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 The Sharenet Daily 
Tuesday, 19 July 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
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)

June Year End Companies

There are some 470 companies listed on the JSE, including the Alt X. Many of them have elected to have a June year end. Unlike in the US where listed companies must report quarterly, local companies report every 6 months. Interims can be produced far quicker and do not need the final sign off from auditors, while the annual financial statements require this sign off, which necessitates a longer preparation time.

The JSE recorded the total market capitalisation of all listed shares at R6.8 trillion, from R5.89 trillion year back – up 15.4%. This includes all new listings and any delistings. In US dollar terms this is around $1 trillion. According to stats on Wikipedia, the market capitalisation of the JSE in 2003 was $183 billion.

5 of the top 6 companies listed by market capitalisation (i.e. the number of shares in issue multiplied by the share price – or value of the equity in the company at market price, an indication of the size of the business) have their primary listing on a foreign exchange.

The 5 companies with their primary listing on a foreign exchange are British American Tobacco Plc, BHP Billiton Plc, Anglo American Plc, SABMiller Plc, and Compagnie Financiere Richemont SA.

Some of the larger companies that will be reporting their annual results to June in August and September include BHP Billiton, Sasol, Impala Platinum, Firstrand, Shoprite, Remgro, The Bidvest Group, Steinhoff, Aspen, Massmart, and Woolworths. Also included is the largest listed property company Growthpoint.

Latest news on BHP Billiton

BHP Billiton – over the last few years this company has been unsuccessful in making some large acquisitions. The two biggest were Rio Tinto in 2008 and Canadian Potash in 2010. These failed acquisitions cost the company some $900 million. But this is a cash generating company that needs to find big acquisitions and so a few days ago it proposed a cash offer for 100% of Petrohawk Energy Corporation, which is a shale gas company.

The acquisition price for Petrohawk is some $15.1 billion including debt of $3 billion and at a price at 49,5% above the 30 day average. Unlike the previous large bids, this potential acquisition has been approved by board of Petrohawk and now needs shareholder approval. In February BHP announced the $4.8 billion acquisition of Chesapeake Energy Corporation, also involved in shale gas.

BHP Billiton shares have traded sideways over the last 9 months.

Over the last 12 months, following its failed acquisition of Potash, it reactivated its share buyback programme. From November 2010 to June 2011 it has spent some $10 billion in buying back its own shares. Following this spend it is reported that it would have repurchased about $23 billion of its London and Sydney listed shares since 2004.

June 2010 earnings per share came in at R17. Taking into account the interim, these are now on a rolling R23 per share. INet consensus is at R28.40 for June, which puts the current price on an estimated price to earnings ratio of around 9.2 times.

Source: Yahoo finance

Kind regards,

Ian de Lange
021 9144 966

Tue, 19 Jul 2011
Top News
Employers in South Africa's petroleum industry have raised their wage offer to workers in an effort to end a week-long strike that has disrupted fuel supplies, the Solidarity union said on Monday.  Full story

Revenue for the interim period was higher at R359.8 million (2010: R327 million). Gross profit increased to R131.5 million (2010: R107.2 million), while operating profit rose to R18.6 million (2010: R10.5 million). Profit attributable to owners of the company increased to R14.1 million (2010  Full story
U.S. Secretary of State Hillary Clinton urged India Tuesday to amend a law that has put off U.S. companies from taking part in the $150 billion (93 billion pounds) nuclear energy market and further open up Asia's third largest economy to foreign investment.  Full story
Guinean President Alpha Conde escaped two attacks on his residence on Tuesday that killed at least three people and left his home riddled with bullets, in assaults which authorities linked to former senior officers in the army.  Full story
Japan's government ordered the suspension of all shipments of beef cattle from Fukushima prefecture on Tuesday after discovering that cattle fed rice straw contaminated with high levels of radioactive caesium had been shipped nationwide.  Full story
U.S. stocks jumped 1 percent on Tuesday on strong earnings from IBM and Coca-Cola, offsetting investor disappointment in results from big financial firms.. . .  Full story
European shares ended higher on Tuesday after banks bounced from two-year lows ahead of a crucial meeting of political leaders aimed at resolving. . .  Full story
Gold prices eased from a record above $1,600 an ounce on Tuesday and were on track to snap an unprecedented 11-day rally as. . .  Full story
Wall Street stocks rose on on upbeat U.S. corporate earnings on Tuesday, and the euro and European shares gained ahead of an EU. . .  Full story

