29 January 2015 www.privatewealth.sanlam.co.za INDEX PTS % INDEX / COMMODITY PTS % DOW JONES 17191-196 -1.13 JSE ALL SHARE 51201 489 0.97 S&P 500 2002-27 -1.35 JSE RESOURCES 41493 204 0.50 NASDAQ COMPOSITE 4638-44 -0.93 JSE FINANCIALS 16355 225 1.39 FTSE 100 6826 14 0.21 JSE INDUSTRIALS 64431 729 1.14 NIKKEI 225 17732-64 -0.36 GOLD AT 07H00 1284-8 -0.60 VIX VOLATILITY INDEX 20 3 18.70 PLATINUM AT 07H00 1254-10 -0.79 US EQUITIES The markets in the US started in the green on the back of good earnings results in the early morning session. As the day progressed the scene changed for the worst with the S&P 500 erasing a gain of 0.6 percent after data showed U.S. crude supplies rose to a three-decade high which sent West Texas Intermediate crude below $45 a barrel, the S&P fell 1.35 percent to close at 2,002.16. Denbury Resources Inc. and Nabors Industries Ltd. plunged more than 8 percent, with energy shares accounting for the five biggest drops in the S&P 500. The Dow Jones fell 1.13 percent to close on 17,191.37, the Nasdaq composite could not escape the sell off and went down 0.93 percent to end on 4,638. Chevron was the biggest loser on the Dow falling 4.2 percent, followed by Microsoft, off the back of a huge slump the previous day, from a trading statement that missed forecasts. The Tech giant fell a further 3.4 percent. Apple jumped 7.3 percent after reporting a 30 percent advance in quarterly revenue and a 38 percent surge in net income to a record $18 billion. Boeing climbed 5.4 percent after posting profit that beat analysts estimates. Yahoo! Inc. advanced 0.9 percent after announcing a spinoff of its stake in Alibaba Group Holding Ltd. AT&T Inc., the second-largest U.S. wireless carrier, climbed 0.4 percent after topping profit and sales estimates. 1
US ECONOMY The US is in full swing with its earnings season, over seventy percent of companies which have reported thus far have beat expectations. The Federal Open Market Committee stuck to its vow to be "patient" on hiking interest rates and raised its view of the economy and labor market, even as the central bank anticipates a further decline in inflation. EUROPEAN AND ASIAN EQUITIES Athens' ATG share index was down 9.2 percent and the Greek banking index skidded 27 percent, hitting a record low, as investors feared the new government's anti-austerity stance would make negotiations with the euro zone on a new aid deal difficult and jeopardise liquidity, traders said. The ATG has now lost 15.4 percent since the start of the week while the banking index has plummeted 98.7 percent since late 2009, before Europe's sovereign debt crisis started. U.K. stocks rose for the ninth day in ten, with the FTSE 100 Index heading for its biggest monthly gain in almost a year. The FTSE 100 advanced 14.33 points, or 0.2 percent, to 6,825.94 at the close of trading in London, Anglo American Plc rose 2.3 percent after reporting better-than-forecast annual output figures. The Stoxx Europe 600 Index added 0.1 percent to 369.08 at the close of trading, having swung between gains and losses more than 10 times. The more concentrated Euro Stoxx 50 fell 0.40 percent to 3,358.96. The CAC 40 was down 0.27 percent and the DAX closed 0.78 percent in the green Swiss UBS consumption indicator for December was a better reading than last month with 1.42 vs 1.29 the previous month, German GfK consumer sentiment for February came in above estimates at 9.3 vs 9.1 