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 The Sharenet Daily 
Wednesday, 25 May 2016 - 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 - Fear and Greed

Fear and greed are unfortunately the two emotions which drive most investor’s behaviour. My job as a Financial Advisor is to try and dilute this unhealthy situation by adding a good measure of rational thinking. Unfortunately the more fear or greed we experience, the more rational our arguments will appear to ourselves.

One of the most common mistakes that people make is greed. This happens when we look at the Sunday papers and we see last year’s best performing fund. The average investor’s immediate reaction is “I need a bit of that action; I need to get into that fund as quickly as possible”. Obviously, in a years’ time that fund is not going to be the best performing unit trust and now you want to “get out of that fund as quickly as possible and move to the next year’s best performing fund”. I have often used the statement that “only using past performance to select funds is like driving whilst only looking in your rear view mirror, it is going to cause an accident”.

I am constantly amazed at how otherwise rational people (Engineers and Accountants especially), can forget three or even five years of good performance and will suddenly start panicking and want to move everything into cash as soon as the market has moved sideways for a year or two. (My previous cash is king article expands on this).

Financial planning is exactly what it says, you need to have a plan and you need to stick to it, chopping and changing the whole time will only lead to heartache. “Panic sellers” will always wait too long for their greed to override their fear and can never time their market re-entrance. They will always lose out on the biggest upswings after the bottom.

If your fund has a 3 year benchmark, then measure it over three years. It is pointless selecting funds with a five year time horizon in mind and then changing those funds because of one year’s underperformance. If nothing has changed with the underlying Manager, mandate, process etc. and you are wanting to switch managers because of short term underperformance, you seriously need to relook at your fund selection process.

The importance of having a financial plan which incorporates your needs, goals, time frames and special circumstances cannot be over-emphasized. Your financial plan is what keeps your decisions within a rational framework and negates the negative impact of fear and greed.

Kind regards,

Barry Hugo

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

www.seedinvestments.co.za

Wed, 25 May 2016
Top News
[IMAGE]
Revenue for the year rose to R15.1 billion (R12.2 billion). EBITDA grew to R5.9 billion (R4.1 billion) whereas operating profit was higher at R4.5 billion (R3.1 billion). Profit attributable to equity holders decreased to R1.0 billion (R3.6 billion). In addition, headline earnings per share  Full story

[IMAGE]
Local markets  Full story
Ukrainian military pilot Nadiya Savchenko arrived home to scenes of jubilation on Wednesday after her release by Russia in a prisoner swap and she promptly offered to fight again for Kiev in its conflict with pro-Russian separatists.  Full story
The Afghan Taliban named an Islamic legal scholar who was one of former leader Mullah Akhtar Mansour's deputies to succeed him on Wednesday, after confirming Mansour's death in a U.S. drone strike at the weekend.  Full story
Japanese Prime Minister Shinzo Abe on Wednesday made a pilgrimage to the Ise Grand Shrine, the holiest site in Japan's Shinto religion, a day before he hosts a Group of Seven (G7) summit nearby.  Full story
 
SA Business
South Africa's central bank told lenders to be vigilant on Wednesday after criminals in Japan stole millions of dollars from automatic. . .  Full story
ArcelorMittal South Africa's Saldanha plant will keep operating, its chairman said on Wednesday, after the facility was placed under review earlier. . .  Full story
Japanese automaker Toyota has invested 6.1 billion rand ($390 million) to expand the production of its Hilux and Fortuner models in. . .  Full story
South Africa's central bank said on Tuesday it would push local banks to upgrade their cyber security after criminals used counterfeit. . .  Full story

South African tycoon Koos Bekker sells wine from his vineyard all over the world, but a small detail offers a clue as to. . .  Full story
Anglo American Platinum's bid to appease a community near its most profitable South African mine may unravel, highlighting the challenges of. . .  Full story
South African furniture retailer Lewis Group said its full-year profit fell 26.5 percent as its lower-to-middle income customers continued to face. . .  Full story
Africa's biggest hotels and gambling operator, Tsogo Sun Holdings Ltd, said a recovery in its home market of South Africa in. . .  Full story

