Mid-week snap shot

on . Posted in Investment general

The JSE All Share Index closed 0.40% lower on Tuesday, 19th August, as disappointing annual results from BHP Billiton and Shoprite weighed on investor sentiment.

 Mining production decreased by 5.7% for the year in June as the main contributor to the decline was from Platinum Group Metals.

 Seasonally adjusted production decreased by 1.4% in June 2014 compared with May 2014

 Mineral sales increased by 1.9% year-on-year in May 2014 as the major contributors to the 1.9% increase were coal and Nickel.

 Seasonally adjusted mineral sales at current prices decreased by 4.0% in May 2014 compared with April 2014.

 The headline CPI annual inflation rate in July 2014 was 6.3%. This rate was 0.3 of a percentage point lower than the corresponding annual rate of 6.6% in June 2014.

 Moody’s rating agency downgraded South Africa’s four major banks late on Tuesday, following the downgrade of Capitec bank over the weekend, comparing its business          model to that of African Bank and placed the banks on review for a possible further downgrade.

 The SARB has jumped to the defence of all five banks as the downgrades were premature and stating that South Africa’s banking sector remains healthy and robust.

    BHP Billiton – Results for the year ended 30 June 2014

 Underlying attributable profit increased by 10% to US$13.4 billion.

 Dividend declared of 62 US cents per share, an increase of 4%.

 By further improving productivity and reducing capital and exploration expenditure 32% to US$15.2 billion they delivered a substantial $8.1 billion increase in free cash flow.

 Plans have been made to create an independent global metals and mining company via a demerger. With a simpler portfolio, they are targeting at least another $3.5 billion of productivity-related gains by the end of the 2017 financial year.


Forthcoming dividends

 British American Tobacco – LDT 15th August (Pay Date, 30th September)

o Paying – R7.26

 MTN Group – LDT 22nd August (Pay Date, 1st September)

o Paying – R4.45

 BHB Billiton – LDT 29th August (Pay Date, 23rd September)

o Paying - $0.62

 Naspers Ltd – LDT 12th September (Pay Date, 22nd September)

o Paying – R4.25