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The Sharenet Daily 
Monday, 12 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

Mon, 12 Nov 2012
Top News
[IMAGE]
Britain's FTSE 100 finished flat but outperformed European stocks on Monday, led by a financials sector that bucked the broader European trend as investors sought refuge from euro zone debt distress.  Full story
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Vodacom is looking for acquisitions in sub-Saharan Africa, a sign the South African mobile operator aims to be a bigger player in the fast-growing continent.  Full story
Spanish Economy Minister Luis de Guindos promised on Monday that no needy family will go homeless over mortgage arrears, responding to public fury at a homeowner's suicide as she was being evicted.  Full story
Syria's newly named opposition leader, a soft-spoken cleric backed by Washington and the Gulf Arab states, launched his quest on Monday for international recognition of a government-in-waiting to topple President Bashar al-Assad.  Full story
Sporadic missile fire from the Gaza Strip hit southern Israel on Monday for a fourth straight day, with Egypt trying to secure a truce and Israel warning it was poised to toughen its response.  Full story
 
Markets
European shares ended lower for a fourth straight session on Monday, with mounting uncertainties related to a looming U.S. fiscal crisis and the. . .  Full story
U.S. stocks fell on Monday, extending their losses after suffering the worst weekly decline in five months, as lingering worries about the upcoming. . .  Full story
European shares ended lower for a fourth straight session on Monday, with mounting uncertainties related to a looming U.S. fiscal crisis and the. . .  Full story
U.S. stocks edged down in light holiday trade and world shares stabilized o n M onday after three straight sessions of losses as. . .  Full story
Gold edged up to near a three-week peak on Monday, supported by expectations U.S. monetary policy will remain ultra-loose, while investors also bought the. . .  Full story
U.S. stock indexes rose at the open on Monday, coming off the worst weekly drop since early June, on upbeat economic data from. . .  Full story
Britain's top share index edged higher on Monday, helped by gains for advertising firm WPP after French peer Publicis said on Sunday. . .  Full story
European stock index futures signalled a lower open on Monday, adding to last week's losses, as fears over the U.S. fiscal cliff and. . .  Full story
SA Business
South African police said on Monday officers had fired rubber bullets to disperse protesting miners who barricaded a road leading to. . .  Full story
Anglo American Platinum (Amplats) has extended the deadline to Wednesday for striking workers at several of its South African mines to. . .  Full story
South Africa's rand kicked off the week on a firmer footing against the dollar on Monday and should largely drift within. . .  Full story
South Africa's Tongaat Hulett reported a 28 percent rise in first-half profit on Monday, benefiting from higher sugar and industrial land. . .  Full story
Impala Platinum Holdings Limited, the world's No.2 platinum producer, expects the market for the precious metal with industrial uses to be in deficit for 2012 and the next few years, a. . .  Full story
Running around the clock and selling everything it can build, Hyundai Motor's Indian factory is bursting at the seams. But as demand grows and rivals scale up, the car maker has chosen to take its. . .  Full story
Running around the clock and selling everything it can build, Hyundai Motor's Indian factory is bursting at the seams. But as demand grows and rivals scale up, the car maker has chosen to take its. . .  Full story
Company News
Shareholders were advised of the following changes to the Chemspec board of directors ("the board") with effect from 1 January 2013: Following. . .  Full story
Shareholders were advised that as the pro forma financial effects of the Purchase Agreement have now been disclosed, caution is no. . .  Full story
Shareholders are referred to the terms announcement released by the company on 11 October 2012 ("the Terms Announcement"), in terms of. . .  Full story
Unitholders are referred to the SENS announcement of Friday, 19 October 2012, where it was announced that an unit distribution of. . .  Full story
HCI shareholders were informed that it is expected that for the six months ended 30 September 2012, HCI's headline earnings will. . .  Full story
The company announced that Tumi Makgabo has been appointed as an independent non-executive director of TFG with immediate effect. The. . .  Full story
The following prospectus has been approved by the UK Listing Authority and is available for viewing: Prospectus dated 7 November. . .  Full story
Shareholders were referred to the cautionary announcement, dated 01 October 2012, and were advised that the company is currently still in. . .  Full story
Company Results
Revenue increased by 37% to R3.5 billion (R2.6 billion). Operating income was up 21% to R314.7 million (R260.9 million). Net attributable. . .  Full story
Revenue increased to R564.3 million (September 2011: R469 million), gross profit also improved to R353.4 million (September 2011: R286.2 million). Operating. . .  Full story
Revenue increased to R7.4 billion (R6 billion).Operating profit rose to R1.3 billion (R1 billion). Net attributable profit grew to R655 million. . .  Full story
Revenue rose by 13% to R8.2 billion (R7.2 billion). Operating profit was down 29% to R477.1 million (R674.9 million). Net attributable. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0037463.20119.000.32%
JSE Top 4017:0033244.66122.000.37%
JSE Gold17:002454.46-11.00-0.47%
JSE Financial17:0027643.5128.000.10%
JSE Industrial17:0044767.74385.000.87%
JSE Indust 2517:0038534.37390.001.02%
JSE Resource17:0049606.54-199.00-0.40%
DJ Futures20:0012765.001.000.01%
DJ Ind20:0012819.814.420.03%
SP 50020:001380.901.050.08%
Nasdaq20:002909.304.430.15%
FTSE 10018:355767.27-2.41-0.04%
DAX19:087168.765.260.07%
CAC4019:083411.65-11.92-0.35%
Nikkei08:088676.44-81.16-0.93%
Shanghai09:302079.2710.210.49%
Hang-Seng10:2821430.3045.920.21%
All Ords07:494469.90-12.60-0.28%
NZSE 5006:523983.9926.070.66%
NameTimeRPMove% Move
Gold $19:581728.21-4.07-0.23%
Gold R20:0015117.5255.350.37%
Gold R/kg20:004860282330.05%
Silver $19:5832.3400-.2400-0.74%
Platinum $19:581557.7512.450.81%
Palladium $19:58605.502.500.41%
R15709/115.45.010.00%
R20409/116.12.020.00%
Brent Crude20:00109.011.060.98%
Rand / Dollar19:588.74750.05110.59%
Rand / Pound19:5513.85440.04300.31%
Rand / Euro19:5511.12020.05390.49%
Rand / NZD19:577.15490.06850.97%
Rand / AUD19:559.12580.07730.85%
Yen / Dollar19:5879.44000.01400.02%
Euro / Dollar19:550.78640.00030.04%
Dollar / Euro19:581.2712-0.0003-0.03%
Pound / Dollar19:550.62980.00130.21%

