Blog

British American Tobacco

We wrote about British American Tobacco in the US but on the local exchange the British American Tobacco graph caught our attention. This company’s biggest threat is still the sale of illegal cigarettes. It results in a loss of between $40-50 billion in taxes globally.  The company of illegal cigarettes makes it the third largest tobacco company in the world. About 8 million adults in SA smoke 27 billion cigarettes a year. The latest stats show that the Western Cape…

Read More

Remgro

Remgro is an investment holding company, with a diverse investment portfolio in more than 30 companies. They have a 44.6% interest in Medi-Clinic, a 28.2% interest in RMB Holdings, 25.8% in Unilever, 50% in Air Products and 32.3% in eMedia just to mention a few. Their latest interim results for the period ending December 2017 reported a 10.4% decline in headline earnings and their intrinsic net asset value was reported as R265-84. The falling wedge (possibly positive) wants to break…

Read More

FirstRand

FirstRand is the biggest bank in South Africa according to their market capitalization of R413m. They have more than 44 000 employees. Their biggest shareholder is Rand Merchant Bank (34%), the PIC (9.2%) and their employees own 5% of the company through an empowerment share scheme. In November last year they announced the R20bn takeover of Aldermore group in the UK. Their interim results for the six months ending December 2017 reported a 9% rise in dividend per share and…

Read More

Coca Cola

Coca cola needs no introduction to anybody who has ever been thirsty. They are listed on the New York Stock exchange. Coca cola was first marked as a nerve tonic that relieves exhaustion. The first Coca-Cola products contained cocaine, about 9 milligrams per glass. It was removed from the drink in 1903. Only two countries in the world don’t sell Coca-Cola: North Korea and Cuba.  They reported a $7.5bn operating income in 2017. The share started consolidating after the ugly…

Read More

Lonmin

Lonmin is a British producer of platinum group metals operating in the Bushveld. Thy are listed in London and in South Africa. On Tuesday the CMA (British Competition and Markets Authority) said they would examine whether a takeover by Sibanye-Stillwater would lessen the competition. If this takeover deal of R4bn continues Sibanye-Stillwater would be the second largest platinum producer in the world. Lonmin needs R1bn per month to run their business. Yesterday the Reserve Bank gave their approval for the…

Read More

Kaap-Agri

Kaap Agri had its origins when a few farmers in the Swartland decided to jointly buy guano (bird manure) to use as fertilizer. They currently have more than 200 operating points that stretch over 95 towns. 5% of Kaap Agri shares have been issued to the Kaap Agri Employee and Farmworker Trust. The income beneficiaries are farm workers and employees, their families, and local communities. The Kaap Agri Academy in Porterville was established in 2008. It started off with a…

Read More

Resilient

The property group Resilient has not only faced accusations of market manipulation but also has been a focus of criminal investigation. They were accused of inflating their income and net asset value. On the 10th of April the update on the independent review (Mr Fakie). According to his independent review there was no evidence of executive misconduct or any breaches. There was also no evidence of market manipulation or insider trading A possible inverse head and shoulder formation (positive) is…

Read More

Transhex

Transhex is a diamond mining company. Trans Hex Diamond Cutting Works is a black-empowered cutting and polishing factory of which they have a 75% interest in. According to their interim 2017 results the net asset value per share is R1-42. The group’s net loss amounted to R199m while for the same period in 2016 they reported a profit of R32,5 million.  On the 29th of March they made a cautionary announcement, warning shareholders that they are in negotiations that might…

Read More

Sygnia World ETF

Many investors want exposure to foreign shares, but do not want to send physical money abroad, and want to invest in Rand terms. Then the Sygnia World Index Fund is an option. The Sygnia ITRIX MSCI World Index ETF (Exchange-traded Fund) can be purchased on any equity (equity) account. The Sygnia ITRIX MSCI World Index ETF (exchange traded fund) can be bought on any equity (share) account. The United states constitutes 57.1% of this index, followed by Japan 9.1%, United…

Read More

Royal Bafokeng Mine

Royal Bafokeng Holdings (RBH) is an African community investment company which, together with its sole shareholder, the Royal Bafokeng Nation Development Trust (RBNDT), is entrusted with the unique responsibility of preserving and growing the financial capital of the Royal Bafokeng Nation (RBN) and ensuring its long-term future. RBH manages a portfolio with a net asset value of approximately R32 billion (as at December 2017) consisting of listed and unlisted assets in a diverse range of sectors, including infrastructure, property, financial services,…

Read More