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Welcome to the Sharenet Daily Equity Report
 Issue: 22 February 2011 20:00

A range of companies have reported results

Many companies have their year-end at the end of June or end of December. At this time of the year we have these companies reporting with their full year or interim results to the end of December.

Analysts will update their earnings models as results are released.

For investors it is also an opportunity to assess how much of the expected earnings are already priced into the market, or indeed how much the market is taken by surprise as earnings are released.

Looking at some of the companies that have announced results over the last few days:

Discovery Holdings reported interims to December with normalised headline earnings per share growing 25% to 169,5cents. The price has been flat for 2011 – currently at 3955c.

Shoprite reported its 6 month results today with diluted headline EPS up 13,6% to 236,8cents. Shoprite has a market capitalisation of R52 billion. The share price came back 70cents to 9580 and is down 4% for the year.

Investment holding company Brimstone reported annual results to December with diluted EPS up 8% to 146,9 cents. The net asset value per share fell to 643cents from 1030 cents mainly due to the unbundling of its interest in Life Healthcare. The share price has picked up 15,6% to its current 590 cents.

AECI reported headline EPS up for the full year to December from 346c to 577c – an increase of 67%. AECI is a R10 billion company – the share has been steadily moving up but is flat for the year.

Media company, Kagiso Media reported their interims to December with headline EPS up 30,5% to 98,8 cents. The share price is flat for the year at 1695cents.

Truworths reported interims with fully diluted headline EPS up 19%. The share price however is down 11% for the year to date to 6370c.

Wilson Bayly Holmes reported interims yesterday. These reflected diluted headline EPS down 19,2c to 676,3 cents. With the competition commission’s proposed investigation into anti-competitive behaviour in the construction industry and the results, the price is down 15% for the year.

Mondi announced full year results with headline EPS up 312% in euros to 47cents. The share price has been moving up firmly and for the year to date is up 5,5%.

OneLogix reported its interims with headline EPS from continuing operations up 72%. This is a relatively small company with a market cap R275 million. The price has been steadily climbing and is up 9% for the year.

Eqstra Holdings reported interim results with headline earnings per share turning from a loss of 21,1cents to a profit of 30,4 cents. The price is up just 1% for the year.


Cape Town

Seed is having a one hour presentation - 25 minutes on the market overview and 25 minutes on how to position your retirement portfolio. The presentation has been structured to allow enough time for questions and interaction.

Please contact Myrna if you would like to attend

Date: 1 March 2011
Time: 17:30 for 18:00
RSVP: 23 February 2011 myrna@seedinvestments.co.za
Venue: Belmont Square Conference Centre, Rondebosch, Cape Town


Ian de Lange
021 9144 966

Tue, 22 Feb 2011

South Africa's economic growth came in higher than expected in the fourth quarter, boosted by stronger growth in the mining and agricultural sectors, according to data released on Tuesday.  Full story
It takes a lot to get communists, unions and businessmen fighting from the same corner, especially in South Africa, but a new system of toll payments for motorways round Johannesburg has done just that.  Full story
South Africa will export 4 million tonnes of surplus maize to the world's biggest emerging markets but wants to ensure security of food supplies in southern Africa first, a minister said on Tuesday.  Full story

South Africa exported 24,297 tonnes of white maize last week compared with 102,234 tonnes in the previous week, the South African. . .  Full story
Net Income increased from R7 186 million to R8 740 million in 2010. Profit from operations increased to R1 244 million. . .  Full story
South Africa's rand weakened against the dollar on Tuesday and bonds followed suit as investors dumped riskier assets, partly due to. . .  Full story
Total turnover grew 9.4% from R33.139 billion to R36.259 billion. Operating profit was up 12.8% to R1.8 billion (R1.6 billion). Net. . .  Full story