A rally by recently beaten-down banks and commodity issues hauled Britain's top share index higher on Tuesday, although many traders doubted whether the gains. . .  Full story
Hong Kong shares eked out gains in the final hour of Tuesday trading as higher crude oil prices lifted oil producers, helping reverse. . .  Full story
Australian stocks ended marginally lower on Wednesday, but wagering group Tabcorp jumped as much as 8.4 percent after it gained a key gaming. . .  Full story
The Nikkei stock average fell on Tuesday, moving further away from four-month highs, as banks were sold by European and domestic players on. . .  Full story
SA Business
South Africa plans to set up a state-owned pharmaceutical company, a senior official in the ruling ANC party said on Tuesday,. . .  Full story
South African gold miner Harmony said on Tuesday it had resumed work at its Tshepong mine in South Africa after an. . .  Full story
A massive shortfall in funding for African infrastructure projects is costing the continent up to 3 percent of Gross Domestic Product. . .  Full story
South Africa exported 41,538 tonnes of white maize last week compared with 12,536 tonnes in the previous week, the South African. . .  Full story

Canadian miner Eastern Platinum reported lower second-quarter production at its flagship Crocodile River mine in South Africa due to labour disruptions.. . .  Full story
South Africa's Treasury sold 800 million rand of its 2021 bond at a clearing yield of 8.42 percent on Tuesday.. . .  Full story
Africa-focused miner Petra Diamonds said full-year revenue rose 24 percent, as higher rough diamond prices and fast-growing demand in Asia outweighed a decline in. . .  Full story
The price of importing South African coal has fallen to be nearly on par with Chinese domestic rates, but Chinese buyers. . .  Full story

South African miner Gold Fields has resumed operations at the No.3 shaft of its Beatrix mine, a company spokesman said on. . .  Full story
South Africa's rand eased against the dollar on Tuesday, breaching the key 7.00 psychological barrier that traders say may open a. . .  Full story
It will take three to four years for South Africa's tax revenue to recover from the impact of a 2009 recession,. . .  Full story
South African retailer Woolworths Holdings said on Tuesday it expects full-year earnings to rise by as much as 30 percent, helped. . .  Full story
Company News
South Ocean's headline earnings per share and earnings per share for the 6 months ended 30th June 2011 are expected to. . .  Full story
Notice was given to all shareholders of Pinpoint of a business rescue application in terms of Section 131 of the Companies. . .  Full story
Shareholders are referred to the SENS announcement on 14 June 2011 regarding the acquisition by AMAP's wholly owned subsidiary, Tedelex Trading. . .  Full story
At the general meeting of the shareholders of Bell held on 19 July 2011, all the ordinary and special resolutions proposed. . .  Full story

Shareholders are advised that the annual financial statements for the year ended 31 March 2011 was published on the company's website (www.omnia.co.za) today and will be dispatched to shareholders shortly. The annual financial statements contain no material modifications to the audited. . .  Full story
Anglo announced that a total of 15 000 ordinary shares were transferred from treasury shares on 15th and 18th July 2011, in respect of the grant of awards and vesting of awards under the company's share plans. Following the transfers, Anglo. . .  Full story
Company Results
Revenue for the interim period increased to R2.5 billion (2010: R2.3 billion). Earnings before interest, tax, depreciation, amortisation and impairments (EBITDA) rose to R416 million (2010: R354 million), but profit attributable to equity holders of the company decreased to R53 million (2010: R118 million). Furthermore, headline earnings per share improved to 52.8cps (2010: 38.8cps). Dividend It is the group's policy to consider dividends twice annually. The board of directors have. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0032058.68187.090.59%
JSE Top 4017:0028707.36177.140.62%
JSE Gold17:002601.70-19.55-0.75%
JSE Financial17:0021514.1012.560.06%
JSE Industrial17:0033479.1364.260.19%
JSE Indust 2517:0028118.9452.340.19%
JSE Resource17:0053973.09745.001.40%
DJ Futures20:0012535.00184.001.49%
DJ Ind18:1112497.25112.090.91%
SP 50019:061317.1011.660.89%
FTSE 10017:355789.9937.180.65%
All Ords08:404539.40-.50-0.01%
NZSE 5007:423392.026.140.18%
NameTimeRPMove% Move
Gold/R kg20:00353273-4804-1.34%
Brent Crude19:56117.861.751.51%
Rand / Dollar19:596.9244-0.0365-0.52%
Rand / Pound19:5911.1461-0.0147-0.13%
Rand / Euro19:599.8152-0.0212-0.22%
Rand / NZD19:585.92940.05370.91%
Rand / AUD19:597.43380.03380.46%
Yen / Dollar19:5978.9400-0.1100-0.14%
Euro / Dollar19:590.7051-0.0036-0.51%
Dollar / Euro19:571.41780.00750.53%
Pound / Dollar19:590.6192-0.0036-0.58%

