05 December 2014 www.privatewealth.sanlam.co.za INDEX PTS % INDEX / COMMODITY PTS % DOW JONES 17900-13 -0.07 JSE ALL SHARE 49393-465 -0.93 S&P 500 2072-2 -0.12 JSE RESOURCES 43380-694 -1.58 NASDAQ COMPOSITE 4769-5 -0.11 JSE FINANCIALS 15328-156 -1.01 FTSE 100 6679-37 -0.55 JSE INDUSTRIALS 61445-524 -0.85 NIKKEI 225 17906 19 0.10 GOLD AT 07H00 1205-4 -0.34 VIX VOLATILITY INDEX 12 0-0.72 PLATINUM AT 07H00 1237 11 0.90 US EQUITIES US stocks fell from record levels, led by energy shares, as Mario Draghi s remarks on European Central Bank stimulus disappointed investors before a report on the American labour market. Chevron Corp. slid 1.3% as energy shares tumbled the most among groups in the Standard & Poor s 500 Index. Microsoft Corp. rose 1.6% as Barnes & Noble Inc. said it will buy back the company s stake in its Nook business. The Standard & Poor s 500 fell 0.1% to 2,071.92. The Dow Jones Industrial Average lost 12.52 points, or less than 0.1%, to 17,900.1. About 6.1 billion shares changed hands, 9.6% below the three-month average. US ECONOMY U.S. retailers posted November same-store sales that exceeded analysts estimates as early discounts prompted consumers to start spending for the holiday season. Jobless claims decreased by 17,000 to 297,000 from 314,000 in the prior period. 1
EUROPEAN AND ASIAN EQUITIES European shares sank on Thursday after the European Central Bank stuck to its line that it will decide early next year whether further measures are needed to boost the euro zone economy, sparking a bout of profit-taking. However, Europe's 'fear gauge', the Euro STOXX 50 Volatility Index, fell 3.6% showing no rise in investor risk aversion despite the market sell-off. Airlines also gained ground with Air France-KLM up 1.6% and Deutsche Lufthansa up 1.1%. Germany s DAX Index slid 1.21% and France s CAC 40 Index dropped 1.55%. The U.K. s FTSE 100 Index lost 0.55%. Asia s regional benchmark index was little changed ahead of a monthly U.S. jobs report. Materials shares led declines, while consumer companies advanced. Currently (06h30 SA Time) the Nikkei 225 is trading 0.06% lower at 17,876, the Hang Seng is 0.73% higher at 24,007 and the Shanghai is 0.63% lower at 2,881. The ASX 200 is trading 0.82% lower at 5,324. CURRENCIES The US dollar headed for a seventh weekly gain, after rising above 120 Yen yesterday for the first time since July 2007. The Dollar gained 0.2% to 120 Yen having risen 1.2% this week. It strengthened to 120.25 yesterday, the highest since July 2007. The US currency was little changed at $1.2380 per Euro after climbing to $1.2280 yesterday, the strongest since August 2012. The Euro gained 0.2% to 148.56 Yen. The Rand is trading at R11.21 to the USD, R13.88 to the Euro and R17.54 to the Pound. COMMODITIES Brent extended losses from a four-year low as Saudi Arabia offered customers in Asia record discounts on its