The Sharenet Daily 
Friday, 11 March 2011 - 20:00
Sharenet is pleased to announce the launch of our new publication, The Sharenet Daily. We have built on the success of our Daily Equity Report, while adding more content and helpful information. The result is a publication that gives readers a quick, easy to read and informative synopsis of market activity, company results and news on the JSE for the day, as well as an overview of what transpired on important overseas markets.

The Sharenet Daily includes helpful charts that give a graphical impression of events, and our news content is sourced from a number of contributors, including Reuters. In addition, Sharenet's popular price information is available in our Spot Price format which provides a snapshot of the JSE and world indices, currencies and commodities.

All the JSE trading statistics; major movers; latest dividends; upcoming AGM dates and more are provided to insure that you keep abreast of market developments. The Sharenet Daily is published at 8pm each day on the website and also distributed via email for your convenience. As always, we welcome your comments, feedback and suggestions at support@sharenet.co.za
 
Charts
News
Top News
Markets
SA Business
Company News
Company Results
World Markets
JSE Today
JSE Trading Statistics
Major Moves
Spot Prices
Index Summary
Latest Consensus Changes / Results Expected
Recent Dividends / Ex Div
Upcoming AGMs
Stock Exchange News Service (SENS)
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Charts
 
Fleeting moments in time...

The current earnings season coupled with the current correction are revealing brief moments in time to be savoured by those savvy investors in the know… Have a look at the chart below of BHP BILLITON, the largest diversified global mining company in the world, that just posted excellent results and is sitting on piles of cash, so much cash in fact that it is embarking on a share-buyback program.

BHP makes up about 13.2% of the FTSE/JSE Africa Index of 318 shares (the JSE), the largest contributor, next to ANGLO which is at 10.8% of the index. As such its daily gyrations and bull/bear trends have an enormous impact on the JSE TOP40 index.

The decline in BHP the last two weeks, has brought its historical price/earnings ratio (P/E) down to an astonishing 10.7x. The chart above shows blue shaded areas whenever BHP’s P/E visited below 12x which is demarcated by the horizontal green line. This valuation for BHP has occurred only 16.3% of the time over the last 15 years incorporating 3 bull markets and 2 bear markets. The lows reached by BHP yesterday have occurred a fleeting 10.7% of the time.

From an investors perspective, these fleeting moments all served as excellent buying opportunities. In fact, one could argue they catalogue the best 16% of the time to be investing in this counter. Oil spikes can come and go, brief economic slowdowns may visit from time to time – but the industrial revolutions in China and India will continue which will drive demand for iron-ore, coal, steel and all manner of minerals and resources mined by BHP. Sooner or later, valuations of BHP will become irresistible and the buyers will come back which will have a big impact on the JSE and Top40.

To see how to find many more such opportunities, visit our page on Sharenet for sample demos and videos or see us at www.powerstocks.co.za

Fri, 11 Mar 2011
Top News
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The South African rand steadied against the dollar on Friday, coming off session lows that were partly prompted by reported central bank buying of the U.S. currency.  Full story
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South African government debt traded lower on Friday but the rand showed some resilience in an uncertain global environment that saw commodity prices fall and investors refrain from holding risky assets.  Full story
A devastating tsunami triggered by the biggest earthquake on record in Japan killed at least 1,000 people along the northeastern coast on Friday after a wall of water swept away everything in its path.  Full story
Libyan rebels repelled a counter-offensive by leader Muammar Gaddafi's troop on Friday, but appealed to foreign powers to impose a no-fly zone to stop further attacks overrunning their three-week uprising.  Full story
A security clampdown in the Saudi capital kept a lid on a planned day of rage on Friday, while determined police action in neighbouring Kuwait and Bahrain appeared to deflate demonstrators' zeal.  Full story
 