expected and 9.0 previously. German Import prices yoy for December decreased 3.7% vs negative 3.5% expected where the previous reading was negative 2.1 percent. French consumer confidence remained steady for January at 90 vs 91 expected and 90 previously. Asian indices are mixed, Japan s Nikkei is up 0.15 percent, Tokyo s TOPIX closed 0.25 percent in the green, Hong Kong s Hang Seng was also up 0.22 percent. The biggest movement on the day came from China s Shanghai Index where the index fell 1.41 percent, financials were among the hardest-hit, following reports from state media Xinhua that the mainland's stock regulator will inspect the stock margin trading business of 46 companies. This morning Asian markets are in the red following the US, the Shanghai is down 2 percent and the Hang Seng has fallen 1.27 percent. The Australian ASX 200 is the only market in the green but only just, up 0.12 percent, BHP Billiton is down 0.52 percent and in Asia Tencent is in the red having shed 1.4 percent today. 2
CURRENCIES The Bloomberg Dollar Spot Index climbed 0.4 percent. The US dollar strengthened against its trading partners, it was trading at 117.5 Yen to the dollar, 1.1286 dollars to the Euro, 1.5136 dollars to the sterling. The Rand weakened against the strong dollar and was at 11.58, it weakened against the Euro and traded at 13.06 and was 17.56 to the sterling. COMMODITIES West Texas Intermediate crude fell 3.8 percent to 44.47 dollars a barrel, Brent fell 2 percent and trades at 48.6 dollars a barrel. Precious metals also slid, Gold lost 0.5 percent the spot price is at 1286.64 dollars a fine ounce, Platinum fell 0.58 percent and trades at 1256.63 dollars a fine ounce. Copper remained unchanged at 246.25 dollars a pound. This year Copper has fallen 14.37 percent already, gold is up 8.67 percent, platinum is up 4.36 percent, Aluminium is only up 1.26 percent year to date. JSE Companies on the JSE that enjoyed the lion s share of the gains which took the all share to yet another day of consecutive gains were retailers Clicks, Foschini and Mr Price with gains of 5.39 percent, 3.78 percent and 3.53 percent respectively. Brewing giant SABMiller had a good day, gaining 4.02 percent to R623.49. Standard Bank gained 2 percent to end on 153.15 rand and Pick and Pay stores increased by 3.40 percent. Some of the construction and transportation companies felt the heat as Grindrod extended its losing streak, it ending the day 0.69 percent in the red at 18.81 rand. Small cap Consolidated infrastructure group slid 4.73 percent and Raubex Group shed 1.67 percent to end the day on 20.65 rand. Glencore s South African coal unit Optimum coal made a statement on Wednesday where it said that the company would consider closing some of its mines in the African nation after export prices fell. The market was satisfied with Kumba Iron ore s production and sales report for the last quarter ending 30 December 2014 released yesterday, production stats were down however sales volumes were up by 23 percent as compared to the last quarter of 2013 and 29 percent better than the last quarter. Others that released trading updates were Anglo American, Anglo American Platinum, The Spur Corporation, Aquarius Platinum, The Clicks group, and Sasol announced that it is formulating a comprehensive plan to conserve cash in response to lower international oil prices. At 5pm the all share was up 0.97 percent to 51,200.57 points and the blue chip top 40 had added 1.06 percent to end on 45,002.4. Banks led the gainers, up 1.91 percent, followed by the gold index adding 1.47 percent. Financials were 1.09 percent higher and industrials added 1.07 percent. Resources firmed 0.5 percent. 3
