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Trading Update

  • Five market movements - 3 to buy and 2 to sell
  • JSE All Share marginally positive, up 0,7% After several volatile weeks, due to policy uncertainty, some calm appears to have returned to the markets. The JSE All Share Index was up 0,7% last week. Resources were down 3%, while Industrial's up 1,8% and Financials' up 2,5% lifted the markets overall. Brent Crude up 5% Russia indicated it would support a cut in output if adopted by Opec. Ma... ››› more
  • [23 November 2016]
  • Shares in Truworths soar as the retailer reports surging growth in sales
  • Yesterday, Truworths released its business update covering the 18 weeks to 1 November. The company showed a sharp rise in sales over the period compared with the same period last year. Truworths appears to be excelling despite a tough economic climate. Let's take a closer look at what the company revealed… Truworths shares gained 11%   Yesterday, shares in Truworths soared a... ››› more
  • [06 November 2015]
  • Shares in Datatec plummet as a weak rand hits earnings
  • This morning, Datatec released a trading statement regarding the release of its interim results, which are due out on 21 October. The company warned that its earnings for the six months to the end of August will be 25% less than for the same period last year. Datatec's shares plunged on the news. Let's take a closer look at what's causing Datatec's earnings to come under so much pressure... ››› more
  • [30 September 2015]
  • Vodacom posts a drop in revenue as lower tariffs and competition weigh
  • Earlier today, Vodacom Group released its quarterly update to the end of December. The telecoms operator is feeling the pressure of reduced mobile termination rates (MTRs) and increased competition from its rivals. This dented revenue for the quarter. Let's take a closer look at what Vodacom revealed… Vodacom says revenue fell 1.1% over the three-months to the end of 2014 Vodacom ... ››› more
  • [04 February 2015]
  • Shares in Lewis Group rally over 5%, leading South African retailers higher again
  • Earlier today, Lewis Group released a trading update for the nine-months to the end of December. The furniture retailer posted growth in revenue over the period, with strong sales over Christmas. Lewis' performance comes as South African retailers continue to rise in value. This is on the back of consuming benefitting from cuts to the petrol price, increasing disposable income. Let's take a ... ››› more
  • [27 January 2015]
  • Amplats warns of a drop in earnings of up to 55% after lengthy strike action
  • Earlier today, Anglo American Platinum (Amplats) released a trading update for the full-year to the end of December. The platinum producer warned of a sharp tumble in earnings over the period. This follows a five-month strike that hit its operations last year. Let's take a closer look at what Amplats revealed… Amplats says earnings are to fall between 40% and 55% Amplats [JSE:AMS]... ››› more
  • [23 January 2015]
  • Shares in Woolworths rise as the retailer boosts sales a whopping 55%
  • This morning, Woolworths Holdings released its trading update for the six-months to the end of December. The retailer reported a large jump in sales growth for the period. This is mostly thanks to its acquisition of David Jones, an Australian department store, in August last year. Shares rose on the news. Let's take a closer look at what the update revealed… Woolworths’ buyout o... ››› more
  • [15 January 2015]
  • Shares in Amplats tumble over 7% on the back of a warning over earnings
  • Earlier today, Anglo American Platinum (Amplats) released a trading statement covering its full-year to the end of December this year. In the statement, Amplats revealed the company expects earnings for the full-year to drop significantly. This is mostly in part to a five-month strike that hit the platinum producer this year. Let's take a closer look at what Amplats said… Amplats say... ››› more
  • [01 December 2014]
  • Shares in Shoprite soar over 6% on the back of a jump in turnover over the past quarter
  • Earlier today, Shoprite released its operational update for the three months to the end of September. In spite of trading conditions still remaining difficult, the grocer managed to boost turnover significantly over the period. Shares in Shoprite jumped higher on release of the update. Let's take a closer look at what Shoprite revealed and why investors are so happy with the update… ... ››› more
  • [27 October 2014]
  • Shares in Pioneer Foods plunge
