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 The Sharenet Daily 
Tuesday, 24 February 2015 - 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)

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Seed Weekly - The Value of Good Advice

Placing a value on good advice is never a straightforward calculation to make. There are, however, several areas in which good advice can prove to add tremendous value.

1. Retirement planning

This is generally the 1st step where advice can add value and lays the groundwork for most of the work that follows. We use a variety of tools and methods to make an informed recommendation to our clients. Having an idea (without being able to see what the future holds) of what is needed to reach your objectives removes much uncertainty. A typical retirement plan will have reference to the estimated asset level compared to the level required over time with a graph detailing the recommended composition of the portfolio in the future:

2. Investment consulting, asset allocation & portfolio risk

Once the above has been done, and we know what objectives we need to reach, it is time to decide on the best way to get there. This step generally involves analysing which vehicles will be best suited to your needs, the amount of risk allowed in the portfolio and also a general medium-long term outlook of the manner in which the portfolio will be managed. One of the more important parts of this step is the discussion to be had regarding the risk in the portfolio and the suitability thereof to the client. We place great emphasis on ensuring the level of risk in portfolios reflect the needs of the client.

Your personalised investment plan will always be broken down between strategies and asset classes.

3. Manager selection

Once an appropriate investment strategy has been established, and it is known what the recommended asset allocation needs to be, the manager of the underlying asset classes needs to be appointed. At Seed we are very fortunate to have a great team of researchers and investment professionals whose full time job it is to do research on the best investment options available to our clients. The allocation to the chosen managers and asset classes are done mostly in our funds. This allows for a very efficient management of client portfolios as the manager allocation within the portfolios and the asset class exposure is continuously managed and monitored.

4. Risk/insurance consulting

We have recently embarked on increasing the offering to our clients by adding risk consulting to our stable of services. This allows us to assist clients in the servicing of risk needs including life insurance, income protection, key person insurance, buy-sell agreements and contingent liability cover. We look forward to assisting our clients in this regard going forward.

5. Succession & estate planning

Although Seed doesn’t perform this service directly we use the expertise of a well-respected firm specialising in estate and succession planning. We are trained to recognise gaps in the existing structure and could recommend the action steps needed to ensure your affairs are in order.

6. Qualitative

The last point relates to the fact that it offers tremendous peace of mind knowing that someone you know and trust is looking after your financial portfolio and is acting in your best interest. We spend considerable effort in the alignment of our business interests to that of our clients and believe that fostering personal relationships with our clients goes a long way to ensure trust is built up and maintained. This qualitative factor is a non-negotiable for us.

At Seed we have refocused our efforts on ensuring that our clients are afforded a level of service second to none, we encourage you to watch this space closely as we re-develop our service offering over the next few months.

Kind regards,

Stefan Keeve

021 914 4966

Tue, 24 Feb 2015
Top News
South Africa's rand gained on Tuesday supported by better-than-expected fourth quarter economic growth numbers but traders remained cautious ahead of a budget speech the next day.  Full story

Local markets In economic news, South Africa’s GDP for the fourth quarter last year grew by 4.1%, while manufacturing increased by 9.5% for the first time in a year.  Full story
A Los Angeles-bound commuter train slammed into a tractor trailer stopped on the tracks in Oxnard, California, during the morning rush hour on Tuesday, injuring more than 30 people, some of them seriously, authorities said.  Full story
Iran's nuclear negotiator promised speedier cooperation with the International Atomic Energy Agency on Tuesday, days after the U.N. watchdog said Tehran was continuing to stall parts of an investigation into its nuclear programme.  Full story
Indonesia's president said on Tuesday the planned execution of 11 convicts on death row, most on drugs charges, would not be delayed, warning foreign countries not to intervene in his government's right to use capital punishment.  Full story
The dollar edged lower and bond yields fell after U.S. Federal Reserve Chair Janet Yellen said on Tuesday it would be several months. . .  Full story
Gold slid below $1,200 an ounce on Tuesday as news that the Eurogroup had approved Greece's reform plan boosted appetite for assets viewed. . .  Full story
Japan's Nikkei share average rose for a fifth straight day on Tuesday and scored another 15-year high after the yen weakened, while investors. . .  Full story
Australian shares edged up to a seven-year closing high on Tuesday as promising results in the mining, finance and healthcare sectors underpinned buying.. . .  Full story

