 |
Friday, 25 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
Picking from the cookie jar...
The correction we seem to be recovering from was over 10%. The JSE has recovered some 5% since the last bout of panic selling on the 15th March. There are still many bargains about however. Let us find the following as at Thursday 25th March:
1. Largest 100 shares on the JSE that are
2. Reasonably valued and
3. Going for more than 10% discount to their recent highs, and
4. Displaying strong signs of recovery according to
4.1 recent 5 and 10-day moving average crossovers,
4.2 recent 1 and 2-week resistance breakouts
4.3 the emergence of back-to-back advancing days.
This seems a complex search, but with three mouse clicks we get the list below:
RMH recently restructured its shareholding, so ignore that. The list is sorted by discount from recent highs ("HI" column). BIL is at a historically low P/E of 11 and a favourite of ours. But we also like LEWIS as it is a consistent dividend payer and the 4.6% yield is almost a dead-cert. LEW is going at a 12.1% discount to its recent highs, despite having risen 6.7% ("5D" column) in the last 5 days. LEW is colored red as our systems deem it to be the best opportunity, followed by the shares coloured in green. FPT is a consistent revenue growth, earnings-per-share growth and dividend payer but remember it's a property stock and the 8.7% yield is thus taxable.
If you like this approach to intellegent stock picking and timing, come see us at our next seminar or see our videos at www.powerstocks.co.za
Fri, 25 Mar 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-03-25T134937Z_01_AJOE72O12ER00_RTROPTP_3_OZABS-SAFRICA-RAND-20110325.JPG "A BANK TELLER LOOKS AT 50 AND 100 SOUTH AFRICAN RAND NOTES.") South Africa's rand touched a 1-1/2 week high against the dollar on Friday, lifted by increased risk appetite and the appointment of respected Treasury director Lesetja Kganyago as a deputy governor of the central bank. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-03-25T125252Z_01_AJOE72O0ZS700_RTROPTP_3_OZABS-ARCELORMITTAL-20110325.JPG "The logo of the ArcelorMittal's steel plant is seen on the site of Fos-sur-Mer near Marseille") ArcelorMittal South Africa said it expected arbitration proceedings relating to its stake in Kumba Iron Ore's Sishen mine to be heard early next year. Full story |
 Western warplanes bombed Muammar Gaddafi's armour in eastern Libya on Friday to try to break a battlefield stalemate and help rebels take the strategic town of Ajdabiyah. Full story  Radiation fears escalated in Japan on Friday after workers suffered burns as they tried to cool an earthquake-crippled nuclear power station, while the government sowed confusion over whether it was widening an evacuation zone around the plant. Full story  President Ali Abdullah Saleh said on Friday he was ready to cede power to stop more bloodshed in Yemen but only to what he called "safe hands" as tens of thousands rallied against him in "Day of Departure" protests. Full story |
|
Markets |
Gold reversed gains
in high volume on Friday, hit by a dollar spike after several
top Federal Reserve officials said the Fed is. . . Full story |
Wall Street advanced for a
third straight day on Friday as the tech sector rose on upbeat
outlooks, though weak trading volume hinted. . . Full story |
Global stocks rose on Friday
and were on track to post their best week since November, while
the euro slipped against the dollar. . . Full story |
Technology stocks led Wall
Street higher on Friday after Oracle's upbeat outlook, putting
all three major stock indexes on track to end the. . . Full story | |||
European shares were flat on
Friday, with fund managers suggesting the overall trend could be
downwards in the short term as euro zone. . . Full story |
Precious metal miners helped
Britain's top share index higher on Friday, as Citigroup issued
upbeat comment on UK stocks in the sector, upgrading. . . Full story |
The Nikkei average rose on
Friday to round off a week of gains as foreign investors scooped
up battered shares, but their buying. . . Full story |
Australian stocks closed firmer
for the sixth straight trading day on Friday as strong leads
from offshore markets and corporate takeover talk underpinned. . . Full story | ||||
SA Business |
South African National Treasury Director General Lesetja Kganyago is to leave his position to become a deputy governor of the central bank from May 16, President Jacob Zuma said on Friday.. . . Full story |
South African President Jacob Zuma and Finance Minister Pravin Gordhan will hold a special media briefing in Pretoria on Friday.. . . Full story |
South Africa's rand steadied against the dollar on Friday just shy of a one-week high and looked poised for further gains after piercing through a key resistance level the previous session.. . . Full story | ||||
Swaziland's sugar production is likely to jump by a quarter in the next five years, thanks to more land being put under cultivation, an industry group said on Friday.. . . Full story | African central banks
have started to train their sights on inflation bubbling up
across the region, although wobbly currencies are making
foreigners think twice about chasing lofty domestic debt yields.. . . Full story | Soaring gold prices boosted revenues from mining to Mali's budget to a record 191 billion CFA Franc in 2010, compared with 130 billion in 2009, the government of the West African. . . Full story |
