The Sharenet Daily 
Friday, 01 April 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
Top News
SA Business
Company News
Company Results
World Markets (Spot Prices)
JSE Today
JSE Trading Statistics
Major Moves
Index Summary
Latest Consensus Changes / Results Expected
Recent Dividends / Ex Div
Upcoming AGMs
Stock Exchange News Service (SENS)

Great Trough signals new advance

Below is an extract from an alert sent to our subscribers on morning of Tuesday 22nd March (12 days ago). Since then the JSE has risen almost uninterrupted by 5.4%

We are issuing a "Fosback Great Trough" alert. This system tracks an index made up from an exponential moving average of daily advance and decline data on the JSE and issues the alert when the index rises above 30 and then makes a peak. This is a very rare but deadly reliable signal for a new multi-month sustained advance on the market and has only been flagged 15 other times over the last 15 years (one signal per year average) as depicted below:

This is the 3rd such signal we have seen since this bull market commenced in October 2008. It only picks up “Great Troughs” i.e. large corrections from whence sustained multi-month (even multi-year) gains commence. Every signal since 14/09/1998 has been solid with two “false signals” in Oct 97 and June 98. This gives it a historical accuracy of 86.6% (two duds, 15 signals excluding todays) with the last 12 signals in a row being successes.

It is not a trading signal, since sometimes it can be a bit premature or late (by 1-2% either way), but for investors looking to “buy on the dips” it is perfect. You can buy instruments that track or approximate the JSE to play the signal, such as SATRIX40, SATRIX RESI etc. But since it marks potentially highly probable periods when a sustained rise is likely on the JSE it often signals investors to buy those favourite shares they have been hunting, on the premise that “a rising tide floats all boats”. Conducting your equities activities on or around these signals gives that extra margin of safety that your shares you buy have “tailwinds” as opposed to “headwinds”.

Now great troughs by definition are formed in reaction to some negative event, be it geopolitical, bubbles bursting, terrorist attacks, financial crises etc. There needs to be a certain degree of pessimism, negativity or uncertainty to prevail to bring about these large corrections. Since it so closely approximates “ground zero” of these corrections, it is to be expected that on the day you see these signals they appear counter-intuitive. Without the luxury of hindsight, the signal on the hard right edge of the above chart looks far less obviously correct than those on the left! As such it is a “contrarian” signal – meaning when you see it, every instinct will be screaming at you the signal is wrong. And right now is no exception! Major geopolitical upheavals in the middle east and North Africa, crippling twin natural disasters in the world’s 3rd largest economy, nuclear contamination threats, inflation clouds building worldwide, debt contagion in Europe – all conspire to tell us we must be bloody mad to deploy funds into the market at this time. The point is this is exactly what everyone else is thinking and history tells us when everyone is thinking the same way in the markets, you are better off doing the opposite! By the time something looks “obviously safe” the major move is over and the smart money is getting out already!

There are no guarantees this is not a false signal, but the odds are on our side. Provided you couple your actions on this signal with sound position sizing and risk management, and adequate diversification of well-chosen instruments (solid stocks shown to you by our JSW program) that are not overpriced then any potential downside should be limited, and certainly far smaller than the potential upside. As with many great troughs, bottoms can be choppy affairs before the wind finally fills our sails and ramps us forward, so do expect volatility to ensue. It might not occur and we zoom upwards, but you need to at least prepare yourself mentally for it to ensure when it arrives you don’t get cold feet and succumb to your “fight or flight” instincts.

Regardless of if you are a short term trader or investor, we suggest you commence firing up your JSW Program and start picking up quality stocks it is recommending.For demo videos of how this is done go to our Video Training Library.

PowerStocks Equity Research

Fri, 01 Apr 2011
Top News
African governments should unbundle -- separate generation and distribution -- their state power utilities and allow private producers into the sector to unlock growth, investors and regulators said on Friday.  Full story

