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The Sharenet Daily 
Wednesday, 07 November 2012 - 20:00
 
Charts
News
Top News
Markets
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)


Charts
 
Golden Decade

We at Seed Investments write weekly newsletters and also compile a monthly market overview. Please click here to sign up on our mailing list to receive the emails directly to your mailbox.

We have recently compiled a brief overview on the Seed Absolute Return Fund, taking a look at the strategies implemented in the fund, who should invest in this fund and why. Click here to go to Seed's Articles and Research and feel free download the review and some of our fund fact sheets.

South African investors have experienced a golden decade. All asset classes have delivered high real returns over the past 10 years. The table below shows the annualised return of the different asset classes in South Africa over different periods.

From the table above we can see that over the last 10 years South Africa markets did very well, even when taking the market crash in 2008 into account. If you were invested into property you would have doubled your investment every 3 years on average.

The graph below shows how our market fared against its global counterparts. The values are all in rand terms.

From the graph above we can see that an investor would have been better off locally than abroad. The table below shows the cumulative and annualised returns for the different indices.

Over the past 10 years a few things worked in South Africa’s favour:

• The rand strengthened over the period from a very weak base
• Our economy was able to defy the naysayers
• Corporate earnings increased
• Ratings of South African companies increased (i.e. PE ratio’s increased)
• Bonds and properties re-rated
• Offshore assets performed badly due to high starting valuations and not due to poor earnings growth

Going forward can we expect another golden decade?

Unfortunately the picture is not as rosy. While some factors are improving, other factors are deteriorating. The rand is currently very strong and our local assets are expensive relative to their starting point 10 years ago. South Africa’s competitiveness has also been declining due to:

• High real wage increases
• Decreases in productivity
• Rigid labour laws
• Failing education system

It is very unlikely that we will be spoiled with similar returns over the next decade. This doesn’t mean that one should disinvest from the markets, as an investment into cash will guarantee that one loses capital on a purchasing power basis. Everyone needs to adjust their expected returns going forward and relook their investment plan to ensure that there’s enough saved up for the future.

Kind regards,

Gerbrandt Kruger

www.seedinvestments.co.za
info@seedinvestments.co.za
021 914 4966

Wed, 07 Nov 2012
Top News
[IMAGE]
South African stocks ended slightly lower on Wednesday, tracking similar moves in major overseas markets as a resurgent euro zone crisis offset early relief at U.S. President Obama's re-election.  Full story
[IMAGE]
Gold's rally to two week highs after U.S. President Barack Obama's re-election fizzled out on Wednesday, with the dollar seen as a safe-haven as investor focus shifted quickly to U.S. fiscal woes.  Full story
Fresh from a decisive re-election win, President Barack Obama returns from the campaign trail on Wednesday with little time to savour victory, facing urgent economic challenges, a looming fiscal showdown and a still-divided Congress able to block his every move.  Full story
Greek police fired teargas and water cannons to disperse thousands of protesters who flooded into the main square before parliament on Wednesday in a massive show of anger against lawmakers due to narrowly pass an austerity package.  Full story
Fresh from a decisive re-election win, President Barack Obama returns from the campaign trail on Wednesday with little time to savor victory, facing urgent economic challenges, a looming fiscal showdown and a still-divided Congress able to block his every move.  Full story
 
