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 The Sharenet Daily 
Tuesday, 30 July 2013 - 20:00
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)

Choosing a Financial Advisor

I was recently in the position where I was asked what to look for when choosing a financial advisor. I realised that finding an advisor that suits one’s specific needs can be a daunting task. Below, summarised, are some key questions to ask when choosing a financial advisor:

How do they charge for their services and how much?

It is important to ask whether they charge an initial planning fee, whether they charge a percentage of assets under management or whether they make money on selling you a specific product. By doing this you will know whether they have an incentive to sell you certain products and may be biased towards them. Independent advisors represent several companies while tied agents are usually restricted to the company they are employed by.

Credentials and certifications:

It is best to go with an advisor with a globally recognised financial designation, including CFP/CFA/CA/Actuary. These certifications ensures that the financial planner meets the highest international level of education, experience and ethics for providing financial advice. Ideally one wants an advisor that is both qualified and experienced.

Even more important will be to check whether they are licensed with the FSB (Financial Services Board). An easy way to check this is to enter their details on the FSB website -http://www.fsb.co.za/FAIS/Search_FSP.htm

How often will the advisor communicate with you and what makes their client experience and service unique?

The regularity of meetings between you and your advisor will greatly depend on your personal goals. If your goals are, for instance, to retire within 10 years or you want to save up over the next 5 years to start your own business, one would expect a thorough evaluation and meeting at least twice a year. If, on the other hand, your objective is to assist your financial wellbeing in 40 years time and the product is a long term retirement annuity, an annual meeting may be more than enough.

Another important question will be what is the advisors area of specialization?

It is difficult, and probably impossible, for a single person to become an expert on all aspects of financial advisory as the playing field is just too big.

At Seed Investments we specialize in multi management but, coming from the wealth management space, we have recognised that there is a need to provide clients with consolidated or holistic investment reporting.

It is fairly standard from a wealth management perspective to recommend an appropriate investment portfolio for a new client but it becomes very complicated to consistently report to the client on their consolidated portfolio. The reason for this is because a client’s assets are usually spread across various platforms and each has its own method of reporting.

It is important for both the advisor and his clients to know exactly how their investments are positioned. A consolidated investment report, across all platforms, does just that.

At Seed, our wealth managers make use of consolidated reporting for their clients. This ensures that they can focus their time on providing financial advice and the ongoing management of client portfolios. Ongoing professional reporting ensures that both parties are fully aware of the client’s consolidated position on a monthly basis.

Best regards,

Renier Hugo

021 914 4966

Tue, 30 Jul 2013
Top News
South African stocks closed higher for a second-straight session on Tuesday, buoyed by paper-maker Mondi Ltd, which hit a record high after it said first-half profit would be sharply higher.  Full story

Interest and similar income declined by 1% to R25.4 billion (R25.7 billion). Net interest income was still up by 5% though, to R12.5 billion (R11.9 billion). Operating income before operating expenditure rose 7% to R20.3 billion (R19 billion). Net attributable profit increased by 13% to R4.7  Full story
Tunisia's largest labour union called on Tuesday for the dissolution of the Islamist-led government and the interior minister offered to resign as a political crisis deepened.  Full story
Egypt allowed Europe's top diplomat to meet deposed Islamist president Mohamed Mursi on Monday, flying her after dark to Mursi's secret detention facility but ruling out any role for him in ending the turmoil convulsing the country.  Full story
Thousands of people packed into a sports hall in the southern town of Pozzuoli on Tuesday to commemorate 38 people who died when a coach plunged 25 metres (80 ft) off a motorway viaduct in one of the worst road accidents in Italian history.  Full story
The Dow industrials and the S&P 500 turned lower on Tuesday, erasing earlier gains, after Verizon and Mosaic led a selloff in the. . .  Full story
European shares ended slightly higher on Tuesday as positive results from euro zone blue chips such as EDF and Air Liquide fuelled expectations. . .  Full story
Upbeat earnings from leading companies nudged Britain's benchmark equity index higher on Tuesday, enabling the market to offset a slump in Barclays after. . .  Full story
Gold inched lower in quiet trading on Tuesday as participants largely stayed on the sidelines ahead of a U.S. Federal Reserve policy statement. . .  Full story