South African petrol pump prices in the main inland commercial region will increase by 54 cents a litre, or 5.7 percent, from April 6, the government said on Friday.  Full story
U.S. blue chip stocks opened the second quarter on Friday by hitting their highest level since June 2008 as investor optimism rose after an upbeat U.S. employment report.  Full story
Muammar Gaddafi's forces stormed the western rebel outpost of Misrata with tanks and artillery on Friday, a rebel spokesman said, while insurgents marshalled defences in their eastern heartland.  Full story
Fierce fighting spread across Abidjan on Friday as troops loyal to Ivory Coast's Laurent Gbagbo fended off attacks by forces seeking to install rival presidential claimant Alassane Ouattara.  Full story
Gold fell 0.5 percent on Friday as an encouraging U.S. jobs report boosted the dollar, but euro zone debt worries and political unrest. . .  Full story
European shares hit its highest close in just over three weeks on Friday after strong U.S. jobs data supported the view the global. . .  Full story
Strong banks and commodity stocks hauled Britain's top share index back above the 6,000 level to a nearly six-week closing high on Friday. . .  Full story
U.S. stocks rose on Friday after solid data on the labor market bred confidence in the economic recovery and comments from a Federal. . .  Full story

World stocks rose and the dollar strengthened on the opening day of the second quarter, ahead of U.S. jobs data expected to show. . .  Full story
Australian shares closed 0.5 percent firmer on Friday after higher crude prices drove energy stocks such as Woodside Petroleum higher and as a. . .  Full story
Gold dropped on Friday before the release of U.S. non-farm payrolls report which could underpin the dollar and weigh on bullion, while ETF. . .  Full story
European shares slipped on Thursday as investors traded cautiously ahead of the Irish bank stress tests results, with banking stocks reversing earlier gains, while. . .  Full story
SA Business
Africa's largest telephone group Telkom said on Friday it has entered into a binding agreement with Visafone to sell part of. . .  Full story
South African Finance Minister Pravin Gordhan on Friday cut the 2010/11 budget deficit and said this year's growth might be higher. . .  Full story
A derailment on South Africa's rail lines to the Richards Bay Coal Terminal on Wednesday has lost around 500,000 tonnes of. . .  Full story
A derailment on South Africa's lines to Richards Bay Coal Terminal on Wednesday has lost around 500,000 tonnes export coal, industry. . .  Full story

Harmony Gold, the world's fifth largest gold miner, said on Friday that a mine in South Africa it had shut after. . .  Full story
Tension between the ruling MPLA party and the main opposition UNITA party and questions over policy-making are worrying investors in the major African oil-producing. . .  Full story
Ghana joined the club of oil-producing nations in December, offering it the chance to transform the fortunes of its aid- and cocoa-dependent economy.. . .  Full story
South African Finance Minister Pravin Gordhan said on Friday it was still unclear what the impact of higher oil prices would. . .  Full story

South Africa's Purchasing Managers' Index jumped up to a seasonally adjusted 57.2 in March -- it's highest level in 13 months -- from 54.8 in February, a survey showed on Friday.. . .  Full story
South African dairy foods maker Clover expects supply problems on some of its distribution lines due to lack of capacity, until a key expansion project comes on stream.. . .  Full story
Company News
Shareholders were reminded of the annual general meeting of the company to be held on 13 May 2011 at 10h00 at. . .  Full story
Shareholders were notified that Mr Francois Derek Jooste has been appointed as group company secretary of MMI with effect from 1. . .  Full story
In its preliminary results announcement for the year ended 31 December 2010 published on 8 March 2011, Old Mutual (the "company"). . .  Full story
In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, Omnia announce the appointment of Ms Daisy Naidoo as an. . .  Full story