Trading Statistics


Major Moves Up
SharenameSaleMove% MoveVolume
1 HCI  81903794.85.%29196
2 METAIR  1310604.80.%176937
3 AFEAGLE  17584.79.%571
4 NORTHAM  49991793.71.%336779
5 KGMEDIA  1695553.35.%11778
6 PAN-AF  12443.33.%2050730
7 METROFILE  19863.13.%591353
8 JASCO  13443.08.%33699
9 HUDACO  90002663.05.%35786
10 ONELOGIX  13942.96.%86791
11 LONAFRIC  19052.70.%69442
12 MIXTEL  12532.46.%252310
13 ELLIES   21252.42.%127170
14 BELL  1350302.27.%12640
15 S-OCEAN  23052.22.%21212
16 VERIMARK  14832.07.%4763
17 GLENMIB  19942.05.%128000
18 ANOORAQ  1070201.90.%2225
19 SENTULA  28551.79.%1135829
20 NICTUS  12021.69.%5000

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Major Moves Down
SharenameSaleMove% MoveVolume
1 KELLY  400-35-8.05.%22562
2 TRADEH  750-50-6.25.%2000
3 CROOKES  3600-225-5.88.%74
4 TRUWTHS  6330-349-5.23.%3707342
5 BLUETEL  550-30-5.17.%353651
6 HOSP-B  930-49-5.01.%8379761
7 ESORFRANK  186-9-4.62.%1619902
8 SOVFOOD  527-23-4.18.%11356
9 CBH  350-15-4.11.%13714
10 TFG  7900-338-4.10.%1907842
11 AFRO-C  166-6-3.49.%7712
12 HUGE  115-4-3.36.%20200
13 CLICKS  3950-130-3.19.%701274
14 PALCAP  275-9-3.17.%43977
15 CAPEVIN  8803-277-3.05.%12042
16 ARM   21490-661-2.98.%331670
17 MONDILTDP  6120-175-2.78.%344363
18 TRNSHEX  282-8-2.76.%13082
19 INVLTD  5440-153-2.74.%3769013
20 BIDVEST  15470-425-2.67.%2945822

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New Highs
SharenameSaleHighMove% MoveVolume
1 HUDACO  900090002663.05.%35786
2 NICTUS  12012021.69.%5000
3 SACOIL  19620821.03.%2814664
4 TREMATON  14114110.71.%6630
5 EHSV  93009849-100-1.06.%3287

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New Lows
SharenameSaleLowMove% MoveVolume
1 HOSP-B  930915-49-5.01.%8379761
2 MRHLD  28012792-74-2.57.%1159787
3 PPC  27802770-65-2.28.%1691660

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Spot Prices
NameTimeRPMove% Move
JSE Overall17:0232444.20-362.47-1.10%
JSE Top 4017:0029228.79-340.24-1.15%
JSE Gold17:002813.30-46.89-1.64%
JSE Financial17:0021379.48-265.55-1.23%
JSE Industrial17:0231775.91-494.25-1.53%
JSE Indust 2517:0026500.60-455.03-1.69%
JSE Resource17:0059085.74-376.39-0.63%
DJ Futures19:3012257.00-41.00-0.33%
DJ Ind19:4512235.38-155.87-1.26%
SP 50019:501321.14-21.87-1.63%
FTSE 10018:355996.76-18.04-0.30%
All Ords07:454947.30-43.60-0.87%
NZSE 5006:263358.71-23.23-0.69%
NameTimeRPMove% Move
Gold/R kg20:00321054-677-0.21%
Brent Crude19:56105.931.401.34%
Rand / Dollar19:587.14750.00750.11%
Rand / Pound19:5511.5080-0.0513-0.44%
Rand / Euro19:559.77250.00370.04%
Rand / NZD19:575.3539-0.0936-1.72%
Rand / AUD19:557.1498-0.0535-0.74%
Yen / Dollar19:5882.6800-0.4300-0.52%
Euro / Dollar19:550.73200.00110.15%
Dollar / Euro19:571.3652-0.0023-0.17%
Pound / Dollar19:550.61980.00380.62%

