Archive for November 16th, 2009

We touched on hedge funds last week, and this week we delve deeper into the sometimes murky asset class. Overseas the industry was decimated by redemptions and a credit freeze. locally, not so bad. Where are we now? Elmien Wagenaar from citadel joins us in the… »

Lindsay Williams talks to the CEO of the industrial brands company. Clive Thomson is always affable and optimistic, but even he must be stretched to be upbeat after these books were opened. Or is there hope that the worst is over? Resultscast reveals… »

David Sussman, the chairman, chats to Resultscast. Despite some pretty ordinary numbers, the experienced retailer sounds remarkably… »

Obama’s in China, having had a few warning shots fired across his bows by the newly emboldened top brass at the soon to be Superpower. What’s the President there for? Is it just a currency chat, or is it to keep one of the US’s key benefactors happy? Our resident China expert gives us his… »

South African ICT resource provider Paracon (PCN) on Monday reported an 11% decrease in headline earnings per share and basic earnings per share to 17 cents for the year ended September 30, from 19 cents earlier.
The group reported headline earnings of 56.4 million rand.
Group turnover… »

Johannesburg, Nov 16 (I-Net Bridge) – It seems that local markets are not buying the hype around reports of the ANC and its leftwing allies changing the central bank’s mandate.
A three-day summit by the ANC and its trade union and Communist allies has ended amid reports that they have… »

Lonmin (LON), the world’s third-largest platinum producer, on Monday reported platinum sales of 682,955 ounces for the year to end September 2009.
This was 2% below its Marikana target and 6% lower than last year’s full year sales.
Revenue for the year halved to US$1.1 billion from… »

South African stocks saw a firmer opening on Monday morning on the back of firmer global markets, supported by resource and precious metal counters.
At 09:20 the JSE all share index had gained 1.16%, with resources up 1.99%, platinum producers strengthening 1.91% and gold miners firming 2.60%.
… »

TESTING TIME
Global conditions are again aligning to allow USD/ZAR to test new lows. Equity markets are surging and gold made fresh highs this morning. Most importantly perhaps, Chinese officials have backed off last week’s suggestions of fresh yuan appreciation - putting fresh pressure on the USD - just as President Obama arrives in the country…. »

First Uranium SepQ loss US$0.11 vs $0.01/share (2)
Johannesburg, Nov 16 (I-Net Bridge)   First Uranium Corporation (FUM) on Monday announced that for the three-month period ended September 2009 the company recorded a net loss for the quarter of US$18.4 million or $0.11 per share as compared with a loss of $1.1 million or $0.01 per share… »