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

Mirror, mirror on the wall - who is the fairest of them all?

Well as far as the JSE is concerned this depends, but a big chunk of our subscribers hunt down reasonably valued income shares with fevour and such companies that have consistantly grown dividends for at least 5-10 years and are currently going at a discount to their recent highs are always a favourite. Our reporting system shows this screen is run the first thing every morning by 80% of our subscriber base, and just after a correction, or when we have issued some general market buy signals, the screen reaches fever pitch. This is what our subscribers would have seen yesterday...

The "HI" column shows discount to more recent highs. You can see some juicy numbers here like GRF down 21.5% and LEW down 13%. The "PVM" shows the PowerStocks Valuation metric which is a combination of the shares' P/E, Price/Book and Price/Sales numbers to derive a feeling for if the share is undervalued or overvalued. None of the shares above are overvalued and in fact GRF and TPC are undervalued. The historic dividend yields are not too shabby, with the average for the above group at 4.61% ("Yield" column.) Remember, these shares have not only demonstrated at least 5 years of consistanet dividend payments, but consistant dividend growth. So the 4.61% has a high degree of confidence. In fact the above group have consistantly grown dividends an average of 24.3% compound per annum!

In addition our research shows that those baskets of shares that have consistantly increased dividends for at least the last 5 years (10 reporting periods) comprehensively out-perform the general market from BOTH a capital gains and income perspective. (If you would like a sample of such research, then email us.)

The green encircled ticks in the "V" column are alerts that certain counters are displaying strong trough-reversal characteristics - an invitation to try your luck. The others may still have some downward momentum.

If this style of investing and trading appeals to you, come and see our 6-hour training and live tutorial in the Sharenet nationwide seminars or alternatively read more on our page on Sharenet.

Dwaine van Vuuren
PowerStocks Equities Research

Fri, 11 Feb 2011

South African blue-chip stocks ended a four-day losing streak on Friday, edging towards 2-1/2-year highs as commodity shares rallied, but corporate selling drove the rand to fresh five month lows on the dollar.  Full story
Shares of Gold Reef surged more than 8 percent after South African antitrust watchdog ruled the casino group would not have to sell a major asset to win approval for a $2.2 billion merger.  Full story
South Africa's rand extended losses against the dollar on Friday, touching fresh near-six month lows as escalating political turmoil in Egypt fanned a new wave of risk aversion globally.  Full story
South African President Jacob Zuma called on the government and private sector to create jobs, setting aside billions of dollars to create work in Africa's largest economy, hard-hit by chronic unemployment.  Full story

De Beers, the world's largest diamond producer, returned to a profit in 2010 as production rose 34 percent and diamond prices. . .  Full story
South Africa's rand fell to a one-week low against the dollar on Friday due to continued central bank dollar-buying although traders. . .  Full story
South Africa's rand fell more than 1.0 percent against the dollar on Thursday, hit by worse-than-expected local manufacturing data and tracking. . .  Full story
Anglo American's thermal coal unit is keen to expand its operations in South Africa and beyond, but is waiting for price. . .  Full story

Trading Statistics


Major Moves Up
SharenameSaleMove% MoveVolume
1 FAIRVEST  120109.09.%4670
2 GOLDREEF  17951156.85.%229955
3 MT-EGLE  1175756.82.%2417
4 TRNSHEX  260145.69.%32609
5 OPTIMUM  35401905.67.%15755
6 DELTA  1000505.26.%7799
7 ERBACON  13054.00.%1249
8 NICTUS  11043.77.%5000
9 ABSA  133754703.64.%1065172
10 URONE  47001603.52.%5760
11 CASHBIL  88992993.48.%40000
12 TRENCOR  36001203.45.%260310
13 SASOL  3825012693.43.%1885754
14 ANGLOPLAT  7286023603.35.%564453
15 IMPLATS  219406903.25.%2992841
16 AMECOR  16553.13.%25000
17 NEDCOR  131983983.11.%1181400
18 AQUARIUS  47911392.99.%73383
19 ANGLO  3930011212.94.%4244549
20 FIRSTRAND  1945522.75.%12226589

