Daily Equity Report
Welcome to the Sharenet Daily Equity Report
Issue: 24 August 2010 15:46
Please send any comments about our new format by replying to this email. Contributors such as Ian de Lange's reports will appear at the top when available, otherwise Reuters end of day commentary will be published if available. Company results will appear under the news when available.
Issue: 24 August 2010 15:46
Please send any comments about our new format by replying to this email. Contributors such as Ian de Lange's reports will appear at the top when available, otherwise Reuters end of day commentary will be published if available. Company results will appear under the news when available.
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Retirement Questions
Last week I went to the Sanlam Benchmark Symposium presentation. It is an annual presentation where Sanlam communicates their research findings to the pension fund industry in South Africa. They conduct a broad research every year across many stand alone pension/provident funds as well umbrella pension/provident funds.
According to their research the average member contributes 11.3% of his/her salary towards retirement, 1.9% towards death benefits, and 1.3% towards disability cover.
One of the most shocking statistics that was thrown around was that 60% of today’s 20 year olds in South Africa will not live beyond the age of 60. We as a community have lots to do in this regard.
Then, also interestingly, 65% of members belonging to a pension or provident fund invest in the default option. One should be concerned about this because it shows that many people in SA are either not informed about investments or not interested. Investing is one of those things that you just need to understand whether you like it or not. After all, you do spend most of your time accumulating some sort of nest egg.
Let’s look at some of the questions you should be asking yourself when you are far from retirement, close to retirement, at retirement, and in retirement.
I trust that these questions will provide a starting point for you when taking a closer look at your current investments and investment strategy.
I always enjoy the quote by Richard Cushing:
“It wasn't raining when Noah built the Ark.”
Have you started building your ark?
Kind regards,
Vincent Heys
info@seedinvestments.co.za
www.seedinvestments.co.za
021 9144 966
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=300&cropratio=2:1&image=/newsimages/2010-08-24T123933Z_01_BTRE67N0Z5Z00_RTROPTP_3_OUKWD-UK-SAFRICA-STRIKE.JPG "Public servants including teachers take part in a strike at the Pretoria city centre")
14h39 South Africa's government and unions are facing increased pressure to end a nearly week-long state workers' strike from a public angry at the mounting impact the stoppage has had on the poor. Full story
15h44 Rwanda's army denied there were
deepening internal rifts among its ranks after the authorities
arrested the brother of an exiled dissident general suspected of
threatening the central African nation's security. Full story
15h32 China Railway Group is in talks with South Africa's government to build a $30 billion high-speed rail network, Bloomberg News said on Tuesday, citing the chairman of the Chinese firm. Full story
14h49 South Africa on Tuesday lowered its 2009/10 maize crop forecast to 13.094 million tonnes from a previous estimate of 13.317 million tonnes due to lower than expected yields, the Crop Estimates Committee (CEC) said. Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=140&cropratio=4:3&image=/newsimages/2010-08-24T110512Z_01_AJOE67N0USQ00_RTROPTP_3_OZABS-TELKOM-20100824.JPG "People walk past telephone booths in the streets of Kenya's capital Nairobi")
