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South Africa Stock Preview: Cargo Carriers, 1time

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 rose 75.02, or 0.2 percent, to 31,918.93 at the 5 p.m. close in Johannesburg.

Africa Cellular Towers Ltd. (ATR SJ): The steel communication-tower maker reports results for the year through February. The company’s loss is expected to widen to between 35.5 cents and 39.3 cents a share compared with a loss of 25.9 cents last year, it said in a statement on May 13. The stock retreated 1 cent, or 6.7 percent, to 14 cents.

Cargo Carriers Ltd. (CRG SJ): The transportation and logistics company publishes earnings for the year through February. Earnings per share are expected to be as much as 35 percent lower for the period compared with a year earlier, it said in a trading update on May 13. The shares were unchanged at 10.20 rand.

1time Holdings Ltd. (1TM SJ): Graham Paterson, the low-cost airline and technical maintenance company’s Africa and airports director, sold 25,000 of his shares in 1time yesterday. The company reported a 97 percent drop in profit to 1.16 million rand ($168,000) in the year through December. Since then, Paterson, Chief Executive Officer Glenn Orsmond and three other senior executives have sold more than 254,000 shares at about 60 cents. 1time rose 2 cents, to 59 cents.

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