South Africa Market Review:
South African markets closed in the red yesterday, amid losses in gold mining and retail sector stocks. However, banking and platinum mining sector stocks gained the most after the South African Reserve Bank (SARB) kept the benchmark interest rate unchanged. Gold miners, AngloGold Ashanti, Sibanye Gold and Harmony Gold Mining Company dropped 3.9%, 3.6% and 3.5%, respectively. Food and drug retailers, Choppies Enterprises and Clicks Group plummeted 9.7% and 0.2%, respectively. Healthcare giant, Netcare plunged 10.0%, after the company warned of a decline in paid patient days because healthcare schemes have been taking a tougher line on approving admissions. On the flipside, Standard Bank Group closed 1.9% higher. The JSE All Share index declined 0.4% to close at 52,261.18.
UK Market Review
UK markets finished weaker yesterday, amid strength in the Pound and as investors’ mull over Brexit worries. Energy major, SSE closed 1.5% lower, after the company stated that it expects operating profit in its networks division to be about GBP100.00mn lower in FY18 than the current year. Healthcare giants, Mediclinic International and Smith & Nephew fell 3.0% and 1.6%, respectively. On the brighter side, miners, Antofagasta, Anglo American and Glencore climbed 2.9%, 2.3% and 1.4%, respectively. Cruise company, Carnival gained 0.5%, after it reported robust results for 1Q17. Tobacco company, Imperial Brands added 0.4%, after the company stated that it is on track to meet earnings expectations for 1H17. The FTSE 100 index declined 0.1%, to close at 7,369.52.
US Market Review
US markets ended in positive territory yesterday, amid gains in financial sector stocks following news that the country’s economy grew more-than-expected in the last quarter of 2016. Financial services providers, Bank of America Corp. and JPMorgan Chase & Co. added 2.2% and 0.9%, respectively, while their peers, American Express Co. and Goldman Sachs Group Inc. gained 1.2% each. Energy major, ConocoPhillips surged 8.8%, on higher crude oil prices. On the downside, Lululemon Athletica tumbled 23.4%, after the company missed 4Q16 earnings expectations and forecasted lower revenues for 1Q17. The S&P 500 index rose 0.3% to settle at 2,368.06, while the DJIA index advanced 0.3% to close at 20,728.49. The NASDAQ index climbed 0.3% to end the trading session at 5,914.34.
Asian Market Review
Markets in Asia are trading mostly lower this morning. In Japan, Toshiba has jumped 5.9%, after the company’s shareholders agreed to split off its prized NAND flash memory unit in its extraordinary general meeting. On the downside, Morinaga Milk Industry and Morinaga have plunged 15.4% and 5.1%, respectively, after both the companies called off their integration plan. In Hong Kong, Wynn Macau has declined 3.9%, after the company reported a decline in its net profit for FY16 due to rising costs. In South Korea, SK Hynix, Hyundai Motor and Samsung Electronics have slipped 1.2%, 1.0% and 0.9%, respectively. The Nikkei 225 index is trading 0.5% higher at 19,156.38. The Hang Seng index is trading 0.5% down at 24,183.92, while the Kospi index is trading marginally lower at 2,164.95.
|Last Close||1D Chg||1D % Chg||YTD% Chg||1M % Chg||1Y % Chg||P/E Multiple (x)|
|JSE All Share||52,261.18||-183.60||-0.4||3.2||2.2||-0.4||17.31|
|JSE Africa Resource 10||31,787.67||143.79||0.5||-1.0||0.4||8.7||17.22|
|JSE Africa Financial 15||15,137.65||80.75||0.5||0.4||1.5||-4.1||12.22|
|JSE Africa Industrial 25||68,183.65||-754.39||-1.1||6.1||3.8||-4.1||26.25|
|German DAX 30||12,256.43||53.43||0.4||6.8||3.6||22.0||20.07|
|France CAC 40||5,089.64||20.60||0.4||4.7||4.8||14.5||19.65|
|Dow Jones Industrials||20,728.49||69.17||0.3||4.9||-0.4||17.0||19.11|
|Hang Seng Index*||24,183.92||-117.17||-0.5||10.5||2.4||16.8||13.36|
- At 06:00 SAST today, Brent crude oil fell 0.4% to trade at $51.96/bl, ahead of Baker Hughes weekly crude oil rig count data, slated later in the day. Yesterday, Brent crude oil rose 1.0% to settle at $52.16/ bl, amid optimism that an OPEC led production cut deal would be extended beyond June, after bullish comments from Kuwait oil Chief, Essam al-Marzouq.
