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.
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.
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
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