The S&P 500 rose on Tuesday after earnings from Pfizer and others supported the market, but Mosaic and other potash producers tumbled on. . .  Full story
Stocks rose on world markets on Tuesday as data buoyed optimism about growth prospects heading into the week's meetings of the U.S., British. . .  Full story
U.S. stocks rose at the open on Tuesday, bouncing back from a decline on Monday, but shares of raw materials companies were lower. . .  Full story
European shares were flat on Tuesday, as Barclays led a selloff in banks after announcing a 5.8 billion pound rights issue and disappointing earnings,. . .  Full story

South Africa's budget deficit in the first three months of the 2013/14 fiscal year was 38.602 billion rand compared with a. . .  Full story
South African construction firm Murray & Roberts said on Tuesday it plans to buy all the shares it does not already. . .  Full story
Absa Group, the South African bank majority owned by Britain's Barclays Plc, posted a small rise in first-half earnings on Tuesday. . .  Full story
The number of South Africans out of work rose to 4.723 million in the second quarter of 2013, Statistics South Africa. . .  Full story

Rio Tinto is likely to appoint a Mongolian to head its $6.2 billion Oyu Tolgoi copper and gold mine as the company. . .  Full story
South Africa's rand was weaker against the dollar on Tuesday and is likely to remain under pressure this week ahead of. . .  Full story
Petra Diamonds Ltd said full-year production rose 21 percent and that it expected to produce 2.9 million carats to 3 million carats for. . .  Full story
From building scores of new towns to constructing state-of-the-art rail networks, China's demand for steel to feed its modern-day industrial revolution has driven a. . .  Full story
Company News
Shareholders are advised that Acucap's annual report, incorporating a notice of annual general meeting ("AGM"), was lodged with the JSE and. . .  Full story
B&W would like to announce that an Investor Presentation took place on 30 July 2013 at the Mount Nelson Hotel in. . .  Full story
Shareholders were advised that, for the year ended 30 June 2013, headline earnings per share ("HEPS") is expected to be between. . .  Full story
Shareholders of Morvest are advised that the Company has entered into agreements by which it is proposing to implement a BEE. . .  Full story
Company Results
Revenue increased to R3.6 billion (R3.1 billion). Gross profit decreased to R353.3 million (R381.3 million). Operating profit declined to R122.8 million. . .  Full story
Revenue from continuing operations for the interim period 30 June 2013 increased to GBP54.5 million (2012: GBP52 million). Net rental income. . .  Full story
d. . .  Full story
Gross income from operations and investements decreased to R75.3 million (R106.7 million). Net income for the period attributabe to equity shareholders. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0040991.30171.320.42%
JSE Top 4017:0036516.92148.360.41%
JSE Gold17:001265.61-26.04-2.02%
JSE Financial17:0030042.33-196.35-0.65%
JSE Industrial17:0054024.80832.881.57%
JSE Indust 2517:0047193.21789.381.70%
JSE Resource17:0046155.58-464.39-1.00%
DJ Futures19:5215430.00-57.00-0.37%
DJ Ind20:0015491.57-30.40-0.20%
SP 50020:001683.78-1.55-0.09%
FTSE 10017:356570.9510.700.16%
All Ords08:405026.30-1.60-0.03%
NZSE 5007:484550.59-27.89-0.61%
NameTimeRPMove% Move
Gold $19:591325.74-1.37-0.10%
Gold R20:0012999.84-19.36-0.15%
Gold R/kg20:00417945-271-0.06%
Silver $19:5919.7100-.0900-0.45%
Platinum $19:591436.50-1.50-0.10%
Palladium $19:59725.90-15.30-2.06%
Brent Crude20:00106.82-.35-0.33%
Rand / Dollar19:599.80750.02500.26%
Rand / Pound19:5514.9136-0.0628-0.42%
Rand / Euro19:5513.00120.02810.22%
Rand / NZD29/077.8625-0.0257-0.33%
Rand / AUD19:558.8889-0.1110-1.23%
Yen / Dollar19:5998.04000.09800.10%
Euro / Dollar19:550.75440.00060.08%
Dollar / Euro19:591.3252-0.0008-0.06%
Pound / Dollar19:550.65630.00460.71%