Markets
U.S. stocks fell more than 2 percent on Wednesday, putting the S&P 500 on track for its biggest drop since June, as investors. . .  Full story
World shares and the euro fell on Wednesday as investors worried that the deep fiscal challenge facing President Barack Obama after his re-election. . .  Full story
UK shares fell sharply from two week highs on Wednesday after concerns over growth in Europe and the U.S. swamped initial relief that. . .  Full story
European stocks fell sharply on Wednesday after persistent worries over the euro zone economy and fiscal problems in the United States eclipsed initial. . .  Full story
U.S. stocks extended losses, with all three major stock indexes dropping more than 2 percent and the S&P 500 falling below 1,400 for. . .  Full story
European shares extended losses on Wednesday, as relief over the U.S. election result was eclipsed by concerns over the U.S. "fiscal cliff" of. . .  Full story
U.S. stocks fell on Wednesday in the wake of Barack Obama's reelection as U.S. president as comments by European Central Bank President Mario. . .  Full story
European stocks gave up their gains on Wednesday, with indexes retreating from major resistance levels as nagging euro zone worries eclipsed early relief. . .  Full story
SA Business
Coal companies in South Africa signed a surprise wage deal with unions on Wednesday in an effort to avoid a wave. . .  Full story
Business confidence in South Africa ticked up in October after a sharp decline the previous month, but the mood in the. . .  Full story
South Africa exported 5.56 million tonnes of coal from the Richards Bay Coal Terminal in October, only slightly up from the. . .  Full story
South Africa's rand hit a two-week high on Wednesday as U.S. President Barack Obama won a second term in the White. . .  Full story
Standard & Poor's upgraded Nigeria's credit rating on Wednesday because of improved financial stability and optimism over reforms to the banking and electricity sectors.. . .  Full story
Standard & Poor's upgraded Nigeria's credit rating on Wednesday because of improved financial stability and optimism over reforms to the banking. . .  Full story
Neotel, the South African unit of India's Tata Communications, plans to spend 500 million rand on capital expenditure this fiscal year,. . .  Full story
South African industrial group Barloworld Ltd said on Wednesday full-year profit likely rose as much as 50 percent, lifted by buoyant. . .  Full story
Junior miner Coal of Africa warned of possible layoffs at its Mooiplaats colliery in South Africa on Wednesday as it seeks. . .  Full story
Insurer Old Mutual unveiled a Nigerian acquisition as it pressed ahead with plans to grow in sub-Saharan Africa, and said it. . .  Full story
South Africa's net gold and foreign exchange reserves fell to $48.626 billion at the end of October from $48.748 billion in. . .  Full story
Pernod Ricard plans to tap Africa's thirst for whisky, vodka and cognac at a time when China is slowing and bets. . .  Full story
Company News
Shareholders are hereby advised that the directors of Steinhoff have determined the terms of the capitalisation issue share award ("the share. . .  Full story
Holders of securities in Trencor are advised that Textainer Group Holdings Ltd (NYSE: TGH), in which Trencor has a 48,93% (30. . .  Full story
Shareholders were advised that, at the annual general meeting of Putprop held today, 7 November 2012, all the resolutions as set. . .  Full story
Coal confirmed that it has commenced a formal Section 189A process in terms of the Labour Relations Act at the Mooiplaats. . .  Full story
Shareholders were advised that the annual financial statements for the year ended 30 June 2012 will be posted to shareholders on 7 November 2012, and contain no modifications to the reviewed. . .  Full story
Good trading results were achieved in the second half and the group has delivered a strong performance for the 2012 financial year. Headline earnings per share are expected to be 40%. . .  Full story
Highlights for the quarter-ended 30 September 2012: *Further strategic progress and a resilient operational performance * Funds under management in core operations up 4% to GBP263.3 billion *Q3 NCCF outflows narrowed to GBP(0.5) billion. . .  Full story
Company Results
Interest revenue dropped 19% to R184.3 million (R227.6 million). Operating profit also dipped 9.56% to R200.2 million (R221.4 million). Profit attributable. . .  Full story
Revenue declined to USD142.6 million (USD157.7 million). An operating loss of USD44.1 million (profit of USD58.4 million) was recorded. A net. . .  Full story
Revenue for the interim period shot up to R212.7 million (2011: R176 million). Gross profit rose to R31.6 million (2011: R22.7. . .  Full story
Revenue for the interim period increased marginally to R656.2 million (R655.2 million) whilst EBITDA jumped to R132.0 million (R109.1 million). Operating. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0037471.69-125.00-0.33%
JSE Top 4017:0033294.09-137.00-0.41%
JSE Gold17:002483.96106.004.50%
JSE Financial17:0027800.17-46.00-0.17%
JSE Industrial17:0044179.22-220.00-0.50%
JSE Indust 2517:0037948.11-238.00-0.63%
JSE Resource17:0050572.69-162.00-0.32%
DJ Futures19:3212882.00-317.00-2.40%
DJ Ind20:0012955.34-290.34-2.19%
SP 50020:001397.62-30.77-2.15%
Nasdaq20:002939.40-72.53-2.41%
FTSE 10018:355791.63-93.27-1.58%
DAX19:087232.83-144.93-1.96%
CAC4019:083409.59-69.07-1.99%
Nikkei08:288972.89-2.26-0.03%
Shanghai09:282105.73-.27-0.01%
Hang-Seng10:3022099.85155.420.71%
All Ords07:404534.2030.500.68%
NZSE 5006:483943.1015.430.39%
NameTimeRPMove% Move
Gold $19:591710.40-3.57-0.21%
Gold R20:0014789.835.530.04%
Gold R/kg20:0047549348771.04%
Silver $19:5931.6390-.3110-0.97%
Platinum $19:591536.20-16.30-1.05%
Palladium $19:59607.80-7.70-1.25%
R15706/115.47.000.00%
R20406/116.13.000.00%
Brent Crude19:48107.07-2.13-1.95%
Rand / Dollar19:598.64700.02340.27%
Rand / Pound19:5513.78380.02430.18%
Rand / Euro19:5511.0338-0.0126-0.11%
Rand / NZD19:597.13980.00640.09%
Rand / AUD19:559.00300.00600.07%
Yen / Dollar19:5979.8800-0.4880-0.61%
Euro / Dollar19:580.78360.00280.36%
Dollar / Euro19:581.2763-0.0046-0.36%
Pound / Dollar19:550.62560.00060.10%