13h44 Telkom is looking to restart talks with AT&T Inc about its Africa partnership, which has so far brought little new business,. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=140&cropratio=4:3&image=/newsimages/2010-08-24T105136Z_01_AJOE67N0U6200_RTROPTP_3_OZABS-GHANA-OIL-20100824.JPG "General view of the Tema oil refinery near Ghana's capital Accra")
13h36 Ghana is on track to pump its first barrel of crude in December but must be wary of seeing oil as. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=140&cropratio=4:3&image=/newsimages/2010-08-24T110006Z_01_AJOE67N0UJM00_RTROPTP_3_OZABS-NIGERIA-USA-AIRLINES-20100824.JPG "Booking photograph of Umar Farouk Abdulmutallab from the US Marshals Service")
13h00 Nigerian airlines have gained the right to fly their own planes to the United States after an improvement in the West. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=140&cropratio=4:3&image=/newsimages/2010-08-24T094305Z_01_AJOE67N0QZV00_RTROPTP_3_OZABS-SAFRICA-GDP-20100824.JPG "A vegetable vendor sits next to her stall in Kliptown")
12h49 Growth in South Africa's economy slowed more than expected in the second quarter of 2010 as mining contracted while expansion in. . . Full story
Results
Revenues increased from R15.3 billion to R17 billion, an 11% improvement. EBITDA of R689 million equated to growth of R121 million, or 21%, on the comparative year. Operating profit rose to R569.5 million (R474.8 million). However, net attributable profit declined to R365 milllion (R390.5 mi Full story
Revenue grew to R527.8 million (June 2009: R434.1 million), while net operating income rose to R284.7 million (June 2009: 272.3 million).Total comprehensive income for the period increased to R302.3 million (June 2009: Loss for the period R20.8 million). Headline earnings per combined unit w Full story
Revenue decreased by 12% to R6939 million (2009: R7889 million), operating profit fell to R718 million (2009: R943 million). Loss attributable to ordinary shareholders amounted to R56 million (2009: profit of R43 million), additionaly, the company reported headline loss per share of 21.7cps Full story
Revenue through sale of merchandise for the period increased by 13.6% to R67.4 billion (2009: R59.3 billion). Gross profit rose by 15.9% to R13.2 billion (2009: R11.4 billion) , while operating profit was 16.3% higher than the previous period at R3.3 billion (2009: R2.9 billion) . Profit att Full story
Revenue for the year increased by 21% to R496.7 million (2009: R410 million). Earnings before interest, taxation, depreciation and amortisation rose by 32% to R85.5 million (2009: R64.7 million) , while operating profit for the period was 35% higher at R51.8 million (2009: R38.4 million). Ne Full story
Revenue fell by 2.6% to R1.89 billion (2009: R1.94 billion), gross profit dropped to R523 million (2009: R528 million). Operating profit declined to R35.2 million (2009: R59.8 million), while profit attributable to ordinary shareholders of the company was recorded at R20.8 million (2009: R28 Full story
Trading Statistics
| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 24/08/2010 | 95 | 210 | 82 | 387 | 167,234,200 | R7,467,159,424 | 73405 | 1721555 |
| 23/08/2010 | 232 | 124 | 68 | 424 | 293,619,293 | R13,917,751,961 | 97217 | 1935737 |
| 20/08/2010 | 103 | 221 | 82 | 406 | 323,495,225 | R12,197,876,110 | 80955 | 2104408 |
Major Moves Up
| Sharename | Sale | Move | % Move | Volume | |
| 1 | OANDO | 339 | 39 | 13.00.% | 5245 |
| 2 | MIXTEL | 140 | 9 | 6.87.% | 60000 |
| 3 | DELTA | 1488 | 39 | 2.69.% | 29840 |
| 4 | COMAIR | 198 | 5 | 2.59.% | 99620 |
| 5 | GRANPRADE | 237 | 5 | 2.16.% | 73968 |