BONDS U.S. bond prices rallied, with the 30-year yield hitting a record low on Wednesday as investors bet U.S. rate hikes were less likely to start soon after the Federal Reserve said inflation was running below forecasts. The yield on 10- year US Treasury notes lost nine basis points to 1.73 percent. The Swiss 10 year bond is yielding 0.08 percent, German 10 year is at 0.35 percent and the British 10 year is at 1.45 percent. The South African R186 is unchanged at 7.19 percent yield. JSE TODAY With the All share enjoying consecutive days in the green, a strong sell off in the US markets and in Asia, adding to this a retreating oil price, one should expect some consolidation and profit taking, expect a bearish start to the trading day, BHP and Tencent are both negative in Asia. QUOTE OF THE DAY You have to learn the rules of the game. And then you have to play better than anyone else. Albert Einstein 4
KEY INDICATORS 28/29 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 17191 17387-196 -1.13 17823-3.5-3.5 15.5 reference S&P 500 2002 2030-27 -1.35 2059-2.8-2.8 17.6 reference NASDAQ 4638 4681-44 -0.93 4736-2.1-2.1 34.2 reference MSCI WORLD $ 1689 1706-16 -0.96 1710-1.2-1.2 FTSE 100 6826 6812 14 0.21 6566 4.0 1.3 19.5 reference FRANKFURT DAX 10711 10629 82 0.78 9806 9.2 1.7 18.5 reference NIKKEI 225 17732 17796-64 -0.36 17451 1.6 2.8 reference HANG SENG 24569 24862-293 -1.18 23605 4.1 4.2 reference AUSTRALIA ALL ORDINARIES 5536 5517 19 0.35 5389 2.7-0.9 20.9 JSE ALL SHARE 51201 50711 489 0.97 49771 2.9 2.6 17.5 17.5 JSE RESOURCES 20 41493 41289 204 0.50 41930-1.0-1.3 10.5 13.9 JSE FINANCIALS 15 16355 16130 225 1.39 15642 4.6 4.3 15.8 14.6 JSE INDUSTRIALS 25 64431 63702 729 1.14 62353 3.3 3.0 23.3 22.1 GOLD PRICE $/OZ 1 284 1 292-7.75-0.60 1184.86 8.4 PLATINUM PRICE $/PZ 1 254 1 264-10.00-0.79 1208.00 3.8 BRENT CRUDE OIL $/BARREL 48.62 48.47 0.150 0.31 57.33-15.2 RAND/$ 11.58 11.54 0.049 0.43 11.551-0.3 RAND/ 17.54 17.53 0.009 0.05 18.023 2.7 RAND/ 13.06 13.10-0.040-0.30 13.980 6.6 $/ 1.13 1.14-0.008-0.74 1.210 6.9 5
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 19432 19042 2.0% -9.8% MONDI LTD 20561 20550 0.1% 8.9% ANGLO AMERICAN PLAT LTD 36428 35959 1.3% 6.8% MONDI PLC 20600 20579 0.1% 8.7% ANGLOGOLD ASHANTI LTD 13230 12941 2.2% 30.1% MR PRICE GROUP LTD 26758 25845 3.5% 13.9% ASPEN PHARMACARE HLDGS L 43500 43301 0.5% 7.1% MTN GROUP LTD 21158 20751 2.0% -4.4% BARCLAYS AFRICA (ABSA) 19950 19701 1.3% 9.6% NEDCOR 25755 25457 1.2% 3.4% BHP BILLITON PLC 24779 24777 0.0% -0.4% NASPERS LTD -N- 169646 168550 0.7% 12.0% BRITISH AMERICAN TOB PLC 66171 65884 0.4% 4.7% NETCARE LIMITED 3805 3781 0.6% 0.3% BIDVEST LTD 31938 31376 1.8% 5.1% OLD MUTUAL PLC 3640 3577 1.8% 4.9% CAPITAL&COUNTIES PROP PL 6799 6700 1.5% 3.0% REINET INV SOC ANON 2637 2650-0.5% 4.4% COMPAGNIE FIN RICHEMONT 9723 9860-1.4% -7.4% REMGRO LTD 27200 26985 0.8% 7.1% DISCOVERY 11660 11560 0.9% 4.7% RMB HOLDINGS LTD 6562 6452 1.7% 2.0% FIRSTRAND 5243 5128 2.2% 3.7% RAND MERCHANT INS HLDGS 4189 4180 0.2% 2.5% GROWTHPOINT PROP LTD 3000 2999 0.0% 9.1% SABMILLER PLC 62349 59942 4.0% 3.0% IMPALA PLATINUM HLGS LTD 7567 7689-1.6% -0.1% STANDARD 15315 15004 2.1% 6.7% INVESTEC