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 The Sharenet Daily 
Tuesday, 07 April 2015 - 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)


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Seed Weekly - The Year to Date

The Year to Date

It is hard to believe that the first quarter of the year is already behind us, and what an interesting quarter it has been.

Local Asset Classes

Property continued to dominate the local markets, returning 13.7% so far in 2015. Over the past year property did 41.4%, outperforming local equities by 28.9%.

While the local equity market has delivered a decent 5.9% so far this year, we have seen a large dispersion in returns between the various sectors. The Financial sector was the best performing sector, returning 11.2%, which is almost double Industrials’ 5.6% YTD. Resources remained the most volatile asset class, currently down 0.2% for the year. We have seen massive swings in the returns of Resource counters. Resources were up 8.7% in February and down 8.5% in March.

Oil Price

So far in 2015 we’ve seen a barrel of Brent Crude drop to $46.15 by the middle of January. In the graph below you can see the dramatic fall in the oil price since the middle of 2014, where it had been consistently trading between $100 and $120 a barrel. We have since seen oil come back a bit and ended March 2015 at $55 per barrel. The decrease in headline inflation experienced locally, and worldwide, is a knock on effect from the low oil price.

It is hard to think that in 2008 during the financial crisis, but before the peak in the commodity cycle, we saw the price rocket to $145 a barrel. At that stage stories of “Peak Oil” abounded with 2008 year end price targets of $200 a barrel. From peak to trough, Brent Crude Oil’s price declined by 68%, so the most recent price fall has not been as severe.

Quantitative Easing in Europe

In January Mario Draghi (Head of the European Central Bank) committed €1.1 trillion towards their version of quantitative easing. He pledged to buy €60 billion worth of bonds starting March 2015 until September 2016. The aim is to get cash into circulation and revive inflation in the region. Hopefully this will be enough to kick-start Europe’s growth that has been stagnant. Fund managers predict that the search for yield will continue, which will continue to support equity markets. So far we have seen the Euro devalue versus the US dollar. This devaluation will make European goods cheaper to the rest of the world, which should help to stimulate exports and help to prop up the region’s economy.

All of these, and other, factors are filtered by the investment team and used in the process to make decisions that we expect will contribute over meaningful time periods.

Kind regards,

Gerbrandt Kruger

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

Tue, 07 Apr 2015
Top News
[IMAGE]
South African stocks ended higher on Tuesday, following in the footsteps of major overseas markets, with MTN among the top gainers as the West prepares to lift sanctions against Iran.  Full story

[IMAGE]
Local markets At the market close Tuesday, the JSE All Share had advanced 0.70% bouyed by strong demand for gold shares and resource stocks.  Full story
Senator Rand Paul promised to be a different kind of Republican on Tuesday, launching a 2016 White House bid that he said would highlight the conservative principles of reduced government and spending as he vowed to break up "the Washington machine."  Full story
Firefighters struggled to put out a blaze on a nuclear submarine as it underwent repairs at a shipyard in Russia's northern province of Arkhangelsk on Tuesday, Russian news agencies reported.  Full story
Islamist militants attacked a Tunisian military checkpoint on Tuesday, killing four soldiers and wounding three others in a raid in a central region bordering Algeria.  Full story
 
Markets
Stock markets around the world rose on Tuesday as investors moved into riskier assets for a second straight day, though a rise in. . .  Full story
Gold edged lower on Tuesday as the dollar recovered and global shares rose, but uncertainty about the timing of a U.S. interest rate. . .  Full story
China stocks jumped more than 2 percent to fresh seven-year highs on Tuesday ahead of the quarterly earnings season, as investors brushed aside. . .  Full story
Australian shares pared early gains on Tuesday after investors were disappointed by the Reserve Bank of Australia (RBA) keeping its cash rate. . .  Full story