Click here for the Sharenet Spot Price page
The JSE Today

 Trading Statistics
DateAdv.Decl.Unch.ActivesVolumeValueTradesOrders
12/11/201219016862420176,513,452R9,640,520,8031166991055692
09/11/201216918363415193,454,546R11,801,309,2381188071561000
08/11/201218415976419195,779,601R12,222,940,645122751306755
07/11/201217815383414214,791,453R12,838,609,9841282281300488
06/11/201219714172410214,459,062R10,234,583,151109362692117
* Includes all listed instruments on the JSE
Major Moves Up
SharenameSaleMove% MoveVolume
1 KEATON   278186.92.%12807
2 VILLAGE  12665.00.%2376919
3 AFRO-C  440204.76.%68726
4 URONE  1788784.56.%17800
5 RICHEMONT  61002584.42.%6620163
6 COAL  20084.17.%487694
7 VALUE  544214.02.%4815
8 JASCO  15753.29.%113594
9 TRUSTCO  10932.83.%169693
10 SOVFOOD  565152.73.%26130
11 CBH  390102.63.%102300
12 DRDGOLD  671172.60.%1213284
13 BELL  2000502.56.%19554
14 CAT  1690402.42.%26085
15 PALLINGHT  21652.37.%191451
16 ALTRON-P  2200502.33.%30659
17 BRAIT  3555792.27.%222371
18 SENTULA  18042.27.%169958
19 ALTRON  2249492.23.%2344
20 REUNERT  77891692.22.%171922

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Major Moves Down
SharenameSaleMove% MoveVolume
1 EFFICIENT  155-25-13.89.%8000
2 KELLY  140-15-9.68.%333
3 MARSHALL  620-60-8.82.%20000
4 EASTPLATS  144-9-5.88.%5256
5 REBOSIS  1081-59-5.18.%33195
6 OCTODEC  1790-85-4.53.%15232
7 NIVEUS  1116-46-3.96.%56100
8 PETMIN  202-8-3.81.%8068713
9 SYNERGY-A  1040-40-3.70.%4600
10 AFROC-P  1300-50-3.70.%1050
11 DIGICOR  256-9-3.40.%12000
12 LITHA  400-14-3.38.%148340
13 GOLDONE  300-10-3.23.%13305
14 ITLTILE  620-20-3.13.%144735
15 VIVIDEND  530-17-3.11.%111054
16 PRESCIENT  126-4-3.08.%197470
17 PREMIUM  1630-50-2.98.%10900
18 TFG  13151-399-2.94.%554369
19 ARCMITTAL  3115-85-2.66.%368592
20 HARMONY  7229-176-2.38.%789001