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

Major Moves Up
SharenameSaleMove% MoveVolume
1 ANOORAQ  4804510.34.%78717
2 VERIMARK  165117.14.%14601
3 ONELOGIX  13686.25.%402660
4 O-LINE  10555.00.%40000
5 TASTE  11554.55.%150919
6 VILLAGE  12754.10.%162639
7 EASTPLATS  680253.82.%77469
8 EXXARO  186506253.47.%1336667
9 SPURCORP  1395453.33.%22820
10 URONE  2359763.33.%87536
11 ARB  350102.94.%136853
12 WOOLIES  3171862.79.%3587161
13 KUMBAIO  5190011992.36.%738429
14 AQUARIUS  3496802.34.%8956
15 FAMBRANDS  4550992.22.%151373
16 ANGLOPLAT  6075013102.20.%761476
17 ARCMITTAL  76751652.20.%392601
18 DORBYL  25052.04.%50000
19 PNR-FOODS  61201202.00.%28348
20 BILLITON  261384881.90.%2907752

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Major Moves Down
SharenameSaleMove% MoveVolume
1 ILIAD  550-40-6.78.%15
2 AMECOR  156-11-6.59.%10100
3 MMG  150-9-5.66.%6000
4 TRENCOR  3500-147-4.03.%67189
5 AFROX  2070-86-3.99.%1138125
6 IQUAD  280-10-3.45.%10000
7 VIVIDEND  450-14-3.02.%30000
8 GRANPRADE  296-9-2.95.%37347
9 TREMATON  140-4-2.78.%3000
10 LITHA  251-7-2.71.%612446
11 HOSP-B  720-20-2.70.%1740894
12 HULAMIN  750-20-2.60.%55185
13 COMAIR  251-6-2.33.%3770
14 SASFIN  3325-75-2.21.%3300
15 EHSV  4600-100-2.13.%3193
16 OANDO  230-5-2.13.%27000
17 COAL  872-18-2.02.%1000
18 PSG  4888-100-2.00.%65980
19 HARMONY  9770-196-1.97.%768235
20 BLUETEL  515-10-1.90.%202107

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New Highs
SharenameSaleHighMove% MoveVolume
1 TASTE  11512054.55.%150919
2 EXXARO  18650188876253.47.%1336667
3 WOOLIES  31713223862.79.%3587161
4 KUMBAIO  519005273811992.36.%738429
5 MRPRICE  720072241151.62.%1262960
6 GOLDONE  37637651.35.%561783
7 A-V-I  33353440361.09.%547282
8 MIXTEL  15515510.65.%10165

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New Lows
SharenameSaleLowMove% MoveVolume
1 CITYLDG  60406040-50-0.82.%143983

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Index Summary
Index NameRPMove% Move
Top 4028,707.36177.140.62%
Mid Cap42,576.67207.160.49%
Small Cap32,435.85-26.35-0.08%
Resource 2053,973.09745.001.40%
Industrial 2528,118.9452.340.19%
Financial 158,068.74-.57-0.01%
Financial & Ind. 3031,057.4520.780.07%
All Share32,058.68187.090.59%
Oil & Gas 26,834.18141.460.53%
Mining 35,492.78493.671.41%
Gold Mining2,601.70-19.55-0.75%
Platinum Mining67.68.971.45%
Oil & Gas Producers 14,428.2476.060.53%
Basic Materials 30,145.80405.641.36%
Chemicals 13,999.91-176.45-1.24%
Forestry & Paper 14,501.3916.680.12%
Industrial Metals 31,243.31599.161.96%
Industrials 28,434.0924.370.09%
General Industrials 78,301.69-28.24-0.04%
Consumer Goods 28,031.00-95.67-0.34%
Automobiles & Parts 3,725.03-11.33-0.30%
Household Goods143.7500.08%
Health Care 33,301.49141.750.43%
Beverages 87.50-.32-0.36%
Food Producers 49,669.81292.390.59%
Index NameRPMove% Move
Personal Goods 440.85-3.00-0.68%
Consumer Services 53,477.30157.440.30%
General Retailers 42,716.08499.721.18%
Travel & Leisure 3,746.1028.340.76%
Media 82.60-.22-0.27%
Support Services 2,380.14-35.81-1.48%
Telecommunications 70,064.05592.510.85%
Financials 21,514.1012.560.06%
Banks 39,824.31-17.62-0.04%
Non-life Insurance 31,766.3126.670.08%
Life Insurance 15,889.2438.180.24%
General Financial 2,281.47-6.81-0.30%
Technology 23,216.0857.120.25%
SHARIAH TOP40 3,174.35371.18%
FTSE/JSE SHARIAH ALL3,236.50341.07%
COAL MINING24,534.977433.12%
FTSE JSE Fledgling 4,594.8080.18%
FTSE/JSE Alt X 1,158.0390.80%
RESOURCE 29,818.803811.29%
DIVIDEND PLUS171.0710.55%
FTSE/JSE RAFI 406,648.72370.56%
Capped Top 4014,999.50750.50%
Capped All Share16,162.33870.54%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
20 Jul 2011ELLIESApril 2011 (Final)
21 Jul 2011KUMBAJune 2011 (Interim)
25 Jul 2011AMPLATSJune 2011 (Interim)
25 Jul 2011ANGLOPLATCCPJune 2011 (Interim)
25 Jul 2011HULAMINJune 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
MAS11-07-1511-07-2911-08-12R 0.0214
REUNERT5.511-07-1111-07-2211-08-01R 0.0550
HUDACO11-06-2911-08-1211-08-22R 1.3000
NASPERS-N11-06-2711-09-1611-09-26R 2.7000
ARGENT11-06-2311-09-0211-09-12R 0.0300
Ex Div**
Share NameDec-DateLDTPay-DateAmount
LEWIS11-05-2311-07-1511-07-25R 2.0700
PERGRIN11-06-0111-07-1511-07-25R 0.3500
NETCARE11-05-1611-07-1511-07-25R 0.2200
NICTUS11-06-3011-07-1511-07-25R 0.0950
AMECOR11-06-2911-07-1511-07-25R 0.0800