Click here for the Sharenet Spot Price page
The JSE Today

Trading Statistics
* Includes all listed instruments on the JSE
Major Moves Up
SharenameSaleMove% MoveVolume
1 BUILDMX  2102513.51.%11000
2 GIJIMA  11098.91.%25967
3 CONDUIT  150107.14.%63345
4 GOLIATH  230156.98.%1285
5 DCENTRIX  400236.10.%575
6 GROUP-5  39452165.79.%243485
7 MONDIPLCP  145637105.13.%660438
8 MPACT  25351215.01.%1224801
9 AFROX  1973934.95.%26613
10 MONDILTDP  145506634.77.%456640
11 FONEWORX  20594.59.%12065
12 URONE  26191134.51.%34720
13 TRADEH  950404.40.%850
14 OCTODEC  2000804.17.%218
15 FAIRVEST  13054.00.%389400
16 MTN  182896693.80.%3587746
17 HULAMIN  475173.71.%3461603
18 ADCORP  31731133.69.%30354
19 ILIAD  425143.41.%28360
20 NASPERSN  8300027003.36.%1793233

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Major Moves Down
SharenameSaleMove% MoveVolume
1 TOWER  901-79-8.06.%1500
2 MAZOR  171-14-7.57.%10865
3 ABSA  14100-1067-7.04.%4887091
4 GOLDONE  156-11-6.59.%16670
5 DRDGOLD  541-38-6.56.%183167
6 ROCKWELL  300-20-6.25.%8404
7 ASCEN B  245-15-5.77.%155000
8 TRNSHEX  322-18-5.29.%5928
9 ROLFES  535-25-4.46.%10600
10 CBH  350-16-4.37.%9176
11 ELLIES   755-33-4.19.%2388760
12 MUSTEK  530-20-3.64.%526063
13 IMPLATS  9650-350-3.50.%2255104
14 ANGGOLD  12845-460-3.46.%1621410
15 ATLATSA  280-10-3.45.%13893
16 DELTA  647-22-3.28.%1000
17 TASTE  352-11-3.03.%34215
18 KAP  320-8-2.44.%87457
19 ABIL  1480-35-2.31.%4228430
20 LONMIN  4690-110-2.29.%278729

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New Highs
SharenameSaleHighMove% MoveVolume
1 MONDIPLCP  14563146847105.13.%660438
2 MONDILTDP  14550146866634.77.%456640
3 NASPERSN  830008371827003.36.%1793233
4 RICHEMONT  944094751561.68.%6418590
5 JSE  811783241171.46.%288797
6 HOWDEN  39314000411.05.%52192

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New Lows
SharenameSaleLowMove% MoveVolume
1 ABIL  14801440-35-2.31.%4228430
2 AFOVR-N  13951395-5-0.36.%30
3 S-OCEAN  1201240.42500