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New Highs
SharenameSaleHighMove% MoveVolume
1 RICHEMONT  610061812584.42.%6620163
2 DRDGOLD  671678172.60.%1213284
3 SHOPRIT  18322185003211.78.%1179128
4 CML  35753602551.56.%600372
5 GRANPRADE  35037951.45.%813458
6 CLICKS  63626561821.31.%887552
7 WOOLIES  71507175851.20.%2785760
8 TSOGO-SUN  24602559100.41.%197541
9 WBHO  1525015252510.34.%83389
10 MTN  1684016945340.20.%4367047
11 MRPRICE  1443014656-20-0.14.%573657

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New Lows
SharenameSaleLowMove% MoveVolume
1 KELLY  140140-15-9.68.%333
2 ARCMITTAL  31153081-85-2.66.%368592
3 AVENG  28232823-67-2.32.%2038733
4 ANGLOPLAT  3830638000-884-2.26.%181376

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Index Summary
Index NameRPMove% Move
Top 4033,244.00122.000.37%
Industrial44,767.00385.000.87%
Mid Cap52,309.0053.000.10%
Small Cap38,546.00-51.00-0.13%
Resource 2049,606.00-199.00-0.40%
Industrial 2538,534.00390.001.02%
Financial 1510,290.00-1.00-0.02%
Financial & Ind. 3041,699.00341.000.83%
All Share37,463.00119.000.32%
Oil & Gas 27,734.00-113.00-0.41%
Mining 31,927.00-140.00-0.44%
Gold Mining2,454.00-11.00-0.47%
Platinum Mining48.00.00-0.33%
GENERAL MINING8,318.00-19.00-0.24%
Oil & Gas Producers 14,912.00-60.00-0.40%
Basic Materials 27,387.00-120.00-0.44%
Chemicals 15,691.0012.000.08%
Forestry & Paper 16,612.00-4.00-0.02%
Industrial Metals 27,072.00-261.00-0.96%
Industrials 35,576.00-3.00-0.01%
General Industrials 101.00.000.79%
Consumer Goods 38,730.00630.001.66%
Automobiles & Parts 6,936.00-17.00-0.26%
Household Goods194.0042.22%
Health Care 52,585.00153.000.29%
Beverages 126.00.000.75%
Index NameRPMove% Move
Food Producers 65,354.00-195.00-0.30%
Personal Goods 609.0026.004.50%
Consumer Services 81,767.00447.000.55%
General Retailers 67,892.00-98.00-0.14%
Travel & Leisure 4,664.008.000.19%
Media 120.001.001.15%
Support Services 2,394.00.000.02%
Telecommunications 80,926.00643.000.80%
Financials 27,643.0028.000.10%
Banks 49,754.00-146.00-0.29%
Non-life Insurance 46,578.00159.000.34%
Life Insurance 23,472.0056.000.24%
General Financial 2,526.0014.000.56%
Technology 33,646.00-213.00-0.63%
SHARIAH TOP40 3,288.00120.38%
FTSE/JSE SHARIAH ALL3,391.00120.36%
COAL MINING22,315.00730.33%
FTSE JSE Fledgling 5,656.00-8-0.15%
FTSE/JSE Alt X 1,011.00-46-4.40%
SA LISTED PROPERTY 472.000.35%
CAPPED PROPERTY 385.000.56%
RESOURCE 27,353.00-119-0.43%
DIVIDEND PLUS204.0000.44%
FTSE/JSE RAFI 407,584.00110.15%
Capped Top 4017,545.00650.37%
Capped All Share18,951.00600.32%
JSE TABACO 5,719.00270.48%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
SHPSHOPRITE HOLDINGS LIMITEDSELL07/11/2012
MDCMEDICLINIC INTERNATIONALHOLD07/11/2012
OMLOLD MUTUAL PLCBUY06/11/2012
PIKPICK N PAY STORES LIMITEDHOLD06/11/2012
RBXRAUBEX GROUP LTDHOLD06/11/2012
Results Expected**
ExpectedCompany NameFin. Date
13/11/2012PPCSeptember 2012 (Final)
13/11/2012SPARSeptember 2012 (Final)
13/11/2012STEFSTOCKAugust 2012 (Interim)
13/11/2012TSO SUNSeptember 2012 (Interim)
13/11/2012VILLAGESeptember 2012 (Q)
Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
FAIRVEST09/11/201223/11/201203/12/2012R 0.0371
OCEANA08/11/201204/01/201314/01/2013R 2.5600
TFG08/11/201227/12/201207/01/2013R 2.3600
TFG PREF08/11/201214/03/201325/03/2013R 0.0650
TRUSTCO08/11/201223/11/201214/12/2012R 0.0190
