Having trouble reading this email? View in your web browser
 The Sharenet Daily 
Tuesday, 08 September 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)


Charts
Sharenet Securities - smarter investing | online

* Lightning quick order entry and cancelation
* Sophisticated portfolio and share selection tools
* Lowest rates in South Africa: only 0.3% commission

 
Seed Weekly - Thrift

In a recent meeting with a professional client, who earns a very good monthly income and who, already at the age of 47, has no debt and is building up a fairly substantial asset portfolio, I was asked a question which got me thinking about a topic which is not often spoken about and which is definitely not “in vogue” within the realms of financial planning literature. The reason for this thought was a question asked. The question was, “What is a good monthly income for a professional person around my age, because I don’t understand how so many of my colleagues and friends can afford all of their fancy holidays, expensive houses and lavish lifestyles?

The answer to this question is really quite simple: most of his friends / colleagues can’t afford their lavish lifestyles which they presently “enjoy”.

The fact of the matter is that in this modern age of consumerism and instant gratification, most people have forgotten or don’t implement Thrift in their finances. Now many of the younger readers will be unsure of what Thrift actually means.

THRIFT, as defined by the Oxford Advanced Learners Dictionary is: the quality of using money and other resources carefully and not wastefully.

Thrift is not a great concept for the marketing machines of our retail giants, it is also a very difficult concept to implement when your family is questioning why you can’t afford the overseas trip or new car that your neighbours are going on or bought, which they probably couldn’t really afford either. We are constantly bombarded with messages selling products that we don’t really need, and that we definitely cannot afford, by paying for them with money that we don’t really have!!

Unfortunately, as a financial advisor I often have to deal with the consequences of a lack of Thrift. It is an unfortunate fact of life that many retirees have insufficient funds at retirement and face the prospect of a penniless/ uncomfortable retirement and the hope that their kids will remember how nice they were to them so that their kids can look after them.

Whilst it is true that you cannot “save yourself rich” and most wealthy individuals have grown their wealth through substantial capital injections rather than through wise allocations of their monthly budget, the unfortunate fact is that most people will not have large capital injections to secure their retirement so most mere mortals need to implement “Thrift” in their lives in order to secure a dignified and enjoyable retirement.

To come back to the starting point in this article. Whilst the client I mentioned is paid an hourly rate and has very little prospect of capital injections securing his retirement, because he has implemented ‘Thrift” in his financial planning, he will be in a financial position to retire very comfortably.

Kind regards,

Barry Hugo

Tel +27 21 914 4966
Fax +27 21 914 4912
Email info@seedinvestments.co.za

Seed is hiring: Click through to our LinkedIn profiles to see vacancies at Seed Investment Consultants and Seed Analytics

www.seedinvestments.co.za

Tue, 08 Sep 2015
Top News
[IMAGE]
South African stocks rose and the rand recovered on Tuesday, buoyed by better-than-expected data from China and as a September U.S. rate hike looked less likely.  Full story

[IMAGE]
Local markets The JSE All Share ended 1.49% higher on Tuesday, with gold miners and resource shares leading gains across the board.   Full story
Stock markets worldwide rallied on Tuesday on hopes of more stimulus measures in China and on strong German trade data, while Brent crude oil prices also rose.  Full story
China's imports tumbled in August, raising concerns about the health of the world's second-largest economy and its contribution to global growth.  Full story
German Chancellor Angela Merkel said on Tuesday that Europe needed to implement a joint system for dealing with asylum seekers and agree to binding quotas on how to distribute refugees across the continent.  Full story
 
Markets
Gold firmed on Tuesday as a retreat in the dollar index helped the metal snap a four-day losing streak, but remained close to. . .  Full story
Hong Kong stocks rebounded sharply on Tuesday, as a late-afternoon rally in mainland shares prompted bargain hunting in the city's battered stocks.. . .  Full story
Chinese stocks rose nearly 3 percent on Tuesday as a surge in late-afternoon buying helped erase early losses, but trading in both equity. . .  Full story
Japanese stocks fell on Tuesday, taking the benchmark Nikkei index into negative territory for the year to date, after soft trade data. . .  Full story

