods force a flare up in spot values.  Full story

18h48 South Africa's Reserve Bank left its key policy rate unchanged as expected on Thursday, citing an improving economic outlook and rising. . .  Full story
15h08 South Africa's rand weakened to a seven-week low against the dollar on Thursday, with dealers saying the central bank was in. . .  Full story
13h31 Plans for a delayed 300 MW wind farm in Kenya can now proceed after lenders agreed to rely on the government's. . .  Full story
13h24 South African utility Eskom. . .  Full story

Trading Statistics


Major Moves Up
SharenameSaleMove% MoveVolume
1 MMG  2105535.48.%193903
2 RANGOLD  3194918.15.%9096
3 BAUBA  2282814.00.%9300
4 IPS  1251513.64.%2700
5 AFEAGLE  16274.52.%96000
6 PUTPROP  549234.37.%25000
7 WESIZWE  22794.13.%109632
8 ASTRAL  131504563.59.%826140
9 ARGENT  942313.40.%11200
10 CBH  36092.56.%30906
11 S-OCEAN  22352.29.%10300
12 GOLDONE  23052.22.%495942
13 PHUMELELA  1175252.17.%32320
14 RAUBEX  2350502.17.%257259
15 AMECOR  15132.03.%28545
16 BRIMSTON  770151.99.%30159
17 DIGICOR  29551.72.%294977
18 TREMATON  12721.60.%1809000
19 AFRIMAT  33551.52.%105225
20 ARCMITTAL  87551301.51.%1462035

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Major Moves Down
SharenameSaleMove% MoveVolume
1 MASONITE  3010-440-12.75.%100
2 DAWN  750-70-8.54.%18087
3 IQUAD  300-25-7.69.%30000
4 EASTPLATS  1187-96-7.48.%21282
5 ONELOGIX  146-10-6.41.%54555
6 BWI  121-7-5.47.%187555
7 AFRO-C  165-9-5.17.%6901
8 URONE  3838-189-4.69.%12138
9 ELLIES   204-10-4.67.%914116
10 METOREX  560-26-4.44.%2361082
11 BCX  632-27-4.10.%42500
12 SACOIL  147-6-3.92.%538095
13 MRPRICE  5760-235-3.92.%6735164
14 BRAIT  2297-93-3.89.%178539
15 LONMIN  19850-797-3.86.%236274
16 MERAFE  153-6-3.77.%8589726
17 ANGLO  34850-1331-3.68.%3710407
18 STEINHOFF  2315-87-3.62.%10058843
19 FAMBRANDS  4199-151-3.47.%80784
20 GRANPRADE  290-10-3.33.%70825

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New Highs
SharenameSaleHighMove% MoveVolume
1 MMG  2109615535.48.%193903
2 AFEAGLE  16216274.52.%96000
3 TREMATON  12712921.60.%1809000
4 SABVEST-N  6807000.51562
5 ASSORE  2000020495-200-0.99.%192242

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New Lows
SharenameSaleLowMove% MoveVolume
1 MASONITE  30103010-440-12.75.%100
2 AMA  199120-2-1.00.%643314

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Spot Prices
NameTimeRPMove% Move
JSE Overall17:0031837.14-526.61-1.63%
JSE Top 4017:0028514.94-498.25-1.72%
JSE Gold17:002564.39-27.65-1.07%
JSE Financial17:0021544.86-208.76-0.96%
JSE Industrial17:0031491.13-398.94-1.25%
JSE Indust 2517:0026091.76-341.32-1.29%
JSE Resource17:0056731.36-1339.30-2.31%
DJ Futures19:5011745.00-41.00-0.35%
DJ Ind18:3111765.58-59.71-0.50%
SP 50019:301277.11-4.81-0.38%
FTSE 10018:355867.91-108.79-1.82%
All Ords07:374892.00-52.20-1.06%
NZSE 5006:523339.29-6.73-0.20%
NameTimeRPMove% Move
Gold/R kg19:56306763-1565-0.51%
Brent Crude19:5696.16-1.53-1.57%
Rand / Dollar19:587.05860.06961.00%
Rand / Pound19:5511.19820.05500.49%
Rand / Euro19:559.50900.10121.08%
Rand / NZD19:575.3443-0.0055-0.10%
Rand / AUD19:556.9780-0.0020-0.03%
Yen / Dollar19:5882.93000.86001.05%
Euro / Dollar19:550.7426-0.0001-0.01%
Dollar / Euro19:581.34640.00040.03%
Pound / Dollar19:550.62890.00350.56%