U.S. stocks hovered near all-time highs on Monday, held down by a sharp drop in crude oil prices, while European shares rallied to. . .  Full story
Australian shares are set for a cautious start on Tuesday as lower oil prices weighed on Wall Street, with investors looking to a. . .  Full story
Gold steadied in choppy dealings on Monday, bouncing up from a seven-week low as the dollar pared gains after weaker-than-expected U.S. data raised doubts. . .  Full story
Japan's Nikkei share average hit a near 15-year high on Monday after Greece clinched a deal with its euro zone partners to extend. . .  Full story
SA Business
South Africa's GDP expanded above forecasts by an annualised 4.1 percent quarter-on-quarter in the last three months of 2014 compared with a revised growth of 2.1 percent in Q3, Statistics South. . .  Full story
Africa's biggest grocer Shoprite posted slightly faster first-half profit growth on Tuesday, as debt-laden consumers took advantage of lower fuel prices and a price war between supermarket chains.. . .  Full story
South Africa's Discovery, the country's biggest health insurer, said on Tuesday it plans a rights issue to raise as much as 5 billion rand ($429 million) to finance expansion, sending. . .  Full story

South Africa's third-largest telecoms operator Cell C said on Tuesday it grew its full-year revenue by 16 percent and planned to. . .  Full story
Britain's biggest payday lender Wonga Group is to cut 325 jobs in a restructuring to focus on its main activity of short-term consumer. . .  Full story
South African paper maker Mondi reported a 10 percent rise in full-year underlying profit on Tuesday on rising packaging paper sales. . .  Full story
Global miner BHP Billiton posted a 31 percent drop in half-year profit as prices for all its main products collapsed, but. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0053374.8838.420.07%
JSE Top 4017:0047178.3615.260.03%
JSE Gold17:001332.17-2.56-0.19%
JSE Financial17:0044083.60129.040.29%
JSE Industrial17:0075033.95-301.99-0.40%
JSE Indust 2517:0066540.28-291.41-0.44%
JSE Resource17:0045586.59563.461.25%
DJ Futures19:1018170.0084.000.46%
DJ Ind19:5818176.2259.380.33%
SP 50019:582111.461.800.09%
FTSE 10018:076953.2041.040.59%
All Ords07:395890.0017.600.30%
NZSE 5006:485722.96-31.40-0.55%
NameTimeRPMove% Move
Gold $19:591196.38-5.73-0.48%
Gold R19:5913736.67-235.82-1.69%
Gold R/kg19:58441616-8764-1.95%
Silver $19:5916.1990-.1220-0.75%
Platinum $19:581159.40.400.03%
Palladium $19:59789.106.100.78%
Brent Crude19:5859.32.420.71%
Rand / Dollar19:5911.4837-0.1378-1.19%
Rand / Pound19:5517.7224-0.2146-1.20%
Rand / Euro19:5513.0172-0.1633-1.24%
Rand / NZD19:598.5859-0.1627-1.86%
Rand / AUD19:558.9759-0.0966-1.06%
Yen / Dollar19:59118.88400.04000.03%
Euro / Dollar19:590.8820-0.0002-0.02%
Dollar / Euro19:591.1335-0.0001-0.01%
Pound / Dollar19:550.6462-0.0006-0.09%

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 TREMATON  350309.38.%2250
2 SEARDEL  15496.21.%2100
3 ASCEN_B  290165.84.%1809819
4 PRESCIENT  10965.83.%3106586
5 AECI  129666965.67.%257122
6 PETMIN  15085.63.%2038822
7 TRANSCAP  890404.71.%276464
8 ROCKCASTL  29201304.66.%256525
9 BILLITON  2911012054.32.%6118897
10 BLUETEL  891313.60.%1641395
11 COMAIR  557193.53.%324238
12 CASHBIL  210007053.47.%28295
13 SAPPI  51651703.40.%1149696
14 NORTHAM  49601453.01.%777563
15 MONTAUK  350102.94.%5300
16 ILIAD  900252.86.%8192
17 MMIHLDGS  3382912.77.%4490706
18 RHODES  1849492.72.%153384
19 TRADEH  1850492.72.%5379
20 DENEB  20552.50.%19621

