06 February 2015 www.privatewealth.sanlam.co.za INDEX PTS % INDEX / COMMODITY PTS % DOW JONES 17885 212 1.20 JSE ALL SHARE 51689 58 0.11 S&P 500 2063 21 1.03 JSE RESOURCES 43866-350 -0.79 NASDAQ COMPOSITE 4765 48 1.03 JSE FINANCIALS 16352-26 -0.16 FTSE 100 6866 6 0.09 JSE INDUSTRIALS 64257 313 0.49 NIKKEI 225 17638 134 0.76 GOLD AT 07H00 1265-4 -0.35 VIX VOLATILITY INDEX 17-1 -8.07 PLATINUM AT 07H00 1254 13 1.01 US EQUITIES The rollercoaster ride in crude oil continued, with prices of the commodity rebounding from yesterday's fall, giving energy stocks a boost to the benefit of the broader U.S. equity markets. Healthcare issues also got a leg up on Dow member Pfizer's announcement that it will acquire Hospira for $17 billion. On the earnings front, upbeat forward sales figures from Yum Brands overshadowed the restaurateur's disappointing earnings results and Under Armour posted better-than-expected quarterly results, but its profit guidance fell short of forecasts. The parent of KFC, Taco Bell and Pizza Hut reported that its China same-store sales, sales at stores open at least a year, fell 16.0% year-over-year, versus the 17.7% drop that analysts had anticipated. The company said while the sales recovery in China continues to be slower than expected, it anticipates a strong second-half of 2015. The Dow Jones Industrial Average rallied 1.2%, the S&P 500 Index rose 1.0% and the Nasdaq Composite closed 1.0% higher. US ECONOMY Treasuries finished lower after weekly initial jobless claims rose at a smaller-than-expected pace, while separate reports showed domestic nonfarm productivity surprisingly declined and the trade deficit widened. 1
EUROPEAN AND ASIAN EQUITIES European markets were lower for most of the day, but got a lift in the afternoon from the rally in oil prices. The Stoxx Europe 600 index ended 0.1% higher for a fourth straight positive close. France s CAC 40 gained 0.2% while the U.K. s FTSE 100 index added 0.1%. Germany s DAX 30 index dropped 0.1%. Asian markets are trading mixed this morning. Hong Kong stocks reversed opening gains and headed lower in early morning trading, after a senior official from the People's Bank of China said the latest reserve-ratio cut by the central bank "is not the start of strong stimulus", according to state media reports in the previous day. The Hang Seng retreated 0.3%, while the Shanghai Composite Index fell 0.9%, looking possibly to extend a three-day losing streak. CURRENCIES Yesterday the local session opened with the rand trading in the high R11.40 s. The ZAR is currently