Japan's Nikkei share average rose to a near two-week high on Tuesday, helped by expectations that the U.S. Federal Reserve may wait longer. . .  Full story
Asian stocks rose on Tuesday, following a positive lead from Wall Street, while the dollar held onto its gains after rebounding against the. . .  Full story
U.S. stocks rose on Monday after a weaker-than-expected jobs report drove expectations that the Federal Reserve will postpone its first interest rate increase in. . .  Full story
Gold rose to a seven-week high on Monday, climbing for the second straight session after U.S. jobs rose at the slowest pace in. . .  Full story
SA Business
South Africa's power utility Eskom said on Tuesday it would cut 1,000 megawatts of electricity from 1400 GMT to 2000 GMT, citing a shortage of generation capacity.. . .  Full story
South Africa's rand weakened early on Tuesday, pulling back from a month-high as the U.S. dollar regained its footing following steep losses triggered by soft jobs numbers.. . .  Full story

Daimler on Tuesday said it would expand its cooperation with partner Nissan to develop a mid-sized pickup truck for Mercedes-Benz, as the German premium auto maker seeks to narrow the sales gap with rival BMW.. . .  Full story
Business activity in South Africa expanded at its fastest rate in five months in March as growth in new orders led to a rise in output for the first time since November, a survey showed on Tuesday.. . .  Full story
Company News
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Poynting (the Board) hereby. . .  Full story
Shareholders are referred to the various SENS announcement released regarding the Elandspruit Mining Right and the board of directors are pleased. . .  Full story
Discovery shareholders are referred to the announcements released on the Stock Exchange News Service (˘SENS÷) on 24 February 2015 and 10. . .  Full story
In accordance with paragraph 7.20 of the JSE Ltd. Debt Listings Requirements and the terms and conditions of DRDGoldĂs ZAR2 000. . .  Full story
Company Results
Net loss before interest and other items narrowed to CAD3.8 million (loss of CAD4.1 million). Net loss attributable to owners lowered to CAD2.6 million (loss of CAD3.7 million). In addition, loss per share improved slightly to CAD6cps (loss of CAD7cps). Results filed on SEDAR Giyani shareholders are advised that the Annual Report and the MD&A for the company were filed on SEDAR on 30 March 2015. Copies of this document may be viewed on the following link under Giyani Gold Corpo. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0052595.69366.370.70%
JSE Top 4017:0046418.90369.940.80%
JSE Gold17:001253.4832.302.64%
JSE Financial17:0045889.38392.530.86%
JSE Industrial17:0074818.11358.550.48%
JSE Indust 2517:0066553.19377.790.57%
JSE Resource17:0040026.98551.001.40%
DJ Futures20:0017890.0085.000.48%
DJ Ind20:0017959.7778.920.44%
SP 50020:002085.554.930.24%
Nasdaq20:004937.4320.110.41%
FTSE 10017:356961.77128.311.88%
DAX18:0812123.52156.131.30%
CAC4018:085151.1977.051.52%
Nikkei08:2819640.54242.561.25%
Shanghai09:283961.3897.452.52%
Hang-Seng02/0425193.94111.190.44%
All Ords08:365893.2023.500.40%
NZSE 5007:485855.4424.040.41%
NameTimeRPMove% Move
Gold $19:591210.06-4.57-0.38%
Gold R20:0014334.980.730.01%
Gold R/kg20:0046086962331.37%
Silver $19:5916.8450-.1140-0.67%
Platinum $19:591172.95-1.05-0.09%
Palladium $19:59770.734.230.55%
R18617:307.68-.02-0.26%
R20417:307.01-.01-0.14%
R20717:307.16-.02-0.35%
Brent Crude20:0059.132.033.56%
Rand / Dollar19:5811.84650.04280.36%
Rand / Pound19:5517.55640.00420.02%
Rand / Euro19:5512.8370-0.0756-0.59%
Rand / NZD19:588.8971-0.0103-0.12%
Rand / AUD19:559.05860.08650.96%
Yen / Dollar19:59120.34600.85700.72%
Euro / Dollar19:550.92210.00780.85%
Dollar / Euro19:591.0838-0.0095-0.87%
Pound / Dollar19:550.67330.00160.24%