Click here for the Sharenet Spot Price page
Index Summary
Index NameRPMove% Move
Top 4029,228.79-340.24-1.15%
Mid Cap41,525.55-411.72-0.98%
Small Cap32,478.395.450.02%
Resource 2059,085.74-376.39-0.63%
Industrial 2526,500.60-455.03-1.69%
Financial 158,103.13-113.32-1.38%
Financial & Ind. 3029,826.21-481.72-1.59%
All Share32,444.20-362.47-1.10%
Oil & Gas 28,247.07-175.48-0.62%
Mining 38,896.38-248.42-0.63%
Gold Mining2,813.30-46.89-1.64%
Platinum Mining80.87-1.19-1.45%
Oil & Gas Producers 15,187.93-94.35-0.62%
Basic Materials 32,702.72-219.78-0.67%
Chemicals 13,567.8581.400.60%
Forestry & Paper 14,287.73-289.62-1.99%
Industrial Metals 30,304.16-243.72-0.80%
Industrials 28,373.76-429.16-1.49%
General Industrials 78,075.90-1444.11-1.82%
Consumer Goods 26,387.05-420.33-1.57%
Automobiles & Parts 2,966.44135.874.80%
Household Goods155.07-4-2.40%
Health Care 31,814.53-236.55-0.74%
Beverages 81,537.57-1841.86-2.21%
Food Producers 47,517.19-142.50-0.30%
Index NameRPMove% Move
Personal Goods 409.89-4.10-0.99%
Consumer Services 52,850.06-909.51-1.69%
General Retailers 38,793.39-1041.73-2.62%
Travel & Leisure 3,939.56-33.36-0.84%
Media 87,201.16-1526.01-1.72%
Support Services 2,544.95.800.03%
Telecommunications 60,721.87-1098.35-1.78%
Financials 21,379.48-265.55-1.23%
Banks 39,610.21-495.58-1.24%
Non-life Insurance 31,038.84-242.49-0.78%
Life Insurance 16,266.11-264.19-1.60%
General Financial 2,295.27-37.45-1.61%
Technology 20,280.95-243.79-1.19%
SHARIAH TOP40 3,315.95-29-0.85%
FTSE/JSE SHARIAH ALL3,368.95-28-0.82%
COAL MINING21,471.16-414-1.89%
FTSE JSE Fledgling 4,669.42-14-0.29%
FTSE/JSE Alt X 1,074.70-14-1.25%
CAPPED PROPERTY 303.62-0.66%
RESOURCE 32,509.06-207-0.63%
DIVIDEND PLUS166.90-3-1.48%
FTSE/JSE RAFI 406,813.75-85-1.23%
Capped Top 4015,158.84-196-1.27%
Capped All Share16,296.39-192-1.16%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
23 Feb 2011BRIMST-NDecember 2010 (Final)
23 Feb 2011BRIMSTONDecember 2010 (Final)
23 Feb 2011IMPERIALDecember 2010 (Interim)
23 Feb 2011IMPERIALPDecember 2010 (Interim)
23 Feb 2011IMPPDecember 2010 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
HUDACO11-01-2811-03-0411-03-14R 2.3500
CBH11-01-2711-05-0611-05-16R 0.1110
SBRJSEP1110-12-1511-03-0411-03-15R 1.4100
TFG PREF10-11-1611-03-1711-03-28R 0.0650
PARACON10-11-1511-03-0411-03-14R 0.1000
Ex Div**
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
DIALOGUE11-01-1311-02-1811-02-28R 0.1238

Upcoming AGMs**
CodeCompany NameDateStatus
KELKelly Group Ltd23/02/2011Unconfirmed
CULPCullinan Holdings Ltd25/02/2011Confirmed
CUP2Cullinan Holdings Ltd25/02/2011Confirmed
VOXVox Telecom Ltd25/02/2011Unconfirmed
CULCullinan Holdings Ltd25/02/2011Confirmed