- Yesterday, the Illinois North Central No.2 Yellow corn spot prices fell 0.4% to $3.32/bushel.
- At 06:00 SAST today, gold prices declined 0.1% to trade at $1,241.14/oz. Yesterday, gold declined 0.9% to close at $1,242.64/ oz, as strength in the greenback weighed on the yellow metal.
- Yesterday, copper rose 0.9% to close at $5,938.00/mt. Aluminium closed 0.5% higher at $1,962.00/mt.
- Yesterday, the South African Rand weakened substantially against the US dollar, after news emerged that South African Finance Minister, Pravin Gordhan, had been fired and would be replaced by Home Affairs Minister, Malusi Gigaba. On the data front, the South African purchasing price index (PPI) advanced more-than-expected on a monthly basis in February, while it remained in line with market estimates on yearly basis in the same month. Meanwhile, the SARB held the key interest unchanged at the second meeting of 2017. In the US, the economic growth slowed less than previously reported in the 4Q16, amid robust consumer spending in the nation. However, the weekly jobless claims fell less-than-expected last week. Today, the Chicago purchasing managers’ index (PMI) along with the Reuters/ Michigan consumer sentiment index in the US will be on traders’ radar.
- The yield on benchmark government bonds declined yesterday, amid ongoing political turmoil in the nation. The yield on 2017 bond fell to 7.29% while that for the longer-dated 2026 issue dropped to 8.50%.
- At 06:00 SAST, the US dollar is trading 1.2% higher against the South African rand at R13.4445, while the euro is trading 1.2% higher at R14.3496.
- Yesterday, the euro declined against most of the major currencies, following the disappointing readings of major economic data prints from both the eurozone and Germany. Moving forward, investors’ will await the eurozone and Italian consumer price index (CPI), due later in the day. Additionally, German retail sales and unemployment rate will keep market participants on their toes.
- At 06:00 SAST, the euro advanced a tad against the US dollar to trade at $1.0679, while it has weakened 0.1% against the British pound to trade at GBP0.8549.
Dual Listed Companies-Price Differential:
|Company Name||Price (R) – Local||Primary Exchange||Price (Primary||Equivalent Price||Price Difference|
|Anglo American Plc||202.16||London Stock Exchange||12.63||GBP||211.72||-9.56|
|BHP Billiton Plc||203.72||London Stock Exchange||12.71||GBP||213.06||-9.34|
|British American Tobacco Plc||849.46||London Stock Exchange||53.10||GBP||890.49||-41.03|
|Capital & Counties Properties Plc||45.43||London Stock Exchange||2.84||GBP||47.63||-2.20|
|Cie Financiere Richemont SA*||100.86||SIX Swiss Exchange||78.05||CHF||104.74||-3.88|
|Intu Properties Plc||43.55||London Stock Exchange||2.72||GBP||45.60||-2.05|
|Investec Plc||96.50||London Stock Exchange||6.04||GBP||101.29||-4.79|
|Lonmin Plc||14.10||London Stock Exchange||0.88||GBP||14.76||-0.66|
|Mondi Plc||316.75||London Stock Exchange||19.77||GBP||331.54||-14.79|
|Old Mutual Plc||34.51||London Stock Exchange||2.17||GBP||36.37||-1.86|
|Pan African Resources Plc||2.60||London Stock Exchange||0.16||GBP||2.64||-0.04|
|Reinet Investments SCA*||28.55||Luxembourg Stock Exchange||18.09||EUR||25.96||2.59|