Markets
Britain's top share index closed at its lowest level in three months on Friday after a huge earthquake in Japan knocked investors' confidence.. . .  Full story
Japan's massive earthquake and deadly tsunami pounded commodity and equity markets worldwide on Friday, while the yen rose on expectations that Tokyo will need. . .  Full story
Gold pushed higher on Friday as a major earthquake in Japan and unrest in the Middle East kept the metal underpinned, but a. . .  Full story
U.S. stocks edged lower on Friday after a massive earthquake hit Japan and a disappointing reading on consumer sentiment.. . .  Full story
European shares dropped to three-month lows on Friday reflecting an increase in risk aversion among investors after a massive earthquake in Japan and unrest. . .  Full story
Hong Kong shares fell on Friday, pushing them to a small weekly decline, as Asian markets saw a selloff in the afternoon after. . .  Full story
Gold defied weaker oil prices and gained on Friday after a major earthquake struck northeast Japan and lingering worries about further unrest in. . .  Full story
Japan's Nikkei average closed down 1.7 percent, hitting a 5-week low after a massive earthquake hit the northeast coast of Japan on Friday.. . .  Full story
SA Business
South Africa needs to double the rate of its economic growth in order to create jobs, Finance Minister Pravin Gordhan said on Thursday.. . .  Full story
Sberbank has snapped up Troika Dialog for $1 billion, giving the Russian savings bank dealmaking capacity and strengthening its hand in the country's huge. . .  Full story
South Africa's Wesizwe Platinum Ltd expects to kick off production at its new plant by 2017, with full output seen within. . .  Full story
Sberbank has snapped up brokerage Troika Dialog for $1 billion, stepping up the Russian savings bank's drive to build a global banking operation.. . .  Full story
Sberbank will buy brokerage Troika Dialog as it seeks to diversify away from its roots as the Soviet Union's savings bank and build. . .  Full story
Nigeria's stock exchange plans to create an index for fixed income securities by the end of the second quarter and plans to widen trading hours to attract more U.S. investors, its. . .  Full story
The Johannesburg Stock Exchange has warned companies to tighten procedures around announcing results after Reuters reported FirstRand results a day early when they appeared on a publicly available page on the. . .  Full story
Emerging markets investment bank Renaissance Capital aims to expand its African presence with a move into Egypt soon, possibly through an acquisition, its head for the region said on Thursday.. . .  Full story
Company News
In terms of the "Further Trading Statement" published on SENS on 18 October 2010, and the subsequent release of the unaudited. . .  Full story
Further to the posting of a circular to the Steinhoff shareholders dated 23 February 2011 relating to the proposed acquisition by. . .  Full story
Shareholders are referred to the cautionary announcements, the last of which was dated 28 January 2011, and are advised that discussions. . .  Full story
Shareholders are referred to the SENS announcement, dated 28 January 2011, wherein the company advised that it had been successful in. . .  Full story
Further to the interim cash dividend declared on 17 February 2011 and payable on 14 March 2011, notice of which was. . .  Full story
In compliance with section 3.59 of the Listings Requirements of the JSE Limited, notification is hereby given that Ansys has appointed. . .  Full story
On 10 February 2011 Aquarius announced an interim dividend for the half year ended 31 December 2010 of USD4 cents. The. . .  Full story
Anglo announced that 20 000 ordinary shares were transferred from treasury shares on 9 March 2011, in respect of the grant. . .  Full story
Company Results
Revenue increased by 11.5% to R220 million (R197.3 million) and EBITDA by 9.6% to R68.3 million (R62.3 million) whilst a new. . .  Full story
Revenue for the interim period decreased slightly to R1.846 billion (2009: R1.872 billion). Gross profit fell to R459.7 million (2009: R491.9. . .  Full story
Profit before taxation increased from R7 597 million to R9 272 million in 2010. Profit for the period increased to 6. . .  Full story
Mvelaserve's maiden interim results as a listed company showed revenue of R2.2 billion. Profit from operations amounted to R135.8 million and. . .  Full story
World Markets
NameTimeRPMove% Move
JSE Overall17:0031173.86274.920.89%
JSE Top 4017:0028070.66308.181.11%
JSE Gold17:002662.3047.811.83%
JSE Financial17:0020806.6382.210.40%
JSE Industrial17:0031161.03305.940.99%
JSE Indust 2517:0026123.82320.331.24%
JSE Resource17:0055309.21556.751.02%
DJ Futures19:4011960.0043.000.36%
DJ Ind19:1112011.8127.200.23%
SP 50019:501301.606.490.50%
Nasdaq19:502713.5212.500.46%
FTSE 10018:355828.67-16.62-0.28%
DAX19:006981.49-81.60-1.16%
CAC4018:463928.68-35.31-0.89%
Nikkei08:3610254.43-179.95-1.72%
Shanghai09:222935.61-22.55-0.76%
Hang-Seng10:2223249.78-365.11-1.55%
All Ords07:354734.80-56.50-1.18%
NZSE 5006:263382.84-23.39-0.69%
NameTimeRPMove% Move
Gold19:591420.189.150.65%
Gold/Rand19:589752.51-4.63-0.05%
Gold/R kg19:56313409-790-0.25%
Silver19:5935.8460.66601.89%
Platinum19:591776.5011.000.62%
Palladium19:59762.001.250.16%
R15715:067.86-.01-0.13%
R20415:068.70-.02-0.23%
Brent Crude19:56113.65-.28-0.25%
Rand / Dollar19:596.8721-0.0432-0.62%
Rand / Pound19:5510.9880-0.0839-0.76%
Rand / Euro19:559.5280-0.0164-0.17%
Rand / NZD19:585.10970.02380.47%
Rand / AUD19:556.95380.02300.33%
Yen / Dollar19:5781.9000-0.9900-1.19%
Euro / Dollar19:550.7202-0.0042-0.58%
Dollar / Euro19:591.38770.00770.56%
Pound / Dollar19:550.62270.00030.05%