Click here for the Sharenet Spot Price page
The JSE Today

 Trading Statistics
DateAdv.Decl.Unch.ActivesVolumeValueTradesOrders
07/11/201217815383414214,791,453R12,838,609,9841282281300488
06/11/201219714172410214,459,062R10,234,583,151109362692117
05/11/201216320869440160,571,570R8,970,829,325106981297071
02/11/201224712861436222,867,282R12,165,389,9671197101550147
01/11/201217217176419216,056,575R12,017,353,5181099801337582
* Includes all listed instruments on the JSE
Major Moves Up
SharenameSaleMove% MoveVolume
1 EFFICIENT  1503025.00.%277129
2 AMECOR  2052513.89.%15900
3 VUNANI  1802012.50.%11689
4 EASTPLATS  159149.66.%55454
5 MAZOR  170106.25.%558
6 GRANPRADE  329196.13.%69000
7 HARMONY  72314116.03.%2011605
8 VALUE  550305.77.%7389
9 KEATON   282155.62.%32800
10 GFIELDS  112385084.73.%2097119
11 URONE  1740754.50.%26500
12 S-OCEAN  16574.43.%12000
13 ATLATSA  15064.17.%1010
14 ANGGOLD  3000011594.02.%911380
15 CONDUIT  10943.81.%10680
16 COMAIR  17063.66.%47960
17 ROLFES  450153.45.%72303
18 ASTRAL  101863263.31.%111499
19 TRENCOR  58011813.22.%70384
20 VPIF  825253.13.%15032