Australian shares bounced off two-week lows on Tuesday as rising United States index futures firmed, while Woodside Petroleum $8 billion takeover approach for Oil. . .  Full story
Gold eased back towards its lowest since mid-August on Monday as stock markets firmed and the dollar steadied, and after U.S. payrolls data. . .  Full story
European stocks rose on Monday, lifted by mining and commodities giant Glencore after it pledged to slash its debt by a third, and. . .  Full story
China's foreign exchange reserves posted their biggest monthly fall on record in August, reflecting Beijing's attempts to halt a slide in the yuan. . .  Full story
SA Business
South Africa's President Jacob Zuma said on Tuesday that 463 companies were found to be non-compliant with a charter that includes. . .  Full story
Ratings agency Fitch said on Tuesday the risk of a downgrade to South Africa's sovereign rating was increasing.. . .  Full story
South Africa's rand firmed more than 1 percent against the dollar, recovering from record lows in the previous session as bets. . .  Full story
Consistently low commodity prices and the risk of job losses have forced the government to call an urgent meeting with labour. . .  Full story

South African furniture company Steinhoff International on Tuesday reported a 36 percent rise in headline earnings for the year, supported by cost-savings and growth in the discount retail market.. . .  Full story
South African mining firms Anglo American Platinum and Sibanye Gold will make a joint announcement on Wednesday, following last week's announcement that Sibanye would consider buying Amplats Rustenburg mining operations.. . .  Full story
The platinum market deficit shrank in the second quarter, data from the World Platinum Investment Council showed on Tuesday, as rising mine supply and autocatalyst and jewellery recycling outstripped a much. . .  Full story
Company News
Shareholders of the Company are advised that the Glencore-Merafe Chrome Venture (the Venture) has successfully concluded wage negotiations with the majority unions at all of its operations. A three year agreement. . .  Full story
Shareholders are hereby advised that Grand Foods (Pty) Ltd. (˘Grand Foods÷ or ˘the Purchaser÷), a wholly-owned subsidiary of Granprade, has entered into a sale of shares agreement, dated 7 September 2015. . .  Full story
Shareholders are advised that the CompanyĂs subsidiary, Discovery Health (Pty) Ltd. has been awarded the administration and managed care services contract for the Bankmed Medical Scheme with effect from 1 January. . .  Full story
Company Results
Revenue increased by 9.5% to R11.2 billion (R10.3 billion). Gross profit was up 11.2% to R4.9 billion (R4.4 billion). Operating profit. . .  Full story
Turnover for the year lowered to R185.3 billion (2014: R202.7 billion). Operating profit after remeasurement items increased to R44.5 billion (2014:. . .  Full story
Revenue for the year ended 30 June 2015 increased by 7.1% to R536.2 million (2014: R500.8 million). Gross profit increased by. . .  Full story
Revenue grew to 7.1% to R536.6 million (R501.2 million). Gross profit was 19.8% higher at R290.4 million (R242.3 million). Operating profit. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0049573.49726.441.49%
JSE Top 4017:0044107.18718.171.66%
JSE Gold17:00979.7134.643.67%
JSE Financial17:0042717.38534.721.27%
JSE Industrial17:0072010.40999.501.41%
JSE Indust 2517:0064201.59957.441.51%
JSE Resource17:0035450.79826.152.39%
DJ Futures19:5016363.00185.001.14%
DJ Ind19:5816405.20302.821.88%
SP 50019:581955.5634.341.79%
Nasdaq19:584774.8990.971.94%
FTSE 10017:056146.1371.611.18%
DAX18:0810271.36162.751.61%
CAC4018:084598.2648.621.07%
Nikkei08:2817427.08-433.39-2.43%
Shanghai09:283170.4590.032.92%
Hang-Seng10:2821259.04675.523.28%
All Ords08:375133.5082.501.63%
NZSE 5007:485610.3137.580.67%
NameTimeRPMove% Move
Gold $19:591122.222.760.25%
Gold R19:5915393.02-217.10-1.39%
Gold R/kg19:58494803-7100-1.41%
Silver $19:5914.7830.25501.76%
Platinum $19:591004.1120.112.04%
Palladium $19:59588.7011.702.03%
R18617:008.56-.04-0.52%
R20417:017.75-.09-1.09%
R20717:018.00-.11-1.30%
Brent Crude19:5849.40-.21-0.42%
USD / ZAR19:5913.7121-0.2300-1.65%
GBP / ZAR19:5521.0568-0.2327-1.09%
EUR/ ZAR19:5515.3337-0.2522-1.62%
NZD/ ZAR19:598.6956-0.0497-0.57%
AUD / ZAR19:559.6380-0.0354-0.37%
USD / JPY19:59119.93100.65600.55%
EUR / USD19:591.11750.00090.08%
GBP / USD19:591.53740.01020.67%

