ArcelorMittal, Assore, HCI, PBT: South African Equity Preview

The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are from the last close.

South Africa’s FTSE/JSE Africa All Share Index (JALSH) snapped four days of gains, losing 102.29, or 0.3 percent, to 32,800.23 at the 5 p.m. close in Johannesburg.

ArcelorMittal South Africa Ltd. (ACL) : The continent’s largest steelmaker posted earnings a share before one-time items of 3.43 rand, from a year-earlier loss of 1.04 rand. That missed the median estimate of eight analysts surveyed by Bloomberg for headline earnings a share of 4.45 rand. The stock declined 2.05 rand, or 2.4 percent, to 85.35 rand.

Assore Ltd. (ASR) : The manganese producer expects attributable earnings and earnings per share excluding one-time items for the first half through December to be as much as 12.03 rand a share, up from 2.83 rand a share a year earlier. The stock rose 5.25 rand, or 2.5 percent, to 213.50 rand.

Gold Fields Ltd. (GFI) : Gold may decline as the strengthening global economic recovery outweighs concerns over unrest in North Africa and the Middle East, according to Kate Harada, a senior trader with Mitsubishi Corp. Africa’s second-largest producer of the metal dropped 1.94 rand, or 1.6 percent, to 116.05 rand.

Hosken Consolidated Investments Ltd. (HCI) : The investment company said it bought a stake in South African wine and spirits maker KWV Holdings Ltd. for 274.12 million rand ($38 million) to diversify its earnings base.

John Daniel Holdings Ltd. (JDH) : The producer of industrial containers said in a cautionary notice it was continuing discussions to renegotiate the terms of conversion of a loan with Escalator Capital Limited. The discussions may result in Escalator partially or fully underwriting a 10 million -rand rights offer of approximately 10 cents per share. JDH added 1 cent, or 9.1 percent, to 12 cents.

PBT Group Ltd. (PBT SJ): The provider of information management services expects its earnings for the six months through February to be at least 20 percent higher than in the six months ended Dec. 31, 2009, according to a regulatory statement. PBT Group rose 1 cent, or 0.9 percent, to 1.10 rand.

Reunert Ltd. (RLO) : The telecommunications and electrical-engineering company holds its annual general meeting. Reunert slid 3 cents, or 0.1 percent, to 64.30 rand.

Shares or American depositary receipts of the following South African companies closed as follows:

Anglo American Plc (AAUK US) rose 2.3 percent to $27.30. AngloGold Ashanti Ltd. (AU US) gained 0.6 percent to $44.98. BHP Billiton Ltd. (BBL US) added 0.8 percent to $81.93. DRDGold Ltd. (DROOY US) slid 0.6 percent to $4.64. Gold Fields Ltd. (GFI US) climbed 0.4 percent to $16.21. Harmony Gold Mining Co. (HMY US) gained 1.7 percent to $11.06. Impala Platinum Holdings (IMPUY US) dropped 0.9 percent to $29.13. Sappi Ltd. (SPP US) was unchanged at $5.35. Sasol Ltd. (SSL US) declined 1.3 percent to $51.63.

To contact the reporters on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net; Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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