trading at R11.29 to the US dollar, R17.32 versus the GBP and R12.95 against the euro. COMMODITIES Crude oil futures settled with a more than 4% gain to reclaim the $50-a-barrel level yesterday, as better-thanexpected jobless claims data in the U.S. and a higher economic growth forecast for the European Union helped improve the outlook for energy demand. Gold futures ended the day with a modest decline, giving back part of the gain they saw a day earlier and is currently trading at $1,267 an ounce. JSE The JSE All Share index ended the day marginally higher (+0.1%) to close at 51,688.70. Shares in the blue-chip heavyweight Sasol fell 3.9% to R450.54, making it the biggest decliner on the benchmark Top 40 index. On the upside, Lonmin, Anglo American Platinum and Impala platinum rose 7.6%, 4.6% and 3.9%, respectively. On the downside, Standard Bank, Nedbank and Barclays Africa dropped 3.3%, 1.2% and 0.9%, respectively. JSE TODAY We anticipate a positive start to the trading day. QUOTE OF THE DAY A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them. John C. Maxwell 2
KEY INDICATORS 07/08 January 2015 LAST PREV CLOSE CHG. CHG. CLOSE PREV YEAR YTD CHG. YTD CHG. PE Mean PE PTS. % % LAST 12 % US $ RATIO LOCAL MTHS DOW JONES 17885 17673 212 1.20 17823 0.3 0.3 16.1 reference S&P 500 2063 2042 21 1.03 2059 0.2 0.2 18.0 reference NASDAQ 4765 4717 48 1.03 4736 0.6 0.6 33.9 reference MSCI WORLD $ 1727 1715 12 0.72 1710 1.0 1.0 FTSE 100 6866 6860 6 0.09 6566 4.6 2.7 21.6 reference FRANKFURT DAX 10905 10911-6 -0.05 9806 11.2 5.4 18.7 reference NIKKEI 225 17638 17505 134 0.76 17451 1.1 2.3 reference HANG SENG 24697 24765-69 -0.28 23605 4.6 4.7 reference AUSTRALIA ALL ORDINARIES 5777 5765 11 0.19 5389 7.2 1.9 21.9 JSE ALL SHARE 51689 51631 58 0.11 49771 3.9 6.1 16.7 17.6 JSE RESOURCES 20 43866 44216-350 -0.79 41930 4.6 6.9 10.3 14.4 JSE FINANCIALS 15 16352 16378-26 -0.16 15642 4.5 6.8 14.8 14.5 JSE INDUSTRIALS 25 64257 63944 313 0.49 62353 3.1 5.3 22.3 22.2 GOLD PRICE $/OZ 1 265 1 269-4.41-0.35 1184.86 6.7 PLATINUM PRICE $/PZ 1 254 1 242 12.55 1.01 1208.00 3.8 BRENT CRUDE OIL $/BARREL 57.02 54.68 2.340 4.28 57.33-0.5 RAND/$ 11.31 11.28 0.026 0.23 11.551 2.1 RAND/ 17.34 17.28 0.059 0.34 18.023 3.8 RAND/ 12.97 12.92 0.049 0.38 13.980 7.2 $/ 1.15 1.15 0.002 0.17 1.210 5.2 3