crude, bolstering speculation its defending market share. Futures fell as much as 0.7% in London and are headed for a second weekly decline. State-run Saudi Arabian Oil Co. cut its differential for Arab Light sales to Asia next month to $2 a barrel below a regional benchmark, the lowest in the least 14 years. U.S. oil production expanded to 9.08 million barrels a day through Nov. 28, the fastest rate in weekly records that started in January 1983. Copper gained for the first time in three days on signs that demand will stay robust in the U.S. and China. Nickel reached a nine-week high. Gold is currently trading at $1,203.40, Platinum at $1,233.94 and Brent Crude spot is $69.24. JSE The JSE s All Share Index fell 0.93% to 49,392.59 points in what was an extremely volatile session. Resources stocks such as Anglo American, Kumba Iron Ore and BHP Billiton took the biggest hit. Shoprite was the only bluechip company that made headlines by revealing plans to open a Debonairs Pizza restaurant in Angola in January 2
next year. Africa s largest grocer said it intended to set up Debonairs Pizza outlets alongside its Hungry Lion chicken chain across the continent to exploit further growth opportunities. Shoprite closed 2.47% lower at R155.85. Bell Equipment extended losses, dropping a further 3.24% to R10.45. Naspers dropped 2.38% to R1,475 and private schools group Curro jumped 3.07% to R26.49. JSE TODAY With mixed Asian markets and negative European Futures we expect our market to open lower. QUOTE OF THE DAY A person who feels appreciated will always do more than what is expected. Unknown 3
KEY INDICATORS 04/05 December 2014 LAST PREV CLOSE CHG. CHG. CLOSE PREV YEAR YTD CHG. YTD CHG. PE Mean PE PTS. % % LAST 12 % US $ RATIO LOCAL MTHS DOW JONES 17900 17913-13 -0.07 16577 8.0 8.0 16.0 reference S&P 500 2072 2074-2 -0.12 1848 12.1 12.1 18.3 reference NASDAQ 4769 4774-5 -0.11 4177 14.2 14.2 78.1 reference MSCI WORLD $ 1737 1740-3 -0.18 1661 4.5 4.5 FTSE 100 6679 6717-37 -0.55 6749-1.0-6.4 19.0 reference FRANKFURT DAX 9851 9972-120 -1.21 9552 3.1-7.4 17.3 reference NIKKEI 225 17906 17887 19 0.10 16291 9.9-4.0 reference HANG SENG 24008 23833 175 0.73 23306 3.0 3.0 reference AUSTRALIA ALL ORDINARIES 5311 5345-34 -0.64 5353-0.8-6.6 20.0 JSE ALL SHARE 49393 49857-465 -0.93 46256 6.8 0.2 16.8 17.7 JSE RESOURCES 20 43380 44074-694 -1.58 51006-15.0-20.2 11.0 15.0 JSE FINANCIALS 15 15328 15485-156 -1.01 12745 20.3 12.8 14.7 14.5 JSE INDUSTRIALS 25 61445 61968-524 -0.85 54482 12.8 5.8 22.4 22.2 GOLD PRICE $/OZ 1 205 1 209-4.12-0.34 1205.65 0.0 PLATINUM PRICE $/PZ 1 237 1 226 11.05 0.90 1369.45-9.7 BRENT CRUDE OIL $/BARREL 68.70 69.01-0.310-0.45 110.82-38.0 RAND/$ 11.21 11.18 0.031 0.28 10.521-6.6 RAND/ 17.54 17.55-0.009-0.05 17.367-1.0 RAND/ 13.88 13.84 0.043 0.31 14.512 4.3 $/ 1.24 1.24 0.000 0.02 1.379 10.2 4