MTN Group expects earnings to be under pressure for the rest of the year in its two main markets Nigeria and South African market, the company said on Wednesday, citing a weak exchange rate in Africa's biggest economy.. . .  Full story
South Africa's rand firmed to a one-week high against the dollar early on Wednesday on improved risk appetite, but analysts said the unit looked vulnerable to the possibility of a credit ratings downgrade and a U.S. Federal Reserve interest rate hike.. . .  Full story
Company News
The financial results for the year ended 28 February 2015 have been restated as a result of the sale of Turbo Zambia and the closing of Turbo DRC (hereinafter referred to as the ˘discontinued operations÷). As a result of the discontinued operations,. . .  Full story
On the recommendation of the Nomination Committee, the board of directors of the company (˘the Board÷) has resolved to appoint Mr Theunis de Bruyn as a non-executive director with effect from 15 June 2016. The board wishes to extend a welcome to. . .  Full story
Company Results
Turnover for the interim period increased to R15.894 billion (2015: R14.566 billion). Gross profit rose to R5.124 billion (2015: R4.795 billion),. . .  Full story
Vunani released final results for the 14 month period ended 29 February 2016 following the change of year end from December. . .  Full story
Revenue for the interim period increased by 2% to R4 billion (2015: R3.9 billion). Operating profit rose by 12% to R564. . .  Full story
Revenue for the period increased to R15.6 billion (2015: R13.3 billion). Gross profit grew to R2.5 billion (2015: R2.2 billion). Operating. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0053721.88671.121.27%
JSE Top 4017:0047727.26693.491.47%
JSE Gold17:001920.18-94.01-4.67%
JSE Financial17:0042001.04692.841.68%
JSE Industrial17:0080520.92838.101.05%
JSE Indust 2517:0072866.83768.751.07%
JSE Resource17:0031717.76499.761.60%
DJ Futures19:4217842.00150.000.85%
DJ Ind20:0017866.71160.660.91%
SP 50020:002092.7116.650.80%
Nasdaq20:004901.1040.040.82%
FTSE 10017:156256.1336.870.59%
DAX18:0810205.21147.901.47%
CAC4018:084481.6450.121.13%
Nikkei08:3016757.35258.591.57%
Shanghai09:282815.09-6.58-0.23%
Hang-Seng10:3620368.05537.622.71%
All Ords08:365436.8074.901.40%
NZSE 5009:086908.0435.380.51%
NameTimeRPMove% Move
Gold $19:591224.25-2.34-0.19%
Gold R20:0019175.80-27.56-0.14%
Gold R/kg20:00616502-7607-1.22%
Silver $19:5916.30400.13300.82%
Platinum $19:59992.17-3.30-0.33%
Palladium $19:58528.58-1.92-0.36%
R18616:599.43-0.01-0.11%
R20416:598.44-0.02-0.24%
R20716:598.75-0.03-0.29%
Brent Crude19:4249.330.982.03%
USD / ZAR19:5915.66330.00680.04%
GBP / ZAR19:5523.00400.13310.58%
EUR/ ZAR19:5517.49090.04100.23%
NZD/ ZAR19:5810.59050.04040.38%
AUD / ZAR19:5511.27450.01760.16%
USD / JPY19:59110.20800.23400.21%
EUR / USD19:591.11610.00210.18%
GBP / USD19:591.47030.00820.56%

Click here for the Sharenet Spot Price page
The JSE Today

Trading Statistics
DateAdv.Decl.Unch.ActivesVolumeValueTradesOrders
25/05/201623115144426299,424,365R22,594,405,0373015052205347
24/05/201618016757404278,196,928R21,556,094,5453086601371694
23/05/201614520160406210,762,622R14,894,081,2172237962199992
20/05/201624411954417246,946,041R19,868,447,7802864422506347
19/05/201612021352385253,061,414R19,290,977,4992636942410418
* Includes all listed instruments on the JSE
Major Moves Up
SharenameSaleMove% MoveVolume
1 ISA  115109.52.%1000
2 SUNINT  75405397.70.%245091
3 MPACT  38302456.83.%627475
4 TSOGO-SUN  26501445.75.%2073145
5 IMPERIAL  139437435.63.%1029595
6 TRANSCAP  1150605.50.%504000
7 MIXTEL  295155.36.%827592
8 LONMIN  42302055.09.%295662
9 SAFARI  735344.85.%26054
10 BALWIN  880404.76.%1199954
11 SIRIUS  920404.55.%101074
12 WORKFORCE  12554.17.%1200
13 EFFICIENT  500204.17.%542
14 REXTRU-N  1250504.17.%21000
15 MAS  2185783.70.%181105
16 TRENCOR  40101403.62.%65148
17 GLENCORE  30711063.58.%1508688
18 SASOL  4780016003.46.%2209404
19 FIRSTRAND  43721453.43.%12126655
20 BILLITON  193606163.29.%3841265