| 6 | SHOPRIT | 8399 | 167 | 2.03.% | 1925698 |
| 7 | ESORFRANK | 255 | 5 | 2.00.% | 279941 |
| 8 | OMNIA-NPL | 995 | 19 | 1.95.% | 33736 |
| 9 | DRDGOLD | 300 | 5 | 1.69.% | 96529 |
| 10 | AFROX | 2300 | 35 | 1.55.% | 182911 |
| 11 | A-V-I | 2505 | 38 | 1.54.% | 494836 |
| 12 | COAL | 925 | 14 | 1.54.% | 93057 |
| 13 | METAIR | 1050 | 15 | 1.45.% | 72131 |
| 14 | ITLTILE | 356 | 5 | 1.42.% | 6267 |
| 15 | WESIZWE | 173 | 2 | 1.17.% | 175341 |
| 16 | ALTRON | 2445 | 27 | 1.12.% | 2155 |
| 17 | INVICTA | 3185 | 35 | 1.11.% | 1000 |
| 18 | HWANGE | 194 | 2 | 1.04.% | 127259 |
| 19 | ALTECH | 6099 | 59 | 0.98.% | 44370 |
| 20 | WBHO | 10920 | 100 | 0.92.% | 103643 |
Major Moves Down
| Sharename | Sale | Move | % Move | Volume | |
| 1 | HUGE | 175 | -25 | -12.50.% | 36200 |
| 2 | 1TIME | 106 | -9 | -7.83.% | 428212 |
| 3 | CBH | 245 | -15 | -5.77.% | 900 |
| 4 | URONE | 2250 | -137 | -5.74.% | 9490 |
| 5 | RANGOLD | 570 | -30 | -5.00.% | 1980 |
| 6 | KUMBAIO | 32301 | -1585 | -4.68.% | 601512 |
| 7 | BASREAD | 1186 | -54 | -4.35.% | 158430 |
| 8 | ANGLOPLAT | 62651 | -2849 | -4.35.% | 451201 |
| 9 | PALCAP | 240 | -10 | -4.00.% | 63285 |
| 10 | MONDILTDP | 5177 | -213 | -3.95.% | 313295 |
| 11 | AQUARIUS | 2990 | -110 | -3.55.% | 72497 |
| 12 | MONDIPLCP | 5190 | -185 | -3.44.% | 511929 |
| 13 | NEPI | 3001 | -99 | -3.19.% | 2300 |
| 14 | ARM | 15311 | -489 | -3.09.% | 181202 |
| 15 | GOLDREEF | 1706 | -54 | -3.07.% | 32569 |
| 16 | IMPLATS | 17851 | -549 | -2.98.% | 1212222 |
| 17 | CAPITEC | 13200 | -402 | -2.96.% | 18834 |
| 18 | ANGLO | 26310 | -770 | -2.84.% | 3274544 |
| 19 | EXXARO | 11122 | -298 | -2.61.% | 470462 |
| 20 | GOLDONE | 189 | -5 | -2.58.% | 256675 |
New Highs
| Sharename | Sale | High | Move | % Move | Volume | |
| 1 | METAIR | 1050 | 1050 | 15 | 1.45.% | 72131 |
| 2 | ABE | 198 | 198 | 1 | 0.51.% | 50 |
| 3 | MONDIPLCP | 5190 | 5580 | -185 | -3.44.% | 511929 |
New Lows
| Sharename | Sale | Low | Move | % Move | Volume | |
| 1 | ILLOVO | 2537 | 2485 | -8 | -0.31.% | 113799 |
| 2 | DRDGOLD | 300 | 290 | 5 | 1.69.% | 96529 |
| 3 | OANDO | 339 | 255 | 39 | 13.00.% | 5245 |
Spot Prices
|
Index Summary
|
| Code | Company Name | Status | Updated |
| HAR | HARMONY GOLD MINING COMPA... | BUY | 19 Aug |
| RMH | RMB HOLDINGS LIMITED | HOLD | 19 Aug |
| ARL | ASTRAL FOODS | BUY | 19 Aug |
| RBX | RAUBEX GROUP LTD | BUY | 19 Aug |
| AVI | AVI LTD | HOLD | 19 Aug |
| Expected | Company Name | Fin. Date |
| 23 Aug 2010 | MICROMEGA | June 2010 (Interim) |
| 24 Aug 2010 | BLUETEL | May 2010 (Final) |
| 24 Aug 2010 | CAXTON | June 2010 (Final) |
| 24 Aug 2010 | CAXTON6%CPP | June 2010 (Final) |
| 24 Aug 2010 | DEFCAP | June 2010 (Final) |
| Share Name | Dec Date | LDT | Pay Date | Amount |
| ADVTECH | 10-08-23 | 10-09-10 | 10-09-20 | R 0.0800 |
| NORTHAM | 10-08-20 | 10-09-10 | 10-09-20 | R 0.2000 |
| INTRADING | 10-08-20 | 10-09-10 | 10-09-20 | R 0.3000 |
| CBH | 10-08-20 | 10-11-19 | 10-11-29 | R 0.0147 |
| SA CORP | 10-08-20 | 10-09-16 | 10-09-27 | R 0.1424 |
| Share Name | Dec Date | LDT | Pay Date | Amount |
| ABSABANK-P | 10-08-04 | 10-08-20 | 10-08-30 | R 31.9750 |
| FIRSTRANDB-P | 10-08-05 | 10-08-20 | 10-08-30 | R 3.5500 |
| ABSA | 10-08-04 | 10-08-20 | 10-08-30 | R 2.2500 |
| GFIELDS | 10-08-05 | 10-08-20 | 10-08-30 | R 0.7000 |
| NEDBANK-P | 10-08-02 | 10-08-20 | 10-08-30 | R 0.3805 |
| Code | Company Name | Date | Status |
| ART | Argent Industrial Ltd | 24/08/2010 | Confirmed |
| TKGB | Telkom SA Ltd | 24/08/2010 | Confirmed |
| TKGA | Telkom SA Ltd | 24/08/2010 | Confirmed |
| TKG | Telkom SA Ltd | 24/08/2010 | Confirmed |
| ANS | Ansys Ltd | 24/08/2010 | Confirmed |
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