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 22468 23105-2.8% -1.9% LIFE HEALTHC GRP HLDGS L 4160 4148 0.3% -0.6% ANGLO AMERICAN PLAT LTD 34550 34793-0.7% -12.3% MEDICLINIC INTERNAT LTD 9368 9366 0.0% 23.3% ANGLOGOLD ASHANTI LTD 10070 10158-0.9% -18.1% MONDI LTD 19114 19288-0.9% 6.4% ASPEN PHARMACARE HLDGS L 40000 40100-0.2% 48.9% MONDI PLC 19159 19345-1.0% 5.7% ASSORE LTD 16298 17008-4.2% -52.2% MR PRICE GROUP LTD 22835 23275-1.9% 39.5% BARCLAYS AFRICA (ABSA) 17751 18175-2.3% 34.2% MTN GROUP LTD 21818 22040-1.0% 0.5% BHP BILLITON PLC 26200 26655-1.7% -19.1% NEDCOR 23803 24129-1.4% 13.3% BRITISH AMERICAN TOB PLC 65472 65980-0.8% 16.9% NASPERS LTD -N- 147500 151100-2.4% 34.6% BIDVEST LTD 28655 28850-0.7% 6.8% OLD MUTUAL PLC 3460 3483-0.7% 5.5% CAPITAL&COUNTIES PROP PL 6491 6599-1.6% 14.9% REINET INV SOC ANON 2545 2542 0.1% 26.1% COMPAGNIE FIN RICHEMONT 10505 10388 1.1% 0.4% REMGRO LTD 24232 24791-2.3% 16.6% DISCOVERY 11020 11025 0.0% 30.4% RMB HOLDINGS LTD 6097 6252-2.5% 26.1% EXXARO RESOURCES LTD 10660 10660 0.0% -27.2% SABMILLER PLC 59304 59640-0.6% 11.3% FIRSTRAND 4830 4915-1.7% 34.6% STANDARD 13845 13850 0.0% 7.0% GROWTHPOINT PROP LTD 2667 2709-1.6% 9.8% STEINHOFF INT HLDGS LTD 5900 5950-0.8% 30.7% IMPALA PLATINUM HLGS LTD 7900 7900 0.0% -35.8% SHOPRITE HOLDINGS LTD 15585 15980-2.5% -5.0% INVESTEC LTD 9995 10203-2.0% 34.2% SANLAM 6740 6782-0.6% 26.6% INVESTEC PLC 9985 10226-2.4% 32.1% SASOL LIMITED 43350 43551-0.5% -15.7% IMPERIAL HOLDINGS LTD 19438 19386 0.3% -4.1% TIGER BRANDS LTD 36383 36785-1.1% 36.3% INTU PROPERTIES PLC 6124 6190-1.1% 12.3% VODACOM GROUP LTD 13200 13330-1.0% -0.8% KUMBA IRON ORE LTD 25347 25847-1.9% -42.8% WOOLWORTHS HOLDINGS LTD 7790 7901-1.4% 4.4% 5
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 2572 2610-1.5% -31.0% MURRAY & ROBERTS HLDGS 1990 1997-0.4% -25.8% AVENG GROUP LIMITED 1658 1651 0.4% -37.3% NEW EUROPE PROP INV PLC 10900 11000-0.9% 34.6% ALLIED ELECTRONICS CORP 1705 1749-2.5% -28.2% NORTHAM PLATINUM LTD 3411 3393 0.5% -18.8% ALLIED ELEC CORP N 1725 1743-1.0% -28.2% NAMPAK LTD 4100 4158-1.4% 0.0% AECI LIMITED 13280 13286 0.0% 6.2% NETCARE LIMITED 3668 3690-0.6% 41.0% ALEXANDER FORBES GRP HLD 982 983-0.1% 16.8% OCEANA GROUP LTD 9999 9925 0.7% 21.9% ADCOCK INGRAM HLDGS LTD 5124 5193-1.3% -27.7% OMNIA HOLDINGS LTD 18110 18090 0.1% -10.3% AFRICAN RAINBOW MIN LTD 12360 12560-1.6% -34.6% PIONEER FOODS GROUP LTD 14250 14095 1.1% 55.2% ATTACQ LIMITED 2245 2260-0.7% 26.1% PIK N PAY STORES LTD 5180 5315-2.5% -0.4% AVI LTD 7457 7520-0.8% 30.0% PPC LIMITED 2528 2512 0.6% -19.5% BRAIT SE 7361 7410-0.7% 40.4% PSG GROUP LTD 11700 11761-0.5% 36.5% BARLOWORLD LTD 10074 10000 0.7% 0.7% ROYAL BAFOKENG PLATINUM 5398 5400 0.0% -8.5% CLICKS GROUP LTD 7567 7700-1.7% 20.5% RCL FOODS LIMITED 1730 1722 0.5% -1.1% CORONATION 10919 10907 0.1% 36.6% REDEFINE PROPERTIES LTD 1016 1021-0.5% 4.3% CAPITAL PROPERTY FUND LT 1279 1270 0.7% 17.7% RESILIENT PROP INC FUND 8624 