South AfricaPSG Konsult Limited: The financial services company, in its trading statement for FY15, indicated that it expects recurring headline EPS would be between 26.80c and 27.30c, compared with 20.60c posted in the preceding year. Its headline EPS is expected to be between 33.0% and 36.0% higher than reported in the previous year of 20.00c; and attributable EPS to be between 26.70c and 27.30c, compared with 20.40c reported in the last year.Howden Africa Holdings Limited: The industrial equipment supplying company, in its FY14 results, stated that revenue dropped 5.6% from the previous year to R1.59bn. Its headline EPS stood at R4.10, compared with R4.75 recorded in the last year. The company revealed that it would not declare dividend, in the light of the potential BEE ownership transaction.Times Media Group: The media company, in its trading statement for six months ended 31 December 2014, indicated that it expects to announce EPS of 82.00c, a decrease 78.1% from the corresponding period of last year. It anticipates headline EPS of 67.00c, which is 65.8% lower from the same period a year ago.Nampak Limited: The manufacturing company revealed that it would not proceed with the sale of the Sacks division as previously announced and would instead continue to remain part of its operations. Last year, the company announced that it would be disposing of its Corrugated, Sacks and Tissue divisions in South Africa to Ethos Private Equity. As a result, the purchase consideration for the transaction would reduce from R1.58bn to R1.53bn. Meanwhile, the company stated that it has subsequently agreed to sell its Recycling business to Ethos for a purchase consideration of R76.30mn. Additionally; the company indicated that it would be selling its flexible division to Amcor Group for a purchase consideration of between R250.00mn and R300.00mn, dependent on the profitability of the business during the twelve months ending June 2016.
Illovo Sugar Limited: The sugar producing company announced the appointment of Mr. Trevor Munday as Chairman in place of Mr Don MacLeod, with effect from the close of the FY15 AGM.
Investec Australia Property Fund: The company announced that it has entered into a contract for sale with the Trust company to acquire the property located at 21 – 23 Solent Circuit, Baulkham Hills NSW 2153 for AUD38.92mn.
UK and US
Paychex Inc.: The human resources related services company, in its 3Q15 results, indicated that total revenue increased 8.3% from the same period of preceding year to $704.30mn. Its diluted EPS stood at $0.46, compared with $0.44 recorded in the corresponding period of previous year. For FY15, the company expects its net income to grow in the range of 6.0% to 8.0% from FY14.
Red Hat: The software company, in its FY15 results, stated that its total subscription, training and services revenue climbed 16.6% from the previous year to $1.79bn. Its diluted net EPS was $0.95, compared with $0.93 posted in the prior year. Furthermore, the company announced that it has authorised the repurchase of up to $500.00mn of its common stock from time to time on the open market or in privately negotiated transactions. The company also stated that it was honored by Google for Work as the 2014 Global Partner of the Year: Technology.
PVH Corporation: The clothing company, in its FY15 results, revealed that total revenue was up 0.7% to $8.24bn, compare with the prior year. Its diluted net EPS rose to $5.27 from $1.74 recorded in the previous year. The company projected its EPS for FY16 to be in the range of $6.75 to $6.90 on a non-GAAP basis, which reflects the expected $1.30 negative impact related to foreign currency exchange rates and pressures on the company’s Russia businesses.
Verint Systems: The software company, in its FY15 results, indicated that total revenue increased to $1.13bn from $0.91bn recorded in the last year. However, its diluted net EPS decreased to $0.52 from $0.99 posted in the preceding year. For FY16, the company expects revenue in the range of $1.20bn to $1.25bn.
Apollo Education Group: The company, in its 2Q15 results, stated that net revenue dropped 14.0% from the corresponding period of previous year to $578.57mn. It incurred a net diluted loss from its continuing operations of $0.31/share, compared with EPS of $0.15 posted in the same period a year ago. For FY15, the company expects net revenue of $2.63bn to $2.68bn.
Ultragenyx Pharmaceutical: The biopharmaceutical company, in its FY14 results, revealed that its research and development expenses increased to $45.97mn from $27.83mn recorded in the previous year. Its basic and diluted net loss totaled to $2.25/share, compared with a loss of $14.87/share posted in the prior year. The company stated that it is now in or entering Phase 3 for two of its six clinical programmes, and it expects to see Phase 2 data for all four of the others in FY15 or early FY16.
Five Below: The discount store company, in its FY15 results, indicated that net sales increased 27.0% from the last year to $680.22mn. Its diluted net EPS stood at $0.88, compared with $0.59 recorded in the previous year. For 1Q16, net sales are expected to be in the range of $150.00mn to $152.00mn, based on opening 18 new stores and assuming a 1.0% to 2.0% increase in comparable store sales.
Kraft Foods Group: The company alongwith H.J. Heinz announced that they have entered into a definitive merger agreement to create the Kraft Heinz Company, forming the third largest food and beverage company in North America with an unparalleled portfolio of iconic brands, wherein Kraft shareholders will own 49.0% stake in the combined company, and current Heinz shareholders will own 51.0% on a fully diluted basis.
TUI AG: The company, in its pre-close trading update ahead of its 1H15 results, indicated that it is on track to deliver results ahead of last year on a like-for-like basis. It stated that the winter closing was as expected, with higher average selling prices in most source markets up 1.0% overall and in summer, bookings were up 1.0% and average selling prices were up 1.0%. The company indicated that is confident of delivering full year underlying operating profit growth of 10.0% to 15.0%.
United Utilities Group: The company, in its trading update for FY15, stated that the current trading is in line with its expectations. It indicated that revenue is expected to be slightly higher than last year, reflecting the regulated price allowance for FY15 partly offset by the impact of the previously announced one-off special customer discount of around GBP20.00mn.