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Index Summary
Index NameRPMove% Move
Top 4036,516.00148.000.41%
Mid Cap55,260.00265.000.48%
Small Cap45,032.00203.000.45%
Resource 2046,155.00-463.00-0.99%
Industrial 2547,193.00790.001.70%
Financial 1511,260.00-97.00-0.86%
Financial & Ind. 3049,898.00518.001.05%
All Share40,991.00172.000.42%
Oil & Gas 34,296.00187.000.55%
Mining 27,835.00-386.00-1.37%
Gold Mining1,265.00-25.00-1.97%
Platinum Mining41.00.000.27%
GENERAL MINING7,986.00-98.00-1.21%
Oil & Gas Producers 18,440.00100.000.55%
Basic Materials 24,685.00-234.00-0.94%
Chemicals 21,866.00391.001.82%
Forestry & Paper 24,356.001019.004.37%
Industrial Metals 22,729.00-302.00-1.31%
Industrials 40,929.00469.001.16%
General Industrials
Consumer Goods 50,607.00338.000.67%
Automobiles & Parts 8,109.00-19.00-0.25%
Household Goods180.0021.16%
Health Care 66,600.00787.001.20%
Beverages 160.00.00-0.01%
Index NameRPMove% Move
Food Producers 72,562.00688.000.96%
Personal Goods 942.0015.001.71%
Consumer Services 9,272.00215.002.38%
General Retailers 58,547.00536.000.92%
Travel & Leisure 5,506.0036.000.67%
Support Services 2,504.0063.002.59%
Telecommunications 8,716.00284.003.37%
Financials 30,042.00-195.00-0.65%
Banks 49,065.00-831.00-1.67%
Non-life Insurance 49,275.0015.000.03%
Life Insurance 28,869.00-124.00-0.43%
General Financial 2,792.00-7.00-0.25%
Technology 40,841.00-267.00-0.65%
SHARIAH TOP40 3,405.0030.12%
FTSE/JSE SHARIAH ALL3,540.0060.19%
COAL MINING19,451.00-131-0.67%
FTSE JSE Fledgling 5,566.0030.07%
FTSE/JSE Alt X 1,010.0030.31%
RESOURCE 25,210.00-262-1.03%
DIVIDEND PLUS202.0000.49%
FTSE/JSE RAFI 408,058.00140.18%
Capped Top 4019,307.00990.52%
Capped All Share20,755.00940.46%
JSE TABACO 6,673.00160.25%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
31/07/2013AQUARIUSJune 2013 (Q)
31/07/2013AQUARIUSCVTJune 2013 (Q)
31/07/2013BATSJune 2013 (Interim)
31/07/2013CAPITALJune 2013 (Interim)
31/07/2013KIBOMarch 2013 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
OANDO29/07/201301/08/201330/08/2013R 0.7500
CULINAN5.526/07/201316/08/201326/08/2013R 0.0550
ANGLO26/07/201308/08/201312/09/2013R 0.3200
AECI24/07/201330/08/201309/09/2013R 1.0500
KUMBA19/07/201308/08/201319/08/2013R 20.1000
Ex Div**
Share NameDec-DateLDTPay-DateAmount
SBR00306/05/201326/07/201305/08/2013R 1.3600
FOORDCMPS09/07/201326/07/201305/08/2013R 0.3000
BRAIT05/06/201326/07/201305/08/2013R 0.2664
INVPLC23/05/201326/07/201312/08/2013R 0.1000
INVLTD23/05/201326/07/201312/08/2013R 0.1000

Upcoming AGMs**
CodeCompany NameDateStatus
SNVSantova Ltd.30/07/2013Confirmed
TONTongaat Hulett Ltd.31/07/2013Confirmed
JDHJohn Daniel Holdings Ltd.31/07/2013Confirmed
LHGPLitha Healthcare Group Ltd.31/07/2013Confirmed
LHGLitha Healthcare Group Ltd.31/07/2013Confirmed