  • Earlier today, Pioneer Foods released an update about its results for the full-year to the end of this month. The release contained an earnings update, which came in way below analysts' expectations. Disappointed investors have punished the share lower today. Let's take a closer look at why the market didn't receive Pioneer Foods' update well… The market wasn’t impressed with an... ››› more
  • [04 September 2014]
  • Massmart shares plunge 8.6% as the retailer warns of a sharp fall in earnings
  • Yesterday, Massmart Holdings released a trading statement covering the 26 weeks to 29 June. The retailer said that earnings would be down for the period. Massmart's trading update comes after Shoprite showed earlier in the week that it was struggling to grow profits. Investors were disappointed with Massmart's news, pushing the share down. Let's take a closer look at what Massmart reveale... ››› more
  • [21 August 2014]
  • British American Tobacco's trading update disappoints investors
  • Earlier today, British American Tobacco (BATS) released a management statement for the first three months of the year. Despite the Johannesburg Stock Exchange's largest company showing better sales volumes, the market was disappointed. Let's take a closer look at what BATS revealed… BATS’ sales growth disappoints British American Tobacco (BATS), the largest maker of cigarettes in Europe, ... ››› more
  • [26 May 2014]
  • Despite a 12% slump in production, Harmony reports a profit
  • Earlier today, Harmony Gold released a trading statement covering the three months to the end of March. This is the gold producer's third quarter. Offsetting a fall in production was a better gold price. Let's take a closer look at Harmony revealed in its update… A higher gold price helped Harmony Harmony says it has turned things around and posted “a quarterly profit despite a fall in ... ››› more
  • [06 May 2014]
  • Shares of ABIL tumble nearly 14%
  • Earlier today, African Bank Investments, commonly known as ABIL, released a trading update covering the six months to the end of March. The bank advised that it expects massive losses over the period. Investors dumped the stock on the news, with the share quickly shedding value. Let's take a closer look at what ABIL revealed… ABIL turns earnings into losses ABIL says it expects “a first-ha... ››› more
  • [02 May 2014]
  • MTN struggles to get new subscribers on board
  • Earlier today, MTN released a trading update covering its first quarter. The wireless operator showed its subscriber numbers only edged up slightly over the period. The number of subscribers in South Africa fell in the three months to the end of March. Shares in MTN fell on the news. Let's take a closer look at what MTN revealed… ****************************************************** Ground-b... ››› more
  • [24 April 2014]
  • Anglo American sees production growth in all divisions bar platinum as the strike bites
  • Earlier today, Anglo American released its management statement for its first quarter of the year. The diversified mining group showed production rose in all its divisions, with Anglo American Platinum being the exception. The strike has severely impacted production. Let's take a closer look at what Anglo American revealed… ****************************************************** A proven path ... ››› more
  • [24 April 2014]
  • Sun International's share price drops on poor trading update
  • Earlier today, Sun International released a trading update covering the six months to the end of December. In the profit and dividend update, the gaming company said it saw a large fall in profits over the period. The company is planning job losses while it restructures its business. Let's take a closer look at what Sun International revealed in its trading update… Sun International said that ... ››› more
  • [24 February 2014]
  • The market isn't impressed with Vodacom's figures
  • Yesterday, mobile operator Vodacom released a trading update covering the last three months of last year. In spite of showing strong growth in data usage, it appears investors are concerned with the mobile giant's future outlook. Let's take a closer look at what the trading update revealed… In spite of Vodacom’s trading update containing some good news, shares in the mobile operator “close... ››› more
  • [06 February 2014]
  • African Bank warns of profit plunge
  • Earlier today, African Bank Investments (Abil) released a trading update covering its first quarter to the end of December. The update warned that the lender expects a large fall in profits over the first half of its financial year. The share dropped on the news. Let's take a closer look at what the update revealed… The “largest provider of unsecured loans” in SA, Abil, said that over its ... ››› more
  • [05 February 2014]
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