29 June 2015 Compiled by Chantal Marx, Pritu Makan, Tlamelo Mathakgane, and Edgar Mafoko All eyes will be on the most expensive (in absolute terms) on the, set to release full year results on Monday: Naspers (Full Year Results): In a recent trading statement, management guided for core headline earnings per to increase by between 25% and 30% y/y. Although this was slightly lower than consensus expectations (+30%) it did represent an acceleration on 1H15. The miss was likely a result of recent uneven and unpredictable development spending patterns. Local Earnings Release Calendar (HEPS ZAc) 2015/06/29 NPN Naspers Ltd FY15 Earnings Release 28.563 2015/06/29 ADW African Dawn Capital Ltd FY15 Earnings Release -3 2015/06/29 STA Stratcorp Ltd FY15 Earnings Release -4 2015/06/29 SCP Stellar Capital Partners Ltd 1H15 Earnings Release -- 2015/06/30 NCS Nictus Ltd FY15 Earnings Release 10.465 2015/07/01 AER Amalgamated Electronic Corp Ltd FY15 Earnings Release -19.3 2015/07/01 ILU Indluplace Properties Ltd 1H15 Earnings Release -- 2015/07/03 MNK Montauk Holdings Ltd FY15 Earnings Release -- SSA corporate earnings releases to take note of this week include: Precision Air Services (Full Year Results): The Tanzanian airliner is expected to record another loss. Precision Air has struggled to contain soaring costs attributed mostly to a volatile Tanzanian Shilling and jet fuel prices over the last few years. 7 Up Bottling Co PLC (Full Year Results): The bottling company is one of the largest independent manufacturers and distributors of the Pepsi Co stable of drinks. The company owns nine manufacturing plants and markets their products through over 200 distribution centres. For 1H15, revenue was up 12.8% and net profit up 15.0% y/y. SSA Earnings Release Calendar (HEPS LC) 2015/06/29 OKOMUOIL NL Okomu Oil Palm PLC 1Q15 Earnings Release -- Head Office: 4 Merchant Place, 1 Fredman Drive, Sandton 2196 PO Box 3359, Parklands 2121 fnbsecurities@fnb.co.za www.fnbsecurities.co.za Relationship Manager: +27 11 282 4561 Dealing Desk: +27 11 282 8734 Toll Free Trading: 0800 256 256 Directors: H Mojalefa, P Dreyer, R Jayrajh, W Myers, V Naidoo. Company Secretary: C Low FNB (Pty) Ltd, member of the and an authorised financial services provider. Part of the FirstRand Group.
SSA Earnings Release Calendar (HEPS LC) 2015/06/29 VITAFOAM NL Vitafoam Nigeria PLC 2Q15 Earnings Release -- 2015/06/29 FTNCOCOA NL FTN Cocoa Processors PLC 1Q15 Earnings Release -- 2015/06/29 OMOSAVBN NL Omoluabi Saving and Loans Plc FY15 Earnings Release -- 2015/06/29 NIGROPES NL Nigerian Ropes PLC 1Q15 Earnings Release -- 2015/06/29 PAL TZ Precision Air Services Ltd FY15 Earnings Release -13.99 2015/06/30 7UP NL 7 UP Bottling Co PLC FY15 Earnings Release 10.34 2015/06/30 RAKUNITY NL Rak Unity Petroleum Co PLC FY15 Earnings Release -- 2015/06/30 SOGEGH GN Societe Generale Ghana Ltd 1Q15 Earnings Release -- 2015/07/01 ANINO NL Anino International PLC 1Q15 Earnings Release -- 2015/07/01 STUDPRES NL Studio Press Nigeria PLC 1Q15 Earnings Release -- 2015/07/01 AVONCROW Avon Crowncaps & Containers FY15 Earnings Release -- 2015/07/02 UNITYBNK NL Unity Bank PLC 2Q15 Earnings Release -- Branded food manufacturer ConAgra Foods is set to report growth in profit of ~7% when it releases fourth quarter results on Tuesday. General Mills will also release fourth quarter results this week. The global foods business boasts brands like Haagen-Dazs ice