LTD 10000 9815 1.9% 2.6% STEINHOFF INT HLDGS LTD 5945 5970-0.4% 0.1% INVESTEC PLC 9995 9827 1.7% 2.9% SHOPRITE HOLDINGS LTD 18456 18237 1.2% 9.7% IMPERIAL HOLDINGS LTD 20000 19897 0.5% 8.1% SANLAM 6990 6938 0.7% -0.1% INTU PROPERTIES PLC 6446 6390 0.9% 6.7% SASOL LIMITED 41616 41657-0.1% -3.4% KUMBA IRON ORE LTD 22169 21390 3.6% -7.6% TIGER BRANDS LTD 39520 39195 0.8% 7.4% LIFE HEALTHC GRP HLDGS L 4350 4291 1.4% 1.7% VODACOM GROUP LTD 13660 13651 0.1% 6.4% MEDICLINIC INTERNAT LTD 11660 11630 0.3% 15.8% WOOLWORTHS HOLDINGS LTD 8600 8488 1.3% 11.5% 6
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 2460 2405 2.3% -6.9% MASSMART HOLDINGS LTD 17050 17107-0.3% 19.4% ACUCAP PROPERTIES LTD 5700 5697 0.1% 9.9% MURRAY & ROBERTS HLDGS 1960 1979-1.0% -7.8% AECI LIMITED 12613 12750-1.1% -5.7% NEW EUROPE PROP INV PLC 11650 11725-0.6% 2.2% ALEXANDER FORBES GRP HLD 931 945-1.5% -2.0% NORTHAM PLATINUM LTD 3987 3984 0.1% 8.6% ADCOCK INGRAM HLDGS LTD 4270 4275-0.1% -12.9% NAMPAK LTD 4095 4030 1.6% -6.1% AFRICAN RAINBOW MIN LTD 12256 12307-0.4% 3.0% OCEANA GROUP LTD 10900 10900 0.0% 3.9% ASSORE LTD 16799 17700-5.1% 12.3% OMNIA HOLDINGS LTD 17038 17047-0.1% -5.9% ATTACQ LIMITED 2285 2261 1.1% 3.9% PIONEER FOODS GROUP LTD 15688 15888-1.3% 9.7% AVI LTD 8402 8377 0.3% 7.6% PIK N PAY STORES LTD 5810 5619 3.4% 10.4% BRAIT SE 7650 7690-0.5% -2.8% PPC LIMITED 2160 2189-1.3% -21.5% BARLOWORLD LTD 8634 8649-0.2% -9.8% PSG GROUP LTD 13225 13100 1.0% 3.5% CLICKS GROUP LTD 9189 8719 5.4% 13.4% ROYAL BAFOKENG PLATINUM 5488 5506-0.3% 4.1% CORONATION 10325 10511-1.8% -10.3% RCL FOODS LIMITED 1800 1800 0.0% -7.2% CAPITAL PROPERTY FUND LT 1494 1496-0.1% 12.5% REDEFINE PROPERTIES LTD 1150 1151-0.1% 7.5% CAPITEC/PSG 38000 37222 2.1% 11.8% RESILIENT PROP INC FUND 8830 8800 0.3% 5.1% DATATEC LTD 5896 5925-0.5% 5.9% REUNERT LTD 5912 5890 0.4% -2.6% EOH HOLDINGS LTD 11828 11729 0.8% 8.9% REDEFINE INTERNATIONAL P 965 955 1.0% -2.0% EXXARO RESOURCES LTD 10391 10423-0.3% 0.4% SAPPI LTD 4700 4690 0.2% 11.4% FORTRESS INC FUND LTD A 1770 1770 0.0% 8.9% SIBANYE GOLD LIMITED 3163 3124 1.2% 40.3% FORTRESS INC FUND LTD B 2020 2010 0.5% 15.3% SANTAM 23180 22500 3.0% 7.8% FOUNTAINHEAD PROP TRUST 996 978 1.8% 17.9% SUPER GROUP LTD 3348 3265 2.5% -2.1% GOLD FIELDS LTD 6589 6513 1.2% 26.0% THE SPAR GROUP LTD 18220 17990 1.3% 12.9% GRINDROD LTD 1881 1894-0.7% -16.0% SUN INTERNATIONAL LTD 13000 12600 3.2% 0.9% HARMONY GM CO LTD 3445 3440 0.1% 59.4% THE FOSCHINI GROUP LIMIT 17106 16483 3.8% 28.4% HOSKEN CONS INV LTD 15115 15101 0.1% 1.4% TELKOM SA SOC LTD 7000 7000 0.0% 0.0% HYPROP INV LTD 10726 10705 0.2% 10.0% TONGAAT HULETT LTD 16400 16400 0.0% -5.2% ILLOVO SUGAR LTD 2404 2355 2.1% -1.9% TRENCOR LTD 7200 7200 0.0% 2.3% KAP INDUSTRIAL HLDGS LTD 500 500 0.0% 2.0% TRUWORTHS INT LTD 8600 8400 2.4% 11.3% LIBERTY 13100 13015 0.7% 6.8% TSOGO SUN HOLDINGS LTD 2925 2960-1.2% 0.9% LONMIN PLC 2930 2932-0.1% -7.3% WILSON BAYLY HLM-OVC LTD 12133 12156-0.2% 0.5% MMI HOLDINGS 3133 3109 0.8% 4.4% 7