Company News |
Further to the posting of a circular to Simmers shareholders dated 2 March 2011 ("the circular") and the announcement released on. . . Full story |
Shareholders are referred to the voluntary terms announcement released on SENS and published in the Business Day on 7 February 2011. . . Full story |
The board of directors of Trustco ("the board") informed shareholders that Mr PJ Miller has retired as company secretary with effect. . . Full story |
PPC management will be hosting investors and analysts at the Western Cape operations on Friday, 25 March 2011, during which a. . . Full story | |||
Company Results | Turnover for 2010 amounted to R1.3 billion (the results for the 2009 financial period are not comparable as they are only. . . Full story | Revenue for the year ended 31 December 2010 increased to USD155 million (2009: USD111.4 million). Operating profit soared to USD9 million. . . Full story | Revenue more than doubled to CAD148.3 million (CAD62.6 million) and gross loss widened to CAD24.9 million (loss of CAD18.3 million). Operating. . . Full story | Revenue for the year ended 31 December 2010 jumped to R5.4 billion (2009: R4.7 billion). Operating profit for the year declined. . . Full story |
World Markets (Spot Prices)
|
|
Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 25/03/2011 | 186 | 148 | 92 | 426 | 213,958,141 | R10,669,727,515 | 90869 | 1897200 |
| 24/03/2011 | 220 | 115 | 78 | 413 | 265,580,050 | R13,365,618,952 | 99780 | 2220689 |
| 23/03/2011 | 229 | 115 | 71 | 415 | 271,350,438 | R13,213,098,518 | 111660 | 2366083 |
| 22/03/2011 | 190 | 148 | 77 | 415 | 272,539,301 | R13,852,712,293 | 135637 | 2257974 |
| 18/03/2011 | 149 | 181 | 78 | 408 | 305,509,186 | R13,710,921,213 | 100892 | 2437383 |
Major Moves Up
Click here for more Major Moves... |
Major Moves Down
Click here for more Major Moves... |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
New Highs
Click here for more Major Moves... |
New Lows
Click here for more Major Moves... |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Index Summary
|
|
Click here for the Sharenet Index Summary page
Latest Consensus Changes**
|
Results Expected**
|
Recent Dividends**
|
Ex Div**
|
Upcoming AGMs**
|
Stock Exchange News Service
| Date | Time | Headline |
| 25/03/2011 | 17:30 | Primeserv - Reviewed Interim Results for the twelve months ended 31 |
| 25/03/2011 | 17:05 | Capital Property Fund - Acquisition of linked units in Pangbourne |
| 25/03/2011 | 17:00 | MND/MNP - Mondi - Transactions in Shares |
| 25/03/2011 | 16:28 | Bonatla Property Holdings Limited - Provisional reviewed condensed |
| 25/03/2011 | 15:30 | Net1 - Net1 to Approach Constitutional Court in Response to Supreme Court |
| 25/03/2011 | 15:30 | Finbond - Trading Statement |
| 25/03/2011 | 15:22 | SBTPV4 - The Standard Bank Of South Africa Limited - Reset of Variable Equity |
| 25/03/2011 | 15:08 | Super Group - Dealing in securities by Director |
| 25/03/2011 | 15:00 | BRAIT S.A. - Announcement relating to an amended timetable |
| 25/03/2011 | 14:56 | Securedata Holdings Limited - Dealings In Securities By A Director Of A |
| 25/03/2011 | 13:33 | OMLSTE - The Standard Bank of South Africa Limited - Dividend announcement in |
| 25/03/2011 | 13:30 | Anglo American plc - Anglo American Long Term Incentive Plan - "LTIP" |
| 25/03/2011 | 13:24 | Simmers - Results of general meeting and revised salient dates and times |
| 25/03/2011 | 13:00 | British American Tobacco P.l.c. - Notification Of Transactions of |
| 25/03/2011 | 12:57 | Village Main Reef Limited - Results of general meeting and revised salient |
| 25/03/2011 | 12:37 | Jasco Electronics Holdings Limited - Director dealing in securities |
| 25/03/2011 | 12:34 | SELCo - Trading Statement |
| 25/03/2011 | 12:32 | Mercantile - No Change Statement and Notice of Annual General Meeting |
| 25/03/2011 | 12:13 | Cape Empowerment Limited - Trading statement |
| 25/03/2011 | 11:59 | Hudaco Industries Limited - Fulfilment of conditions precedent |
| 25/03/2011 | 11:20 | ArcelorMittal South Africa - Renewal of Cautionary Announcements |
| 25/03/2011 | 11:11 | Miranda Mineral Holdings Limited - Update on Claw Back Offer and Rights |
| 25/03/2011 | 10:37 | Exxaro - Trading of Exxaro ordinary shares on behalf of the Exxaro |
| 25/03/2011 | 10:30 | Palabora - Wage Agreements entered into with the National Union of |
| 25/03/2011 | 10:21 | RACP - RECM and Calibre Limited - Appointment of Director |
| 25/03/2011 | 09:36 | Trustco Group Holdings Limited - Retirement of Company Secretary. |
| 25/03/2011 | 08:00 | Compagnie Financiere Richemont SA Depositary Receipts - Richemont Board |
| 25/03/2011 | 08:00 | Pretoria Portland Cement Company Limited - Investor site visit |
| 25/03/2011 | 08:00 | South African Coal Mining Holdings Limited - Lifting of suspension of |
| 25/03/2011 | 07:24 | BHP Billiton Plc - Appointment of Lindsay Maxsted |
| 25/03/2011 | 07:21 | BHP Billiton Plc - Expansion of Hunter Valley Energy Coal |
| 25/03/2011 | 07:17 | BHP Billiton Plc - Iron Ore and Coal Presentation |
| 25/03/2011 | 07:16 | Billiton Plc - Bowenbhp Basin Metallurgical Coal Expansions |
| 25/03/2011 | 07:10 | British American Tobacco p.l.c.- Transaction in own shares |
| 25/03/2011 | 07:06 | BHP Billiton Plc - Final Notification of Interests of Directors and |
| 25/03/2011 | 07:05 | BHP Billiton Plc - Further growth at Western Australia Iron Ore |
Click here for more SENS news