KEH KEH. . .  Full story
Old Mutual plc is pleased to announce that the Maryland insurance administration has approved the acquisition of OM Financial Life Insurance. . .  Full story
Further to the cautionary announcements dated 22 November 2010, 05 January 2011 and 17 February 2011 respectively, shareholders are advised that. . .  Full story
First Uranium has commenced the re-commissioning of the Ezulwini Mine's uranium plant on schedule following the modification program on the Ion. . .  Full story
Company Results
Revenue for the twelve month interim period fell to GBP675 000 (2009: GBP1 million). Gross loss improved slightly to GBP982 000. . .  Full story
Revenue increased to R195.8 million (R125 million). Operating profit soared to R66.4 million (R1.8 million). The net attributable loss narrowed to. . .  Full story
Revenue for the interim period increased to R520.7 million (2009: R505.2 million). Gross profit decreased to R75.5 million (2009: R115.5 million),. . .  Full story
Revenue slumped to R1.3 million (R3.7 million). Gross profit declined to R0.6 million (R0.7 million), but the net attributable loss narrowed. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0032385.32181.260.56%
JSE Top 4017:0029175.56138.080.48%
JSE Gold17:002770.9033.271.22%
JSE Financial17:0021782.94173.690.80%
JSE Industrial17:0032195.04243.440.76%
JSE Indust 2517:0026956.17189.260.71%
JSE Resource17:0057362.89121.580.21%
DJ Futures20:0012335.0069.000.56%
DJ Ind18:5512403.8284.090.68%
SP 50019:561335.279.440.71%
FTSE 10017:356009.92101.161.71%
All Ords07:384954.6026.000.53%
NZSE 5006:163452.1412.290.36%
NameTimeRPMove% Move
Gold/R kg20:00307398-5878-1.88%
Brent Crude19:56117.82.630.54%
Rand / Dollar19:586.6954-0.0752-1.11%
Rand / Pound19:5510.7534-0.0767-0.71%
Rand / Euro19:559.5170-0.0779-0.81%
Rand / NZD19:585.1382-0.0164-0.32%
Rand / AUD19:556.9535-0.0445-0.64%
Yen / Dollar19:5684.22001.04001.25%
Euro / Dollar19:550.7031-0.0023-0.33%
Dollar / Euro19:591.42180.00450.32%
Pound / Dollar19:550.6204-0.0028-0.45%

Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 TRNSHEX  276207.81.%44920
2 COAL  883536.39.%662805
3 MASONITE  29001495.42.%300
4 GRANPRADE  315155.00.%86600
5 CASHBIL  98004504.81.%3100
6 KEATON   330154.76.%17284
7 REUNERT  61252674.56.%740550
8 ASTRAL  128505004.05.%17199
9 BELL  1300504.00.%17420
10 ALTRON  2595953.80.%21791
11 TFG  87853203.78.%1589907
12 SENTULA  285103.64.%78500
13 RAUBEX  1891663.62.%112228
14 PAN-AF  11943.48.%1887102
15 MRPRICE  63382133.48.%1019104
16 NASPERSN  3760012003.30.%2938553
17 S-OCEAN  22573.21.%70000
18 OPTIMUM  33001003.13.%708251
19 IMPERIAL  117663463.03.%686693
20 NORTHAM  45301302.95.%335230

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Major Moves Down
SharenameSaleMove% MoveVolume
1 AFRO-C  184-15-7.54.%221107
2 TREMATON  140-9-6.04.%225234
3 BAUBA  220-10-4.35.%3000
4 KAP  225-10-4.26.%35130
5 ARGENT  820-30-3.53.%852833
6 VALUE  340-10-2.86.%332330
7 FREEWORLD  1120-30-2.61.%4607
8 ESORFRANK  156-4-2.50.%6133800
9 RICHEMONT  3876-86-2.17.%7544575
10 A-V-I  2940-59-1.97.%423881
11 EASTPLATS  930-18-1.90.%207599
12 AFGRI  672-13-1.90.%738486
13 REINET  1138-21-1.81.%1937646
14 CERAMIC  13700-200-1.44.%27800
15 JUBILEE  296-4-1.33.%77763
16 EQSTRA  640-8-1.23.%76226
17 ILLOVO  2652-33-1.23.%117167
18 CAPCO  1805-22-1.20.%457414
19 SASOL  38725-424-1.08.%3488117
20 STEFSTOCK  1025-11-1.06.%92409

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New Highs
SharenameSaleHighMove% MoveVolume
1 EXXARO  17000170004542.74.%1307825
2 DATATEC  37813824711.91.%433227
3 BARWORLD  760076191301.74.%847040
4 SHOPRIT  10500105981231.19.%1679215
5 LIFEHC  16001625110.69.%2709739
6 MONDIPLCP  6549660490.14.%373951
7 RMBH  27792810-21-0.75.%2197346
8 SASOL  3872539500-424-1.08.%3488117

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New Lows
SharenameSaleLowMove% MoveVolume