Stock Exchange News Service
30/07/201317:45MICROMEGA HOLDINGS LIMITED - General Repurchase of Shares
30/07/201317:30NEW EUROPE PROPERTY INVESTMENTS PLC - Rights Offer - Dealing in Securities
30/07/201317:15MURRAY & ROBERTS HOLDINGS LIMITED - Proposal to acquire Clough Limited at A$1.46...
30/07/201317:07ACUCAP PROPERTIES LIMITED - ACP - Posting of Annual Report and Notice of Annual ...
30/07/201316:30VUKILE PROPERTY FUND LIMITED - Dealing in securities by a director of Vukile
30/07/201316:00FERRUM CRESCENT LIMITED - Quarterly results for the three month period ending 30...
30/07/201315:55LONMIN PLC - Additional listing
30/07/201315:46RMB CIS MANCO (PTY) LIMITED - Listing of Additional RMB Inflation-X Securities
30/07/201315:45ADCORP HOLDINGS LIMITED - New Instrument Listing - ADCB02
30/07/201315:45Capitec Bank Limited - Interest Rate Reset - CBL09
30/07/201315:15NASPERS LIMITED - Director's dealings in Securities
30/07/201315:03VILLAGE MAIN REEF LIMITED - Village suspends financial assistance to Blyvooruitz...
30/07/201315:00SABMILLER PLC - Notification of transactions of directors, persons discharging m...
30/07/201313:49CONVERGENET HOLDINGS LIMITED - Appointment of interim Chief Executive Officer
30/07/201313:45SANTOVA LIMITED - Results of the Annual General Meeting
30/07/201313:00JSE LIMITED - Waterberg Coal Company Limited - Off-Market Takeover Offer by Wate...
30/07/201312:22TELKOM SA SOC LIMITED - Dealings by associate of a director
30/07/201312:00INVESTEC BANK LIMITED - Dividend Announcement AGLIHL
30/07/201311:40GOLD FIELDS LIMITED - Media release - Gold Fields appoints new head for West Afr...
30/07/201311:35INVICTA HOLDINGS LIMITED - Change to the board
30/07/201311:301TIME HOLDINGS LIMITED - Renewal of cautionary
30/07/201311:30B&W INSTRUMENTATION & ELECTRICAL LD - Investor Presentation
30/07/201311:30SIBANYE GOLD LIMITED - Sibanye Gold to release operating and financial results f...
30/07/201311:05RESOURCE GENERATION LIMITED - Analysis of Holdings as at 30 July 2013
30/07/201311:03REDEFINE PROP INTERNATIONAL LTD - Change to the board of directors - Appointment...
30/07/201311:00RESOURCE GENERATION LIMITED - Top 20 Holdings as at 30 July 2013
30/07/201310:52SABVEST LIMITED - Unaudited interim results for the six months ended 30 June 201...
30/07/201310:30RESOURCE GENERATION LIMITED - Appendix 3B
30/07/201310:13INVESTEC BANK LIMITED - Expiry: MPCIHA
30/07/201310:12TAWANA RESOURCES NL - Investor Presentation
30/07/201310:04ALERT STEEL HOLDINGS LIMITED - Change to board of directors
30/07/201309:54TAWANA RESOURCES NL - Underwriting of Options expiring 30 July 2013
30/07/201309:53AFRICAN BANK INVESTMENTS LIMITED - Trading update for the third quarter ended 30...
30/07/201309:27ARGENT INDUSTRIAL LIMITED - Changes to Company Secretary
30/07/201309:15HUDACO INDUSTRIES LIMITED - Dealing in securities by Directors and the Company S...
30/07/201309:05GROWTHPOINT PROPERTIES LIMITED - GPT26-New financial instrument listing
30/07/201308:55KAGISO MEDIA LIMITED - Trading Statement
30/07/201308:53FIRESTONE ENERGY LIMITED - Appendix 5B Mining exploration entity quarterly repor...
30/07/201308:45FIRESTONE ENERGY LIMITED - Quarterly Activities Report for the Period to 30 Jun...
30/07/201308:00CAPITAL & COUNTIES PROPERTIES PLC - Interim Report for the Six Months Ended 30 J...
30/07/201308:00MONDI PLC - Mondi Group: Trading statement
30/07/201308:00JUBILEE PLATINUM PLC - Acquisition of Platinum Australia Limited - Market update
30/07/201308:00DIAMONDCORP PLC - Appointment of non-executive director and retirement of non-ex...
30/07/201307:42SATRIX COLLECTIVE INVESTMENT SCHEME - Announcement for July 2013 and salient dat...
30/07/201307:30ABSA BANK LIMITED - Unaudited condensed consolidated financial results for the i...
30/07/201307:18BRITISH AMERICAN TOBACCO PLC - Transaction in own shares
30/07/201307:05MORVEST BUSINESS GROUP LIMITED - Specific issue of shares for cash BEE Transacti...
30/07/201307:05ABSA GROUP LIMITED - Unaudited condensed consolidated financial results for the ...

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