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Welcome to the Sharenet Daily Equity Report
 Issue: 04 March 2011 20:00

Any bargains about?

With the JSE down a mere 2.2% from its recent high, you may think there are no more bargains about. But digging beneath the skin, we looked for shares from the top-100 that were consistant dividend and/or earnings-per-share growers and trading at more than 10% discount to recent highs:

The PVM column, where we rank shares' valuations by looking at their P/E, book value and price/sales ratios, shows that WBO and TRE are undervalued at this point. Whilst this list may possses shares with endearing qualities (consistant track records of dividends and earnings growth is good for yields and capital appreciation)the issue comes downt to timing your purchase. We believe this recent correction has bottomed out, so the tide is rising is your favour.

However the MA-TREND columns show that all but RES have crossed up through their 5-day moving average and TRU, CLS and TRE have just recently crossed their 10-day moving averages. Also, TRUE and TRE have just recently had their 5-day moving average cross up through their 10-day moving average. The DONCH columns show that TRU and CLS have just broken 5-day (1 week) resistance levels (new 5-day highs)whereas TRE is approaching a major resistance level.

TRU looks attractive as it is trading 12.4% below its recent high and displaying renewed strength, having booked 6 back-to-back advancing days in the last 2 weeks (Sin column). The amount each share is trading below recent highs is listed in the "HI" column.

For more innovative ways of looking at trading and investing opportunities in the market by combining funadamentals with technicals, see our JSE Share Watchlist demo videos on our Sharenet landing page.

Dwaine van Vuuren
PowerStocks Equity Research

Fri, 04 Mar 2011

South African bonds recorded further losses on Friday as rising oil prices and tensions in the Middle East stoked inflation concerns.  Full story
Zimbabwe's annual inflation will end the year at 4.5 percent, Finance Minister Tendai Biti said on Friday, reiterating that the economy would grow as much as 9.3 percent.  Full story
As head of the world's largest commodity trader, Ivan Glasenberg knows everything has a price, even his own closely guarded privacy.  Full story
Kenya's top insurer, Pan Africa Insurance Holdings, plans to grow its life insurance business by using brokers and to expand into south Sudan, its chief executive said on Friday.  Full story

Zimbabwe's annual inflation will end the year at 4.5 percent, Finance Minister Tendai Biti said on Friday, reiterating that the economy. . .  Full story
Revenue grew by 12.9% to R451.4 million (R399.7 million), while operating profit rose 8.6% to R34.9 million (R32.1 million). Profit for. . .  Full story
A ruling by South Africa's top court that lets lung-diseased miners sue their employers could cost the industry billions of dollars. . .  Full story
ArcelorMittal South Africa, a unit of the world's biggest steel maker, said on Friday it would raise prices for its flat. . .  Full story

Trading Statistics


Major Moves Up
SharenameSaleMove% MoveVolume
1 MERCHANT  50019966.11.%5000
2 ITLTILE  460409.52.%19016
3 METROFILE  198179.39.%19166
4 S-OCEAN  235167.31.%254528
5 SACOIL  230146.48.%7541526
6 CARGO  1075656.44.%195
7 ERBACON  12165.22.%5150
8 VILLAGE  210105.00.%7000
9 BWI  10543.96.%208800
10 SABVEST-N  800303.90.%701
11 PUTPROP  560203.70.%4900
12 AFRO-C  17163.64.%67609
13 NEDCOR  136654653.52.%1852228
14 TRNSHEX  27993.33.%4713
15 IMPERIAL  112853603.30.%1830452
16 KAP  22773.18.%5000
17 CADIZ  330103.13.%2285980
18 COAL  1031303.00.%253421
19 NASPERSN  4075111012.78.%2003462
20 WOOLIES  2775732.70.%1824971

