Daily Equity Report |
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Welcome to the Sharenet Daily Equity Report
Issue: 04 March 2011 20:00
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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
www.powerstocks.co.za
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 |
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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 storyAs head of the world's largest
commodity trader, Ivan Glasenberg knows everything has a price,
even his own closely guarded privacy. Full storyKenya'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
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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04/03/2011 | 212 | 145 | 68 | 425 | 369,423,987 | R12,659,542,352 | 108879 | 2103087 | 03/03/2011 | 208 | 133 | 63 | 404 | 238,755,500 | R12,259,168,654 | 93985 | 1972016 | 02/03/2011 | 110 | 228 | 65 | 403 | 233,511,730 | R13,028,991,190 | 101999 | 2030408 | 01/03/2011 | 136 | 208 | 80 | 424 | 270,265,656 | R14,306,163,279 | 115778 | 2224548 | 28/02/2011 | 241 | 127 | 75 | 443 | 307,149,484 | R14,219,524,879 | 120654 | 2389227 |
Spot Prices Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 32337.06 | -13.06 | -0.04% | JSE Top 40 | 17:00 | 29178.12 | -33.72 | -0.12% | JSE Gold | 17:00 | 2720.19 | -47.60 | -1.72% | JSE Financial | 17:00 | 21171.79 | 92.66 | 0.44% | JSE Industrial | 17:00 | 31662.26 | 111.85 | 0.35% | JSE Indust 25 | 17:00 | 26494.32 | 98.09 | 0.37% | JSE Resource | 17:00 | 59071.87 | -374.54 | -0.63% | DJ Futures | 19:50 | 12070.00 | -169.00 | -1.38% | DJ Ind | 19:45 | 12099.53 | -158.67 | -1.29% | SP 500 | 19:30 | 1314.34 | -16.63 | -1.25% | Nasdaq | 19:30 | 2770.44 | -28.30 | -1.01% | FTSE 100 | 18:35 | 5990.39 | -14.70 | -0.24% | DAX | 19:00 | 7178.90 | -47.06 | -0.65% | CAC40 | 18:46 | 4020.21 | -29.74 | -0.73% | Nikkei | 08:26 | 10693.66 | 107.64 | 1.02% | Shanghai | 09:26 | 2942.17 | 38.34 | 1.32% | Hang-Seng | 10:32 | 23408.86 | 286.44 | 1.24% | All Ords | 07:43 | 4958.60 | 55.80 | 1.14% | NZSE 50 | 06:26 | 3418.11 | 20.80 | 0.61% |
| | Name | Time | RP | Move | % Move | Gold | 19:58 | 1428.25 | 12.91 | 0.91% | Gold/Rand | 20:00 | 9849.21 | 58.46 | 0.60% | Gold/R kg | 20:00 | 316652 | 793 | 0.25% | Silver | 19:58 | 35.2200 | 1.0300 | 3.01% | Platinum | 19:58 | 1831.00 | 13.75 | 0.76% | Palladium | 19:58 | 805.00 | -5.50 | -0.68% | R157 | 17:06 | 7.85 | .11 | 1.42% | R204 | 17:06 | 8.66 | .11 | 1.29% | Brent Crude | 19:56 | 115.89 | 1.07 | 0.93% | Rand / Dollar | 19:58 | 6.8960 | -0.0194 | -0.28% | Rand / Pound | 19:55 | 11.1687 | -0.0614 | -0.55% | Rand / Euro | 19:55 | 9.6367 | -0.0251 | -0.26% | Rand / NZD | 19:57 | 5.0821 | -0.0370 | -0.72% | Rand / AUD | 19:55 | 6.9750 | -0.0370 | -0.53% | Yen / Dollar | 19:56 | 82.3200 | -0.0800 | -0.10% | Euro / Dollar | 19:55 | 0.7151 | -0.0010 | -0.14% | Dollar / Euro | 19:57 | 1.3979 | 0.0015 | 0.11% | Pound / Dollar | 19:55 | 0.6153 | 0.0011 | 0.18% |
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Click here for the Sharenet Spot Price page