cream, Pillsbury, and Cheerio's. McCormick & Co. Inc. is scheduled to report its fiscal second-quarter results on Wednesday. The company manufactures and distributes spices, seasoning mixes, condiments and other flavourful products to the food industry worldwide. US Summarised Earnings Release Calendar 2015/06/30 CAG US ConAgra Foods Inc 4Q15 Earnings Release 0.59 2015/07/01 GIS US General Mills Inc 4Q15 Earnings Release 0.712 2015/07/01 PAYX US Paychex Inc 4Q15 Earnings Release 0.444 2015/07/01 STZ US Constellation Brands Inc 1Q15 Earnings Release 1.233 2015/07/01 MKC US McCormick & Co Inc/MD 2Q15 Earnings Release 0.683 The only earnings release of any real significance out of the Asia pacific region is Nikkei 225 company UNY Group Holdings(1Q15). The company runs 8500 general merchandise and convenience stores across Japan, China, Malaysia, the Philippines, Vietnam and Indonesia. FNB WeekAHEAD 2
Asia-Pacific Summarised Earnings Release Calendar 2015/07/03 8270 JP UNY Group Holdings Co Ltd 1Q15 Earnings Release -- British online supermarket group Ocado is set to release interim results this week. Investors will be keen to learn more of a potential international expansion. The company plans to partner with retailers or potential retailers outside of the UK. Domestically, the UK food retail market has been challenging but a lucrative tie up with Morrison's to run Morrisons.com has boosted the company s coffers and it is now looking to sell its intellectual property into more countries around the world. Europe Summarised Earnings Release Calendar 2015/06/30 OCDO LN Ocado Group PLC 1H15 Earnings Release 0.013 2015/07/01 GNK LN Greene King PLC FY15 Earnings Release 0.607 2015/07/01 CHR DC Chr Hansen Holding A/S 3Q15 Earnings Release 0.331 Clicks, Illovo, Nampak, Pioneer, and Oceana (amongst others) are trading ex-dividend on Monday and Friday marks the last day to trade in Famous Brands, and Taste Holding (amongst others) to receive their most recently declared dividends. In other corporate actions, Combined Motor Holdings is trading ex- buyback on Monday, and the JD Group scheme is suspended on the same day. SA Dividend Calendar AOVP AFH COMPANY NAME LDT EX PAY TYPE AMOUNT African Overseas Enterprises Preference Share Alexander Forbes Group Holdings 2015/06/26 2015/06/29 2015/07/06 Regular ZAc 6 2015/06/26 2015/06/29 2015/07/06 Final ZAc 12 AEL Allied Electronics Corp 2015/06/26 2015/06/29 2015/07/06 Final ZAc 31 AEN Allied Electronics Corp 2015/06/26 2015/06/29 2015/07/06 Final ZAc 31 BSS BSI Steel 2015/06/26 2015/06/29 2015/07/06 Final ZAc 2 CLS Clicks Group 2015/06/26 2015/06/29 2015/07/06 Interim ZAc 65.50 HUG Huge Group 2015/06/26 2015/06/29 2015/07/06 Final ZAc 4 ILV Illovo Sugar 2015/06/26 2015/06/29 2015/07/06 Share Premium ZAc 53 FNB WeekAHEAD 3
SA Dividend Calendar (continued) COMPANY NAME LDT EX PAY TYPE AMOUNT IVT Invicta Holdings 2015/06/26 2015/06/29 2015/07/06 Regular ZAc 571.27 IVTP Invicta Holdings Preference 2015/06/26 2015/06/29 2015/07/06 Interim ZAc 571.27 MMP Marshall Monteagle PLC 2015/06/26 2015/06/29 2015/07/10 Interim USD 0.018 NVE NVest Financial Holdings 2015/06/26 2015/06/29 2015/07/06 Final ZAc 4 NPK Nampak 2015/06/26 2015/06/29 2015/07/06 Interim ZAc 42 OCE Oceana Group 2015/06/26 2015/06/29 2015/07/06 Interim ZAc 106 PFG Pioneer Foods 2015/06/26 2015/06/29 2015/07/06 Interim ZAc 95 RTOP Rex Trueform Clothing Co 2015/06/26 2015/06/29 2015/07/06 Regular