Click here for the Sharenet Spot Price page
The JSE Today

Trading Statistics
DateAdv.Decl.Unch.ActivesVolumeValueTradesOrders
08/09/201524710452403288,469,890R18,638,523,7202391601606774
07/09/201512021754391250,341,208R17,840,650,9982415971480349
04/09/201511525866439244,654,728R18,612,843,7822721711600788
03/09/201525011971440260,217,530R17,495,355,0992674561522800
02/09/201522913851418257,516,031R19,117,974,6542757411583807
* Includes all listed instruments on the JSE
Major Moves Up
SharenameSaleMove% MoveVolume
1 SABVEST  34952959.22.%2706
2 SIBANYE  17551358.33.%2483203
3 HULAMIN  590448.06.%1177117
4 PALLINGHT  437317.64.%460289
5 LABAT  12875.79.%817778
6 KIBO  12265.17.%4000
7 TRANSCAP  999485.05.%80677
8 STEFSTOCK  420205.00.%139139
9 SOUTH32  1583734.83.%847376
10 TRUSTCO  365154.29.%5039310
11 AFROX  1392574.27.%12011
12 ANGGOLD  107554154.01.%1262084
13 SANLAM  59252193.84.%9292015
14 STEINHOFF  81203003.84.%15217391
15 NASPERSN  16971861673.77.%1127731
16 PERGRIN  29701083.77.%374883
17 CLICKS  91042943.34.%2088908
18 GRINDROD  1580503.27.%2521130
19 ANGLO  149384533.13.%2735857
20 HOSP-B  30593.04.%78745

Click here for more Major Moves...
Major Moves Down
SharenameSaleMove% MoveVolume
1 AVENG  516-54-9.47.%1501183
2 LONMIN  497-38-7.10.%2048686
3 RENERGEN  1500-100-6.25.%167101
4 TRNPACO  2300-150-6.12.%664
5 ZURICHSA  23000-1000-4.17.%100
6 RAUBEX  1744-72-3.96.%220148
7 TORRE  462-18-3.75.%45912
8 JSE  12563-447-3.44.%293122
9 AQUARIUS  180-6-3.23.%1667430
10 TREMATON  378-12-3.08.%7560
11 CSG  174-5-2.79.%325081
12 Cognition  185-5-2.63.%55300
13 ZEDER  774-20-2.52.%2034030
14 MASSMART  10596-273-2.51.%227131
15 RANGOLD  220-5-2.22.%250
16 MIXTEL  308-7-2.22.%38991
17 HARMONY  1018-21-2.02.%1623727
18 CONDUIT  255-5-1.92.%112100
19 TRNSHEX  232-4-1.69.%114699
20 ANCHOR  1270-19-1.47.%19081

Click here for more Major Moves...

New Highs
SharenameSaleHighMove% MoveVolume
1 STEINHOFF  812082163003.84.%15217391
2 STENPROP  22332235622.86.%153411
3 SIRIUS  810818111.38.%589698

Click here for more Major Moves...
New Lows
SharenameSaleLowMove% MoveVolume
1 LONMIN  497490-38-7.10.%2048686
2 MASSMART  1059610596-273-2.51.%227131
3 TRNSHEX  232229-4-1.69.%114699
4 NAMPAK  28302825-40-1.39.%2027229
5 ADCORP  29002651-39-1.33.%199091
6 REBOSIS  10541018-14-1.31.%2312622
7 MRHLD  117911370.2302148

Click here for more Major Moves...