Click here for the Sharenet Spot Price page
The JSE Today

Trading Statistics
DateAdv.Decl.Unch.ActivesVolumeValueTradesOrders
07/04/201520517450429207,093,194R14,952,784,58724224887907
02/04/201520316064427252,593,509R14,861,348,095210895299309
01/04/201518417566425233,699,675R17,272,954,2452707172027695
31/03/201517318562420273,015,690R20,666,818,4162790061985218
30/03/201522013748405321,815,044R18,566,204,9622974531314290
* Includes all listed instruments on the JSE
Major Moves Up
SharenameSaleMove% MoveVolume
1 CAMAC  800579261.99.%23994
2 REXTRU-N  120050071.43.%1000
3 EHSV  1602922.14.%4654
4 CENRAND  2503516.28.%135500
5 SABVEST-N  270034014.41.%1570
6 SYCOM  390040011.43.%6
7 TRUSTCO  3303010.00.%146332
8 ADRENNA  10799.18.%7610
9 ILIAD  800608.11.%900
10 EFFICIENT  480306.67.%92360
11 SASOL  4179822185.60.%1788601
12 HARMONY  23791155.08.%931927
13 DIPULA-B  1150504.55.%85800
14 DRDGOLD  230104.55.%300669
15 EQUITES  1300504.00.%108840
16 Cognition  23883.48.%11161
17 CURRO  38751253.33.%158136
18 PIKWIK  2217673.12.%232760
19 ANGGOLD  119003503.03.%1009706
20 CULLINAN  17053.03.%11338

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Major Moves Down
SharenameSaleMove% MoveVolume
1 ACSION  605-394-39.44.%99395
2 KIBO  110-10-8.33.%41200
3 CSG  183-16-8.04.%17042
4 KEATON   180-15-7.69.%64665
5 NOVUS  1560-120-7.14.%110344
6 BRIMST-N  1651-99-5.66.%8402
7 SANTOVA  345-20-5.48.%105521
8 YORK  215-10-4.44.%253299
9 ARGENT  430-20-4.44.%7946
10 WESCOAL  182-8-4.21.%158823
11 CONDUIT  210-9-4.11.%53506
12 TONGAAT  13110-550-4.03.%501549
13 LEWIS  7860-330-4.03.%367865
14 AQUARIUS  157-6-3.68.%1183131
15 TRNSHEX  299-11-3.55.%80050
16 BOWCALF  720-25-3.36.%17000
17 ADVHLTH  205-7-3.30.%40000
18 CIL  2481-84-3.27.%174483
19 JDGROUP  2617-88-3.25.%46289
20 PPC  1742-57-3.17.%1570995

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New Highs
SharenameSaleHighMove% MoveVolume
1 ADRENNA  10710799.18.%7610
2 PSG  17180172794302.57.%566306
3 DISCOVERY  13356135422061.57.%2836863
4 TFG  18598187492641.44.%462535
5 FIRSTRAND  57125746801.42.%7570340
6 CAPITEC  54500552506951.29.%344826
7 STANBANK  17001172212011.20.%3863587
8 RMBH  71677247680.96.%1148721
9 MRPRICE  27125274001250.46.%804165
10 SEPHAKU  1010102220.20.%41338
11 AFRIMAT  185019000.21299
12 HUGE  2552670.81417
13 NASPERSN  187000190999-1000-0.53.%496115
14 SEKUNJALO  310350-9-2.82.%276682

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New Lows
SharenameSaleLowMove% MoveVolume
1 ACSION  605605-394-39.44.%99395
2 NOVUS  15601510-120-7.14.%110344
3 AQUARIUS  157153-6-3.68.%1183131
4 MRHLD  13301306-34-2.49.%1603204
5 KUMBAIO  1390013796-90-0.64.%1084167