ALL SHARE TOP 40 INDEX - DAY'S MOVES (AND YEAR TO DATE) SHARE LAST PREV. CH. YTD CH. SHARE LAST PREV. CH. YTD CH. ANGLO AMERICAN PLC 19966 19798 0.8% -7.3% MONDI LTD 21000 20696 1.5% 11.3% ANGLO AMERICAN PLAT LTD 38800 37090 4.6% 13.7% MONDI PLC 21039 20778 1.3% 11.0% ANGLOGOLD ASHANTI LTD 14375 14370 0.0% 41.3% MR PRICE GROUP LTD 25633 25562 0.3% 9.1% ASPEN PHARMACARE HLDGS L 43079 42578 1.2% 6.1% MTN GROUP LTD 21360 21200 0.8% -3.5% BARCLAYS AFRICA (ABSA) 18560 18733-0.9% 2.0% NEDCOR 25672 25981-1.2% 3.1% BHP BILLITON PLC 26309 26500-0.7% 5.8% NASPERS LTD -N- 169844 167834 1.2% 12.1% BRITISH AMERICAN TOB PLC 63738 64600-1.3% 0.9% NETCARE LIMITED 3950 3880 1.8% 4.1% BIDVEST LTD 31493 31469 0.1% 3.6% OLD MUTUAL PLC 3695 3675 0.5% 6.5% CAPITAL&COUNTIES PROP PL 6836 6752 1.2% 3.6% REINET INV SOC ANON 2605 2591 0.5% 3.1% COMPAGNIE FIN RICHEMONT 9810 9807 0.0% -6.6% REMGRO LTD 27250 26984 1.0% 7.3% DISCOVERY 11704 11548 1.4% 5.1% RMB HOLDINGS LTD 6529 6487 0.6% 1.5% FIRSTRAND 5160 5145 0.3% 2.0% RAND MERCHANT INS HLDGS 4330 4299 0.7% 6.0% GROWTHPOINT PROP LTD 2950 2920 1.0% 7.3% SABMILLER PLC 60952 61032-0.1% 0.7% IMPALA PLATINUM HLGS LTD 8160 7855 3.9% 7.7% STANDARD 15311 15830-3.3% 6.7% INVESTEC LTD 9836 9690 1.5% 0.9% STEINHOFF INT HLDGS LTD 6250 6209 0.7% 5.2% INVESTEC PLC 9845 9710 1.4% 1.3% SHOPRITE HOLDINGS LTD 18185 17700 2.7% 8.1% IMPERIAL HOLDINGS LTD 19840 19949-0.5% 7.2% SANLAM 7300 7279 0.3% 4.3% INTU PROPERTIES PLC 6449 6402 0.7% 6.7% SASOL LIMITED 45054 46901-3.9% 4.5% KUMBA IRON ORE LTD 23399 23200 0.9% -2.5% TIGER BRANDS LTD 39925 39491 1.1% 8.5% LIFE HEALTHC GRP HLDGS L 4230 4272-1.0% -1.1% VODACOM GROUP LTD 13404 13391 0.1% 4.4% MEDICLINIC INTERNAT LTD 11600 11600 0.0% 15.3% WOOLWORTHS HOLDINGS LTD 8344 8250 1.1% 8.2% 4
MID CAP INDEX - DAY'S MOVES (AND YEAR TO DATE) PREV. PREV. SHARE LAST CH. YTD CH. SHARE LAST CH. YTD CH. ARCELORMITTAL SA LIMITED 2630 2649-0.7% -0.4% MASSMART HOLDINGS LTD 16842 16938-0.6% 17.9% ACUCAP PROPERTIES LTD 5590 5551 0.7% 7.8% MURRAY & ROBERTS HLDGS 1903 1961-3.0% -10.5% AECI LIMITED 12595 12510 0.7% -5.9% NEW EUROPE PROP INV PLC 12125 11920 1.7% 6.4% ALEXANDER FORBES GRP HLD 940 949-0.9% -1.1% NORTHAM PLATINUM LTD 4265 4119 3.5% 16.2% ADCOCK INGRAM HLDGS LTD 4331 4350-0.4% -11.6% NAMPAK LTD 4325 4285 0.9% -0.8% AFRICAN RAINBOW MIN LTD 12767 12779-0.1% 7.3% OCEANA GROUP LTD 11275 11275 0.0% 7.5% ASSORE LTD 17717 17469 1.4% 18.4% OMNIA HOLDINGS LTD 17578 17615-0.2% -2.9% ATTACQ LIMITED 2273 2255 0.8% 3.3% PIONEER FOODS GROUP LTD 15200 15450-1.6% 6.3% AVI LTD 8480 8472 0.1% 8.6% PIK N PAY STORES LTD 5706 5596 2.0% 8.4% BRAIT SE 7600 7600 0.0% -3.4% PPC LIMITED 2126 2150-1.1% -22.7% BARLOWORLD LTD 8985 8999-0.2% -6.2% PSG GROUP LTD 14101 14000 0.7% 10.4% CLICKS GROUP LTD 8986 8962 0.3% 10.9% ROYAL BAFOKENG PLATINUM 5671 5475 3.6% 7.6% CORONATION 