Anglo on the Back FootAt the time of going to press (29 June) Anglo American was decidedly on the back foot as its board attempted to fight off an unsolicited and unwelcome takeover approach from Xstrata. Although the Nil-Premium merger proposal that was put to Anglo on the 17 June 2009 was summarily rejected a few days later it is clear that Xstrata and its CEO Mick Davis won’t just walk away because Anglo said "no thanks".

Daily Equity Report

Adcock Releases Interim ResultsFri, 03 Jul - 17:36
Yesterday saw the release of Adcock Ingram’s interim results for the 6 months ending 31 March 2009. Adcock has been around for a long time, having been founded in Krugersdorp some 116 years ago! It is now a major local player in the ...

PoliticalViewsThe FIFA Confederations Cup has come and gone and, contrary to the expectations of the many doomsayers in South Africa, our country received an unequivocal “yes” from football’s world governing body. An “eight out of ten” a year before the Soccer World Cup is as good as it gets.The Fourth Pillar of InvestingAs most of us are not likely to inherit well, and given the odds against a fortuitous Lotto win, any money that we invest will most likely come from our discretionary income – what is (hopefully) left over each month after we have paid the bills. This I would suggest is where the fourth and arguably most important pillar comes into play – investing in you.Introducing....Sharenet MobileBesides offering monthly subscriptions for JSE data, Sharenet also offers a ‘pay-as-you-use’ option, where you can have information sent to your cell phone via SMS, anywhere in South Africa. Sharenet Mobile has been designed to give clients the most advanced set of features available using mobile phone technology. A New WorldDespite the varying fortunes of the world’s economies, the panic and doomsday scenarios that dominated thinking only a few months ago are slowly receding. There is general acceptance that the recession will end, and thinking is turning towards the impact on long run growth prospects. Is the Curtain Coming Down on Shareholder Value Maximisation? The seeds of the financial crash have been raked over in countless articles and are generally well known by now. What is not as well known is that many commentators are now singling out another factor: the concept of shareholder value maximisation.How inflation is affecting your buy-and-hold bond strategyConsidering the JSE All-share turned a corner in March, gaining approximately 18%, can we expect the start of an economic recovery in 2009? Is the optimism sustainable, and is it shared by investors who have adopted a buy-and-hold strategy in fixed-interest securities (bonds)?The Economics of a Zuma PresidencyNow the waiting is over, but what kind of President can we expect? And of most relevance, what kind of policies will he back and what will their impact be on the environment for business and investment? Stars to Steer By Although there are investment analysts and other corporate finance whizz-kids who build and run complex cash flow valuation models, the other 99.999% of us may prefer to use slightly more user-friendly methods of share selection. Here we look at four of the best (relatively simple) financial ratios that can help pick undervalued non-financial shares.5 minutes with Issy BacherDr. Issy Bacher turned his attention to the stock markets back in 1982. After discovering “on balance volume” theory, he developed technical analysis software that could predict cyclical highs and lows. Not long after, Cycle Trends was born. Market Views interviews the man behind the programme. Voting for BusinessSome business people have a way of feeding off politics and politicians. This stands to reason because government provides the biggest tenders and, if one secures one or more of these tenders, it could bring significant financial rewards...Learn to earn on the stock exchangeIf you want to begin trading on the JSE and are looking for guidance, or you want to brush up on your stock exchange knowledge, Sharenet College offers a 27-module Stock Exchange Course that equips you with the relevant skills and information to help you navigate the equity markets and make wise investment decisions. Quickstream: Keeping an eagle eye on your portfolioIf you like to keep your finger on the pulse of the stock market, Quickstream may be just the programme for you. With a customised view of your portfolio, you can put through a trade and watch movements in your share picks as they unfold. Share Market Indices - An ExplanationA share market index is intended to give investors an idea of the overall movement in prices of a group of shares. An index can literally include all of the shares traded on a stock exchange (e.g. such as the JSE Allshare Index), or can represent a selection of just some of the shares (e.g. the JSE Top40 index). Charles Petit discusses what share market indices are all about...

Introducing…MarketTrackerUsed by trusted corporates such as Allan Gray, Sanlam and RMB Cape Town, MarketTracker is a software package that helps to keep track of developments on the stock exchange as well as group information on a particular share selection or personal share picks.Take your first step into the exciting world of trading with Sharenet's Stock Exchange course.Its never been more important to make wise investment decisions than in the current market environment. Sharenet's Stock Exchange course covers all the basics and includes all the tools you need to become the best investor you can be...

Zambia Copper Investments Limited - Trading statement Shareholders are advised that, for the year ended 31 March 2009, the company`s earnings per share and headline earnings per share will be between 90% and 101% lower than that reported on in the prior comparative period. BHP Billiton Plc - Sale Of Yabulu Nickel Refinery, Queensland, AustraliaBHP Billiton is pleased to announce it has signed an agreement to sell the Yabulu nickel refinery to companies wholly owned by Professor Clive Palmer.Kiwara and International Finance Corporation finalise initial US $6 Million Equity Subscription The board of Kiwara PLC are pleased to announce that the contemplated equity subscription announced on 29th April 2009, to be made by the International Finance Corporation has been finalised, subject only to Kiwara shareholder approval. Headline: Lonmin Plc - Total Voting Rights and Capital as at 30 June 2009 Pursuant to DTR 5.6.1 R (1), Lonmin Plc hereby notifies the market that the Company`s issued share capital as at 30 June 2009 consisted of 192,896,710 Ordinary Shares of $1 each with voting rights. Therefore, the total number of voting rights in the Company was 192,896,710. SABMiller announces a proposed black economic empowerment transaction in South AfricaSABMiller announces that it proposes to enter into a broad-based black economic empowerment transaction in South Africa, which will involve an equity issue of approximately 10% of its South African subsidiary, The South African Breweries Limited, to a broad base of black participants, reflecting the group`s long-standing commitment to socio-economic progress in South African society.Braemore Strengthens Conroast Technology PositionBraemore Resources is pleased to announce revisions to its ConRoast Technology Agreement with Mintek. The revised ConRoast agreement further strengthens the technology partnership formed between Mintek and Braemore which provides for the commercial exploitation of the ConRoast technology through the smelting and refining of platinum group metals. Moneyweb Holdings Limited - Trading StatementMoneyweb is currently finalising its results for the year ended 31 March 2009 and shareholders are advised that the company expects to incur a headline loss of between 0 and 2 cents per share compared to headline earnings per share of 200 cents per share for the previous corresponding period.Coal of Africa Limited - Conversion of options and secondary trading noticeCoal of Africa Limited confirms it has today converted 50,000 Class A Options, exercisable at $0.50 on or before 30 September 2011, into ordinary shares pursuant to receipt of a valid conversion notice.