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Major Moves Down
SharenameSaleMove% MoveVolume
1 ARB  320-25-7.25.%43619
2 NUWORLD  2650-149-5.32.%51
3 MAS  900-50-5.26.%1006
4 PARACON  172-8-4.44.%185745
5 ESORFRANK  190-8-4.04.%48872
6 BASREAD  1063-37-3.36.%500880
7 RANGOLD  300-10-3.23.%62649
8 BELL  1400-45-3.11.%46017
9 JSE  7640-242-3.07.%544997
10 AFRO-C  160-5-3.03.%17223
11 CBH  350-10-2.78.%15526
12 YORK  360-10-2.70.%80373
13 HULAMIN  818-22-2.62.%271679
14 OMNIA  7401-199-2.62.%1080
15 WESCOAL  112-3-2.61.%139500
16 ADCORP  2650-62-2.29.%120956
17 PSG  4020-90-2.19.%55311
18 CMH  1350-30-2.17.%19170
19 EHSV  8950-177-1.94.%87113
20 VILLAGE  206-4-1.90.%2500

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New Highs
SharenameSaleHighMove% MoveVolume
1 SASOL  382503825012693.43.%1885754
2 SABMILLER  24750247586002.48.%2059673
3 ARM   23150231505502.43.%445037
4 WINHOLD  18319021.10.%64929
5 TREMATON  13513510.75.%20000

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New Lows
SharenameSaleLowMove% MoveVolume
1 BASREAD  10631035-37-3.36.%500880
2 BWI  110109-2-1.79.%2113828
3 GROUP-5  30572940-28-0.91.%203234
4 CLOVER  10501000-5-0.47.%956259

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Spot Prices
NameTimeRPMove% Move
JSE Overall17:0032954.33544.851.68%
JSE Top 4017:0029813.43565.921.93%
JSE Gold17:002644.3243.531.67%
JSE Financial17:0021443.34247.801.17%
JSE Industrial17:0031989.02453.841.44%
JSE Indust 2517:0026739.59446.031.70%
JSE Resource17:0060868.481272.692.14%
DJ Futures20:0012210.0016.000.13%
DJ Ind19:1512226.98-2.31-0.02%
SP 50019:461325.793.920.30%
FTSE 10018:356062.9042.890.71%
All Ords07:364970.60-31.10-0.62%
NZSE 5006:263367.441.570.05%
NameTimeRPMove% Move
Gold/R kg20:0031789515990.51%
Brent Crude19:56100.06-1.06-1.05%
Rand / Dollar19:597.29220.02220.31%
Rand / Pound19:5511.6393-0.0333-0.29%
Rand / Euro19:559.8600-0.0311-0.31%
Rand / NZD19:585.53470.00490.09%
Rand / AUD19:557.29380.00460.06%
Yen / Dollar19:5983.52000.21000.25%
Euro / Dollar19:550.73930.00420.57%
Dollar / Euro19:541.3520-0.0078-0.57%
Pound / Dollar19:550.62470.00360.58%

Click here for the Sharenet Spot Price page
Index Summary
Index NameRPMove% Move
Top 4029,813.43565.921.93%
Mid Cap41,127.34112.360.27%
Small Cap32,298.33-83.23-0.26%
Resource 2060,868.481272.692.14%
Industrial 2526,739.59446.031.70%
Financial 158,135.90120.411.50%
Financial & Ind. 3030,099.91508.881.72%
All Share32,954.33544.851.68%
Oil & Gas 28,992.99960.183.43%
Mining 40,088.76767.011.95%
Gold Mining2,644.3243.531.67%
Platinum Mining82.552.553.19%
Oil & Gas Producers 15,588.99516.273.43%
Basic Materials 33,608.29622.661.89%
Chemicals 13,491.45-12.56-0.09%
Forestry & Paper 14,151.26144.551.03%
Industrial Metals 30,272.71484.811.63%
Industrials 28,556.62232.690.82%
General Industrials 78,242.721071.861.39%
Consumer Goods 27,062.98380.491.43%
Automobiles & Parts 2,830.57.000.00%
Household Goods158.8832.00%
Health Care 31,466.2825.790.08%
Beverages 84,575.452050.312.48%
Food Producers 47,699.3394.350.20%
Index NameRPMove% Move
Personal Goods 417.081.200.29%
Consumer Services 51,771.03925.371.82%
General Retailers 37,161.51369.581.00%
Travel & Leisure 4,020.7513.190.33%
Media 87,341.732185.662.57%
Support Services 2,520.24-25.23-0.99%
Telecommunications 61,637.001250.612.07%
Financials 21,443.34247.801.17%
Banks 39,968.231007.312.59%
Non-life Insurance 30,490.81-63.05-0.21%
Life Insurance 16,166.2572.370.45%
General Financial 2,300.95-10.95-0.47%
Technology 21,065.05179.020.86%
SHARIAH TOP40 3,405.74702.10%
FTSE/JSE SHARIAH ALL3,452.07661.95%
COAL MINING22,185.116222.88%
FTSE JSE Fledgling 4,648.24-4-0.08%
FTSE/JSE Alt X 1,105.6120.16%
CAPPED PROPERTY 304.57-0.19%
RESOURCE 33,488.077002.14%
DIVIDEND PLUS166.9110.60%
FTSE/JSE RAFI 406,899.121191.75%
Capped Top 4015,406.822991.98%
Capped All Share16,525.322771.71%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
14 Feb 2011GROUP 5December 2010 (Interim)
15 Feb 2011CLIENTELEDecember 2010 (Interim)
15 Feb 2011HULAMINDecember 2010 (Final)
15 Feb 2011HULAMINADecember 2010 (Final)
15 Feb 2011HULAMINBDecember 2010 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
FIRSTRANDB-P11-02-0311-02-1811-02-28R 3.1355
CAPITAL11-02-0311-02-1811-02-28R 0.3178
REDEFINE11-02-0211-02-1811-02-28R 0.1500
HUDACO11-01-2811-03-0411-03-14R 2.3500
CBH11-01-2711-05-0611-05-16R 0.1110
Ex Div**
Share NameDec-DateLDTPay-DateAmount
FOORDCMPS11-01-2011-02-0411-02-14R 0.5385
WINHOLD10-11-2911-02-1111-02-21R 0.1000
UCS10-11-2311-02-0411-02-14R 0.0500
TREMATON10-11-0911-02-1111-02-21R 0.0150