8876-2.8% 55.4% CAPITEC/PSG 30306 30268 0.1% 45.5% REUNERT LTD 6060 6025 0.6% -11.5% DATATEC LTD 5414 5450-0.7% 4.5% RAND MERCHANT INS HLDGS 4109 4085 0.6% 49.7% EOH HOLDINGS LTD 11374 11484-1.0% 41.3% REDEFINE INTERNATIONAL P 908 896 1.3% -11.3% FORTRESS INC FUND LTD A 1620 1630-0.6% 10.2% SAPPI LTD 3919 4000-2.0% 19.7% FOUNTAINHEAD PROP TRUST 803 814-1.4% 8.5% SIBANYE GOLD LIMITED 2055 2022 1.6% 67.1% GOLD FIELDS LTD 4887 4900-0.3% 48.6% SANTAM 21620 21090 2.5% 16.1% GRINDROD LTD 2278 2250 1.2% -18.7% THE SPAR GROUP LTD 14944 14975-0.2% 13.6% HARMONY GM CO LTD 1969 1940 1.5% -24.0% SUN INTERNATIONAL LTD 12435 12500-0.5% 30.5% HOSKEN CONS INV LTD 15700 15799-0.6% 12.1% THE FOSCHINI GROUP LIMIT 14284 14410-0.9% 49.2% HYPROP INV LTD 9515 9601-0.9% 24.4% TELKOM SA SOC LTD 7000 6747 3.7% 150.0% ILLOVO SUGAR LTD 2510 2590-3.1% -9.9% TONGAAT HULETT LTD 15390 15964-3.6% 35.4% KAP INDUSTRIAL HLDGS LTD 442 438 0.9% 28.1% TRENCOR LTD 6700 6850-2.2% -2.9% LIBERTY 12785 12785 0.0% 5.1% TRUWORTHS INT LTD 7690 7900-2.7% 0.2% LONMIN PLC 3150 3098 1.7% -40.9% TSOGO SUN HOLDINGS LTD 2835 2875-1.4% 6.6% MMI HOLDINGS 3078 3075 0.1% 21.7% WILSON BAYLY HLM-OVC LTD 11850 11950-0.8% -18.8% MASSMART HOLDINGS LTD 14101 14249-1.0% 8.5% 6
SMALL CAP INDEX - DAY'S MOVES (AND YEAR TO DATE) SHARE LAST PREV. CH. YTD CH. SHARE LAST PREV. CH. YTD CH. ACUCAP PROPERTIES LTD 5040 5070-0.6% 15.6% HUDACO INDUSTRIES LTD 9563 9530 0.3% -8.9% ADVTECH LTD 920 933-1.4% 40.0% HOSPITALITY PROP FUND A 1699 1700-0.1% 2.8% ADCORP HOLDINGS LIMITED 3410 3340 2.1% 4.9% HOSPITALITY PROP FUND B 190 195-2.6% -63.8% AFRIMAT LIMITED 1690 1680 0.6% 35.2% HOLDSPORT LIMITED 4605 4682-1.6% 1.8% AFRICAN OXYGEN LIMITED 1660 1700-2.4% -24.5% HOWDEN AFRICA HLDGS LTD 4000 4020-0.5% -11.1% ASCENSION PROP LTD A 525 535-1.9% 18.0% INVESTEC PROPERTY FUND L 1620 1632-0.7% 12.5% ASCENSION PROP LTD B 230 240-4.2% -8.0% INVICTA HOLDINGS LTD 10139 9900 2.4% -18.1% AQUARIUS PLATINUM LTD 267 270-1.1% -31.0% JSE LTD 11301 11065 2.1% 25.9% ASTRAL FOODS LTD 17290 17207 0.5% 66.3% PSG KONSULT LIMITED 720 685 5.1% -8.9% ASCENDIS HEALTH LTD 1565 1560 0.3% 44.2% LEWIS GROUP LTD 8225 8017 2.6% 16.0% ARROWHEAD PROPERTIES A 891 899-0.9% 28.9% METROFILE 475 475 0.0% 1.5% ARROWHEAD PROPERTIES B 881 897-1.8% 28.8% MPACT LIMITED 3521 3550-0.8% 30.9% BUSINESS CONNEXION GRP L 630 630 0.0% 14.8% METAIR INVESTMENTS LTD 3355 3365-0.3% -15.3% BELL EQUIPMENT LTD 1045 1080-3.2% -47.8% NIVEUS INVESTMENTS LTD 3390 3399-0.3% 69.5% BLUE LABEL TELECOMS LTD 905 938-3.5% 6.5% NET 1 UEPS TECH INC 13100 13021 0.6% 46.8% BRIMSTONE INV CORP LTD-N 1550 1550 0.0% 10.7% OCTODEC INVEST LTD 2335 2343-0.3% 21.0% CONS INFRASTRUCTURE GRP 2970 2995-0.8% 30.3% PAN AFRICAN RESOURCE PLC 210 204 2.9% -6.3% CITY LODGE HOTELS LTD 12500 12350 1.2% -10.5% PALLINGHURST RES LTD 418 420-0.5% 45.1% CLIENTELE LTD 1825 1849-1.3% 34.7% PEREGRINE HOLDINGS LIMIT 2387 