Stock Exchange News Service
22/02/201117:33GEN - Freeworld Coatings - FTSE/JSE Africa Index Series
22/02/201117:32GEN - FTSE/JSE Africa Index - RMB Holdings Ltd (South Africa): Shares in issue
22/02/201117:09 JD Group Limited - Dealing in securities by a director
22/02/201117:00MND/MNP - Mondi - Notification of Major Interests in Shares
22/02/201117:00 Taste Holdings Limited - Dealings in securities
22/02/201117:00 Super Group Limited - Unaudited interim results for the six months ended
22/02/201116:30DGC - Digicore Holdings Limited - Dealing in securities by directors and/or
22/02/201116:25 RGT Smart Market Intelligence Limited - Appointment of independent non-
22/02/201116:00 WG Wearne Limited - Funding from the Industrial Development Corporation of
22/02/201115:44 RGT Smart Market Intelligence Limited - Amendment to salient dates of
22/02/201115:42 Control Instruments Group Limited - Trading statement
22/02/201115:22SCIB/BILSTG - The Standard Bank Of South Africa Limited - Dividend announcement
22/02/201115:01SHPIHC - Investec Warrants - Declared interim dividend announcement on Shoprite
22/02/201114:58SCIB : ANGSTE - The Standard Bank Of South Africa Limited - Dividend
22/02/201114:55SCIB: GFISTF - The Standard Bank Of South Africa Limited - Dividend announcement
22/02/201114:54SCIB: KIOSIB - The Standard Bank Of South Africa Limited - Dividend announcement
22/02/201114:53SCIB: ASASTE - The Standard Bank Of South Africa Limited - Dividend Announcement
22/02/201114:51SCIB: AMSSTE - The Standard Bank of South Africa Limited - Dividend announcement
22/02/201114:49SCIB: IMPSTE - The Standard Bank of South Africa Limited - Dividend announcement
22/02/201114:48SCIB : IMPSID - The Standard Bank Of South Africa Limited - Dividend
22/02/201114:47SCIB/ USDSCC - The Standard Bank Of South Africa Limited - Notice of expiry of
22/02/201114:46 Kelly Group Limited - Report on proceedings at Annual General Meeting
22/02/201114:45 Anglo American plc - Treasury shares - transfers
22/02/201114:44BIPS40 - Bips Top 40 - Distribution Announcement - Salient Dates
22/02/201114:42BIPINF - Bips Inflation-X - Distribution Announcement - Salient Dates
22/02/201114:13 Central Rand Gold Limited - South African cabinet meeting minutes
22/02/201114:00Wits Gold announces updated shallow resources at the DBM project
22/02/201113:37 Capitec Bank Holdings Limited - Dealing in Securities By A Director
22/02/201113:13EXT - Extract Resources Limited - Half Year Accounts
22/02/201112:21TRUIHC - Investec Warrants - Declared interim dividend announcement on Truworths
22/02/201112:00 AECI Limited - Announcement: results presentation
22/02/201111:28 Ellies Holdings Limited - Dealing in securities
22/02/201111:05 Vox Telecom - Results of Annual General Meeting
22/02/201110:21 Metair Investments Limited - Updated Trading Statement
22/02/201110:01 Discovery Holdings Limited - Humana to offer industry-leading vitality
22/02/201110:00 Discovery Holdings Limited - Unaudited interim results and cash dividend
22/02/201109:58SCIB/SBKSBJ - The Standard Bank Of South Africa Limited - Issue of stock
22/02/201109:57 Trematon Capital Investments Limited - Dealing in Securities by Director
22/02/201109:42 Kagiso Media - The appointment of Non-executive Director
22/02/201109:29 Mazor - Change of company secretary
22/02/201109:00 Pan African Resources plc - Interim results for the six months ended 31
22/02/201108:30 Shoprite Holdings - Results for the 6 months ended December 2010
22/02/201107:55 BHP Billiton Plc - BHP Billiton announces an off-market buy-back of
22/02/201107:46BRT/BRN - Brimstone - Reviewed results for the year ended 31 December 2010
22/02/201107:30 Simmer and Jack Mines Limited - Report for the three months ended 31
22/02/201107:19 BHP Billiton Plc - Fayetteville Acquisition Presentation
22/02/201107:10 Eqstra Holdings Limited - Standard & Poor`s Rating Agency ups Eqstra`s
22/02/201107:05 Pretoria Portland Cement Company Limited - Presentation to investors
22/02/201107:05 BHP Billiton Plc - Announces Acquisition of Chesapeake Energy
22/02/201107:05 AECI Limited - Reviewed condensed consolidated financial results for the
22/02/201107:05 Blue Label Telecoms Limited - Reviewed interim results for the half year

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