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Index Summary
Index NameRPMove% Move
Top 4029,175.56138.080.48%
Mid Cap41,546.67461.341.12%
Small Cap31,947.14209.790.66%
Resource 2057,362.89121.580.21%
Industrial 2526,956.17189.260.71%
Financial 158,287.8276.810.94%
Financial & Ind. 3030,421.87216.260.72%
All Share32,385.32181.260.56%
Oil & Gas 29,371.16-321.03-1.08%
Mining 37,535.60173.840.47%
Gold Mining2,770.9033.271.22%
Platinum Mining76.661.341.78%
Oil & Gas Producers 15,792.33-172.61-1.08%
Basic Materials 31,683.56139.260.44%
Chemicals 13,277.2435.690.27%
Forestry & Paper 14,632.9254.280.37%
Industrial Metals 30,609.1914.420.05%
Industrials 27,856.13446.261.63%
General Industrials 77,409.881131.111.48%
Consumer Goods 26,058.93-187.79-0.72%
Automobiles & Parts 3,
Household Goods159.20-1-0.59%
Health Care 31,506.26228.130.73%
Beverages 82,870.27-37.59-0.05%
Food Producers 46,422.94280.610.61%
Index NameRPMove% Move
Personal Goods 387.12-8.59-2.17%
Consumer Services 53,340.811139.792.18%
General Retailers 40,878.29715.901.78%
Travel & Leisure 3,664.5624.060.66%
Media 82,956.352596.083.23%
Support Services 2,439.3011.550.48%
Telecommunications 67,421.63945.901.42%
Financials 21,782.94173.690.80%
Banks 41,565.32453.821.10%
Non-life Insurance 30,917.5972.740.24%
Life Insurance 16,272.83182.761.14%
General Financial 2,284.0527.641.22%
Technology 21,163.19280.431.34%
SHARIAH TOP40 3,299.92130.40%
FTSE/JSE SHARIAH ALL3,351.03150.45%
COAL MINING23,221.446362.81%
FTSE JSE Fledgling 4,490.72220.49%
FTSE/JSE Alt X 1,014.42-7-0.65%
CAPPED PROPERTY 304.90-0.30%
RESOURCE 31,680.53800.25%
DIVIDEND PLUS168.5121.05%
FTSE/JSE RAFI 406,807.72390.58%
Capped Top 4015,197.58800.53%
Capped All Share16,297.06960.59%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
06 Apr 2011VIVIDENDFebruary 2011 (Interim)
08 Apr 2011PHUMELELAJanuary 2011 (Interim)
11 Apr 2011FAIRVESTDecember 2010 (Interim)
11 Apr 2011FAIRVESTPDecember 2010 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
TELEMASTR11-04-0111-04-1911-05-03R 0.0400
NTC PREF11-04-0111-04-1911-05-03R 3.4161
CAPITEC11-03-3011-06-1711-06-27R 2.0500
ADVTECH11-03-2811-04-1411-04-26R 0.0250
ADVTECH11-03-2811-04-1411-04-26R 0.1100
Ex Div**
Share NameDec-DateLDTPay-DateAmount
MTN GROUP11-03-0911-03-2511-04-04R 3.4900
ASTRAPAKP11-03-0411-03-2511-04-04R 3.4269
STANBANK-P11-03-0311-03-2511-04-04R 3.3790
SASOL11-03-0711-04-0111-04-11R 3.1000
EXXARO11-02-2411-04-0111-04-11R 3.0000

Upcoming AGMs**
CodeCompany NameDateStatus
WNHWinhold Ltd07/04/2011Unconfirmed
MMHMiranda Mineral Holdings Ltd07/04/2011Confirmed