|AngloGold Ashanti Ltd||138.41||New York Stock Exchange||10.62||USD||142.70||-4.29|
|DRDGOLD Ltd*||6.21||New York Stock Exchange||4.82||USD||6.48||-0.27|
|Gold Fields Ltd||45.30||New York Stock Exchange||3.48||USD||46.76||-1.46|
|Harmony Gold Mining Co Ltd||29.72||New York Stock Exchange||2.34||USD||31.44||-1.72|
|Redefine International Plc/Isle of Man||5.87||London Stock Exchange||0.36||GBP||6.10||-0.23|
|Glencore Xstrata Plc||50.85||London Stock Exchange||3.18||GBP||53.24||-2.39|
|Steinhoff International Holdings NV||64.30||Xetra Stock Exchange||4.67||EUR||66.99||-2.69|
|Anheuser-Busch||1,416.31||En Brussels Stock Exchange||103.05||EUR||1,478.63||-62.32|
* Depositary Reciepts (DR) trade in the ratio of ten DRs to each Company share; Exchange Rate – USDZAR:13.4368, EURZAR:14.3487, GBPZAR:16.7700, CHFZAR:13.4194, Conversion rate as of 6:00 SAST
JSE All Shares Stocks Hitting 52 Week High/Low:
|Company Name||Closing Price (R)||1D% Chg||52 Week High / Low|
|Mondi PLC||316.75||0.9%||Hits 52 Week High|
|Raubex Group Ltd||26.40||0.2%||Hits 52 Week High|
|Telkom SA SOC Ltd||76.41||-1.4%||Hits 52 Week High|
|Consolidated Infrastructure Group Ltd||21.05||-0.9%||Hits 52 Week Low|
|New Europe Property Investments PLC||140.02||-1.4%||Hits 52 Week Low|
|Netcare Ltd||27.30||-10.0%||Hits 52 Week Low|
- In February, on an annual basis, the private sector credit registered a rise of 5.26% in South Africa, compared with a revised advance of 5.52% in the prior month.
- The electricity production recorded a drop of 3.8% on a yearly basis in South Africa, in February. In the prior month, it had recorded a rise of 0.8%.
- The electricity consumption in South Africa recorded a drop of 3.6% on a yearly basis, in February. It had registered a drop of 0.6% in the previous month.
- On a monthly basis in February, the PPI rose 0.6% in South Africa. It had recorded a rise of 0.4% in the prior month.
- In the UK, consumer confidence remained flat at a level of -6.00 in March.
- In March, the preliminary consumer price index in Germany advanced 0.2% on a monthly basis, compared with a rise of 0.6% in the prior month.
- The business climate indicator in the eurozone remained unchanged at a level of 0.82 in March.
- In March, the services sentiment indicator in the eurozone fell unexpectedly to a level of 12.70, compared with a revised level of 13.90 in the prior month.
- In March, the final consumer confidence index registered a rise to -5.00 in the eurozone. The preliminary figures had also recorded a rise of -5.00.
- In the eurozone, industrial confidence index dropped unexpectedly to 1.20 in March. In the prior month, it registered a reading of 1.30.
- In the eurozone, the economic sentiment indicator eased unexpectedly to a level of 107.90 in March. It had recorded a reading of 108.00 in the prior month.
- On a quarterly basis in 4Q16, the final gross domestic product climbed 2.1% in the US, compared to a rise of 1.4% in the prior quarter. The preliminary figures had recorded a rise of 2.0%.
- In the week ended 25 March 2017, the initial jobless claims in the US eased to 258.00k. It had recorded a level of 261.00 K in the previous week.
- The NBS non-manufacturing PMI in China rose to a level of 55.10 in March. It PMI had registered a reading of 54.20 in the previous month.