Ex Div**
Share NameDec-DateLDTPay-DateAmount
REMGRO20/09/201209/11/201219/11/2012R 1.8800
OCTODEC22/10/201209/11/201219/11/2012R 0.6610
PREMIUM22/10/201209/11/201219/11/2012R 0.6000
REBOSIS25/10/201209/11/201219/11/2012R 0.4250
PINNACLE06/09/201209/11/201219/11/2012R 0.3500
Upcoming AGMs**
CodeCompany NameDateStatus
EQSEqstra Holdings Ltd.13/11/2012Confirmed
EMIEmira Property Fund13/11/2012Confirmed
EQSBEqstra Holdings Ltd.13/11/2012Confirmed
EQSAEqstra Holdings Ltd.13/11/2012Confirmed
GRTGrowthpoint Properties Ltd.13/11/2012Confirmed
Stock Exchange News Service
DateTimeHeadline
12/11/201217:40ANGLO AMERICAN PLC - Treasury Shares - Transfers
12/11/201217:31DISCOVERY HOLDINGS LIMITED - Dealings in securities by a director
12/11/201217:15CAPITEC BANK HOLDINGS LIMITED - Dealing in securities by a director and his asso...
12/11/201217:10CAPITEC BANK HOLDINGS LIMITED - Dealing in securities by directors, the company ...
12/11/201217:05INVICTA HOLDINGS LIMITED - Results of extraordinary General Meeting
12/11/201216:39NY GOLD MINING COMPANY LIMITED - Fatal accident at Kusasalethu mine_12 November ...
12/11/201216:37CHEMICAL SPECIALITIES LIMITED - Change to the board and new appointment
12/11/201216:37MASSMART HOLDINGS LIMITED - Trading of Massmart ordinary shares on behalf of the...
12/11/201216:33MASSMART HOLDINGS LIMITED - Notification of Directors dealing in Massmart Holdin...
12/11/201216:30WOOLWORTHS HOLDINGS LIMITED - Dealings In Securities By A Director
12/11/201216:29MUVONI TECHNOLOGY GROUP LTD - Proforma financial effects and withdrawal of cauti...
12/11/201216:12PLATFIELDS LIMITED - Trading Statement
12/11/201216:10SEA KAY HOLDINGS LIMITED - Resignation of LJ Mahlangu and A Green
12/11/201216:09SEA KAY HOLDINGS LIMITED - CANCELLATION OF S325295 Resignation of Mrs K van der ...
12/11/201215:45GE MAIN REEF LIMITED - Cautionary announcement
12/11/201215:30 CRESCENT PROPERTY FUND - Results announcement in respect of the unit distributi...
12/11/201215:25HOSKEN CONSOLIDATED INVESTMENTS LTD - Trading Statement
12/11/201214:32ALLIED TECHNOLOGIES LIMITED - Notification of change of address
12/11/201214:10SEA KAY HOLDINGS LIMITED - Resignation of Mrs K van der Vyver
12/11/201214:05SOUTHERN ELECTRICITY COMPANY LTD - Postponement Of Annual General Meeting
12/11/201214:02N LIMITED - Director's Dealing in Securities
12/11/201214:01O RESOURCES LIMITED - Trading of Exxaro ordinary shares on behalf of the Exxaro ...
12/11/201214:00O RESOURCES LIMITED - Trading of Exxaro ordinary shares on behalf of the Kumba M...
12/11/201214:00GREENHOUSE FUNDING (PTY) LTD - Greenhouse Funding (Pty) Ltd - Full Capital Redem...
12/11/201214:00THE FOSCHINI GROUP LIMITED - Changes to the Board of Directors
12/11/201213:41GROUP FIVE LIMITED - Dealing in securities by a director of a major subsidiary
12/11/201213:31BSI STEEL LIMITED - Director's dealing in securities
12/11/201213:30SYNTHESIS FUNDING LIMITED - SYN955 Synthesis Funding Limited - New Financial In...
12/11/201213:30OLD MUTUAL PLC - Publication of Euro Note Programme Prospectus
12/11/201213:26BSI STEEL LIMITED - Director's dealing in securities
12/11/201213:13TRUSTCO GROUP HOLDINGS LIMITED - Renewal of cautionary announcement
12/11/201212:40METMAR LIMITED - Dealing in Securities by a Director