ZAc 6 VLE Value Group 2015/06/26 2015/06/29 2015/07/06 Final ZAc 12 AME African Media Entertainment 2015/07/09 2015/07/10 2015/07/13 Final ZAc 250 CKS Crookes Brothers 2015/07/09 2015/07/10 2015/07/13 Final ZAc 85 FBR Famous Brands 2015/07/09 2015/07/10 2015/07/13 Final ZAc 200 STP Stenprop 2015/07/09 2015/07/10 2015/07/16 Regular ZAc 0.042 TAS Taste Holdings 2015/07/09 2015/07/10 2015/07/13 Final ZAc 6.50 Other SA Corporate Actions COMPANY NAME ACTION EVENT 2015/06/29 ORE Orion Real Estate Pay Date 2015/06/29 FVT Fairvest Property Holdings Pay Date 2015/06/29 CMH Combined Motor Holdings Ex Date Repurchase Offer @ ZAR10.0882 per 2015/06/29 PSV PSV Holdings Limited Ex Date Tender Offer @ ZAR0.15 per 2015/06/29 ELI Ellies Holdings Limited Ex Date 2015/06/29 ELI Ellies Holdings Limited Trading in Rights Commences 2015/06/29 JDG JD Group Limited Suspended Scheme of Arrangement @ ZAR24 per 2015/07/03 DIA Dipula Income Fund Limited "A" Linked Units FNB WeekAHEAD 4
Other SA Corporate Actions (continued) COMPANY NAME ACTION EVENT 2015/07/03 DIB Dipula Income Fund Limited "B" Linked Units 2015/07/03 SAC SA Corporate Real Estate Fund 2015/07/03 CMH Combined Motor Holdings Election Deadline Date 8:00 am 2015/07/03 CMH Combined Motor Holdings Market Deadline Date 13:00 am Repurchase Offer @ ZAR10.0882 per Repurchase Offer @ ZAR10.0882 per 2015/07/03 PSV PSV Holdings Election Deadline Tender Offer @ ZAR0.15 per 2015/07/03 PSV PSV Holdings Market Deadline Tender Offer @ ZAR0.15 per 2015/07/03 ELI Ellies Holdings Market Deadline Date 13:00 am 2015/07/03 ELI Ellies Holdings Election Deadline Date 8:00 am Disclaimer: The valuations, calculations, prices, opinions and all other information (the information ) contained in this document is issued by FNB (Pty) Ltd (Reg no: 1996/011732/07) ( FNB ), a member of the Exchange South Africa ( ) and an authorised financial services provider. Part of the FirstRand Group. Whilst all care has been taken in the provision of the information in this document, this information is provided without liability to us, our affiliates or any officers or employees of ours. The information expressed in this document is done in good faith and is not intended to constitute any form of advice, including but not limited to financial, legal or tax advice. Some of the information may have been provided or sourced from third parties and we do not in any way guarantee its accuracy or correctness. At all times we will endeavour to ensure that information obtained from any third party is accurate and reliable. FNB and its affiliates disclaims and assumes no liability for any loss or damage (direct, indirect or consequential) that may be suffered from using or relying on the information contained herein. Investment in s may cause exposure to certain risks, including market risk, and may therefore not be suitable for all clients. Please contact your relationship manager for a personal financial analysis prior to making any investment decisions. FNB and its affiliates disclaims and assumes no liability for any loss or damage (direct, indirect or consequential) that may be suffered from using or relying on the information contained herein without seeking professional advice. All rights in the FTSE/ Africa Index Series vest in the and in FTSE International Limited ( FTSE ) jointly. FTSE is a trade mark of the London Stock Exchange Group of Companies ( LSE ). is a trade mark of the.