Click here for the Sharenet Spot Price page
Index Summary
Index NameRPMove% Move
Top 4028,514.94-498.25-1.72%
Mid Cap42,079.13-483.78-1.14%
Small Cap33,136.54-347.67-1.04%
Resource 2056,731.36-1339.30-2.31%
Industrial 2526,091.76-341.32-1.29%
Financial 158,150.42-81.57-0.99%
Financial & Ind. 3029,502.87-356.36-1.19%
All Share31,837.14-526.61-1.63%
Oil & Gas 27,359.77-46.86-0.17%
Mining 37,295.59-1000.84-2.61%
Gold Mining2,564.39-27.65-1.07%
Platinum Mining84.19-2.10-2.43%
Oil & Gas Producers 14,710.84-25.20-0.17%
Basic Materials 31,374.30-793.19-2.47%
Chemicals 13,514.82-96.65-0.71%
Forestry & Paper 13,200.02-118.27-0.89%
Industrial Metals 29,842.76-253.40-0.84%
Industrials 29,462.37-299.97-1.01%
General Industrials 76,944.11-737.15-0.95%
Consumer Goods 25,737.88-180.20-0.70%
Automobiles & Parts 2,853.22-45.29-1.56%
Household Goods147.12-6-3.62%
Health Care 32,143.68-358.46-1.10%
Beverages 80,987.40-1025.16-1.25%
Food Producers 48,500.02-68.47-0.14%
Index NameRPMove% Move
Personal Goods 385.521.800.47%
Consumer Services 51,815.02-1161.93-2.19%
General Retailers 38,478.61-728.92-1.86%
Travel & Leisure 4,147.59-26.63-0.64%
Media 85,048.77-2467.32-2.82%
Support Services 2,647.34-25.57-0.96%
Telecommunications 60,989.67-941.15-1.52%
Financials 21,544.86-208.76-0.96%
Banks 40,513.91-436.44-1.07%
Non-life Insurance 31,101.89-421.93-1.34%
Life Insurance 15,685.71-173.35-1.09%
General Financial 2,367.74-39.17-1.63%
Technology 20,570.71-484.99-2.30%
SHARIAH TOP40 3,207.60-70-2.15%
FTSE/JSE SHARIAH ALL3,275.51-68-2.03%
COAL MINING21,199.80-253-1.18%
FTSE JSE Fledgling 4,763.3380.16%
FTSE/JSE Alt X 1,140.3250.40%
CAPPED PROPERTY 310.72-0.22%
RESOURCE 31,211.43-737-2.31%
DIVIDEND PLUS172.90-2-1.19%
FTSE/JSE RAFI 406,643.70-103-1.52%
Capped Top 4014,820.56-238-1.58%
Capped All Share16,007.13-256-1.57%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
18 Jan 2011NET1UEPSDecember 2010 (Interim)
18 Jan 2011NET1UEPSPDecember 2010 (Interim)
18 Jan 2011NET1UEPSPPDecember 2010 (Interim)
20 Jan 2011FOORDDecember 2010 (Final)
20 Jan 2011FOORDCMPSDecember 2010 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
DIALOGUE11-01-1311-02-1811-02-28R 0.1238
REUNERT5.511-01-0511-01-2111-01-31R 0.0550
SBRJSEP1110-12-1511-03-0411-03-15R 1.4100
NAMPAK 6.510-12-0911-01-2111-01-31R 0.0650
NAMPAK 6%P10-12-0911-01-2111-01-31R 0.0600
Ex Div**
Share NameDec-DateLDTPay-DateAmount
ASTRAL10-11-1511-01-1411-01-24R 4.7000
REUNERT10-11-1711-01-1411-01-24R 2.2000
LEWIS10-11-0811-01-1411-01-24R 1.5600
NETCARE10-11-1511-01-1411-01-24R 0.2750
MERCHANT10-12-1711-01-1411-01-24R 0.1100

Upcoming AGMs**
CodeCompany NameDateStatus
CMLPCoronation Fund Managers Ltd20/01/2011Confirmed
CMLCoronation Fund Managers Ltd20/01/2011Confirmed
NTCPNetcare Ltd21/01/2011Confirmed
BWIB-W Instrumentation and Electrical Ltd21/01/2011Confirmed
EFFEfficient Financial Holdings Ltd21/01/2011Confirmed