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The JSE Today
 Trading Statistics
DateAdv.Decl.Unch.ActivesVolumeValueTradesOrders
11/03/201115320177431386,072,038R16,131,321,1081393592484282
10/03/20118528677448374,677,510R17,770,353,2021325572279036
09/03/201118415393430317,627,723R14,888,725,4381062661859686
08/03/20119724563405330,436,196R14,428,896,7091271752363397
07/03/201113820366407263,034,585R12,802,211,2001018161940149
Major Moves Up
SharenameSaleMove% MoveVolume
1 AFEAGLE  1954530.00.%949
2 GRANPRADE  290155.45.%212442
3 TFG  83143844.84.%525986
4 NASPERSN  4058517974.63.%2301255
5 PBT  12554.17.%22120
6 MONDILTDP  63352253.68.%521556
7 MTN  131384103.22.%5995003
8 REMGRO  108333333.17.%1180792
9 HARMONY  84402402.93.%1636857
10 NEDCOR  136333822.88.%1935128
11 ANGLOPLAT  6670117002.62.%658530
12 ANGGOLD  321997472.38.%1166165
13 BELL  1300302.36.%3246
14 UCS  22052.33.%237117
15 BRAIT  1900402.15.%1795499
16 IMPLATS  196124122.15.%3676221
17 GROUP-5  2703532.00.%65895
18 CLICKS  3805731.96.%2067556
19 SHOPRIT  97931761.83.%1247741
20 TRNSHEX  28051.82.%24576

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Major Moves Down
SharenameSaleMove% MoveVolume
1 CBH  310-30-8.82.%17100
2 PARACON  156-9-5.45.%172240
3 PALCAP  270-15-5.26.%91337
4 COAL  871-48-5.22.%432280
5 EASTPLATS  975-50-4.88.%89639
6 AFGRI  657-30-4.37.%555877
7 ANOORAQ  785-32-3.92.%78703
8 NORTHAM  4242-157-3.57.%738606
9 JUBILEE  314-11-3.38.%69942
10 PPC  2566-89-3.35.%1784154
11 KEATON   360-12-3.23.%22440
12 ELLIES   210-7-3.23.%12060
13 LITHA  240-8-3.23.%107082
14 ARB  310-10-3.13.%49100
15 INVICTA  4350-140-3.12.%15480
16 CADIZ  320-10-3.03.%177333
17 GBGOLD  1650-50-2.94.%8415
18 AFRIMAT  330-10-2.94.%39586
19 YORK  369-11-2.89.%344800
20 STEFSTOCK  1050-30-2.78.%100352