Key Economic Releases Today:
|UK||1:01||GfK Consumer Confidence Index (Mar)||««||-6.00*||-6.00||Monthly|
|Japan||1:30||Unemployment Rate (Feb)||««||2.8%*||3.0%||Monthly|
|Japan||1:50||Industrial Production, Prelim (MoM) (Feb)||«||2.0%*||-0.4%||Monthly|
|China||3:00||NBS Non-manufacturing PMI (Mar)||«||55.10*||54.20||Monthly|
|China||3:00||NBS Manufacturing PMI (Mar)||««||51.80*||51.60||Monthly|
|France||8:45||Producer Price Index (MoM) (Feb)||«||–||0.7%||Monthly|
|France||8:45||Consumer Spending (MoM) (Feb)||«||0.1%||0.6%||Monthly|
|Germany||9:00||Retail Sales (MoM) (Feb)||««||0.7%||-0.8%||Monthly|
|Germany||9:55||Unemployment Change (Mar)||«««||-10.00k||-14.00k||Monthly|
|UK||10:30||Current Account Balance (4Q)||««||–||-GBP25.50bn||Quarterly|
|UK||10:30||Gross Domestic Product s.a., Final (QoQ) (4Q)||«««||0.7%||0.7%**||Quarterly|
|Italy||11:00||Consumer Price Index, Prelim (MoM) (Mar)||«||–||0.3%||Monthly|
|Italy||12:00||Producer Price Index (MoM) (Feb)||«||–||1.1%||Monthly|
|South Africa||14:00||Trade Balance (Feb)||««||–||-R10.80bn||Monthly|
|Italy||–||Gross Domestic Product – Annual (YoY)||««||–||0.8%||Yearly|
|Canada||–||Gross Domestic Product (MoM) (Jan)||««||0.3%||0.3%||Monthly|
|US||–||Chicago PMI (Mar)||«««||56.90||57.40||Monthly|
|US||–||Reuters/Michigan Consumer Sentiment Index, Final (Mar)||«««||97.60||98.00**||Monthly|
- Netcare Limited: The healthcare company, in its update on trading operations in Southern Africa (SA) and the UK for the period from 1 October 2016 to date, stated that the SA division has experienced a very challenging period of trading for the period under review. The trading environment has been characterised by low growth in the SA economy and in total medical scheme beneficiaries.
- Sygnia’s U-turn on ETFs: Asset management firm Sygnia is getting behind db X-trackers (DBX) exchange-traded funds (ETFs) – a plan that has been in the making for more than a year – through the acquisition of the investment product from Deutsche Group for R325.00mn.
- Afrimat launches its own construction index derived from six indicators: Afrimat, the rising star of the JSE’s construction and engineering industry stocks and related cement and building materials shares, has launched its own construction index.
- Transcend Residential Property Fund declares maiden dividend: Transcend Residential Property Fund declared a dividend 5.60803c a share in its maiden financial results on Thursday, for the one-month period to end-December. Transcend, which owns differentiated rental residential property, listed in December last year. CEO Rob Wesselo stated that the fund intended to give investors exposure to a “robust rental market” following its listing.
- Jubilee generates GBP4.85mn with its surface processing project now in operation: Mine developer, Jubilee Platinum generated GBP4.85mn interim revenue by bringing its surface processing project Dilokong Chrome Mine (DCM) into operation, it reported on Thursday. In the matching period, interim revenue slumped to GBP62,000 following the sale of its Middelburg operations.
- Share prices fall as talks between AME and Cognition are terminated: The share price of digital marketing and market research firm Cognition fell 7% to R1.20 on Thursday after it said talks with radio station owner African Media Enterprises (AME) had been terminated.
- Stallion’s holding company to buy Revert Risk Management Solutions: The holding company of armed response group Stallion, CSG, is acquiring Revert Risk Management Solutions for R100m from RTT Group, it stated on Thursday.