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Major Moves Down
SharenameSaleMove% MoveVolume
1 GOLIATH  151-19-11.18.%5990
2 WESCOAL  196-22-10.09.%339903
3 CENRAND  315-35-10.00.%480
4 SEKUNJALO  136-14-9.33.%32800
5 CONDUIT  161-14-8.00.%207868
6 SABVEST  3360-290-7.95.%218
7 NUWORLD  2503-172-6.43.%17014
8 SUPRGRP  3415-222-6.10.%515215
9 IMPERIAL  19061-1189-5.87.%1654596
10 SHOPRIT  16900-1000-5.59.%2715777
11 CALGRO  1218-62-4.84.%64064
12 NIVEUS  2700-130-4.59.%141280
13 KEATON   210-10-4.55.%10370
14 GIJIMA  196-9-4.39.%10082
15 BOWCALF  766-34-4.25.%257
16 BARWORLD  9048-381-4.04.%295594
17 PHUMELELA  1550-65-4.02.%206208
18 GRANPRADE  605-25-3.97.%528623
19 AVENG  1595-65-3.92.%482779
20 SASOL  42570-1665-3.76.%3887637

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New Highs
SharenameSaleHighMove% MoveVolume
1 ASCEN_B  290290165.84.%1809819
2 ROCKCASTL  292029201304.66.%256525
3 CASHBIL  21000215507053.47.%28295
4 SAPPI  516552791703.40.%1149696
5 MMIHLDGS  33823408912.77.%4490706
6 NEPI  13510136233102.35.%182524
7 CAPEVINH  9501005192.04.%406371
8 HOLDSPORT  537554901001.90.%71630
9 RMBH  690069001171.72.%1659566
10 DISTELL  16580167482581.58.%244025
11 EOH  13400135502001.52.%274528
12 REINET  26882693331.24.%3232514
13 HUDACO  12600132001501.20.%47176
14 CAPITEC  41665416874851.18.%109614
15 MONDIPLCP  23202235362631.15.%720565
16 MONDILTDP  23050233502501.10.%782445
17 PNR-FOODS  1638916389880.54.%141135
18 BATS  6675967830210.03.%637220
19 ADAPTIT  10701095-3-0.28.%202968
20 OLDMUTUAL  39353959-20-0.51.%3617026

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New Lows
SharenameSaleLowMove% MoveVolume
1 PHUMELELA  15501550-65-4.02.%206208