2426-1.6% 43.6% CLOVER INDUSTRIES LTD 1929 1950-1.1% 6.0% PINNACLE HLDGS LTD 1140 1130 0.9% -50.8% CURRO HOLDINGS LIMITED 2649 2570 3.1% -4.7% QUANTUM FOODS HLDGS LTD 325 315 3.2% -44.6% CASHBUILD LTD 17015 16975 0.2% 9.8% RAUBEX GROUP LTD 2165 2165 0.0% -0.5% CAPEVIN HOLDINGS LTD 880 894-1.6% 5.4% REBOSIS PROPERTY FUND LT 1255 1251 0.3% 4.8% DELTA PROPERTY FUND LTD 860 840 2.4% -0.6% SA CORP REAL ESTATE FUND 465 475-2.1% 16.5% ELLIES 113 114-0.9% -79.7% SUPER GROUP LTD 3442 3438 0.1% 31.6% EMIRA PROPERTY FUND 1689 1710-1.2% 18.1% STEFANUTI STCK HLDGS LTD 670 618 8.4% -35.6% EQSTRA HOLDINGS LTD 373 400-6.8% -53.4% SPUR CORPORATION LTD 3070 3145-2.4% 2.4% FAMOUS BRANDS LTD 10600 10305 2.9% 10.7% TRANSACTION CAPITAL 820 810 1.2% 48.3% FINBOND GROUP LTD 320 314 1.9% 6.7% TIMES MEDIA GROUP LTD 1950 1905 2.4% -7.1% GRAND PARADE INV LTD 707 719-1.7% 49.2% VUKILE PROPERTY FUND LTD 1821 1810 0.6% 7.8% GROUP FIVE LTD 2762 2834-2.5% -31.9% ZEDER INV LTD 695 700-0.7% 61.6% 7
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 941 7600 7399 505 8690 8375 79550 Approximate days of dividend accrued 105 182 182 182 98 112 91 Approximate dividend accrued c 22 384 375 7 193 214 1614 Calculated ex-dividend price 919 7216 7024 497 8497 8161 77936 Yield on calculated ex-dividend price 8.39 10.68 10.70 3.02 8.47 8.56 8.31 Yield as % of prime 90.69 115.49 115.70 91.53 92.59 89.82 Last dividend amount c 36.86 360.15 329.16 107.50 317.59 341.11 3197.47 LDT 22-Aug-14 6-Jun-14 6-Jun-14 6-Jun-14 29-Aug-14 15-Aug-14 5-Sep-14 Payment date 1-Sep-14 24-Jun-14 24-Jun-14 24-Jun-14 8-Sep-14 25-Aug-14 15-Sep-14 Approx. next LDT date 13-Mar-15 29-Nov-14 29-Nov-14 29-Nov-14 28-Mar-15 14-Feb-15 28-Mar-15 Approx. next payment date 24-Mar-15 17-Dec-14 17-Dec-14 17-Dec-14 7-Apr-15 24-Feb-15 7-Apr-15 ** UK Base rate 8
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 7330 8350 8334 7300 8510 8750 7700 5870 Approximate days of dividend accrued 78 84 84 70 49 84 42 49 Approximate dividend accrued c 170 177 177 152 103 189 89 110 Calculated ex-dividend price 7160 8173 8157 7148 8407 8561 7611 5760 Yield on calculated ex-dividend price 11.09 9.43 9.45 11.11 9.17 9.60 10.13 14.28 Yield as % of prime 119.87 101.96 102.17 120.08 99.13 103.83 109.48 154.33 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 9
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 10400 9900 9650 Approximate days of dividend accrued 84 176 168 Approximate dividend accrued c 219 464 452 Calculated ex-dividend price 10181 9436 9198 Yield on calculated ex-dividend price 9.36 10.19 10.67 Yield as % of prime 101.17 110.21 115.32 Last dividend amount c 442.19 449.34 533.72 LDT 12-Sep-14 12-Jun-14 20-Jun-14 Payment date 22-Sep-14 23-Jun-14 30-Jun-14 Approx. next LDT date 7-Mar-15 22-Nov-14 22-Nov-14 Approx. next payment date 17-Mar-15 2-Dec-14 2-Dec-14 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. 10