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Major Moves Down
SharenameSaleMove% MoveVolume
1 RANGOLD  200-22-9.91.%6800
2 EASTPLATS  1000-100-9.09.%100
3 TRADEH  2900-250-7.94.%47250
4 GFIELDS  5501-449-7.55.%4627990
5 PIVOTAL  1650-100-5.71.%1271982
6 ARCMITTAL  879-51-5.48.%396315
7 TORRE  270-15-5.26.%94216
8 PHUMELELA  2005-105-4.98.%2800
9 DRDGOLD  712-35-4.69.%5006670
10 ANGGOLD  21087-1017-4.60.%3165203
11 ADVHLTH  162-7-4.14.%286600
12 MONTAUK  2000-80-3.85.%8151
13 NOVUS  1107-43-3.74.%43234
14 DAWN  390-15-3.70.%39795
15 PALLINGHT  340-12-3.41.%261175
16 AEEI  290-10-3.33.%47042
17 SEPHAKU  440-15-3.30.%19000
18 SYGNIA  1830-59-3.12.%53177
19 HARMONY  4723-152-3.12.%1920944
20 STELLAR  191-6-3.05.%197569

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New Highs
SharenameSaleHighMove% MoveVolume
1 SIRIUS  920920404.55.%101074
2 REINET  34903490651.90.%2848070
3 BATS  962819710611311.19.%445072
4 ASCENDIS  24992550190.77.%980311
5 ILLOVO  24602461160.65.%6581097

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New Lows
SharenameSaleLowMove% MoveVolume
1 MPACT  383034352456.83.%627475

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Index Summary
Index NameRPMove% Move
Top 4047,727.26693.491.47%
Industrial80,520.92838.101.05%
Mid Cap73,121.9245.370.06%
Small Cap59,919.50333.280.56%
Resource 2031,717.76499.761.60%
Industrial 2572,866.83768.751.07%
Financial 1515,360.03321.982.14%
Financial & Ind. 3075,639.561002.431.34%
All Share53,721.88671.121.27%
Oil & Gas 7,195.69.000.00%
Mining 21,965.49224.711.03%
Gold Mining1,920.18-94.01-4.67%
Platinum Mining24.75.230.94%
GENERAL MINING5,701.41158.362.86%
Oil & Gas Producers 38,689.88.000.00%
Basic Materials 22,343.78325.911.48%
Chemicals 23,967.19747.263.22%
Forestry & Paper 54,019.22544.731.02%
Industrial Metals 6,301.3250.500.81%
Industrials 41,798.72827.912.02%
General Industrials 155.523.202.10%
Consumer Goods 81,897.94882.131.09%
Automobiles & Parts 4,959.16-54.35-1.08%
Household Goods632.61101.58%
Health Care 9,407.01105.981.14%
Beverages 334.453.100.94%
Index NameRPMove% Move
Food Producers 8,844.223.520.04%
Personal Goods 913.7712.991.44%
Consumer Services 18,249.22137.790.76%
General Retailers 7,644.1638.100.50%
Travel & Leisure 5,603.35246.604.60%
Media 479.874.460.94%
Support Services 2,128.88-8.46-0.40%
Telecommunications 7,198.3361.050.86%
Financials 42,001.04692.841.68%
Banks 6,343.61117.531.89%
Non-life Insurance 58,956.30510.440.87%
Life Insurance 39,402.17858.632.23%
General Financial 4,700.6387.141.89%
Technology 50,674.22599.741.20%
SHARIAH TOP40 3,132.30551.79%
FTSE/JSE SHARIAH ALL3,412.28451.34%
COAL MINING8,511.701912.29%
FTSE JSE Fledgling 7,000.89-46-0.66%
FTSE/JSE Alt X 1,503.67171.15%
SA LISTED PROPERTY 647.633.680.57%
CAPPED PROPERTY 577.100.87%
RESOURCE 17,828.062601.48%
DIVIDEND PLUS201.6731.49%
FTSE/JSE RAFI 409,519.991501.60%
Capped Top 4025,296.323861.55%
Capped All Share27,323.273471.29%
JSE TABACO 12,303.021451.19%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
PFGPIONEER FOODS GROUP LTDHOLD24/05/2016
FSRFIRSTRAND LIMITEDHOLD24/05/2016
VODVODACOM GROUP LIMITEDHOLD24/05/2016
MNDMONDI LIMITEDBUY23/05/2016
RMHRMB HOLDINGS LIMITEDBUY23/05/2016
Results Expected**
ExpectedCompany NameFin. Date
26/05/2016ACSIONFebruary 2016 (Final)
26/05/2016JUBILEEJune 2015 (Final)
26/05/2016MICROMEGAMarch 2016 (Final)
26/05/2016MIXTELMarch 2016 (Final)
26/05/2016QUANTUMMarch 2016 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
REUNERT24/05/1609/06/1620/06/16ZAR 1.1300
TRADEH24/05/1617/06/1627/06/16ZAR 0.0650
ADCORP24/05/1630/08/1605/09/16ZAR 0.7500
TIGBRANDS24/05/1624/06/1604/07/16ZAR 3.6300
VERIMARK23/05/1609/06/1620/06/16ZAR 0.0370
Ex Div**
Share NameDec-DateLDTPay-DateAmount
TRENCOR25/04/1620/05/1630/05/16ZAR 2.2000
OCTODEC03/05/1620/05/1630/05/16ZAR 0.9840
EQUITES05/05/1620/05/1630/05/16ZAR 0.5118
REDEFINE05/05/1620/05/1630/05/16ZAR 0.4170
DRDLD29/04/1620/05/1630/05/16ZAR 0.3800