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Index Summary
Index NameRPMove% Move
Top 4046,418.90369.940.80%
Industrial74,818.11358.550.48%
Mid Cap74,650.48238.750.32%
Small Cap59,258.68-166.35-0.28%
Resource 2040,026.98551.001.40%
Industrial 2566,553.19377.790.57%
Financial 1517,492.77177.791.03%
Financial & Ind. 3071,915.27504.030.71%
All Share52,595.69366.370.70%
Oil & Gas 29,206.02423.271.47%
Mining 24,222.66331.271.39%
Gold Mining1,253.4832.302.64%
Platinum Mining28.93-.02-0.07%
GENERAL MINING7,021.6694.171.36%
Oil & Gas Producers 15,703.54227.591.47%
Basic Materials 22,660.38452.452.04%
Chemicals 21,685.471045.515.07%
Forestry & Paper 39,975.99595.051.51%
Industrial Metals 9,045.1213.290.15%
Industrials 46,479.63203.650.44%
General Industrials 166.531.270.77%
Consumer Goods 64,583.9141.510.06%
Automobiles & Parts 7,744.4511.320.15%
Household Goods522.2620.34%
Health Care 10,872.29108.161.00%
Beverages 219.31.460.21%
Index NameRPMove% Move
Food Producers 8,795.16-58.05-0.66%
Personal Goods 980.99-4.49-0.46%
Consumer Services 16,641.36-55.37-0.33%
General Retailers 84,837.23-98.55-0.12%
Travel & Leisure 6,348.14-56.42-0.88%
Media 407.50-2.15-0.52%
Support Services 2,926.46-26.55-0.90%
Telecommunications 10,941.8998.790.91%
Financials 45,889.38392.530.86%
Banks 83,206.731031.651.26%
Non-life Insurance 57,210.58-877.96-1.51%
Life Insurance 44,255.44345.680.79%
General Financial 4,172.5930.350.73%
Technology 60,872.6217.690.03%
SHARIAH TOP40 3,528.56551.57%
FTSE/JSE SHARIAH ALL3,798.15511.35%
COAL MINING12,009.67250.21%
FTSE JSE Fledgling 6,869.95210.30%
FTSE/JSE Alt X 1,236.05-14-1.15%
SA LISTED PROPERTY 660.680.35%
CAPPED PROPERTY 566.470.42%
RESOURCE 21,985.163011.39%
DIVIDEND PLUS232.8010.63%
FTSE/JSE RAFI 409,770.901191.23%
Capped Top 4024,765.952040.83%
Capped All Share26,677.491860.70%
JSE TABACO 8,166.45971.20%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
MNDMONDI LIMITEDHOLD06/04/2015
ARIAFRICAN RAINBOW MINERALSBUY06/04/2015
SPPTHE SPAR GROUP LTDBUY06/04/2015
HSPHOLDSPORT LIMITEDBUY06/04/2015
TFGTHE FOSCHINI GROUP LTDHOLD06/04/2015
Results Expected**
ExpectedCompany NameFin. Date
08/04/2015ZEDERFebruary 2015 (Final)
08/04/2015ZEDERPFebruary 2015 (Final)
09/04/2015BEIGEDecember 2014 (Interim)
09/04/2015BEIGEPDecember 2014 (Interim)
09/04/2015BEIGEPREF2December 2014 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
TELEMASTR01/04/1517/04/1528/04/15ZAR 0.0100
ECSP A01/04/1510/04/1520/04/15ZAR 0.9589
ECSP C01/04/1510/04/1520/04/15ZAR 1.2705
ECSP A201/04/1510/04/1520/04/15ZAR 0.4932
ECSP C201/04/1510/04/1520/04/15ZAR 0.6534
Ex Div**
Share NameDec-DateLDTPay-DateAmount
SASOL09/03/1501/04/1513/04/15ZAR 7.0000
BEE-SASOL09/03/1501/04/1513/04/15ZAR 7.0000
LIB-HOLD26/02/1501/04/1513/04/15ZAR 4.0200
SASFIN09/03/1501/04/1513/04/15ZAR 0.7526
CLOVER17/03/1501/04/1513/04/15ZAR 0.2260

Upcoming AGMs**
CodeCompany NameDateStatus
AMSPAnglo American Platinum Ltd.08/04/2015Confirmed
AMSAnglo American Platinum Ltd.08/04/2015Confirmed
RBPRoyal Bafokeng Platinum Ltd.14/04/2015Confirmed
MTEMarshall Monteagle PLC14/04/2015Confirmed
MMPMarshall Monteagle PLC14/04/2015Confirmed

