My Equity Report

After Friday’s downturn, things are looking up again. My total portfolio will be effected by the trade in Chromentco so I wont list it today

					Daily Statistics
Share Name	Price	Yesterday	Diff	%	High	Low	Deals	Vol	Value
AFDAWN	245	240	5	2.08	245	237	36	269,803	644,829
CADIZ	512	505	7	1.39	520	512	30	162,242	833,924
GRINDROD	2375	2329	46	1.98	2400	2350	228	986,854	23,477,257
S.OCEAN	780	780	0	0.00	780	765	18	88,475	683,027
ZEDER	270	268	2	0.75	270	265	53	450,123	1,206,330

Investments on the Johannesburg stock exchange

SASOL rated amoung top 10 Stocks to buy worldwide by stocksandblogs.com

Sasol (Source: stocksandblogs.com)

Sasol is a lesser known energy giant, which has developed world-leading technology for the commercial production of synthetic fuels and chemicals from low-grade coal as well as the conversion of natural gas to environment-friendly fuels and chemicals. Along with oil and natural gas, the company also produces diesel and liquid gas. Headquartered in South Africa, SSL has access to the growing Africa markets, and maintains a steady presence in Europe, Asia and Australia. Currently, the stock trades at less than 10 times earnings, and offers a $2.50 dividend. The company has a dominant position in the business of converting coal to gas and is one of the few players that can do it well. With coal in abundance (and Sasol owns coal reserves all over Africa), the process of using coal for gas is a fruitful and profitable venture with a bright future. Apparently, SSL’s management thinks so because the company recently bought back 1.2% of their outstanding shares at under $33 per share as part of a 3% share re-purchase program. The stock is down 10% from a recent high of around $39.50 due to some problems at their Oryx GTL (gas-to-liquid) plant in Qatar, but these issues will be fixed soon.

According to Motley Fool:

• In 2006, Sasol pulled in roughly $2 billion in net income from continuing operations on roughly $10 billion in revenues.
• The company, which operates in 30 countries and recently opened offices in China and India, sees its patented gas-to-liquid (GTL) and coal-to-liquid (CTL) technologies as a potentially huge driver of long-term growth.
• The CTL technology, in particular, could catch on in the U.S. given our vast coal deposits, growing desire for energy independence, and sustained high energy prices.
• Sasol has been in talks with at least two U.S. governors of coal-rich states who have expressed an interest in Sasol’s patented CTL technologies. Should the technology gain traction in the U.S., Sasol’s shareholders would likely be richly rewarded.

In addition, Sasol has an enviable return on equity of greater than 27% and a PEG ratio of 0.7. The stock is a buy at these levels.

Investments on the Johannesburg stock exchange

Why Invest in South Africa?

Spurce (southafrica.com)

South Africa is a country filled with diversity and opportunity. More and more people are coming to see this country, at the southern tip of Africa, as a great place to invest their money. Why? Over time South Africa has proved itself to be developing a dynamic emerging market economy. There are also a variety of opportunities in different sectors for those interested in putting their money into South Africa. Let us take a closer look at what South Africa has to offer foreign businesses.

South Africa’s economy presents foreign investors with an abundance of opportunities in all of its sectors. However, certain sectors do take the lead in growth potential. These include Agriprocessing, Automotive, Fishing, Banking and financial services, Mining and minerals, Chemicals, Property, Textiles, Tourism and Telecoms. South Africa’s stock market is ripe for investment and the government has certainly done much to promote investment from other countries. There are many excellent reasons for doing this.

One reason is the healthy business and legal environment. South Africa has a well-developed legal framework in matters relating to labor and commerce. They have adopted international standards regarding patents, trademarks, competition, copyright and disputes. Banking regulations are amongst the greatest in the world and banking facilities are top-standard. Another matter to consider is South Africa’s economic policies. Various new policies have been put in place so as to produce a macro-economic environment that is very stable. The Reserve Bank of South Africa is completely independent from the country’s government and has implemented programs to stabilize interest rates and other important elements. South Africa also boasts fantastic infrastructure with world-class telecommunications and well managed transportation system.

Let us consider another good reason for doing business in the country: South Africa has entered into several free trade agreements and has introduced a reduction in tariffs. These trade agreements include the SA-EU Free Trade Agreement and SADC Free Trade Agreement. Additionally, South Africa provides good access to various markets, both by sea (to the South Atlantic and Indian Oceans) as well as on land (through the rest of Africa). Surveys have revealed that South Africa is one of the least expensive places, with excellent facilities, in the world to do business. Certain reports have also stated that South Africa ranks amongst the top countries for ease of doing business.

This just gives you a limited insight into why South Africa is a great country to do business in and hopefully it has whet your appetite to find out more. As you delve into the various business opportunities available in this exquisite country, you are certain to be impressed.

Investments on the Johannesburg stock exchange

CMO -Sell Sell Sell

I decided to sell CMO just a few min ago. it was a risky trade and I decided to cut my losses. the order has been mostly filled at a price of 96. it hurts and in the long run it might not be the best desision but considering the capital I had exposed (very very little) it was useless to keep hanging on. I will wait till I can close out Cadiz or until I have more cash to put into the stocks.

Also a quick update on Simmers when I tipped it at 6.99, I hope some of my readers got in. here are the latest:
Live Chart from Sharenet

Investments on the Johannesburg stock exchange

JSE recovering bit today

The JSE recovering quite a bit today :-). Not back Thursdays levels but recovering. So here from this observation, can we follow a trade strategy of buying on a Friday and selling on a Monday. I wonder if there are any theoretical background on this?

please note this is a live graph not reflecting the index as of 11.06.2007 :

here’s a little report on from wwww.psg-online.com

Gold firms, fickle markets bounce back (8.50am) 11 June 2007

In New York stocks rallied on Friday at the end of a tough week on Wall Street in which worries about inflation and rising interest rates sent the major indices tumbling for 3 straight sessions – on Tuesday, Wednesday and Thursday. The UK’s FTSE 100 index of leading shares pared losses in late choppy trade to end Friday’s session flat as rising US stocks soothed a market fretting over interest rates. European stocks inched lower on Friday, falling for a 5th straight day as worries over interest rates and rising bond yields lingered, but mergers and acquisition fever over a few bank stocks helped cushion the fall. Stocks across the Asia-Pacific region gained for the 1st time in 3 days after a report today showed Japan raised its 1st-quarter economic growth estimate. South Korea’s Kospi index was the only benchmark in the region to fall. Australia and the Philippines are closed today for holidays. The price of crude oil was little changed in New York after falling last week on increasing US stockpiles and speculation rising interest rates may slow commodity demand. Cash gold rose on Monday as bargain hunters lifted the metal from its lowest level in nearly 3 months that was hit on Friday, while Tokyo gold futures slipped to a 2-week low on a decline in New York COMEX gold. The Rand is slightly firmer in early trading today as at 08.40am

Investments on the Johannesburg stock exchange