African Dawn, ELB, Excellerate, PPC, 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 closed at the highest since July 28, advancing 384.31, or 1.2 percent, to 31,343.90 by the 5 p.m. close in Johannesburg.

African Dawn Capital Ltd. (ADW) : The small-cap financial services company holds a general meeting for shareholders to vote on its planned rights offer and convertible bond issues. The stock closed unchanged at 9 cents.

ELB Group Ltd. (ELR) : The investment trust releases results for the 12 months to June 30. Earnings per share rose 29 percent to 2.70 rand a share, the group said in a trading statement on Sept. 15. Shares in the trust fell 0.2 percent to 19.89 rand.

Excellerate Holdings Ltd. (EXL) : The provider of cleaning and parking services said earnings per-share rose as much as 54 percent in the year through June. Shares in the company closed unchanged at 87 cents.

Pretoria Portland Cement Co. (PPC SJ): South Africa’s biggest cement producer conducts group discussions with local investors following the release of a trading statement yesterday that showed earnings per share for the year through September falling by as much as 30 percent. The stock gained 0.5 percent to 23.76 rand.

Remgro Ltd. (REM) : The investment-holding company said net income in the 15 months through June 30 increased to 10.84 billion rand ($1.41 billion) compared with 3.06 billion rand in the 12 months ended March 31. Shares in the company declined 0.2 percent to 114.10 rand.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

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

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