Stock Exchange News Service
20/01/201117:34 m Cubed Holdings Limited - Changes to the board of directors
20/01/201117:33OML - Old Mutual plc - FORM 8.3
20/01/201117:25 PSG Group Limited - Dealing in securities by the PSG Group Limited
20/01/201117:23RAFRES - NEWFUNDS eRAFI(TM) SA RESOURCE 20 INDEX ETF - Distribution
20/01/201117:21NRD - Trackhedge (Proprietary) Limited - Distribution finalisation announcement
20/01/201117:20RAFISA - eRAFI(TM) Overall ETF - Distribution Finalisation Announcement
20/01/201117:19 Jubilee Platinum PLC - Renewal cautionary announcement
20/01/201117:18RAFFIN - eRAFI(TM) Financial 15 ETF - Distribution Finalisation Announcement
20/01/201117:17NEWFSA - Newfunds Newsa Index Portfolio - Distribution finalisation announcement
20/01/201117:16NFSH40 - NEWFUNDS SHARIAH TOP 40 INDEX ETF - Distribution finalisation
20/01/201117:15 South African Coal Mining Holdings Limited - Further extension of
20/01/201117:14 John Daniel Holdings Limited - Appointment of Non-Executive Independent
20/01/201117:13RAFIND - Newfunds Erafi(TM) SA Industrial 25 Index ETF - Distribution
20/01/201117:12 Nampak Limited - Directors` dealings in securities
20/01/201116:00INL/INP - Investec Limited/Investec plc - Block listing six monthly return
20/01/201114:12 Coronation Fund Managers Limited - Results of Annual General Meeting
20/01/201113:13 Nampak Limited - Amendment to the announcement of the allotment of shares
20/01/201112:53FCPD - Foord Compass Limited - Preliminary report for the year ended 31 December
20/01/201110:52 Harmony Gold Mining Company Ltd - Fatality at Bambanani Mine
20/01/201110:44 Bonatla Property Holdings Limited - Acquisition of Madeline Street and
20/01/201110:18 Famous Brands Limited - Dealings in securities
20/01/201110:15DBXUK - db x-trackers FTSE 100 ETF - Distribution announcement - six months
20/01/201110:14DBXEU - Db X-Trackers DJ Euro Stoxx 50 ETF - Distribution announcement - six
20/01/201110:13DBXJP - db x-trackers MSCI Japan Index ETF - Distribution announcement - Six
20/01/201110:12DBXWD - db x-trackers MSCI World Index ETF - Distribution announcement - six
20/01/201110:11DBXUS - db x-trackers MSCI USA Index ETF - Distribution announcement - Six
20/01/201109:44SCIB : TOPSKW - The Standard Bank Of South Africa Limited - Issue of knockout
20/01/201109:32 Ellies Holdings Limited - Unaudited interim results for the six months
20/01/201109:31 Hosken Consolidated Investments Limited - Fulfilment of conditions
20/01/201109:12 First Uranium Corporation - Secretary of Subsidiaries receiving stock
20/01/201108:47 Imuniti Holdings Limited - Shareholder Update and renewal of cautionary
20/01/201108:39 BSI Steel Limited - Director`s dealing in securities
20/01/201108:31 Colliers South Africa Holdings - Renewal of Cautionary Announcement
20/01/201108:00 Coronation Fund Managers Limited - Assets under management
20/01/201108:00 Woolworths Holdings Limited - Trading update, trading statement and
20/01/201108:00 Net1 - Net 1 UEPS Technologies, Inc. to Host Conference Call to Review
20/01/201107:10 Vox Telecom - Renewal of Cautionary announcement
20/01/201107:09 BHP Billiton Plc - BHP Billiton exploration and development report for the
20/01/201107:08 BHP Billiton Plc - BHP Billiton production report for the half year
20/01/201107:07 BHP Billiton Plc - BHP Billiton approves revised costs for Kipper and
20/01/201107:06 BHP Billiton Plc - Transaction in shares
20/01/201107:06 Nampak Limited - Sales of shares by an executive director and the company
20/01/201107:05 Nampak Limited - Allotment of shares to an executive director and the
20/01/201107:05 Capital Shopping Centres Group Plc - Publication of supplementary

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