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Major Moves Down
SharenameSaleMove% MoveVolume
1 DAWN  711-79-10.00.%91909
2 CLIENTELE  930-70-7.00.%494
3 HOSP-B  850-60-6.59.%104842
4 JUBILEE  319-19-5.62.%103835
5 ILIAD  700-40-5.41.%809525
6 KGMEDIA  1710-79-4.42.%110
7 PETMIN  306-9-2.86.%28369
8 ANOORAQ  919-25-2.65.%38486
9 ARCMITTAL  8631-220-2.49.%383371
10 ESORFRANK  161-4-2.42.%464255
11 PNR-FOODS  5461-134-2.39.%31759
12 ANGGOLD  33400-790-2.31.%1718659
13 HUGE  132-3-2.22.%30254
14 NUWORLD  2700-50-1.82.%600
15 ARB  329-6-1.79.%23400
16 CERAMIC  13750-250-1.79.%964
17 GROUP-5  2716-49-1.77.%107144
18 GBGOLD  1800-31-1.69.%1587
19 GFIELDS  12197-202-1.63.%1920690
20 SASFIN  3800-60-1.55.%7435

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New Highs
SharenameSaleHighMove% MoveVolume
1 MERCHANT  50050019966.11.%5000
2 ITLTILE  460460409.52.%19016
3 SACOIL  230248146.48.%7541526
4 SABVEST-N  800800303.90.%701
5 NASPERSN  407514089911012.78.%2003462
6 CAPCO  17801795372.12.%1166985
7 SASOL  3845039367-549-1.41.%3531066

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New Lows
SharenameSaleLowMove% MoveVolume
1 DAWN  711700-79-10.00.%91909
2 HOSP-B  850800-60-6.59.%104842
3 ILIAD  700620-40-5.41.%809525
4 ESORFRANK  161161-4-2.42.%464255
5 GROUP-5  27162716-49-1.77.%107144

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Spot Prices
NameTimeRPMove% Move
JSE Overall17:0032337.06-13.06-0.04%
JSE Top 4017:0029178.12-33.72-0.12%
JSE Gold17:002720.19-47.60-1.72%
JSE Financial17:0021171.7992.660.44%
JSE Industrial17:0031662.26111.850.35%
JSE Indust 2517:0026494.3298.090.37%
JSE Resource17:0059071.87-374.54-0.63%
DJ Futures19:5012070.00-169.00-1.38%
DJ Ind19:4512099.53-158.67-1.29%
SP 50019:301314.34-16.63-1.25%
FTSE 10018:355990.39-14.70-0.24%
All Ords07:434958.6055.801.14%
NZSE 5006:263418.1120.800.61%
NameTimeRPMove% Move
Gold/R kg20:003166527930.25%
Brent Crude19:56115.891.070.93%
Rand / Dollar19:586.8960-0.0194-0.28%
Rand / Pound19:5511.1687-0.0614-0.55%
Rand / Euro19:559.6367-0.0251-0.26%
Rand / NZD19:575.0821-0.0370-0.72%
Rand / AUD19:556.9750-0.0370-0.53%
Yen / Dollar19:5682.3200-0.0800-0.10%
Euro / Dollar19:550.7151-0.0010-0.14%
Dollar / Euro19:571.39790.00150.11%
Pound / Dollar19:550.61530.00110.18%

