Companies
Jun 17 2010 00:00
THE EUROPEAN DEBT crisis is (understandably) playing havoc with the European single currency, the euro. We show a chart of the US dollar/euro, which recently broke below a long-term support level. We also show a chart of the US$/rand, which has been weakening. The charts shown point to ongoing euro weakness, although there will be bounces in-between.
Companies
Jun 17 2010 00:00
CHRISTO WIESE has strengthened his position as a major shareholder of industrial and engineering company Invicta Holdings after buying almost 400 000 shares from the company’s CE, who has been a steady seller of the shares since late last year. Wiese paid R10,2m for 366 000 shares before buying another 12 595 single stock futures for R35,2m. The seller of the futures was again CE Arnold Goldstone.
Companies
Jun 14 2010 06:01
LAST TUESDAY the RE:CM Calibre investment vehicle listed on the JSE under the preference share sector. That’s a closed-end fund listed by leading value asset manager Piet Viljoen of RE:CM. Prior to listing, RE:CM Calibre raised around R450m from investors – a credible performance, given the current state of equity and capital markets. Its value for investors is its ability to buy into investments that may be outside the mandate of a traditional unit trust, including listed and unlisted debt and
Companies
Jun 17 2010 00:00
LOGISTICS GROUP Cargo Carriers – which transports industrial, building and consumer goods across southern Africa – may be a good choice for investors looking for a stable dividend income. Cargo is trading at a dividend yield of 4,3%, reports McGregor BFA, compared with the industrial transportation sector’s 3,09%.