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Major Moves Down
SharenameSaleMove% MoveVolume
1 PALLINGHT  216-13-5.68.%165541
2 NIVEUS  1121-59-5.00.%101048
3 ONELOGIX  162-6-3.57.%133800
4 MVELASERV  860-30-3.37.%50
5 LIFEHC  3260-102-3.03.%3477632
6 TRNSHEX  320-10-3.03.%16081
7 EHSV  1650-49-2.88.%1082
8 NASPERSN  54770-1510-2.68.%812820
9 OCTODEC  1850-50-2.63.%7580
10 BASREAD  951-25-2.56.%410617
11 ARCMITTAL  3317-83-2.44.%468819
12 LONMIN  6580-145-2.16.%2041681
13 A-V-I  5681-119-2.05.%378092
14 LIB-HOLD  9775-190-1.91.%369046
15 ARROW-B  555-10-1.77.%121625
16 ARB  400-7-1.72.%9314
17 ANGLO  26300-456-1.70.%2828282
18 RICHEMONT  5809-99-1.68.%4692289
19 TELKOM  1720-29-1.66.%1367995
20 OCEANA  6000-100-1.64.%783

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New Highs
SharenameSaleHighMove% MoveVolume
1 ROLFES  450500153.45.%72303
2 TRENCOR  580163821813.22.%70384
3 METAIR  31883200581.85.%82666
4 CROOKES  560056001001.82.%500
5 CML  33973400320.95.%201129
6 SANLAM  40194054180.45.%5411305
7 FIRSTRAND  30303040110.36.%14444711
8 RMBH  40294059-7-0.17.%1247297

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New Lows
SharenameSaleLowMove% MoveVolume
1 ARGENT  620595172.82.%277453