- Indluplace Properties homing in on growth and profit: Though Indluplace Properties was off to a strong start in the first two weeks following its listing by the Arrowhead stable in mid-2015, the JSE’s first purely rental housing play hasn’t quite lived up to expectations since then. By the end of 2016, the share price was down about 10.0% from its post-listing high of R11.65.
- Masimong said to lead bid for Anglo’s local coal assets: Masimong Minerals has emerged as the favourite to win an auction for some of Anglo American’s South African coal mines, according to two people familiar with the matter.
- Pallinghurst in the black again with gems’ help: Pallinghurst Resources swung out of a $149.00mn loss in financial 2015 to a $45.00mn profit for the year to December 2016 as its core Gemfields business raked in record revenues.
- Tribunal nod for PIC holding in Distell: The Competition Tribunal has approved the Public Investment Corporation’s (PIC) acquisition of Anheuser-Busch InBev’s 26.5% stake in Distell but no details of the price have been made public.
- Peregrine considers splitting: The country’s oldest hedge fund operator, Peregrine Holdings, is considering a plan to split the company by using profits from its stockbroking and wealth-management units to create a new investment firm.
- AngioDynamics Inc.: The healthcare company, in its 3Q17 results, revealed that its net sales declined 2.1% from the same period of the preceding year to $85.60mn. Its diluted EPS stood at $0.08, compared with $0.02 recorded in the corresponding period of the previous year. For FY17, the company revised its revenue guidance from a range of $355.00mn to $360.00mn to a range of $352.00mn to $355.00mn.
- Titan Machinery Inc.: The agricultural and construction equipment company, in its FY17 results, stated that its total revenue decreased to $1.21bn from $1.38bn recorded in the previous year. Its diluted loss narrowed to $0.65/share from $1.76/share posted last year. Its loss before tax contracted to $22.71mn from $56.21mn reported in the prior year.
- Carnival Plc: The cruise company, in its 1Q17 results, indicated that its total revenue advanced 3.8% from the corresponding period of the preceding year to GBP3.79bn. Its diluted EPS stood at $0.48, compared with $0.18 recorded in the same period of the previous year. Its income before tax advanced to $354.00mn from $143.00mn posted in the similar period last year.
- Imperial Brands Plc: The tobacco company, in its trading update ahead of its close period on 1 April 2017, stated that it is on track to meet earnings expectations for 1H17 at both constant currency and reported exchange rates.
- Vedanta Resources Plc: The mining company reported that its Board of Directors has approved the second Interim Dividend of INR17.70 per equity share i.e. 1,770.0% on face value of INR1.00/share for FY17. The record date for the purpose of payment of dividend is 12 April 2017.
- William Hill Plc: The bookmaker reported that Ruth Prior will be appointed Chief Financial Officer (CFO), effective later in the year. Ruth is currently Chief Operating Officer (COO) and was previously Deputy CFO of Worldpay, a global leader in payments processing technology and solutions.
- Electra Private Equity Plc: The private equity company announced that it has agreed on the sale of Treetops Nurseries, the UK’s fourth largest nursery education operator, to Busy Bees. The transaction is anticipated to close in April. The company is expected to receive GBP93.00mn, an uplift of GBP44.00mn or 91.0% and equivalent to an increase in its NAV of 107.00p/share on the valuation of the investment at 30 September 2016.
- ConvaTec Group Plc: The healthcare company announced an expansion of its manufacturing technology platform for the insulin pump therapy business at Medtronic. With this expansion, its Unomedical subsidiary is increasing its production capabilities to sustain the range of infusion sets and insulin pump therapy solutions offered by the Diabetes Group at Medtronic.