10224 10370-1.4% -11.2% RCL FOODS LIMITED 1899 1880 1.0% -2.1% CAPITAL PROPERTY FUND LT 1433 1423 0.7% 7.9% REDEFINE PROPERTIES LTD 1142 1140 0.2% 6.7% CAPITEC/PSG 37700 38041-0.9% 10.9% RESILIENT PROP INC FUND 8900 8835 0.7% 6.0% DATATEC LTD 5907 5900 0.1% 6.1% REUNERT LTD 6263 6249 0.2% 3.2% EOH HOLDINGS LTD 12635 12430 1.6% 16.4% REDEFINE INTERNATIONAL P 991 975 1.6% 0.6% EXXARO RESOURCES LTD 10973 10904 0.6% 6.0% SAPPI LTD 5000 4994 0.1% 18.5% FORTRESS INC FUND LTD A 1690 1690 0.0% 4.0% SIBANYE GOLD LIMITED 3114 3159-1.4% 38.1% FORTRESS INC FUND LTD B 2210 2200 0.5% 26.1% SANTAM 23250 22500 3.3% 8.1% FOUNTAINHEAD PROP TRUST 911 914-0.3% 7.8% SUPER GROUP LTD 3460 3425 1.0% 1.2% GOLD FIELDS LTD 6578 6700-1.8% 25.8% THE SPAR GROUP LTD 18400 18125 1.5% 14.0% GRINDROD LTD 1835 1840-0.3% -18.1% SUN INTERNATIONAL LTD 13000 12900 0.8% 0.9% HARMONY GM CO LTD 3368 3449-2.3% 55.9% THE FOSCHINI GROUP LIMIT 17174 17030 0.8% 28.9% HOSKEN CONS INV LTD 14900 14800 0.7% 0.0% TELKOM SA SOC LTD 7500 7375 1.7% 7.1% HYPROP INV LTD 10407 10433-0.2% 6.7% TONGAAT HULETT LTD 16150 16445-1.8% -6.6% ILLOVO SUGAR LTD 2460 2460 0.0% 0.4% TRENCOR LTD 7310 7240 1.0% 3.8% KAP INDUSTRIAL HLDGS LTD 511 512-0.2% 4.3% TRUWORTHS INT LTD 8214 8221-0.1% 6.3% LIBERTY 13255 13210 0.3% 8.0% TSOGO SUN HOLDINGS LTD 2777 2782-0.2% -4.2% LONMIN PLC 3216 2988 7.6% 1.7% WILSON BAYLY HLM-OVC LTD 12100 12250-1.2% 0.2% MMI HOLDINGS 3208 3189 0.6% 6.9% 5
SMALL CAP INDEX - DAY'S MOVES (AND YEAR TO DATE) SHARE LAST PREV. CH. YTD CH. SHARE LAST PREV. CH. YTD CH. AFROCENTRIC INV CORP LTD 550 550 0.0% 5.8% GROUP FIVE LTD 2563 2589-1.0% -12.3% ADVTECH LTD 941 926 1.6% 8.2% HUDACO INDUSTRIES LTD 12400 12230 1.4% 28.0% ADCORP HOLDINGS LIMITED 3195 3186 0.3% -0.5% HULAMIN LTD 913 915-0.2% 12.7% AVENG GROUP LIMITED 1805 1809-0.2% 3.7% HOSPITALITY PROP FUND A 1575 1645-4.3% 13.3% ALLIED ELECTRONICS CORP 1767 1761 0.3% 7.1% HOLDSPORT LIMITED 5000 5000 0.0% 6.2% ALLIED ELEC CORP N 1800 1750 2.9% 7.8% HOWDEN AFRICA HLDGS LTD 4400 4300 2.3% 3.6% AFRIMAT LIMITED 1630 1620 0.6% -4.0% INVESTEC AUSTRALIA PROP 1145 1140 0.4% -3.8% AFRICAN OXYGEN LIMITED 1399 1398 0.1% -12.8% INVESTEC PROPERTY FUND L 1730 1655 4.5% 8.8% ASCENSION PROP LTD A 570 552 3.3% 8.6% INVICTA HOLDINGS LTD 8010 8195-2.3% 7.8% ASCENSION PROP LTD B 269 269 0.0% 9.3% JSE LTD 12247 12000 2.1% 1.2% ACCELERATE PROP FUND LTD 649 640 1.4% -7.3% PSG KONSULT LIMITED 700 700 0.0% -3.0% AQUARIUS PLATINUM LTD 235 238-1.3% -13.9% LEWIS GROUP LTD 8810 8823-0.1% 19.0% ASTRAL FOODS LTD 20107 20090 0.1% 15.0% MIX TELEMATICS