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New Highs
SharenameSaleHighMove% MoveVolume
1 AFEAGLE  1951954530.00.%949
2 RAINBOW  18201820201.11.%87604
3 CAPCO  17661850-5-0.28.%550813
4 ELBGROUP  17501800-5-0.28.%150794

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New Lows
SharenameSaleLowMove% MoveVolume
1 DAWN  690690-10-1.43.%797760
2 WITSGOLD  54204510-5-0.09.%4250
3 JASCO  1101010.35600
4 INVLTD  52275071170.33.%999339
5 STANBANK  973394431231.28.%5669772

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Index Summary
Index NameRPMove% Move
Top 4028,070.66308.181.11%
Industrial31,161.03305.940.99%
Mid Cap40,022.82-129.74-0.32%
Small Cap31,198.91-136.57-0.44%
Resource 2055,309.21556.751.02%
Industrial 2526,123.82320.331.24%
Financial 157,887.3448.160.61%
Financial & Ind. 3029,288.54329.621.14%
All Share31,173.86274.920.89%
Oil & Gas 27,424.77340.751.26%
Mining 36,215.91351.190.98%
Gold Mining2,662.3047.811.83%
Platinum Mining74.491.451.99%
Oil & Gas Producers 14,745.79183.211.26%
Basic Materials 30,552.36267.820.88%
Chemicals 13,051.54-146.64-1.11%
Forestry & Paper 13,829.26118.220.86%
Industrial Metals 29,439.03-154.52-0.52%
Industrials 26,717.3191.300.34%
General Industrials 73,599.95925.711.27%
Consumer Goods 25,201.52-42.68-0.17%
Automobiles & Parts 3,011.73.000.00%
Household Goods152.72-1-0.33%
Health Care 30,718.58-87.07-0.28%
Beverages 77,430.11123.020.16%
Food Producers 46,119.28-46.36-0.10%
Index NameRPMove% Move
Personal Goods 390.12-2.39-0.61%
Consumer Services 53,006.711284.352.48%
General Retailers 38,582.77461.371.21%
Travel & Leisure 3,650.91-38.11-1.03%
Media 89,040.203845.144.51%
Support Services 2,374.53-2.83-0.12%
Telecommunications 63,769.441743.192.81%
Financials 20,806.6382.210.40%
Banks 38,505.60362.230.95%
Non-life Insurance 30,335.62-824.46-2.65%
Life Insurance 15,909.9724.590.15%
General Financial 2,197.39-2.48-0.11%
Technology 20,246.95-33.30-0.16%
SHARIAH TOP40 3,161.32381.22%
FTSE/JSE SHARIAH ALL3,212.95351.09%
COAL MINING20,721.76-259-1.23%
FTSE JSE Fledgling 4,552.20-20-0.43%
FTSE/JSE Alt X 1,066.27-16-1.51%
SA LISTED PROPERTY 357.01-0.01%
CAPPED PROPERTY 298.28-0.06%
RESOURCE 30,433.313061.02%
DIVIDEND PLUS161.32-0-0.12%
FTSE/JSE RAFI 406,541.76560.87%
Capped Top 4014,616.981671.16%
Capped All Share15,687.581400.90%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
NEDNEDBANK GROUP LTDHOLD09 Mar
PAPPANGBOURNE PROPERTIES LIM...HOLD09 Mar
SBKSTANDARD BANK GROUP LIMIT...SELL09 Mar
AIPADCOCK INGRAM HLGS LDHOLD09 Mar
LHCLIFE HEALTHCARE GRP HLDG ...BUY09 Mar
Results Expected**
ExpectedCompany NameFin. Date
14 Mar 2011AVENGDecember 2010 (Interim)
14 Mar 2011BELLDecember 2010 (Final)
14 Mar 2011CLOVERDecember 2010 (Interim)
14 Mar 2011CLOVERPREFDecember 2010 (Interim)
15 Mar 2011EOHJanuary 2011 (Interim)
Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
AMAPS11-03-0411-03-2511-04-01R 0.0400
ASTRAPAKP11-03-0411-03-2511-04-04R 3.4269
SPURCORP11-03-0311-03-1711-03-28R 0.3300
STANBANK-P11-03-0311-03-2511-04-04R 3.3790
STANBANK6.511-03-0311-03-2511-04-04R 0.0325
Ex Div**