Stock Exchange News Service
01/04/201117:45 Metorex Limited - Resignation of chief operating officer
01/04/201117:45 Huge Group Limited - Changes to the board of directors
01/04/201117:30FFA/FFB - Fortress Income Fund Limited - General issue of linked units for cash
01/04/201117:00 Lonrho Plc - Total Voting Rights
01/04/201117:00RTO/ RTN/RTOP - Rex Trueform Clothing Company Limited - Change of company
01/04/201116:59SCIB: OMLSTE - The Standard Bank Of South Africa Limited - Correction to Payment
01/04/201116:59 Lonmin Plc - Block listing six monthly return
01/04/201116:55LOLMI - Lonmin Plc - Total Voting Rights and Capital as at 31 March 2011
01/04/201116:47 Beige Holdings Limited - Change to a date in the declaration announcement
01/04/201116:46OMLNIH - Nedbank Limited - Dividend distribution announcement in relation to the
01/04/201116:20 Nedbank Group - Dealings in Securities by Directors and Company Secretary
01/04/201116:09SCIB/OMLSTE - The Standard Bank of South Africa Limited - Dividend
01/04/201115:31 Beige Holdings Limited - Declaration announcement in relation to a
01/04/201115:00 Evraz Highveld Steel and Vanadium Limited - No change statement - notice
01/04/201115:00 Keaton Energy Holdings Limited - Sale of shares by Moneybox Investments
01/04/201114:59 Reunert Limited - Dealing in securities by director
01/04/201114:45MND/MNP - Mondi Limited/Mondi plc - Annual Information Update
01/04/201114:43 BRC Diamondcore Ltd - Management`s discussion and analysis of financial
01/04/201114:42 Brc Diamondcore Ltd - Consolidated Financial Statements for The Years
01/04/201114:15 Telkom SA Limited - Disposal of Multi-Links CDMA business
01/04/201113:52 Capitec Bank Holdings Limited - Dealing in securities by a director
01/04/201113:50 MMI holdings limited - Appointment of group Company Secretary
01/04/201113:15 South African Coal Mining Holdings Limited - Reviewed provisional annual
01/04/201113:09 Ellies Holdings Limited - Dealing in securities
01/04/201112:40 Trematon Capital Investments Limited - Trading statement
01/04/201112:39SOL/SOLBE1 - Sasol Limited - Dealing in securities by a director of a major
01/04/201112:30 British American Tobacco p.l.c. - Voting Rights and Capital
01/04/201112:25 Kaydav Group Limited - No change statement and notice of annual general
01/04/201112:06GEN - General - TLM - Late submission of annual financial statements
01/04/201112:00NTCP - Netcare Limited - Declaration of preference dividend number 10
01/04/201112:00 Oando Plc - Audited financial statements for the year ended 31 December
01/04/201111:55 Old Mutual Plc - Final Dividend for the year ended 31 December 2010
01/04/201111:50 Miranda Mineral Holdings Limited - Dealing in securities by a director
01/04/201111:34 Racec Group Limited - Granting and Acceptance of Options
01/04/201111:15 Anglo American plc - Total voting rights
01/04/201111:05CCO - Capital & Counties Properties PLC - Exchange rate for the proposed 2010
01/04/201110:37 Tradehold Limited - Rights Offer Finalisation Announcement
01/04/201110:33 Awethu Breweries Limited - Condensed interim results for the six months
01/04/201110:19 Omnia Holdings Limited - Appointment to the board of directors
01/04/201109:32 Telemasters Holdings Limited - Notice of Declaration of Cash Dividend for
01/04/201109:24SCIB : The Standard Bank Of South Africa Limited - Issue of stock warrants
01/04/201109:19 Distell Group Limited - Dealings in securities by a director of a major
01/04/201109:00CLR / CLRP - Clover Industries Limited - Presentation
01/04/201108:27 BHP Billiton Plc - Total Voting Rights and Capital
01/04/201108:00 SABMiller plc - Bavaria S.A. - Bond and Commercial Paper Programme and
01/04/201108:00 British American Tobacco p.l.c.- Close Period Share Repurchase
01/04/201108:00GLD - NewGold Issuer Limited - Listing of additional Newgold debentures
01/04/201108:00 Old Mutual Plc - Update on the sale of US Life
01/04/201107:53 Queensgate Hotels and Leisure Limited - Renewal of cautionary announcement
01/04/201107:42 Truworths International Limited - Director`s Dealings
01/04/201107:39 First Uranium Corporation - Business Milestones Update and Q4 2011
01/04/201107:36 BHP Billiton Plc - Notification of Change of Interests of Persons
01/04/201107:33 BHP Billiton Plc - Notification of Change of Interests of Persons
01/04/201107:30 BHP Billiton Plc - Notification of Change of Interests of Persons
01/04/201107:28 BHP Billiton Plc - Notification of Change of Interests of Directors and
01/04/201107:24 BHP Billiton Plc - Notification of Change of Interests of Persons
01/04/201107:06 BHP Billiton Plc - Notification of Change of Interests of Persons
01/04/201107:06 Coal of Africa Limited - Appointment of Financial Director
01/04/201107:05 Vukile - Withdrawal of Cautionary Announcement
01/04/201107:05 Gijima Group Limited - Cautionary Announcement
01/04/201107:05 Coal of Africa Limited - Appendix 3Z - Final director`s interest notice

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