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Index Summary
Index NameRPMove% Move
Top 4047,178.3615.260.03%
Mid Cap75,002.60214.390.29%
Small Cap60,437.73136.320.23%
Resource 2045,586.59563.461.25%
Industrial 2566,540.28-291.41-0.44%
Financial 1516,877.8928.040.17%
Financial & Ind. 3071,128.20-214.17-0.30%
All Share53,374.8838.420.07%
Oil & Gas 32,219.31-1258.13-3.76%
Mining 27,999.58631.812.31%
Gold Mining1,332.17-2.56-0.19%
Platinum Mining36.60-.21-0.57%
GENERAL MINING8,134.24235.682.98%
Oil & Gas Producers 17,323.73-676.47-3.76%
Basic Materials 25,634.28554.922.21%
Chemicals 22,682.10679.783.09%
Forestry & Paper 40,069.80621.451.58%
Industrial Metals 13,311.63-19.81-0.15%
Industrials 48,085.85-549.73-1.13%
General Industrials 169.05-.53-0.31%
Consumer Goods 66,299.24-226.09-0.34%
Automobiles & Parts 7,855.4143.030.55%
Household Goods472.0900.04%
Health Care 11,374.5384.640.75%
Beverages 223.93.420.19%
Index NameRPMove% Move
Food Producers 9,514.0513.160.14%
Personal Goods 1,031.22-14.68-1.40%
Consumer Services 15,899.25-70.47-0.44%
General Retailers 86,388.85-439.86-0.51%
Travel & Leisure 6,459.42-62.30-0.96%
Media 373.78.860.23%
Support Services 2,802.18-36.85-1.30%
Telecommunications 10,481.04-160.69-1.51%
Financials 44,083.60129.040.29%
Banks 77,710.04404.180.52%
Non-life Insurance 58,412.68987.711.72%
Life Insurance 42,004.8910.500.03%
General Financial 4,077.67-21.75-0.53%
Technology 56,034.92487.200.88%
SHARIAH TOP40 3,718.61190.52%
FTSE/JSE SHARIAH ALL3,987.61180.46%
COAL MINING14,613.872211.54%
FTSE JSE Fledgling 6,868.42-24-0.35%
FTSE/JSE Alt X 1,490.34-5-0.32%
RESOURCE 25,058.023061.24%
DIVIDEND PLUS245.84-1-0.36%
FTSE/JSE RAFI 4010,093.9020.02%
Capped Top 4025,186.0180.03%
Capped All Share27,072.71190.07%
JSE TABACO 8,530.6330.03%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
25/02/2015GRINDRODDecember 2014 (Final)
25/02/2015GRINDROD PREFDecember 2014 (Final)
25/02/2015M-R-HLDDecember 2014 (Interim)
25/02/2015MUSTEKDecember 2014 (Interim)
26/02/2015ASCEN ADecember 2014 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
WBHO23/02/1510/04/1520/04/15ZAR 1.1000
HYPROP23/02/1520/03/1530/03/15ZAR 2.6270
SUNINT23/02/1520/03/1530/03/15ZAR 1.1000
HULAMIN23/02/1513/03/1523/03/15ZAR 0.2500
NEDBANK23/02/1526/03/1507/04/15ZAR 5.6800
Ex Div**
Share NameDec-DateLDTPay-DateAmount
RESILIENT04/02/1520/02/1502/03/15ZAR 1.8562
TOWER06/02/1520/02/1502/03/15ZAR 0.4199
DELTA INT05/02/1520/02/1502/03/15USD 0.0663
SHOPRIT 5%05/02/1520/02/1502/03/15ZAR 0.0500
SHPRT 2ND505/02/1520/02/1502/03/15ZAR 0.0500

Upcoming AGMs**
CodeCompany NameDateStatus
RARPRare Holdings Ltd.24/02/2015Confirmed
RARRare Holdings Ltd.24/02/2015Confirmed
JDGJD Group Ltd.25/02/2015Confirmed
JDGCBJD Group Ltd.25/02/2015Confirmed
TLMTeleMasters Holdings Ltd.25/02/2015Confirmed