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Index Summary
Index NameRPMove% Move
Top 4033,294.00-137.00-0.41%
Industrial44,179.00-220.00-0.50%
Mid Cap51,941.0013.000.03%
Small Cap38,517.00100.000.26%
Resource 2050,572.00-162.00-0.32%
Industrial 2537,948.00-238.00-0.63%
Financial 1510,395.00-23.00-0.23%
Financial & Ind. 3041,364.00-236.00-0.57%
All Share37,471.00-125.00-0.33%
Oil & Gas 28,302.00121.000.43%
Mining 32,516.00-92.00-0.28%
Gold Mining2,483.00106.004.50%
Platinum Mining51.00.001.94%
GENERAL MINING8,428.00-118.00-1.39%
Oil & Gas Producers 15,217.0065.000.43%
Basic Materials 27,854.00-93.00-0.34%
Chemicals 15,310.00112.000.74%
Forestry & Paper 16,595.00-151.00-0.90%
Industrial Metals 27,545.00-351.00-1.26%
Industrials 35,809.0083.000.23%
General Industrials 102.00.000.30%
Consumer Goods 38,071.00-230.00-0.60%
Automobiles & Parts 7,219.00132.001.86%
Household Goods196.000-0.11%
Health Care 51,900.00-346.00-0.66%
Beverages 126.00.00-0.17%
Index NameRPMove% Move
Food Producers 64,815.00-192.00-0.30%
Personal Goods 580.00-9.00-1.66%
Consumer Services 80,320.00-644.00-0.80%
General Retailers 65,843.00606.000.93%
Travel & Leisure 4,657.0012.000.27%
Media 119.00-3.00-2.48%
Support Services 2,347.00-22.00-0.97%
Telecommunications 79,394.00-183.00-0.23%
Financials 27,800.00-46.00-0.17%
Banks 50,431.00-69.00-0.14%
Non-life Insurance 46,373.00-331.00-0.71%
Life Insurance 23,827.00-128.00-0.54%
General Financial 2,504.009.000.38%
Technology 33,556.00177.000.53%
SHARIAH TOP40 3,298.00-12-0.38%
FTSE/JSE SHARIAH ALL3,400.00-12-0.37%
COAL MINING22,482.00-183-0.81%
FTSE JSE Fledgling 5,674.00270.49%
FTSE/JSE Alt X 1,098.0090.84%
SA LISTED PROPERTY 468.000.05%
CAPPED PROPERTY 382.000.10%
RESOURCE 27,865.00-50-0.18%
DIVIDEND PLUS203.000-0.05%
FTSE/JSE RAFI 407,637.00-32-0.42%
Capped Top 4017,570.00-66-0.38%
Capped All Share18,955.00-60-0.32%
JSE TABACO 5,605.00180.33%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
REIREINET INVESTMENTS SCAHOLD04/11/2012
AGLANGLO AMERICAN PLCBUY02/11/2012
CFRCOMPAGNIE FIN RICHEMONTHOLD01/11/2012
BILBHP BILLITON PLCHOLD31/10/2012
LONLONMIN PLCHOLD30/10/2012
Results Expected**
ExpectedCompany NameFin. Date
08/11/2012ANGLDSeptember 2012 (Q)
08/11/2012ANGLD-ASeptember 2012 (Q)
08/11/2012ANGLD-BSeptember 2012 (Q)
08/11/2012ANGLD-ESeptember 2012 (Q)
08/11/2012CORONATSeptember 2012 (Final)
Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
MEDCLIN06/11/201230/11/201210/12/2012R 0.2530
RAUBEX05/11/201223/11/201203/12/2012R 0.3000
BCX05/11/201211/01/201321/01/2013R 0.2000
ASCEN B02/11/201223/11/201203/12/2012R 0.0965
ASCEN A02/11/201223/11/201203/12/2012R 0.1791
Ex Div**
Share NameDec-DateLDTPay-DateAmount
OASIS19/10/201202/11/201212/11/2012R 0.4496
VIVIDEND19/10/201202/11/201212/11/2012R 0.2600
INSIMBI05/10/201202/11/201212/11/2012R 0.0200
TELEMASTR02/10/201202/11/201212/11/2012R 0.0100
LONFIN19/10/201202/11/201230/11/2012R 0.0035
Upcoming AGMs**
CodeCompany NameDateStatus
WBOPWilson Bayly Holmes - Ovcon Ltd.07/11/2012Confirmed
WBOWilson Bayly Holmes - Ovcon Ltd.07/11/2012Confirmed
PPRPutprop Ltd.07/11/2012Confirmed
NHMNortham Platinum Ltd.07/11/2012Confirmed
AEGAveng Ltd.08/11/2012Confirmed
Stock Exchange News Service
DateTimeHeadline
07/11/201217:48FRICAN RESOURCES PLC - Update regarding the acquisition of Evander Gold Mines Li...
07/11/201217:30Mondi Limited - SIP purchases
07/11/201217:27GROUP FIVE LIMITED - Dealing in securities by a director of a major subsidiary
07/11/201217:14EMPOWERMENT LIMITED - Further cautionary announcement relating to a potential de...
07/11/201217:11IMPERIAL HOLDINGS LIMITED - Dealings in Securities by Director
07/11/201217:11S A FRENCH LIMITED - Dealing in securities by an associate of a director and by ...
07/11/201217:09CALGRO M3 HOLDINGS LIMITED - Dealings in securities by a director and a director...
07/11/201217:08WILSON BAYLY HOLMES-OVCON LIMITED - Results of AGM