Index Summary
Index NameRPMove% Move
Top 4044,107.18718.171.66%
Industrial72,010.40999.501.41%
Mid Cap66,513.15503.050.76%
Small Cap56,999.3479.260.14%
Resource 2035,450.79826.152.39%
Industrial 2564,201.59957.441.51%
Financial 1515,940.38233.381.49%
Financial & Ind. 3068,639.681056.331.56%
All Share49,573.49726.441.49%
Oil & Gas 8,888.79.000.00%
Mining 21,070.59474.632.30%
Gold Mining979.7134.643.67%
Platinum Mining21.97.070.32%
GENERAL MINING6,301.44142.772.32%
Oil & Gas Producers 47,793.38.000.00%
Basic Materials 21,104.83420.642.03%
Chemicals 21,740.30414.791.95%
Forestry & Paper 50,181.25414.830.83%
Industrial Metals 5,498.72172.533.24%
Industrials 43,500.03428.220.99%
General Industrials 155.541.861.21%
Consumer Goods 66,196.87649.210.99%
Automobiles & Parts 7,268.9111.320.16%
Household Goods557.26213.84%
Health Care 9,352.0572.200.78%
Beverages 216.151.430.67%
Index NameRPMove% Move
Food Producers 8,532.3275.210.89%
Personal Goods 1,013.647.690.76%
Consumer Services 15,329.04359.832.40%
General Retailers 7,764.405.180.07%
Travel & Leisure 5,924.29-14.70-0.25%
Media 370.3213.433.76%
Support Services 3,183.07-19.81-0.62%
Telecommunications 8,935.41121.681.38%
Financials 42,717.38534.721.27%
Banks 7,208.9982.111.15%
Non-life Insurance 56,659.30.000.00%
Life Insurance 38,633.34755.892.00%
General Financial 4,504.6746.341.04%
Technology 67,207.68502.940.75%
SHARIAH TOP40 3,284.45631.96%
FTSE/JSE SHARIAH ALL3,500.18611.76%
COAL MINING8,166.58760.94%
FTSE JSE Fledgling 6,576.35-7-0.11%
FTSE/JSE Alt X 1,483.3210.04%
SA LISTED PROPERTY 629.660.89%
CAPPED PROPERTY 564.620.90%
RESOURCE 19,134.874312.30%
DIVIDEND PLUS200.8131.27%
FTSE/JSE RAFI 408,975.181461.65%
Capped Top 4023,544.063771.63%
Capped All Share25,144.583681.49%
JSE TABACO 9,247.10140.15%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
SOLSASOL LIMITEDBUY07/09/2015
MPCMR PRICE GROUP LIMITEDSELL07/09/2015
LONLONMIN PLCHOLD07/09/2015
AGLANGLO AMERICAN PLCHOLD04/09/2015
AMSANGLO AMERICAN PLATINUM C...BUY04/09/2015
Results Expected**
ExpectedCompany NameFin. Date
09/09/2015ASCENDISJune 2015 (Final)
09/09/2015ASPENJune 2015 (Final)
09/09/2015ASPENPREFJune 2015 (Final)
09/09/2015CAPEVINHJune 2015 (Final)
09/09/2015COMPCLEARJune 2015 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
A-V-I07/09/1509/10/1519/10/15ZAR 2.0000
SASOL07/09/1502/10/1512/10/15ZAR 11.5000
BEE-SASOL07/09/1502/10/1512/10/15ZAR 11.5000
ARM04/09/1525/09/1505/10/15ZAR 3.5000
SHOPCONV03/09/1517/09/1505/10/15ZAR 325.0000
Ex Div**
Share NameDec-DateLDTPay-DateAmount
ABSABANK-P29/07/1504/09/1514/09/15ZAR 32.8281
NEDBANK04/08/1504/09/1514/09/15ZAR 5.3700
B-AFRICA29/07/1504/09/1514/09/15ZAR 4.5000
STANBANK14/08/1504/09/1514/09/15ZAR 3.0300
SHOPRIT18/08/1504/09/1514/09/15ZAR 2.4300