Stock Exchange News Service
24/02/201517:45NEW EUROPE PROPERTY INVESTMENTS PLC - Dealings in securities by associates of d...
24/02/201517:32INVICTA HOLDINGS LIMITED - Directors dealing in securities
24/02/201517:30OLD MUTUAL PLC - Form 8.3 Disclosure
24/02/201517:25OLD MUTUAL PLC - Form 8.3 Disclosure
24/02/201517:16OLD MUTUAL PLC - Form 8.3 Disclosure
24/02/201517:10OLD MUTUAL PLC - Form 8.3 Disclosure
24/02/201517:03INVESTEC BANK LIMITED - BHP Billiton Plc - dividend announcement - BILIHN
24/02/201517:00DISTRIB. AND WAREHOUSING NETWORK LD - Update on proposed specific share repurcha...
24/02/201517:00INVESTEC LIMITED - Transactions in Investec plc ordinary shares
24/02/201516:55OLD MUTUAL PLC - Form 8.3 Disclosure
24/02/201516:27EQUITES PROPERTY FUND LIMITED - Dealings in securities by an associate of a dire...
24/02/201516:10OLD MUTUAL PLC - Public Opening Position Disclosure/Dealing Disclosure by a Pers...
24/02/201516:06UBS AG - Listing of UBNPNK & UNBPNL
24/02/201516:05DELTA PROPERTY FUND LIMITED - Notice of request for written consent of Senior Se...
24/02/201516:00EFFICIENT GROUP LIMITED - Further cautionary announcement
24/02/201515:40CAPITAL PROPERTY FUND LIMITED - Acceptance of shares in terms of the Capital Pro...
24/02/201515:20WESCOAL HOLDINGS LIMITED - Withdrawal of cautionary announcement
24/02/201515:19CONVERGENET HOLDINGS LIMITED - Trading Statement
24/02/201515:00ADVANCED HEALTH LIMITED - Unaudited condensed consolidated interim Financial Sta...
24/02/201515:00MONDI PLC - Mondi Group 2014 Final Dividend ZAR/euro Exchange Rate
24/02/201514:43FIRSTRAND BANK LIMITED - Notice to confirm The Issuer obtained consent to amen...
24/02/201514:34THE STANDARD BANK OF SA LTD - De-listing of Financial Instrument Announcement - ...
24/02/201514:06HULAMIN LIMITED - Dealing in securities by a director of a major subsidiary
24/02/201514:00RCS INVESTMENT HOLDINGS LTD - Replacement of credit rating on current notes in ...
24/02/201513:45SUN INTERNATIONAL LIMITED - Results Presentation
24/02/201512:47Santova Limited - Dealing In Securities By Independent Non-executive Director
24/02/201512:20GRINDROD INDEX TRACKER MAN RF PTY LTD - Listing of 100 000 Additional Proptrax T...
24/02/201512:18THE STANDARD BANK OF SA LTD - Interest Rate Announcement
24/02/201512:13ROCKCASTLE GLOBAL REAL EST CO LTD - Approval to issue 15 009 150 Rockcastle shar...
24/02/201512:00A E C I LIMITED - Announcement: results presentation
24/02/201511:11PETMIN LIMITED - Press release and management call on interim results for the si...
24/02/201510:35BLUE TITANIUM CONDUIT (RF) LIMITED - New Financial Instrument Listing Announceme...
24/02/201510:10JD GROUP LIMITED - Update on the disposal of the Consumer Finance Division, effe...
24/02/201509:23STANDARD BANK OF SOUTH AFRICA LD - SCIB: The Standard Bank Of South Africa Limit...
24/02/201509:00DISCOVERY LIMITED - Rights Issue declaration Announcement
24/02/201509:00MONDI LIMITED - Full year results for the year ended 31 December 2014
24/02/201509:00REDEFINE PROPERTIES LIMITED - Availability of investor presentation
24/02/201509:00LONMIN PLC - Management change
24/02/201509:00PUTPROP LIMITED - Change to the Board of Directors Appointment of Directors
24/02/201509:00SHOPRITE HOLDINGS LIMITED - Results for the 6 months ended December 2014
24/02/201508:59DISCOVERY LIMITED - Summary of Unaudited Interim Results and Cash Dividend Decla...
24/02/201508:50FAMOUS BRANDS LIMITED - Dealing in Securities by a Director
24/02/201508:47ASCENSION PROPERTIES LIMITED - Rebosis/Ascension Joint ann of firm intention by ...
24/02/201508:30EOH HOLDINGS LIMITED - Trading Statement
24/02/201508:00PETMIN LIMITED - Condensed Consolidated Interim Financial Statements for the six...
24/02/201507:08BHP BILLITON PLC - Results for the Half Year Ended 31 December 2014
24/02/201507:06IMPERIAL HOLDINGS LIMITED - Changes to the Board of Directors of Imperial
24/02/201507:06IMPERIAL HOLDINGS LIMITED - Unaudited interim results for the six months ended 3...
24/02/201507:05A E C I LIMITED - Reviewed condensed financial results, final cash dividend decl...
24/02/201507:05BRIMSTONE INVESTMENT CORPORATION LD - Reviewed preliminary condensed consolidate...
24/02/201507:05BHP BILLITON PLC - Interim Results Presentation
24/02/201507:05ANGLO AMERICAN PLC - Directors / PDMRs interests

Click here for more SENS news