Upcoming AGMs**
CodeCompany NameDateStatus
ILVIllovo Sugar Ltd19/07/2011Confirmed
BELBell Equipment Ltd19/07/2011Confirmed
CGRCalgro M3 Holdings Ltd20/07/2011Confirmed
ALTAllied Technologies Ltd20/07/2011Confirmed
HULBHulamin Ltd21/07/2011Confirmed

Stock Exchange News Service
19/07/201117:44 Awethu Breweries Limited - Change of Auditors
19/07/201117:20 Lewis Group Limited - Directors Dealings in Securities
19/07/201117:13GEN - FTSE/JSE Africa Index Series - Mpact Ltd (South Africa): Shares in Issue
19/07/201117:09 Hudaco Industries Limited - Dealing in securities by directors and the
19/07/201117:03 African Brick - Withdrawal of cautionary announcement
19/07/201117:00 South Ocean - Trading Statement
19/07/201116:50 Nictus Limited - Dealing in securities by Directors
19/07/201116:28 Pinnacle Point - Business Rescue Application
19/07/201116:22 African Oxygen Limited - Unaudited financial results for the six months
19/07/201116:20 Illovo Sugar Limited - Changes in Directorate
19/07/201116:19 Illovo Sugar Limited - Results of Annual General Meeting
19/07/201116:18 Illovo Sugar Limited - Annual General Meeting - 19 July 2011/Chairman`s
19/07/201115:02 AMAP - Financial effects regarding the SAMMEG, SAMSAT (CAPE) and SAMSAT
19/07/201114:42BIFR1 - FirstRand Bank Limited - Listing of New Financial Instrument
19/07/201114:41BIFR1 - FirstRand Bank Limited - Listing of New Financial Instrument
19/07/201114:30 African Oxygen Limited - Afrox trading update
19/07/201114:23BIIIPL - iNguza Investments (Proprietary) Limited - Interest Rate Reset
19/07/201114:22 Eastern Platinum Limited - Eastplats reports production results for the
19/07/201114:07BIIND - iNdwa Investments Limited - Full Capital Redemption
19/07/201114:05ATN/ATNP - Allied Electronics Corporation Limited - Dealing in securities by a
19/07/201114:00Jse: Bifr1
19/07/201113:53 Bell Equipment Limited - Report on proceedings at General Meeting
19/07/201112:34 MICROmega Holdings Limited - Unaudited interim results for the six month
19/07/201112:08 Omnia Holdings Limited - No change statement and Annual General
19/07/201111:18BIIIPL - iNguza Investments (Proprietary) Limited - Interest Rate Reset
19/07/201110:57 Miranda Mineral Holdings Limited - Appointments to the board of
19/07/201109:27 AH-Vest Limited - Resignation of Director
19/07/201109:19 Sea Kay Holdings Limited - Change to the board
19/07/201109:00 Merafe Resources Limited - Disclosure of beneficial interests in
19/07/201108:00 Woolworths Holdings Limited - Trading update and trading statement
19/07/201107:30 Reinet Investments S.C.A. Depositary Receipts - Management statement for
19/07/201107:15 Anglo American plc - Treasury shares - Transfers
19/07/201107:10 British American Tobacco p.l.c.- Transaction in own shares
19/07/201107:10SYN844 - Synthesis Funding Limited - New Financial Instrument Listing

Click here for more SENS news