Balfour Beatty: The infrastructure company, in its FY14 results, indicated that total revenue dropped 0.7% from the previous year to GBP8.79bn. It reported a diluted loss of 8.60p/share, compared with a loss of 5.10p/share posted in the prior year. The company stated that it would not recommend a final dividend after reporting losses during the year.
Nostrum Oil Gas: The oil and gas company, in its FY14 results, revealed that total revenue dropped 12.6% from the previous year to $781.88mn. It stated that net income was $146.40mn, compared with $220.00mn reported in the prior year. It recommended a final dividend of $0.27/ordinary share, payable on 26 June 2015 to shareholders.
Card Factory: The retail company, in its preliminary FY15 results, stated that revenue increased to GBP353.30mn from GBP326.90mn recorded in the previous year. Its basic and diluted EPS was 10.60p, compared with 7.50p posted in the last year. The company stated that it is confident in the group’s future prospects, and in its ability to continue to grow sales profitably and to increase market share consistently over the medium term.
Stagecoach Group: The transport company announced that its subsidiary, Stagecoach South Western Trains Limited, has agreed a Deed of Amendment (DoA) to the South West Trains franchise with the Department for Transport. The company stated that it does not currently expect the DoA to have a material impact on profit for the remaining period of the South West Trains franchise.
IP Group: The intellectual property business company indicated that Diurnal Limited, in which it holds a 51.7% undiluted beneficial interest, has been granted Orphan Drug designation by the US Food and Drug Administration for its lead product Chronocort.
Website launched to compare current accounts: People will be able to compare current accounts from the big six high street banks for the first time using a government-backed service launched on Thursday by the Gocompare.com website.
Drugs companies unite to mine genetic data: Several of the world’s biggest pharmaceuticals companies have formed a partnership with Genomics England in the first step towards using genetic data from NHS patients in medical research.
Jon Moulton-backed biotech company to list on Aim: A Liverpool-based biotech company, backed by venture capitalist Jon Moulton, will float in London on Friday in a sign of life for Britain’s life science industry beyond the southeast.
Premier League clubs score first collective profit since 1999: Premier League football clubs made their first collective profit in 15 years last season. Clubs kept a lid on wages to avoid falling foul of rules designed to curb the spending of wealthy owners.
MPs question Sports Direct over collapse of USC chain: Mike Ashley’s Sports Direct empire has been branded “a backstreet outfit” that withheld payments to suppliers and landlords by MPs investigating the collapse of its USC fashion chain.
Employers told to factor commission into holiday pay: Employers must take account of commission payments when they calculate holiday pay for their staff, according to a legal ruling that will push up some companies’ wage bills.
BT returns to mobile market with handset offer: BT has returned to the British consumer mobile market with low-cost offers for existing broadband customers in its first move towards offering bundles of telecoms services.
Tata Motors confirms $1.00bn rights issue: Tata Motors has set out plans to raise as much as Rs75.00bn ($1.20bn) through a rights issue, as it seeks to cut debt and jump-start its loss making Indian car business.
FCA proposes ban on selling of opt-out insurance add-ons: Insurance products that customers default into buying will be banned under plans put forward by the UK’s financial watchdog. Monitise rules out sale as founder Alastair Lukies moves on: Once considered a high-flyer of the UK technology scene, the struggling mobile money group Monitise has decided to go it alone – in more ways than one.
AA to raise GBP935.00mn to cut annual interest costs: The AA has unveiled plans to raise almost GBP1.00bn in equity and debt as part of refinancing measures that will allow the roadside assistance group to cut its annual interest costs.
Hungary bows to EU pressure on nuclear fuel deal: Hungary has agreed to EU demands that it diversify its nuclear fuel supply away from Russia, removing one of the main obstacles to the Kremlin-backed expansion of a landmark atomic power plant.
Kraft deal offers glimpse into Berkshire’s future: Warren Buffett turned Berkshire Hathaway into the second-largest company in the US by buying businesses and letting their existing management get on with running them. The times are a-changing.
Investment in financial technology groups triples to $12.00bn in year: Investment in financial technology companies trebled last year, providing a hint of the scale of digital disruption banks face, according to research from Accenture.
RBS raises value of Citizens sale to $3.70bn: Royal Bank of Scotland on Wednesday increased the value of shares it is selling in Citizens Financial to as much as $3.70bn after receiving stronger than expected demand from investors to own a stake in its recently listed US subsidiary.
Facebook opens Messenger to developers: Facebook is betting that its growing messaging app will be its next big revenue generator, mimicking the model of Asian internet companies such as Tencent’s WeChat by integrating other apps.
O2 deal catapults Three from smallest to biggest UK mobile group: Hutchison Whampoa’s GBP10.00bn purchase of UK mobile group O2 from Spain’s Telefónica will catapult Three from being the UK’s smallest mobile group to the biggest, with an enterprise value of more than GBP15.00bn.
Etihad backs IAG EUR1.35bn Aer Lingus bid: Etihad Airways, the third-largest shareholder in Aer Lingus, has said it would sell its stake if Dublin backs International Airlines Group’s EUR1.35bn offer for Ireland’s flagship carrier.
Money supermarket: Dived 3.4% to 276.30p after founder Simon Nixon abandoned plans to sell part of his stake for around GBP100.00mn.
Balfour Beatty: Edged 5.5% higher to 244.00p as bearish investors cut their trades.
Article source: http://www.biznews.com/sa-investing/2015/03/26/anchor-capital-essential-market-review-26-march/