Upcoming AGMs**
CodeCompany NameDateStatus
ANSAnsys Ltd.09/09/2015Confirmed
DTCDatatec Ltd.10/09/2015Confirmed

Stock Exchange News Service
DateTimeHeadline
08/09/201517:50DOLOMITE CAPITAL LIMITED - Annual Financial Statements for the year ended 31 Dec...
08/09/201517:30GROWTHPOINT PROPERTIES LIMITED - Dealings in securities by a director and an exe...
08/09/201517:30SANTAM LIMITED - Company Secretary Dealings in Securities
08/09/201517:24MTN GROUP LIMITED - Dealing in securities by a director of a major subsidiary
08/09/201517:10HOSPITALITY PROPERTY FUND LIMITED - Disclosure of disposal of beneficial interes...
08/09/201516:30TEXTON PROPERTY FUND LIMITED - Rights Offer Finalisation Announcement
08/09/201516:30NETCARE LIMITED - Disclosure of acquisition of securities
08/09/201516:00enX GROUP LIMITED - Change to the board of directors
08/09/201516:00CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Resignation of Dire...
08/09/201515:57IVUZI INVESTMENTS LIMITED - IVA538-Full Capital Redemption
08/09/201515:25REPUBLIC OF SOUTH AFRICA - Issuance R2040
08/09/201515:00MONDI LIMITED - Employee share plans
08/09/201514:16PURPLE GROUP LIMITED - Change in Company Secretary
08/09/201514:00STEINHOFF INTERNATIONAL HOLDINGS LTD - Audited Results for the year ended 30 Jun...
08/09/201514:00KAP INDUSTRIAL HOLDINGS LIMITED - Notification in terms of section 122 of the Co...
08/09/201513:39PLATFIELDS LIMITED - Partial withdrawal of cautionary announcement, new cautiona...
08/09/201513:25OLD MUTUAL PLC - Form 8.3 - Public Opening Position Disclosure
08/09/201513:10OLD MUTUAL PLC - Form 8.3 - Public Opening Position Disclosure
08/09/201513:00SATRIX COLLECTIVE INVESTMENT SCHEME - Partial Delisting of Satrix 40 Securities ...
08/09/201512:50JASCO ELECTRONICS HOLDINGS LIMITED - Resignation of non-executive director
08/09/201512:49CITY LODGE HOTELS LIMITED - Directors Dealings in Securities
08/09/201512:48CITY LODGE HOTELS LIMITED - CANCELLATION OF S362046 Directors' Dealings in Secur...
08/09/201511:30MERAFE RESOURCES LIMITED - Successful conclusion of wage negotiations
08/09/201511:30BETTABETA CIS - Distribution announcement - BBET40
08/09/201511:30BETTABETA CIS - Distribution announcement - BGREEN
08/09/201510:30GRAND PARADE INVESTMENTS LIMITED - Small Related Party Transaction: Acquisition ...
08/09/201510:30FAIRVEST PROPERTY HOLDINGS LIMITED - Acquisition of Rental Enterprises
08/09/201509:18REMGRO LIMITED - Trading statement
08/09/201509:02METROFILE HOLDINGS LIMITED - Dealing in Securities by a Director
08/09/201509:01METROFILE HOLDINGS LIMITED - Grant and Acceptance of Rights to Participants in S...
08/09/201509:00MPACT LIMITED - Dealings in securities by directors, prescribed officers and Mpa...
08/09/201509:00HYPROP INVESTMENTS LIMITED - Dealings in securities by an associate of a directo...
08/09/201508:45DISCOVERY LIMITED - Discovery Health awarded Bankmed Medical Scheme administrati...
08/09/201508:35PETMIN LIMITED - Press Release Petmin results to end-June 2015
08/09/201508:30PETMIN LIMITED - Condensed Consolidated Preliminary Financial Statements for the...
08/09/201508:30FAIRVEST PROPERTY HOLDINGS LIMITED - Audited Condensed Consolidated Result And C...
08/09/201508:15PETMIN LIMITED - Final dividend declaration
08/09/201508:00CITY LODGE HOTELS LIMITED - Directors' Dealings in Securities
08/09/201508:00PETMIN LIMITED - Change in role of director

Click here for more SENS news