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 email@example.com
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
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. . .
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. . .
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.. . .
|JSE Top 40||17:00||28070.66||308.18||1.11%|
|JSE Indust 25||17:00||26123.82||320.33||1.24%|
|Rand / Dollar||19:59||6.8721||-0.0432||-0.62%|
|Rand / Pound||19:55||10.9880||-0.0839||-0.76%|
|Rand / Euro||19:55||9.5280||-0.0164||-0.17%|
|Rand / NZD||19:58||5.1097||0.0238||0.47%|
|Rand / AUD||19:55||6.9538||0.0230||0.33%|
|Yen / Dollar||19:57||81.9000||-0.9900||-1.19%|
|Euro / Dollar||19:55||0.7202||-0.0042||-0.58%|
|Dollar / Euro||19:59||1.3877||0.0077||0.56%|
|Pound / Dollar||19:55||0.6227||0.0003||0.05%|
Click here for the Sharenet Spot Price page
The JSE Today
|Index Name||RP||Move||% Move|
|Financial & Ind. 30||29,288.54||329.62||1.14%|
|Oil & Gas ||27,424.77||340.75||1.26%|
|Oil & Gas Producers ||14,745.79||183.21||1.26%|
|Basic Materials ||30,552.36||267.82||0.88%|
|Forestry & Paper ||13,829.26||118.22||0.86%|
|Industrial Metals ||29,439.03||-154.52||-0.52%|
|General Industrials ||73,599.95||925.71||1.27%|
|Consumer Goods ||25,201.52||-42.68||-0.17%|
|Automobiles & Parts ||3,011.73||.00||0.00%|
|Health Care ||30,718.58||-87.07||-0.28%|
|Food Producers ||46,119.28||-46.36||-0.10%|
|Index Name||RP||Move||% Move|
|Personal Goods ||390.12||-2.39||-0.61%|
|Consumer Services ||53,006.71||1284.35||2.48%|
|General Retailers ||38,582.77||461.37||1.21%|
|Travel & Leisure ||3,650.91||-38.11||-1.03%|
|Support Services ||2,374.53||-2.83||-0.12%|
|Non-life Insurance ||30,335.62||-824.46||-2.65%|
|Life Insurance ||15,909.97||24.59||0.15%|
|General Financial ||2,197.39||-2.48||-0.11%|
|SHARIAH TOP40 ||3,161.32||38||1.22%|
|FTSE/JSE SHARIAH ALL||3,212.95||35||1.09%|
|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%|
|FTSE/JSE RAFI 40||6,541.76||56||0.87%|
|Capped Top 40||14,616.98||167||1.16%|
|Capped All Share||15,687.58||140||0.90%|
Click here for the Sharenet Index Summary page
Latest Consensus Changes**
|NED||NEDBANK GROUP LTD||HOLD||09 Mar|
|PAP||PANGBOURNE PROPERTIES LIM...||HOLD||09 Mar|
|SBK||STANDARD BANK GROUP LIMIT...||SELL||09 Mar|
|AIP||ADCOCK INGRAM HLGS LD||HOLD||09 Mar|
|LHC||LIFE HEALTHCARE GRP HLDG ...||BUY||09 Mar||
|Expected||Company Name||Fin. Date|
|14 Mar 2011||AVENG||December 2010 (Interim)|
|14 Mar 2011||BELL||December 2010 (Final)|
|14 Mar 2011||CLOVER||December 2010 (Interim)|
|14 Mar 2011||CLOVERPREF||December 2010 (Interim)|
|15 Mar 2011||EOH||January 2011 (Interim)|
|GRINDROD PREF||11-02-24||11-03-11||11-03-22||R 3.8600|
Stock Exchange News Service
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