- Hinkley Point construction gets under way: EDF, the French utility leading the GBP18.00bn project, stated that it had started pouring concrete after receiving its first go-ahead for construction work from Britain’s nuclear regulator. To Read More Click Here
- Beijing considers merger to create $230.00bn energy group, say reports: Contract negotiations between Chinese coal group Shenhua and power generators have led to reports that Beijing will force the miner to merge with one of its largest electricity companies as rising prices create friction within China’s state-owned economy. To Read More Click Here
- Guotai Junan $2.10bn IPO sets marker for Hong Kong: The decision of Chinese broker Guotai Junan to offer a single price for its $2.10bn Hong Kong flotation, pricing on Friday, has stirred hopes that it could encourage greater international interest in the city’s initial public offerings. To Read More Click Here
- HSBC in move to improve services for transgender customers: HSBC is unveiling a range of gender-neutral titles in a move to improve services for UK customers as more banks attempt to embrace gender diversity and inclusion. To Read More Click Here
- JPMorgan eyes Dublin site as it weighs up Brexit options: JPMorgan is in talks to buy a new building in Dublin, but has told London staff it will not “rush into any decisions” on how it will adjust its operations after Brexit. To Read More Click Here
- VW agrees to pay additional $157.00mn to settle environmental claims: Volkswagen has agreed to pay an additional $157.00m to settle environmental claims relating to its cheating of emissions tests with 10 US states – a deal the New York attorney-general called “vital”. To Read More Click Here
- Audi to buy US car rental service Silvercar: Audi has offered to purchase premium US car rental service Silvercar as it seeks to expand its presence in mobility services and apply the start-up’s software expertise to other platforms for car-sharing. To Read More Click Here
- Streaming spurs growth in world’s top music market: Sales from streaming fuelled the fastest growth in the world’s biggest music market since 1998, according to data from the Recording Industry Association of America. To Read More Click Here
- AO World raises GBP50.00mn to fund European expansion: AO World, the fast-growing but lossmaking online electrical appliances retailer, stated that it had raised GBP50.00mn from a share issue to fund its expansion in Europe. To Read More Click Here
- Sales growth slows at Booker ahead of Tesco merger: Sales growth at Booker Group slowed in its fourth quarter but remained stronger than last year, as the UK’s biggest food wholesaler prepares for a GBP3.70bn takeover by Tesco. To Read More Click Here
- H&M launches new brand in effort to lift sluggish sales growth: Hennes & Mauritz is launching its eighth brand and investing heavily to get its clothes faster into shops as the Swedish fashion retailer responds to sluggish sales growth. To Read More Click Here
- McDonald’s to use fresh beef in top-selling Quarter Pounders: McDonald’s will start using fresh beef patties instead of frozen ones in its Quarter Pounders across the US by the middle of next year, marking a change to one of its biggest-selling products at a time when it is trying to lure back customers. To Read More Click Here
- John Lewis MD says industry must adapt to ‘profound’ changes: The new Managing Director of John Lewis stated that the department store needed to reinvent itself to meet “profound” changes in the industry as consumers spent more online and increasingly expected shops to double as entertainment venues. To Read More Click Here
- Agriculture group Carr’s shares slide after profit warning: Agriculture and engineering group Carr’s lost almost a third of its value on Thursday after it warned its profits would come in “significantly below expectations” this year. To Read More Click Here
- Uber faces prospect of further barrier in Waymo court showdown: The judge hearing the Waymo-Uber lawsuit over self-driving technology has said there is “a good chance” he will grant Waymo’s request for a preliminary injunction, a move that would deal a blow to Uber’s self-driving ambitions. To Read More Click Here