Upcoming AGMs**
CodeCompany NameDateStatus
ACLArcelorMittal South Africa Ltd.25/05/2016Confirmed
MLAPArcelorMittal South Africa Ltd.25/05/2016Confirmed
MTNMTN Group Ltd.25/05/2016Confirmed
ERNErin Energy Corporation25/05/2016Confirmed
AFXAfrican Oxygen Ltd.26/05/2016Confirmed

Stock Exchange News Service
DateTimeHeadline
25/05/201617:40HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Reviewed Provisional Consolidated Resu...
25/05/201617:38PSV HOLDINGS LIMITED - Restatement of Financial Information and Trading Statemen...
25/05/201617:26NEWPARK REIT LIMITED - Trading Statement
25/05/201617:15ASCENDIS HEALTH LIMITED - Share Dealings in Securities by Directors Associates
25/05/201617:05JSE LIMITED - Index Change Advice 20160530 Unbundling of BidCorp Limited from B...
25/05/201616:32Transnet Soc Limited - Transnet Tap Tn40
25/05/201616:30TRANSNET SOC LIMITED - transnet cp tap tsp195
25/05/201616:30CURRO HOLDINGS LIMITED - Change Statement And Notice Of Annual General Meeting
25/05/201616:30RAUBEX GROUP LIMITED - Dealings in securities by directors and executives
25/05/201616:30Transnet Soc Limited - Transnet New Cp Tsp210
25/05/201616:30Transnet Soc Limited - Transnet Cp Tap Tsp199
25/05/201616:30Transnet Soc Limited - Transnet Tap Tn30
25/05/201616:23EXXARO RESOURCES LIMITED - EXX01 ad EXX02 - Interest Rate Resets
25/05/201616:15E MEDIA HOLDINGS LIMITED - Reviewed Consolidated Condensed Annual Results for th...
25/05/201616:05LODESTONE REIT LIMITED - Dealings In Securities By Associates Of A Director Of L...
25/05/201615:52RECM AND CALIBRE LIMITED - Acquisition by a wholly owned subsidiary of a further...
25/05/201615:30SIRIUS REAL ESTATE LIMITED - Director Shareholding
25/05/201615:20OLD MUTUAL PLC - Form 8.3 - Public Opening Position Disclosure - Deutsche Boerse...
25/05/201615:14TIGER BRANDS LIMITED - Dealings in securities
25/05/201615:05AFRICAN BANK INVESTMENTS LIMITED - Successful Implementation and Termination of ...
25/05/201615:02ARCELORMITTAL SOUTH AFRICA LIMITED - Results of AGM
25/05/201615:00enX GROUP LIMITED - Further cautionary announcement
25/05/201615:00QUANTUM FOODS HOLDINGS LIMITED - Unaudited Condensed Consolidated Interim Financ...
25/05/201614:52RBA HOLDINGS LIMITED - Business rescue status reports available on RBA Holdings ...
25/05/201614:50FIRSTRAND BANK LIMITED - FRX26 - Listing of Tap Issue
25/05/201614:10CURRO HOLDINGS LIMITED - Dealing In Curro Shares By An Associate Of A Director
25/05/201614:00CORONATION FUND MANAGERS LIMITED - Dealings in securities by CFM Bonus Pool Trus...
25/05/201613:50THE THEKWINI FUND 13 (RF) LIMITED - Quarterly Investor Report Availability
25/05/201613:48THE THEKWINI FUND 12 (RF) LIMITED - Quarterly Investor Report
25/05/201613:40BAYPORT SECURITISATION (RF) LIMITED - Availability of Investor Report
25/05/201613:30GOLD BRANDS INVESTMENTS LIMITED - Renewal of cautionary announcement Gold Brands...
25/05/201613:27RHODES FOOD GROUP HOLDINGS LIMITED - Dealing in securities by a director of a ma...
25/05/201613:20IVUZI INVESTMENTS LIMITED - IVA633 - Listing of Tap Issue
25/05/201613:12IVUZI INVESTMENTS LIMITED - IVA635 - Listing of New Instrument
25/05/201613:00LONMIN PLC - Notification of major interest in shares