12/11/201212:16THE STANDARD BANK OF SA LTD - Interest Rate Announcement CLN0219/CLN220
12/11/201212:15IDWALA INDUSTRIAL HOLDINGS PTY LTD - New Instrument Listing - IDW003
12/11/201212:15INDWA INVESTMENTS LIMITED - Full Capital Redemption - IND246
12/11/201212:14IDWALA INDUSTRIAL HOLDINGS PTY LTD - CANCELLATION OF S325159 New Instrument List...
12/11/201211:57THE STANDARD BANK OF SA LTD - Interest Rate Announcement - CLN158/CLN234/CLN235
12/11/201211:52DISTELL GROUP LIMITED - Dealings In Securities By A Director Of A Major Subsidia...
12/11/201211:35THE STANDARD BANK OF SA LTD - Interest Rate Announcement - CLN230/CLN231
12/11/201211:16ABSA BANK LIMITED - ACL199 - New Financial Instrument Listing
12/11/201211:14STRATCORP LIMITED - Further cautionary announcement
12/11/201211:00DEUTSCHE BANK AG - Deutsche Bank AG- Listing
12/11/201210:51IVUZI INVESTMENTS LIMITED - New Instrument Listing - IVA307
12/11/201210:03LONRHO PLC - FastJet monthly statistics October 2012
12/11/201210:00TREMATON CAPITAL INVESTMENTS LTD - Publication date Abridged Audited Annual Resu...
12/11/201209:50CAPITEC BANK HOLDINGS LIMITED - Capitec rights offer results announcement
12/11/201209:49CAPITEC BANK HOLDINGS LIMITED - CANCELLATION OF S325256 Capitec rights offer res...
12/11/201209:48MEDICLINIC INTERNATIONAL LIMITED - Dealings in securities by The Company Secreta...
12/11/201209:45E INDUSTRIES LIMITED - Progress report to shareholders
12/11/201209:00LONRHO PLC - Fastjet Plc $2.4 million Placing
12/11/201209:00Central Rand Gold Limited - Interim Management Statement And Competent Persons R...
12/11/201209:00AFRICAN EAGLE RESOURCES PLC - Update on Disposal of Zambian Copper Assets
12/11/201209:00IMITED - Change of financial director
12/11/201209:00IMBALIE BEAUTY LIMITED - Reviewed group condensed interim financial results for ...
12/11/201209:00CAPITEC BANK HOLDINGS LIMITED - Capitec rights offer results announcement
12/11/201208:17VERIMARK HOLDINGS LIMITED - Unaudited interim results for the six months ended...
12/11/201208:00CADIZ HOLDINGS LIMITED - Unaudited Interim Results for the six months ended 30 S...
12/11/201207:25ANGLO AMERICAN PLC - Treasury shares - Transfers
12/11/201207:17ANGLO AMERICAN PLC - Share Incentive Plan
12/11/201207:11VODACOM GROUP LIMITED - VOD005 - Interim resultd for the six months ended 30 Sep...
12/11/201207:10GOLD ONE INTERNATIONAL LIMITED - Gold One, COSATU and NUM Collaborate to Ensure ...
12/11/201207:10FIRST URANIUM CORPORATION - Financial results
12/11/201207:10OM GROUP LIMITED - Interim results for the six months ended 30 September 2012
12/11/201207:07ANGLO AMERICAN PLC - Anglo American update re Anglo Platinum
12/11/201207:07BRITISH AMERICAN TOBACCO PLC - Transaction in own shares
12/11/201207:05DIPULA INCOME FUND LTD - Acquisition of Tembisa Mega Mart, Orange Farm and Melki...
12/11/201207:05 GROUP LIMITED - Unaudited interim results for the six months ended 30 September...
12/11/201207:05INVICTA HOLDINGS LIMITED - Unaudited interim results for the six months ended 30...
12/11/201207:05AT HULETT LIMITED - Unaudited Interim Results for the six months ended 30 Septem...
12/11/201207:05ELEMATICS LIMITED - Unaudited group interim financial results for the six month ...
12/11/201207:05ASTRAL FOODS LIMITED - Audited Annual Financial Results and Dividend Declaration...

Click here for more SENS news