Allied, Beige, Cashbuild, DigiCore, Remgro: South African Equity Preview
The following stocks may rise or fall in South Africa. Symbols are in parentheses and prices are from the last close.
The FTSE/JSE Africa All Share Index broke a four-day winning streak, declining 91.76, or 0.3 percent, to 30,959.59 by the 5 p.m. close in Johannesburg.
Allied Electronics Corp. Ltd. (ATN SJ): The investment company with interests in communications equipment and power cables, said earnings per share for the six months through Aug. 31 fell as much as 24 percent from the year earlier period. The stock closed unchanged at 26 rand.
Beige Holdings Ltd. (BEG) : The pharmaceutical and cosmetic manufacturer bought a 50 percent shareholding in Botswana-based Kgalagadi Soap Industries Ltd. for an undisclosed amount. Shares in the company closed unchanged at 8 cents.
Cashbuild Ltd. (CSB) : The building materials distributor reports earnings for the 12 months through June. Normalized earnings per share will be as much as 30 percent higher than the previous year, the company said in a trading update on Sept. 14. The stock closed unchanged at 95 rand.
DigiCore Holdings Ltd. (DGC) : The company that makes vehicle-tracking devices reports earnings for the year to June 30. Shares in the company dropped 3 percent to 2.91 rand.
Remgro Ltd. (REM) : The investment-holding company releases earnings for the 15 months through June. Earnings per share excluding extraordinary items rose as much as 60 percent compared with the year through March 2010, the company said in a trading update on Sept. 7. The stock fell 0.9 percent to 114.31 rand.
Silverbridge Holdings Ltd. (SVB) : The computer software company reported a per-share loss of 71.47 cents for the 16 months to June 30, compared with earnings per share of 39.78 cents in the 12 months through Feb. 2010. Shares in the company closed unchanged at 1.40 rand.
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