- SpaceX uses recycled rocket to send payload into orbit: SpaceX on Thursday became the first space company to use a recycled rocket to send a payload into orbit, paving the way for a sharp drop in launch costs that is a key part of its long-term plan to carry passengers to Mars. To Read More Click Here
- Oculus co-founder Palmer Luckey hangs up his headset at Facebook: Oculus VR Founder, Palmer Luckey, is leaving Facebook, almost three years to the day since the social network paid $2.00bn to acquire the virtual reality pioneer. To Read More Click Here
- Tencent expands WeChat’s ecommerce platform in Europe: WeChat, China’s most popular social media platform, is planning to expand its e-commerce and payment services for brands in Europe with its first operations in the UK. To Read More Click Here
- Mediclinic: Slid 3.0% to 759.00p after Netcare, a South African peer, warned of a decline in paid patient days because healthcare schemes have been taking a tougher line on approving admissions. To Read More Click Here
- RPC: Dropped 7.7% to 811.00p even after the packaging maker said in a year-end trading statement that revenue would be significantly ahead of last year. To Read More Click Here
- Dell: Peaking through the cloud: Fourth-quarter results on Thursday, which Dell still provides for holders of the variety of publicly traded bonds and shares, fanned some fears that cash flows will not be up to the job. Operating margins were squeezed from 11.8% in the third quarter to 9.0%. In common with other technology hardware companies, Dell is suffering from higher prices for memory, glass and LCD panels. None of those other companies needs the cash to service such a debt load. Free cash flow was just $270.00mn compared with $830.00mn last year. Dell did manage to retire $7.00nbn of debt but only because it sold $7.00bbn of businesses. The spin-offs completed, it will have to rely on the core to generate cash from now on. To Read More Click Here
- Lloyd’s of London: Last chance saloon bar: To insurance investors, the bugbears Lloyd’s cite are familiar enough: regulation pushes up costs while low interest rates push investment returns downwards. Neither problem is likely to dissipate soon. Lloyd’s must find savings or face commemoration by one of the wall plaques marking where other historic London markets once operated. To Read More Click Here
- Cenovus/Conoco: Filthy lucre: Cenovus is the latest local specialist to exploit the eagerness of energy majors to shed exposure to Canada’s oil It has doubled down on the dirty end of the oil business by buying out partner Conoco from projects for $13.30bn. To Read More Click Here
Corporate Releases Today:
|Full Year Consensus|
|Company Name||Results||Currency||Estimated EPS||Estimated Revenue (Millions)|
|Full Year Consensus|
|Company Name||Results||Currency||Estimated EPS Estimated Revenue (Millions)|
|No major corporate releases today|
|Full Year Consensus|
|Company Name||Results||Currency||Estimated EPS Estimated Revenue (Millions)|
|No major corporate releases today|
|Full Year Consensus|
|Company Name||Results||Currency||Estimated EPS||Estimated Revenue (Millions)|
|Wecast Network Inc||4Q||$||–||–|
|Sorl Auto Parts Inc||4Q||$||0.76||260.21|
|Ever-Glory International Group Inc||4Q||$||–||–|
|Quest Resource Holding Corp||4Q||$||(0.17)||204.54|
|Clean Diesel Technologies Inc||4Q||$||(0.15)||34.03|
|Payment Data Systems Inc||4Q||$||–||–|
|Micronet Enertec Technologies Inc||4Q||$||–||–|
|Medical Transcription Billing Corp||4Q||$||(0.40)||30.80|
Note: All Estimates are for Full Year
South Africa Ex-Dividend Calendar:
|Ex-date||Company Name||Dividend Type||Last Day to Trade||Amount|
|–||Absa Bank Limited||Regular Cash – Preference share||4-Apr-17||R36.44|
|–||African Oxygen Limited||Final||4-Apr-17||R0.56|
|–||Barclays Africa Group Limited||Final||4-Apr-17||R5.70|
|–||Group Five Limited||Interim||4-Apr-17||R0.14|
|–||HomeChoice International Plc||Final||4-Apr-17||R0.87|
|–||Liberty Holdings Limited||Final||4-Apr-17||R4.15|
|–||Metrofile Holdings Limited||Interim||4-Apr-17||R0.13|
|–||Sibanye Gold Limited||Final||4-Apr-17||R0.60|
|–||Tiso Blackstar Group SE||Interim||4-Apr-17||GBP0.002|
|–||Fairvest Property Holdings Limited||Interim||10-Apr-17||R0.08953|
|–||Nedbank Group Limited||Final||10-Apr-17||R6.30|
|–||Sasfin Holdings Limited||Interim||10-Apr-17||R0.80|
-Anchor Capital From the desk 31.03.2017