Share NameDec-DateLDTPay-DateAmount
ABSABANK-P11-02-1511-03-0411-03-14R 28.8760
KUMBA11-02-1011-03-1111-03-22R 21.0000
ANGLOPLAT11-02-0711-03-0411-03-14R 6.8300
GRINDROD PREF11-02-2411-03-1111-03-22R 3.8600
MASSMART11-02-2411-03-1111-03-22R 2.5200
Upcoming AGMs**
CodeCompany NameDateStatus
Stock Exchange News Service
DateTimeHeadline
11/03/201117:49 1time - Trading Statement
11/03/201117:45 Erbacon - Trading Statement
11/03/201117:40 Anglo American Plc - Anglo American Share Incentive Plan - SIP
11/03/201117:30 Steinhoff International Holdings Limited - Dealing in securities by
11/03/201117:00 Insimbi - Director`s nature of interest change
11/03/201116:31 Steinhoff International Holdings Limited - Results of general meeting
11/03/201116:03 Sappi Limited - Sappi announces pricing and results of its cash tender
11/03/201116:03GEN - General - Listings Requirements pertinent to Depository Receipts ("DRs")
11/03/201115:59PAP - Pangbourne Properties Limited - Acquisition by Capital of all Pangbourne
11/03/201115:16 Results of General Meeting: Revision of option to acquire remaining 49%
11/03/201115:13GEN - FTSE/ JSE Africa Index Series - Quarterly Review (Replacement
11/03/201115:08 Aspen Pharmacare Holdings Limited - Dealing in securities by director
11/03/201114:28 Firestone Energy Limited - Half-Year Financial Report 31 December 2010
11/03/201113:51 Rainbow Chicken Limited - Dealings in securities by a director of a major
11/03/201113:23 African Dawn Capital Limited - Further cautionary announcement
11/03/201113:11 SacOil Holdings Limited - Proposed transactions and salient dates and
11/03/201112:52 Tongaat Hulett - Executive Directors - Deferred Bonus Plan
11/03/201112:41GEN - Kansai - Announcement regarding revised timetable of Kansai`s offer to
11/03/201112:23RMHIDD - Investec Bank Limited - Adjustment to the terms and conditions of
11/03/201112:17TOPSKH - Standard Bank of South Africa Limited - Termination of Listing
11/03/201112:12 Africa Cellular Towers Limited - IDC Funding secured and withdrawal of the
11/03/201112:09 Southern Electricity Company Limited - Change of company secretary
11/03/201111:47FFA/FFB - Fortress Income Fund Limited - Dealing in Securities
11/03/201110:07 Standard Bank Group Limited - Proposed disposal of Standard Bank Group`s
11/03/201110:00 Impala Platinum Holdings Limited - Currency conversion interim cash
11/03/201109:55 Purple Capital Limited - Trading Statement
11/03/201109:27 Ansys Limited - Appointments to the board of directors
11/03/201109:00CLR / CLRP - Clover Industries Limited - Change to the board of directors
11/03/201108:56 BRC Diamondcore LTD - Withdrawal of cautionary announcement
11/03/201108:44 Aquarius Platinum Limited - Notice of dividend currency exchange rates -
11/03/201107:15 Anglo American plc - Treasury shares - Transfers
11/03/201107:10 British American Tobacco P.L.C - Transaction in own shares
11/03/201107:05 BHP Billiton Plc - Transaction in shares
11/03/201107:05 Lonmin Plc - Notification of major interest in shares

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