Thursday, 23 June 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
Investing R 1 000 000
For us at Seed, investing is all about asking the right questions first and only then making an appropriate investment. We believe that in making an investment you need to start from the top (long term strategy) and then move down to deciding on which investments (stocks, unit trusts, etc.) need to be in the portfolio.
We don’t believe that an investment process should be onerous, but we definitely think that one should follow a structured process when deciding how to invest R 1 million.
At Seed we implement a three step value add process.
Step 1: We need to understand your long term strategy in order to attain the desired result for you.
Step 2: We need to understand the current valuations of the asset classes included in your portfolio to decide on your asset allocation.
Step 3: We need to make the relevant investments in shares, unit trusts, etc. to get to the desired position.
Let us look at a simple example.
• you want to target a return of CPI + 4% per annum, and
• you are prepared to lose between 5% - 10% over a one year period, if the market drops significantly, but
• you are prepared to invest for at least 3 years in the portfolio to ensure that the portfolio has enough time to recover from any potential short term losses,
then you should invest into a MODERATE portfolio that will look similar to this allocation:
Now that we have an understanding of your risk profile, and therefore know more or less how to invest your R1m but we still need to do the ground work and determine whether each asset is expensive or cheap (and therefore whether to under or over weight the asset classes).
At Seed we don’t believe in forecasting, instead, we prefer to invest into assets that offer good value and sell assets that offer no (or little) value. Based on our research we have the following views of the current valuations of the different asset classes:
We believe that only once steps 1 and 2 have been completed is it prudent to make a long lasting investment.
Based on the above assessment, we have a large overweight investment in offshore blue chip equities but avoid developed market cash and bonds (or funds that offer similar). On the local side, most assets aren’t offering much value and we are therefore underweight.
Our focus on local equities is companies offering high dividend yields priced at low PEs as they offer a margin of safety. We would also allocate a portion of high net worth client assets to hedge funds. Finally property offers investors a decent initial yield with prospects of growth in excess of inflation. Here the investor should focus on the yield, and be less concerned about capital fluctuations.
To be kept up to date with current investments views and news click here and become a Fan of Seed Investment Consultants on Facebook by clicking 'Like' at the top of the page.
021 9144 966
Thu, 23 Jun 2011
Revenue increased to R35.2 million (R22 million). Gross profit soared to R12.1 million (R0.8 million) and the operating loss was lower at R18.1 million (loss of R25.4 million). Net attributable profit. . .
Revenue for the interim period ended 31 March 2011 increased to R158 million (2010: R117.5 million). Gross profit rose to R26.3 million (2010: R19.4 million), operating profit improved to R10.2 million. . .
Revenue for the year ended 31 March 2011 increased to R1.8 billion (R1.5 billion) and operating profit before finance costs improved to R102 million (R46.5 million). Profit for the year, attributable. . .
World Markets (Spot Prices)
|JSE Top 40||17:00||27026.92||-448.48||-1.63%|
|JSE Indust 25||17:00||26382.31||-201.02||-0.76%|
|Rand / Dollar||19:59||6.8517||0.0817||1.21%|
|Rand / Pound||19:55||10.9110||0.0476||0.44%|
|Rand / Euro||19:55||9.7156||-0.0073||-0.08%|
|Rand / NZD||19:59||5.5488||0.0349||0.63%|
|Rand / AUD||19:55||7.1835||0.0110||0.15%|
|Yen / Dollar||19:58||80.6200||0.2700||0.34%|
|Euro / Dollar||19:59||0.7050||0.0074||1.06%|
|Dollar / Euro||19:59||1.4182||-0.0151||-1.05%|
|Pound / Dollar||19:55||0.6259||0.0039||0.63%|
Click here for the Sharenet Spot Price page
The JSE Today
|Index Name||RP||Move||% Move|
|Financial & Ind. 30||29,360.71||-226.41||-0.77%|
|Oil & Gas ||25,665.35||-743.03||-2.81%|
|Oil & Gas Producers ||13,799.79||-399.51||-2.81%|
|Basic Materials ||28,263.40||-723.87||-2.50%|
|Forestry & Paper ||14,212.24||-158.41||-1.10%|
|Industrial Metals ||28,943.71||-460.55||-1.57%|
|General Industrials ||73,330.88||-564.73||-0.76%|
|Consumer Goods ||25,921.79||-200.23||-0.77%|
|Automobiles & Parts ||3,337.81||4.53||0.14%|
|Health Care ||32,789.77||-431.18||-1.30%|
|Food Producers ||46,766.56||-545.11||-1.15%|
|Index Name||RP||Move||% Move|
|Personal Goods ||419.98||-6.89||-1.61%|
|Consumer Services ||50,777.36||-886.43||-1.72%|
|General Retailers ||39,162.73||-830.60||-2.08%|
|Travel & Leisure ||3,704.35||-6.99||-0.19%|
|Support Services ||2,390.84||-17.17||-0.71%|
|Non-life Insurance ||31,523.82||.00||0.00%|
|Life Insurance ||15,287.99||-209.49||-1.35%|
|General Financial ||2,187.56||-25.19||-1.14%|
|SHARIAH TOP40 ||2,977.55||-63||-2.06%|
|FTSE/JSE SHARIAH ALL||3,047.45||-61||-1.96%|
|FTSE JSE Fledgling ||4,527.81||-20||-0.44%|
|FTSE/JSE Alt X ||1,062.46||-15||-1.43%|
|SA LISTED PROPERTY ||379.80||-0.04%|
|CAPPED PROPERTY ||314.49||-0.03%|
|FTSE/JSE RAFI 40||6,310.72||-92||-1.44%|
|Capped Top 40||14,124.38||-221||-1.54%|
|Capped All Share||15,291.07||-230||-1.48%|
Click here for the Sharenet Index Summary page
Latest Consensus Changes**
|NED||NEDBANK GROUP LTD||SELL||21 Jun|
|SBK||STANDARD BANK GROUP LIMIT...||SELL||21 Jun|
|AIP||ADCOCK INGRAM HLGS LD||HOLD||21 Jun|
|LHC||LIFE HEALTHCARE GRP HLDG ...||BUY||21 Jun|
|EQS||EQSTRA HOLDINGS LTD||HOLD||21 Jun||
|Expected||Company Name||Fin. Date|
|24 Jun 2011||AVUSA||March 2011 (Final)|
|24 Jun 2011||DIAMONDCP||December 2010 (Final)|
|24 Jun 2011||FREEWORLD||March 2011 (Interim)|
|24 Jun 2011||TELEMASTR||March 2011 (Interim)|
|27 Jun 2011||NASPERS||March 2011 (Final)|
|CRG||Cargo Carriers Ltd||23/06/2011||Confirmed|
|PNC||Pinnacle Technology Holdings Ltd||24/06/2011||Confirmed|
|IMU||Imuniti Holdings Ltd||24/06/2011||Confirmed|
|SVB||SilverBridge Holdings Ltd||24/06/2011||Unconfirmed|
|IMUP||Imuniti Holdings Ltd||24/06/2011||Confirmed||
Stock Exchange News Service
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