Upcoming AGMs**
CodeCompany NameDateStatus
ANDAndulela Investment Holdings Ltd11/02/2011Unconfirmed
SKYSea Kay Holdings Ltd11/02/2011Confirmed
ANDPAndulela Investment Holdings Ltd11/02/2011Unconfirmed
SPPThe SPAR Group Ltd14/02/2011Confirmed
TBSTiger Brands Ltd15/02/2011Confirmed

Stock Exchange News Service
11/02/201117:10 Capital Shopping Centres Group Plc - Block listing six monthly return
11/02/201116:30 Sanyati Holdings Limited - Change to the board of directors
11/02/201116:09 William Tell Holdings Limited - Update on upcoming general meeting to be
11/02/201116:07 Stratcorp Limited - Changes to the board
11/02/201116:00 Hosken Consolidated Investments Limited - Fulfilment of conditions
11/02/201116:00 Gold Reef Resorts Limited - Competition tribunal approval received in the
11/02/201115:35 Uranium One Inc - Uranium One Names Scott Melbye as executive vice
11/02/201115:29 Argent Industrial Limited - Dealing in securities by director
11/02/201115:25 Sea Kay Holdings Limited - Results of the annual general meeting
11/02/201115:11 Oceana Group Limited - Resignation of director
11/02/201115:05 Resilient - Dealing in securities
11/02/201114:53 African Rainbow Minerals Limited - Clarification further to the Anglo
11/02/201114:00 Wesizwe Platinum Limited - Notice of annual general meeting and posting of
11/02/201113:03 Brikor Limited - Proposed sales of assets and further cautionary
11/02/201112:55 Poynting Holdings Limited - Cautionary Announcement
11/02/201112:01 Dialogue Group Holdings Limited - Disposal of Continuitysa (Proprietary)
11/02/201112:00THEE - The Competition Commission - Competition Tribunal approves casino
11/02/201112:00 Group Five Limited - Revised trading update
11/02/201112:00BBET40 - Bettabeta Equally Weighted Top 40 Exchange Traded Fund Collective
11/02/201111:45 Metorex Limited - Trading Statement
11/02/201111:34CULP - Cullinan Holdings Limited - Preference dividend No. 129
11/02/201111:11SCIB - The Standard Bank Of South Africa Limited - Issue of stock warrants
11/02/201111:06TRE/MOB - Trencor/Mobile - Trading Statement
11/02/201110:23 Hulamin Limited - Revised trading statement for the year ended 31 December
11/02/201110:04 Oceana - Results of the annual general meeting of Oceana shareholders
11/02/201109:24SHP - Shoprite Holdings Limited - Declaration of preference dividends
11/02/201109:16 Anglo American plc - De Beers Leads Diamond Recovery with Strong Sales
11/02/201109:16 Anglo American plc - Anglo American plc notification: De Beers Societe
11/02/201108:56 Grand Parade Investments Limited - Changes to the board of Directors
11/02/201108:30THEE - The Competition Commission - Tsogo Holdings and Gold Reef merger decision
11/02/201108:00DEUT - Deutsche Bank AG - Issue of new Index Equity WAVEs
11/02/201107:15 Anglo American plc - Treasury Shares - Transfers
11/02/201107:05 BHP Billiton Plc - Transaction in shares

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