07/11/201217:02WOOLWORTHS HOLDINGS LIMITED - Notice Of Annual General Meeting Notification Of S...
07/11/201217:00AFRICAN RAINBOW MINERALS LIMITED - Acceptance of share options, bonus shares and...
07/11/201217:00STEINHOFF INTERNATIONAL HOLDINGS LD - Terms of the capitalisation issue share aw...
07/11/201216:35HARDWARE WAREHOUSE LIMITED - Renewal of cautionary announcement
07/11/201216:24SYNERGY INCOME FUND LIMITED - Notice of Annual General Meeting and update to abr...
07/11/201216:05SYNERGY INCOME FUND LIMITED - Dealing in securities by a director of Synergy
07/11/201216:00MACQUARIE SECURITIES SA (PTY) LTD - New Instrument Listing
07/11/201215:50ROUP LIMITED - Dealing in psg group limited shares
07/11/201215:36AFRICAN BANK INVESTMENTS LIMITED - African Bank Issues Its Second Tranche Of Chf...
07/11/201215:00MAS PLC - Interim consolidated unaudited financial statements for the six months...
07/11/201214:54GROUP FIVE LIMITED - Dealing in securities by a director of a major subsidiary
07/11/201214:37GROUP FIVE LIMITED - Dealing in securities by directors and a director of a majo...
07/11/201214:15Bauba Platinum Limited - Results Of Annual General Meeting
07/11/201214:10OR LIMITED - Third Quarter Update
07/11/201214:00CONTROL INSTRUMENTS GROUP LIMITED - Withdrawal of Cautionary and Sale of Company
07/11/201214:00LLER PLC - MillerCoors Q3 2012 earnings
07/11/201214:00PUTPROP LIMITED - Results Of Annual General Meeting
07/11/201213:54ARGENT INDUSTRIAL LIMITED - Unaudited interim condensed consolidated results for...
07/11/201212:59GROUP FIVE LIMITED - Disclosure of acquisition of securities
07/11/201212:37GROUP FIVE LIMITED - Dealing in securities by a director of a major subsidiary
07/11/201212:30Oceana Group Limited - Announcement Regarding The Call Option For A Potential Sp...
07/11/201212:29NORTHAM PLATINUM LIMITED - Results of annual general meeting
07/11/201212:23BOWLER METCALF LIMITED - Amendments to the Notice of Annual General Meeting
07/11/201212:20COAL OF AFRICA LIMITED - Coal of Africa commences Section 189A process at Mooipl...
07/11/201212:00SPUR CORPORATION LIMITED - No change statement and annual general meeting
07/11/201212:00THE THEKWINI FUND 10 - New Instrument Listing
07/11/201211:33SABVEST LIMITED - Change to directorate
07/11/201211:15MASSMART HOLDINGS LIMITED - Trading of Massmart ordinary shares on behalf of the...
07/11/201211:00A E C I LIMITED - Notice Of Property Presentation And M&A Update
07/11/201210:57O RESOURCES LIMITED - Trading of Exxaro ordinary shares on behalf of the Exxaro ...
07/11/201210:30BARLOWORLD LIMITED - Trading Statement
07/11/201210:01Transnet SOC Limited - TN25 Tap Issue
07/11/201210:00CLOVER INDUSTRIES LIMITED - Dealing In Securities By A Director Of The Company
07/11/201210:00Transnet SOC Limited - TN20 Tap Issue
07/11/201209:48HOSPITALITY PROPERTY FUND LIMITED - Report on proceedings at the annual general ...
07/11/201209:45PROP INDEX TRACKER COL INV SCHEME - Listing of 200 000 additional PropTrax TEN s...
07/11/201209:00OLD MUTUAL PLC - Old Mutual plc Interim Management Statement
07/11/201209:00CAPITAL & COUNTIES PROPERTIES PLC - Interim Management Statement for the Period ...
07/11/201208:55SYNTHESIS FUNDING LIMITED - SYN954 Synthesis Funding Limited - New Financial In...
07/11/201208:45MEDICLINIC INTERNATIONAL LIMITED - Dealings in securities by a director
07/11/201208:30SASOL LIMITED - Sasol announces pricing of debut US$ notes offering
07/11/201208:13GOLD ASHANTI LIMITED - CORRECTION of AngloGold Ashanti Suspends Mponeng Operatio...
07/11/201208:00STANDARD BANK GROUP LIMITED - Basel II Capital Adequacy Disclosure as at 30 Sept...
07/11/201207:06NY GOLD MINING COMPANY LIMITED - Press release - Harmony delivers excellent firs...
07/11/201207:05BRITISH AMERICAN TOBACCO PLC - Transaction in own shares
07/11/201207:05NY GOLD MINING COMPANY LIMITED - Results for the first Quarter ended FY13 ended ...

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