LTD 280 275 1.8% -8.2% ASCENDIS HEALTH LTD 1627 1600 1.7% -2.0% MONTAUK HOLDINGS LTD 312 320-2.5% 9.5% ARROWHEAD PROPERTIES A 971 970 0.1% 3.9% MPACT LIMITED 3650 3553 2.7% -0.7% ARROWHEAD PROPERTIES B 970 974-0.4% 3.2% MERAFE RESOURCES LTD 97 97 0.0% 3.2% BUSINESS CONNEXION GRP L 620 610 1.6% -3.1% METAIR INVESTMENTS LTD 3230 3228 0.1% 1.1% BLUE LABEL TELECOMS LTD 830 835-0.6% -5.7% NIVEUS INVESTMENTS LTD 3000 2990 0.3% 0.0% BRIMSTONE INV CORP LTD-N 1710 1710 0.0% 3.6% NET 1 UEPS TECH INC 14398 14600-1.4% 6.7% CAXTON CTP PUBLISH PRINT 1500 1520-1.3% -0.7% OCTODEC INVEST LTD 2650 2630 0.8% 12.8% CONS INFRASTRUCTURE GRP 2836 2740 3.5% -2.2% PAN AFRICAN RESOURCE PLC 209 210-0.5% 7.7% CITY LODGE HOTELS LTD 13176 13200-0.2% 9.7% PALLINGHURST RES LTD 395 400-1.3% -6.0% CLIENTELE LTD 1800 1800 0.0% 5.9% PEREGRINE HOLDINGS LIMIT 2439 2403 1.5% 5.1% CLOVER INDUSTRIES LTD 1970 1950 1.0% 4.9% RAUBEX GROUP LTD 1979 1980-0.1% -9.8% CURRO HOLDINGS LIMITED 3485 3500-0.4% 20.2% REBOSIS PROPERTY FUND LT 1240 1245-0.4% 0.0% CASHBUILD LTD 19750 20300-2.7% 20.3% RHODES FOOD GRP HLDG LTD 1680 1680 0.0% 11.0% CAPEVIN HOLDINGS LTD 910 915-0.5% 2.6% SA CORP REAL ESTATE FUND 510 506 0.8% 6.7% DELTA PROPERTY FUND LTD 910 920-1.1% 4.6% SPUR CORPORATION LTD 3850 3900-1.3% 23.0% EMIRA PROPERTY FUND 1940 1913 1.4% 12.0% TRANSACTION CAPITAL 813 845-3.8% 2.3% FAMOUS BRANDS LTD 11500 11500 0.0% -0.3% TIMES MEDIA GROUP LTD 2006 2006 0.0% 0.3% GRAND PARADE INV LTD 620 622-0.3% -10.8% TRUSTCO GROUP HLDGS LTD 320 330-3.0% 18.5% 6
BANK & OTHER PREFERENCE SHARES INVESTEC INVESTEC INVESTEC STANDARD FIRSTRAND NEDBANK BANK LIMITED PLC ( ) ** BANK BANK ABSA Share code NBKP INLP INPR INPP SBPP FSRP ABSP Issue price c ( * ' p) 1000 10000 10450 1000 10000 10000 100000 Yield on issue price as % of prime 83.33 83.33 77.77 77.77 75.56 70 Prime % ( ** UK Base rate) 9.25 9.25 9.25 0.5 ** 9.25 9.25 9.25 Yield on issue price % 7.71 7.71 7.19 1.50 7.19 6.99 6.48 Annual dividend 77.1 770.8 751.7 15.0 719.4 698.9 6475.0 Current market price c 970 7975 7350 509 8995 8700 79800 Approximate days of dividend accrued 139 41 41 41 132 146 125 Approximate dividend accrued c 29 87 84 2 260 280 2217 Calculated ex-dividend price 941 7888 7266 507 8735 8420 77583 Yield on calculated ex-dividend price 8.19 9.77 10.35 2.96 8.24 8.30 8.35 Yield as % of prime 88.59 105.64 111.86 89.03 89.73 90.23 Last dividend amount c 36.86 380.29 354.92 129.54 317.59 341.11 3197.47 LDT 22-Aug-14 28-Nov-14 28-Nov-14 28-Nov-14 29-Aug-14 15-Aug-14 5-Sep-14 Payment date 1-Sep-14 15-Dec-14 15-Dec-14 15-Dec-14 8-Sep-14 25-Aug-14 15-Sep-14 Approx. next LDT date 13-Mar-15 6-Jun-15 6-Jun-15 6-Jun-15 28-Mar-15 14-Feb-15 28-Mar-15 Approx. next payment date 24-Mar-15 24-Jun-15 24-Jun-15 24-Jun-15 7-Apr-15 24-Feb-15 7-Apr-15 ** UK Base rate 7