Click here for the Sharenet Spot Price page
Index Summary
Index NameRPMove% Move
Top 4029,178.12-33.72-0.12%
Mid Cap41,062.74192.190.47%
Small Cap31,822.19-4.30-0.01%
Resource 2059,071.87-374.54-0.63%
Industrial 2526,494.3298.090.37%
Financial 158,023.3644.130.55%
Financial & Ind. 3029,722.12124.010.42%
All Share32,337.06-13.06-0.04%
Oil & Gas 29,167.36-410.02-1.39%
Mining 38,703.82-199.09-0.51%
Gold Mining2,720.19-47.60-1.72%
Platinum Mining77.81-.35-0.45%
Oil & Gas Producers 15,682.75-220.46-1.39%
Basic Materials 32,568.33-149.74-0.46%
Chemicals 13,547.2649.030.36%
Forestry & Paper 14,275.7336.370.26%
Industrial Metals 30,622.592.610.01%
Industrials 27,620.50134.420.49%
General Industrials 76,823.17391.880.51%
Consumer Goods 26,053.7164.280.25%
Automobiles & Parts 3,
Household Goods158.2431.88%
Health Care 31,165.7713.880.04%
Beverages 80,474.82341.720.43%
Food Producers 47,086.75197.490.42%
Index NameRPMove% Move
Personal Goods 402.00-1.40-0.35%
Consumer Services 53,954.64886.211.67%
General Retailers 39,573.48371.660.95%
Travel & Leisure 3,773.20-22.45-0.59%
Media 89,539.522343.512.69%
Support Services 2,437.15-45.97-1.85%
Telecommunications 60,815.59-749.08-1.22%
Financials 21,171.7992.660.44%
Banks 39,076.05218.770.56%
Non-life Insurance 31,305.58412.241.33%
Life Insurance 16,088.4278.950.49%
General Financial 2,257.621.130.05%
Technology 20,558.70-18.05-0.09%
SHARIAH TOP40 3,319.30-21-0.63%
FTSE/JSE SHARIAH ALL3,364.55-20-0.58%
COAL MINING21,714.03-31-0.14%
FTSE JSE Fledgling 4,690.77521.13%
FTSE/JSE Alt X 1,047.13171.61%
RESOURCE 32,503.28-205-0.63%
DIVIDEND PLUS165.2110.47%
FTSE/JSE RAFI 406,783.3020.02%
Capped Top 4015,117.80-17-0.11%
Capped All Share16,234.80-8-0.05%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
05 Mar 2011SASFINDecember 2010 (Interim)
05 Mar 2011SASFIN-PDecember 2010 (Interim)
07 Mar 2011SASOLDecember 2010 (Interim)
07 Mar 2011SEPHAKUDecember 2010 (Interim)
08 Mar 2011AF - OVRDecember 2010 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
GRINDROD PREF11-02-2411-03-1111-03-22R 3.8600
LIB-HOLD11-02-2411-03-1711-03-28R 2.9100
EXXARO11-02-2411-04-0111-04-11R 3.0000
GRINDROD11-02-2411-03-1111-03-22R 0.2700
FORTRESSB11-02-2311-03-1111-03-22R 0.0604
Ex Div**
Share NameDec-DateLDTPay-DateAmount
HUDACO11-01-2811-03-0411-03-14R 2.3500
ASSORE11-02-1611-03-0411-03-14R 2.0000
SBRJSEP1110-12-1511-03-0411-03-15R 1.4100
DISTELL11-02-1611-03-0411-03-14R 1.2400
BATS11-02-2411-03-0411-05-05R 0.8100

Upcoming AGMs**
CodeCompany NameDateStatus
QPGQuantum Property Group Ltd08/03/2011Confirmed
PCNParacon Holdings Ltd08/03/2011Confirmed
PCNPParacon Holdings Ltd08/03/2011Confirmed
FWDFreeworld Coatings Ltd10/03/2011Confirmed

