Archive for March 16th, 2010

There was around a four rand range on Anglo American today; day traders are a dying breed, and brokers are in despair. Things have changed despite the massive recovery. Garth McKenzie from Imara SP Reid looks at the day’s action and the bigger picture of a market that is akin to water… »

Cashbuild is one of the great JSE success stories of the last decade. For the first time over that period it has recorded a FALL in its profits. That on its own is a story, but Pat’s socio-political commentary is perhaps the most revealing of the year so far. In conversation with Lindsay… »

Less than 3 months to go, and the countdown has begun. What of the economy and the JSE listed companies that will benefit? And which ones will suffer? Don’t miss the thoughts of Graeme Korner from BOE Private… »

South African consumer confidence rose further in the first quarter of 2010, the FNB/BER consumer confidence index showed on Tuesday. After reaching a low point of -4 during 4Q 2008, the index increased gradually to a level of +6 at the end of last year, rising a further 9 index points in Q1 2010… »

Johannesburg, March 16 (I-Net Bridge) - Iliad Africa (ILA), which sources, distributes, wholesales and retails general and specialised building materials, witnessed a 69.5% decline in diluted headline earnings per share from 175 cents to 53.4 cents for the year ended December.
Turnover was 3.921 billion rand, 15% below the prior comparative period, reflecting the turbulent business… »

South African-based gold producer AngloGold Ashanti (ANG) is the holder of the world’s largest hedge book after rival Barrick Gold closed out the remainder of its gold fixed price forward sales in the last quarter of last year.
This is despite the strides the gold producer has made in slashing its… »

Johannesburg, Mar 16 (I-Net Bridge)   AltX listed telecoms group Foneworx Holdings (FWX) on Tuesday reported a 6.2% rise in headline earnings per share to 6.96 cents for the six months ended December 2009 from 6.46 cents a year ago.
The company said the results reflect continued positive growth in all key performance indicators despite the recessionary… »

ONE of the few good things about the Great Recession of 2008-09 was a merciful absence of complaints from America’s Congress about China’s currency. The yuan’s gradual appreciation stopped in July 2008, and China has since kept its currency tightly pegged to the dollar. But even as America suffered its worst downturn in the post-war… »

Johannesburg, Mar 16 (I-Net Bridge) - Business solutions technology provider EOH Holdings (EOH) on Tuesday reported a 27% increase in diluted headline earnings per share to 61.1 cents for the six months ended January 2010 from 48.1 cents a year ago.
It is EOH’s practice to consider the declaration of dividends only at… »

Johannesburg, Mar 16 (I-Net Bridge) - Pallinghurst Resources (PGL) on Tuesday
reported headline earnings per share of US$0.20 for the year ended December 2009
after a $0.27 loss a year ago.
  The group posted a net profit for the year of $62.4 million after a loss of
$46.4 million a year ago.
    CEO Arne H. Frandsen commented: “In a year… »