Stock Exchange News Service
DateTimeHeadline
07/04/201517:45IMPERIAL HOLDINGS LIMITED - Dealings in Securities
07/04/201517:30ELLIES HOLDINGS LIMITED - Dealings in securities by a director
07/04/201517:28RCL FOODS LIMITED - Dealings in securities by directors and directors of major s...
07/04/201517:15ABSA BANK LIMITED - Full Redemption of ASN015 notes
07/04/201517:14BOWLER METCALF LIMITED - Director's Dealing in Securities
07/04/201517:00BRITISH AMERICAN TOBACCO PLC - Notification of transactions of directors, person...
07/04/201517:00CARGO CARRIERS LIMITED - Renewal of cautionary announcement and new cautionary a...
07/04/201516:30AVENG LIMITED - Disposal of 70% of Avengs industrial property portfolio in a sal...
07/04/201516:20OLD MUTUAL PLC - Form 8.3 Disclosure
07/04/201516:07EXXARO RESOURCES LIMITED - Exercise of matching awards and sale in terms of the ...
07/04/201516:03DISCOVERY LIMITED - Dealing in securities by directors, directors of major subsi...
07/04/201516:00OLD MUTUAL PLC - Form 8.3 Disclosure
07/04/201515:50CHROMETCO LIMITED - Change in designated advisor
07/04/201515:38MASTER DRILLING GROUP LTD - MDI - Dealings by directors
07/04/201514:46FIRSTRAND BANK LIMITED - FRC230 - New Instrument Listing
07/04/201514:30ASCENDIS HEALTH LIMITED - Notification in terms of section 122(3) of the Compani...
07/04/201514:15VILLAGE MAIN REEF LIMITED - Results of General Meeting
07/04/201514:00PAN AFRICAN RESOURCES PLC - Total voting rights
07/04/201514:00KAP INDUSTRIAL HOLDINGS LIMITED - Notification in terms of Section 122 of the Co...
07/04/201513:30EXXARO RESOURCES LIMITED - Exercise of conditional awards and sale in terms of t...
07/04/201513:15COMMISSIONER STREET NO 1 (PTY) LTD - MFS1A1 and MFS1A2 - Interest Rate Reset
07/04/201512:17BARLOWORLD LIMITED - BAW10 - Interest Rate Reset
07/04/201512:15BARLOWORLD LIMITED - BAW# - Interest Rate Reset
07/04/201512:10OLD MUTUAL PLC - Form 8.3 Disclosure
07/04/201512:00OLD MUTUAL PLC - Form 8.3 Disclosure
07/04/201512:00IPSA GROUP PLC - Extension to Power Purchase Agreement
07/04/201511:22INVESTEC BANK LIMITED - Decrease in Issue size: ESPIBC
07/04/201511:12POYNTING HOLDINGS LIMITED - Changes to the Board of Directors - Resignation and ...
07/04/201511:10PETMIN LIMITED - Director's dealing in securities
07/04/201511:10GIYANI GOLD CORPORATION - Consolidated financial year end results and MD&A filed...
07/04/201511:00INTERWASTE HOLDINGS LIMITED - Director's dealings in securities
07/04/201511:00BEIGE HOLDINGS LIMITED - Finalisation Announcement in respect of the Claw-back O...
07/04/201510:55NEDBANK GROUP LIMITED - Dealings in securities by directors
07/04/201510:05INVESTEC BANK LIMITED - New Listing: ESPIBS
07/04/201510:00TORRE INDUSTRIES LIMITED - Dealing in securities by a director
07/04/201510:00MERAFE RESOURCES LIMITED - Dealings in Securities by Directors of Merafe
07/04/201509:45WESCOAL HOLDINGS LIMITED - Water usage license obtained for Elandspruit Mining R...
07/04/201509:17IVUZI INVESTMENTS LIMITED - IVA515 - Full Capital Redemption
07/04/201509:06THE SA NATIONAL ROADS AGENCY SOC LTD - HWAY35 - Listing of Tap Issue
07/04/201509:00HARMONY GOLD MINING COMPANY LIMITED - Fatality at Harmonys Unisel mine
07/04/201508:58INTERWASTE HOLDINGS LIMITED - Director's Dealings in securities
07/04/201508:45DISCOVERY LIMITED - Results of the Rights Issue
07/04/201508:32GIYANI GOLD CORPORATION - First tranche uptake in private placing
07/04/201508:30DRDGOLD LIMITED - Partial capital withdrawal
07/04/201508:00CAPITAL & COUNTIES PROPERTIES PLC - Completion of Earls Court Partnership Limite...
07/04/201507:30DELTA INTERNATIONAL PROPERTY HOLDINGS LIMITED - Placing, issue and listing of up...
07/04/201507:05BHP BILLITON PLC - Appointment of South32 Non-Executive Directors

Click here for more SENS news