25/05/201613:00NIVEUS INVESTMENTS LIMITED - Reviewed Provisional Group Consolidated Results For...
25/05/201612:41BLUE TITANIUM CONDUIT (RF) LIMITED - BTC129 Listing Notice
25/05/201612:35SENTULA MINING LIMITED - Change to the Board - appointment of non-executive dire...
25/05/201612:32BLUE TITANIUM CONDUIT (RF) LIMITED - BTC127 Listing Notice
25/05/201612:30GREENHOUSE FUNDING III (RF) LIMITED - SENS Notice - Interest rate reset - Greenh...
25/05/201612:10INGUZA INVESTMENTS (RF) LIMITED - INGR06 Investor Report
25/05/201611:33ILLOVO SUGAR LIMITED - Results of meeting
25/05/201611:29SYNTHESIS FUNDING LIMITED - New Financial Instrument Listing - SY1304
25/05/201611:26INVESTEC BANK LIMITED - Distribution Payment of Variable Strike Warrant - HYPIVC
25/05/201611:25INVESTEC BANK LIMITED - CANCELLATION OF S371845 Distribution payment of variable...
25/05/201611:00MONDI LIMITED - Notification of Major Interests in Shares
25/05/201610:15NEWFUNDS COLLECTIVE INVEST SCHEME - NFEMOM - Change to Index Constituents effect...
25/05/201610:13NEWFUNDS COLLECTIVE INVEST SCHEME - NFSWIX/ ,APPSG/MAPPSP/NEWFSA and NFSH40 - Ch...
25/05/201610:05TOWER PROPERTY FUND LIMITED - Bookbuild
25/05/201610:00THE THEKWINI WAREHOUSING CONDUIT (RF) LIMITED - New Financial Instrument - TWC17...
25/05/201609:32QUANTUM PROPERTY GROUP LIMITED - Renewal of cautionary announcement
25/05/201609:30DENEB INVESTMENTS LIMITED - Provisional condensed consolidated results for the y...
25/05/201609:01NEWGOLD ISSUER (RF) LIMITED - NGPLT/NGNPLT - Partial de-listing of NewGold Plati...
25/05/201609:00SABMILLER PLC - Rule 2.10 announcement
25/05/201609:00NEWFUNDS COLLECTIVE INVEST SCHEME - NFGOVI - Partial de-listing of NewFunds GOVI...
25/05/201609:00COMAIR LIMITED - Cautionary Renewal
25/05/201609:00NEWGOLD ISSUER (RF) LIMITED - NGPLD/NGNPLD - Partial de-listing of NewGold Palla...
25/05/201608:59MTN GROUP LIMITED - 21st Annual General Meeting - Business Update
25/05/201608:30STOR-AGE PROPERTY REIT LIMITED - Expansion of two existing self storage properti...
25/05/201608:30MPACT LIMITED - Investor site visit
25/05/201608:15STANDARD BANK OF SOUTH AFRICA LD - SCIB: The Standard Bank Of South Africa - Not...
25/05/201608:15STANDARD BANK OF SOUTH AFRICA LD - SCIB: The Standard Bank Of South Africa - Not...
25/05/201608:05MEDICLINIC INTERNATIONAL PLC - Mediclinic International plc - audited results fo...
25/05/201608:01REINET INVESTMENTS S.C.A - Reinet Securities SA dividend dates in respect of Re...
25/05/201608:00TASTE HOLDINGS LIMITED - Audited Summarised Consolidated Results for the Year En...
25/05/201608:00REINET INVESTMENTS S.C.A - Consolidated audited financial results for the year e...
25/05/201608:00ANHEUSER-BUSCH INBEV SA/NV - Anheuser-Busch InBev welcomes clearance in EU for p...
25/05/201607:20THE PIVOTAL FUND LIMITED - Summarised audited consolidated financial results for...
25/05/201607:08LEWIS GROUP LIMITED - Preliminary reviewed results for the year ended 31 March 2...
25/05/201607:05TSOGO SUN HOLDINGS LIMITED - Reviewed Condensed Consolidated Financial results f...
25/05/201607:05SABMILLER PLC - Anheuser-Busch InBev receives clearance in EU for proposed combi...

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