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 530 515 2.9% 1.9% GROUP FIVE LTD 2633 2660-1.0% -9.9% ADVTECH LTD 908 900 0.9% 4.4% HUDACO INDUSTRIES LTD 11350 11200 1.3% 17.1% ADCORP HOLDINGS LIMITED 3345 3360-0.4% 4.2% HULAMIN LTD 815 826-1.3% 0.6% AVENG GROUP LIMITED 1668 1688-1.2% -4.1% HOSPITALITY PROP FUND A 1675 1656 1.1% 20.5% ALLIED ELECTRONICS CORP 1800 1804-0.2% 9.1% HOLDSPORT LIMITED 4999 4900 2.0% 6.1% ALLIED ELEC CORP N 1700 1735-2.0% 1.8% HOWDEN AFRICA HLDGS LTD 4260 4400-3.2% 0.3% AFRIMAT LIMITED 1601 1601 0.0% -5.7% INVESTEC AUSTRALIA PROP 1170 1170 0.0% -1.7% AFRICAN OXYGEN LIMITED 1443 1420 1.6% -10.0% INVESTEC PROPERTY FUND L 1789 1730 3.4% 12.5% ASCENSION PROP LTD A 550 550 0.0% 4.8% INVICTA HOLDINGS LTD 8020 8060-0.5% 7.9% ASCENSION PROP LTD B 270 284-4.9% 9.8% JSE LTD 12020 12258-1.9% -0.7% ACCELERATE PROP FUND LTD 690 691-0.1% -1.4% PSG KONSULT LIMITED 715 710 0.7% -1.0% AQUARIUS PLATINUM LTD 259 262-1.1% -5.1% LEWIS GROUP LTD 8640 8590 0.6% 16.7% ASTRAL FOODS LTD 19604 19549 0.3% 12.1% MIX TELEMATICS LTD 280 270 3.7% -8.2% ASCENDIS HEALTH LTD 1620 1615 0.3% -2.4% MONTAUK HOLDINGS LTD 312 317-1.6% 9.5% ARROWHEAD PROPERTIES A 1001 995 0.6% 7.1% MPACT LIMITED 3560 3381 5.3% -3.1% ARROWHEAD PROPERTIES B 1001 990 1.1% 6.5% MERAFE RESOURCES LTD 93 92 1.1% -1.1% BUSINESS CONNEXION GRP L 619 619 0.0% -3.3% METAIR INVESTMENTS LTD 3280 3225 1.7% 2.7% BLUE LABEL TELECOMS LTD 839 835 0.5% -4.7% NIVEUS INVESTMENTS LTD 2990 2990 0.0% -0.3% BRIMSTONE INV CORP LTD-N 1710 1661 3.0% 3.6% NET 1 UEPS TECH INC 14600 14600 0.0% 8.1% CAXTON CTP PUBLISH PRINT 1520 1530-0.7% 0.7% OCTODEC INVEST LTD 2800 2779 0.8% 19.1% CONS INFRASTRUCTURE GRP 2620 2750-4.7% -9.6% PAN AFRICAN RESOURCE PLC 204 203 0.5% 5.2% CITY LODGE HOTELS LTD 13000 12889 0.9% 8.2% PALLINGHURST RES LTD 400 395 1.3% -4.8% CLIENTELE LTD 1775 1775 0.0% 4.4% PEREGRINE HOLDINGS LIMIT 2368 2310 2.5% 2.1% CLOVER INDUSTRIES LTD 1920 1935-0.8% 2.2% RAUBEX GROUP LTD 2065 2100-1.7% -5.9% CURRO HOLDINGS LIMITED 3280 3284-0.1% 13.1% REBOSIS PROPERTY FUND LT 1275 1260 1.2% 2.8% CASHBUILD LTD 18350 18325 0.1% 11.8% RHODES FOOD GRP HLDG LTD 1700 1700 0.0% 12.4% CAPEVIN HOLDINGS LTD 870 875-0.6% -1.9% SA CORP REAL ESTATE FUND 530 530 0.0% 10.9% DELTA PROPERTY FUND LTD 965 970-0.5% 10.9% SPUR CORPORATION LTD 3685 3585 2.8% 17.8% EMIRA PROPERTY FUND 1949 1908 2.1% 12.5% TRANSACTION CAPITAL 800 800 0.0% 0.6% FAMOUS BRANDS LTD 10870 10920-0.5% -5.8% TIMES MEDIA GROUP LTD 2060 2060 0.0% 3.0% GRAND PARADE INV LTD 650 660-1.5% -6.5% TRUSTCO GROUP HLDGS LTD 255 258-1.2% -5.6% 8
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 951 7900 7200 493 8675 8564 78100 Approximate days of dividend accrued 160 62 62 62 153 167 146 Approximate dividend accrued c 34 131 128 3 302 320 2590 Calculated ex-dividend price 917 7769 7072 491 8373 8244 75510 Yield on calculated ex-dividend price 8.40 9.92 10.63 3.06 8.59 8.48 8.58 Yield as % of prime 90.85 107.26 114.91 92.88 91.65 92.70 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 9
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 7600 8020 8110 7500 8300 7905 8075 5890 Approximate days of dividend accrued 133 139 139 125 104 139 97 104 Approximate dividend accrued c 289 294 294 272 220 313 205 234 Calculated ex-dividend price 7311 7726 7816 7228 8080 7592 7870 5656 Yield on calculated ex-dividend price 10.86 9.98 9.86 10.98 9.54 10.83 9.79 14.54 Yield as % of prime 117.40 107.85 106.61 118.74 103.13 117.09 105.88 157.17 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 10
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 10800 9805 9778 Approximate days of dividend accrued 139 69 69 Approximate dividend accrued c 363 182 185 Calculated ex-dividend price 10437 9623 9593 Yield on calculated ex-dividend price 9.13 10.00 10.23 Yield as % of prime 98.69 108.07 110.59 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. 11