Index Summary Index Name | RP | Move | % Move | Top 40 | 29,178.12 | -33.72 | -0.12% | Industrial | 31,662.26 | 111.85 | 0.35% | Mid Cap | 41,062.74 | 192.19 | 0.47% | Small Cap | 31,822.19 | -4.30 | -0.01% | Resource 20 | 59,071.87 | -374.54 | -0.63% | Industrial 25 | 26,494.32 | 98.09 | 0.37% | Financial 15 | 8,023.36 | 44.13 | 0.55% | Financial & Ind. 30 | 29,722.12 | 124.01 | 0.42% | All Share | 32,337.06 | -13.06 | -0.04% | Oil & Gas | 29,167.36 | -410.02 | -1.39% | Mining | 38,703.82 | -199.09 | -0.51% | Gold Mining | 2,720.19 | -47.60 | -1.72% | Platinum Mining | 77.81 | -.35 | -0.45% | Oil & Gas Producers | 15,682.75 | -220.46 | -1.39% | Basic Materials | 32,568.33 | -149.74 | -0.46% | Chemicals | 13,547.26 | 49.03 | 0.36% | Forestry & Paper | 14,275.73 | 36.37 | 0.26% | Industrial Metals | 30,622.59 | 2.61 | 0.01% | Industrials | 27,620.50 | 134.42 | 0.49% | General Industrials | 76,823.17 | 391.88 | 0.51% | Consumer Goods | 26,053.71 | 64.28 | 0.25% | Automobiles & Parts | 3,000.41 | .00 | 0.00% | Household Goods | 158.24 | 3 | 1.88% | Health Care | 31,165.77 | 13.88 | 0.04% | Beverages | 80,474.82 | 341.72 | 0.43% | Food Producers | 47,086.75 | 197.49 | 0.42% |
| | Index Name | RP | Move | % Move | Personal Goods | 402.00 | -1.40 | -0.35% | Consumer Services | 53,954.64 | 886.21 | 1.67% | General Retailers | 39,573.48 | 371.66 | 0.95% | Travel & Leisure | 3,773.20 | -22.45 | -0.59% | Media | 89,539.52 | 2343.51 | 2.69% | Support Services | 2,437.15 | -45.97 | -1.85% | Telecommunications | 60,815.59 | -749.08 | -1.22% | Financials | 21,171.79 | 92.66 | 0.44% | Banks | 39,076.05 | 218.77 | 0.56% | Non-life Insurance | 31,305.58 | 412.24 | 1.33% | Life Insurance | 16,088.42 | 78.95 | 0.49% | General Financial | 2,257.62 | 1.13 | 0.05% | Technology | 20,558.70 | -18.05 | -0.09% | SHARIAH TOP40 | 3,319.30 | -21 | -0.63% | FTSE/JSE SHARIAH ALL | 3,364.55 | -20 | -0.58% | COAL MINING | 21,714.03 | -31 | -0.14% | FTSE JSE Fledgling | 4,690.77 | 52 | 1.13% | FTSE/JSE Alt X | 1,047.13 | 17 | 1.61% | SA LISTED PROPERTY | 361.69 | | 0.01% | CAPPED PROPERTY | 304.14 | | 0.19% | RESOURCE | 32,503.28 | -205 | -0.63% | DIVIDEND PLUS | 165.21 | 1 | 0.47% | FTSE/JSE RAFI 40 | 6,783.30 | 2 | 0.02% | Capped Top 40 | 15,117.80 | -17 | -0.11% | Capped All Share | 16,234.80 | -8 | -0.05% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | EMI | EMIRA PROPERTY FUND | HOLD | 02 Mar | FSR | FIRSTRAND LIMITED | BUY | 02 Mar | NED | NEDBANK GROUP LTD | HOLD | 02 Mar | PAP | PANGBOURNE PROPERTIES LIM... | HOLD | 02 Mar | SBK | STANDARD BANK GROUP LIMIT... | SELL | 02 Mar |
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Results Expected** Expected | Company Name | Fin. Date | 05 Mar 2011 | SASFIN | December 2010 (Interim) | 05 Mar 2011 | SASFIN-P | December 2010 (Interim) | 07 Mar 2011 | SASOL | December 2010 (Interim) | 07 Mar 2011 | SEPHAKU | December 2010 (Interim) | 08 Mar 2011 | AF - OVR | December 2010 (Interim) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | GRINDROD PREF | 11-02-24 | 11-03-11 | 11-03-22 | R 3.8600 | LIB-HOLD | 11-02-24 | 11-03-17 | 11-03-28 | R 2.9100 | EXXARO | 11-02-24 | 11-04-01 | 11-04-11 | R 3.0000 | GRINDROD | 11-02-24 | 11-03-11 | 11-03-22 | R 0.2700 | FORTRESSB | 11-02-23 | 11-03-11 | 11-03-22 | R 0.0604 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | HUDACO | 11-01-28 | 11-03-04 | 11-03-14 | R 2.3500 | ASSORE | 11-02-16 | 11-03-04 | 11-03-14 | R 2.0000 | SBRJSEP11 | 10-12-15 | 11-03-04 | 11-03-15 | R 1.4100 | DISTELL | 11-02-16 | 11-03-04 | 11-03-14 | R 1.2400 | BATS | 11-02-24 | 11-03-04 | 11-05-05 | R 0.8100 |
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Upcoming AGMs** Code | Company Name | Date | Status | QPG | Quantum Property Group Ltd | 08/03/2011 | Confirmed | PCN | Paracon Holdings Ltd | 08/03/2011 | Confirmed | PCNP | Paracon Holdings Ltd | 08/03/2011 | Confirmed | FWD | Freeworld Coatings Ltd | 10/03/2011 | Confirmed |
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