BANK & OTHER PREFERENCE SHARES IMPERIAL HOLDINGS PSG CAPITEC SASFIN STEINHOFF GRINDROD NETCARE ASTRAPAK Share code IPLP PGFP CPIP SFNP SHFF GNDP NTCP APKP Issue price c 10300 10000 9500 10300 10000 10000 10000 10000 Yield on issue price as % of prime 83.33 83.33 87.72 83.33 83.33 88.89 83.33 88.89 Prime % 9.25 9.25 9.25 9.25 9.25 9.25 9.25 9.25 Yield on issue price % 7.71 7.71 8.114 7.71 7.71 8.22 7.71 8.22 Annual dividend 793.9 770.8 770.8 793.9 770.8 822.2 770.8 822.2 Current market price c 7701 7607 8300 7499 8250 7856 8001 5890 Approximate days of dividend accrued 112 118 118 104 83 118 76 83 Approximate dividend accrued c 244 249 249 226 175 266 160 187 Calculated ex-dividend price 7457 7358 8051 7273 8075 7590 7841 5703 Yield on calculated ex-dividend price 10.65 10.48 9.57 10.92 9.55 10.83 9.83 14.42 Yield as % of prime 115.09 113.25 103.51 118.02 103.20 117.11 106.28 155.86 Last dividend amount c 366.28 380.64 336.58 364.92 380.00 389.00 349.66 351.12 LDT 18-Sep-14 12-Sep-14 12-Sep-14 26-Sep-14 17-Oct-14 12-Sep-14 24-Oct-14 17-Oct-14 Payment date 29-Sep-14 22-Sep-14 22-Sep-14 6-Oct-14 27-Oct-14 22-Sep-14 3-Nov-14 27-Oct-14 Approx. next LDT date 26-Feb-15 20-Mar-15 20-Mar-15 28-Mar-15 10-Apr-15 13-Mar-15 30-Apr-15 23-Apr-15 Approx. next payment date 20-Mar-15 31-Mar-15 31-Mar-15 7-Apr-15 22-Apr-15 24-Mar-15 12-May-15 5-May-15 8
BANK & OTHER PREFERENCE SHARES DISCOVER Y BRAIT INVICTA Share code DSBP BATP IVTP Issue price c 10300 10000 10400 Yield on issue price as % of prime 100 104 102.00 Prime % 9.25 9.25 9.25 Yield on issue price % 9.25 9.62 9.44 Annual dividend 952.8 962.0 981.2 Current market price c 10700 9850 9600 Approximate days of dividend accrued 118 48 48 Approximate dividend accrued c 308 127 129 Calculated ex-dividend price 10392 9723 9471 Yield on calculated ex-dividend price 9.17 9.89 10.36 Yield as % of prime 99.11 106.96 112.01 Last dividend amount c 442.19 474.7 387.39 LDT 12-Sep-14 21-Nov-14 21-Nov-14 Payment date 22-Sep-14 1-Dec-14 1-Dec-14 Approx. next LDT date 7-Mar-15 12-Jun-15 20-Jun-15 Approx. next payment date 17-Mar-15 23-Jun-15 30-Jun-15 DISCLAIMER This document is not intended to constitute financial advice. You are urged to seek financial advice from a registered financial advisor. Should you not have a financial advisor, we can make one available to you. 9