Stock Exchange News Service
04/03/201117:50 Steinhoff International Holdings Limited - Dealing in securities by
04/03/201117:50 Amalgamated Appliance Holdings Limited - Unaudited interim results for the
04/03/201117:47 Steinhoff - Dealing in securities by Director
04/03/201117:46 Steinhoff International Holdings Limited - Dealing in securities by
04/03/201117:15 Super Group Limited - Dealing in securities by super group share incentive
04/03/201117:11 Exxaro Resources Limited - Acceptance of conditional awards released in
04/03/201117:10 Trading of Exxaro ordinary shares on behalf of the Exxaro Resources
04/03/201117:09 Trading of Exxaro ordinary shares on behalf of the Exxaro Resources
04/03/201117:08 Exxaro Resources Limited - Dealings by a director of a major subsidiary of
04/03/201117:07 IFA Hotels & Resorts Limited - Changes to the board of Directors
04/03/201117:07RMHNIG - Nedbank - Adjustment to the terms and conditions of Nedbank Rand
04/03/201117:00 Datatec Limited - Further issue of shares
04/03/201116:56 AngloGold Ashanti - Dealings in securities by the Company Secretary of
04/03/201116:45 Bonatla - Update on Erf 109 Illovo Acquisition
04/03/201116:40 Intertrading Limited - Proposed acquisition of a 60% shareholding in
04/03/201116:30 Liberty Holdings Limited - Directors dealings in securities
04/03/201116:28 Efficient Group Limited - Trading statement for the 6 months ended 28
04/03/201116:10 Distell Group Limited - Dealing in securities by director of a major
04/03/201116:02 Basil Read Holdings Limited - Disposal of subsidiary
04/03/201115:53 Randgold & Exploration Company Limited - Trading statement
04/03/201115:49 AG Industries Limited - Update on status of AGI and renewal of cautionary
04/03/201115:47SCIB : BILSTG - The Standard Bank Of South Africa Limited - Dividend
04/03/201115:41 Aspen Pharmacare Holdings Limited - Appointment of company secretary
04/03/201115:27 Imuniti Holdings Limited - Specific and general issue of shares for cash
04/03/201115:18APKP - Dividend declaration in respect of 342.685 cents per non-redeemable,
04/03/201114:35 Excellerate Holdings Limited - Trading Statement
04/03/201114:31 Real Africa Holdings Limited - Renewal of cautionary announcement
04/03/201114:30SUI/GPL - Sun International/Grand Parade Investments Limited - Renewal of
04/03/201114:28 Sentula Mining Limited - Cautionary Announcement
04/03/201113:31 Distribution and Warehousing Network Limited - Trading Statement
04/03/201113:03 SacOil agrees farm in agreement with Total in respect of Block III and
04/03/201113:00 DiamondCorp plc - Appointment of Nominated Adviser
04/03/201112:58 Growthpoint Properties Limited - Announcement of distribution reinvestment
04/03/201112:56SCIB/NHMSIB - The Standard Bank of South Africa Limited - Dividend announcement
04/03/201112:25 BHP Billiton Plc - Transaction in shares
04/03/201112:21RTO/RTN/RTOP - Rex Trueform Clothing Company Limited - Unaudited interim group
04/03/201112:20AOO / AON / AOVP - African & Overseas Enterprises Limited - Unaudited interim
04/03/201111:11RMHIDD - Investec Bank Limited - Adjustment to the terms and conditions of
04/03/201110:55 ARB - Dealing in securities by an associate of directors
04/03/201110:37STAN40 - STANLIB Top 40 Fund - Distribution Announcement - Salient Dates
04/03/201110:36STANSX - STANLIB SWIX 40 FUND - Distribution announcement - salient dates
04/03/201110:24 Rainbow Chicken Limited - Dealing in securities by a director
04/03/201109:20 DRDGold Limited - Dealing in securities by a director
04/03/201109:10 MTN Group Limited - Trading Statement
04/03/201109:00 Redefine Properties International Limited - Subscription for Stapled
04/03/201108:00 Fountainhead Property Trust - Rights Offer Finalisation Announcement
04/03/201108:00GLD - NewGold Issuer Limited - Partial de-listing of Newgold debentures
04/03/201107:10 British American Tobacco p.l.c. - Transaction in own shares
04/03/201107:06SAL - Sallies Limited - Renewal of cautionary announcement
04/03/201107:05 First Uranium Corporation - First Uranium announces resignation of non-
04/03/201107:05 BHP Billiton Plc - Transaction in shares
04/03/201107:05 The Bidvest Group Limited - Partial sale of investment in Mumbai
04/03/201107:05- Sallies Limited - Reviewed consolidated results for the six months ended

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