Company announcements

Sanlam Ltd

Analysis of upcoming company announcements, using our market insight information and analysis tools.

For this edition, we cover the following stocks:

 

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Sanlam Ltd

Full year results for the 12 months ending 31 December 2013 expected on the 6th of March 2014 

Sanlam Limited (Sanlam) is a financial services company. It operates in five business segments: Sanlam Personal Finance; Sanlam Emerging Markets; Sanlam Institutional Cluster; Santam and Corporate and other. The Sanlam Personal Finance cluster is responsible for Sanlam’s retail business in South Africa. It provides clients across all market segments a range of financial solutions.

Results expectation

Bidvest Group Ltd is expected to release interim results for the six months ending 31 December 2013 on the 27th of February 2014.

The company has guided that it expects headline earnings per share to be 15% to 17% higher than that of the comparative period. 

The Bidvest group has been consistent in delivering earnings growth of around 15%, benefiting from its geographic diversity. The Foodservice division has become a major contributor (more than 50%) of the group’s revenue, with over 90% of the Foodservice revenue being realised from its European and Asia Pacific operations. This should serve the company well in terms of currency diversity, which is likely to reflect in the upcoming results.

 

Source: IG Insight, as of 15:18 28/02/2014

Source: IG Insight, as of 15:18 28/02/2014

Technical View

The price of Bidvest is currently in a sideways consolidation ahead of its interim results.

The sideways movement has taken the form of a triangle pattern. The 24450 level marks the resistance which would need to be broken before a new uptrend is considered, while the 23770 level marks the support which would need to be broken before a new downtrend is considered.

Should one of the aforementioned breakouts occur, a target from the pattern is derived from measuring the height of the pattern (24800 – 23600 = 1200) and projecting that distance from the breakout level.

Source: ProRealTime charts, as of 25/02/2014

Fundamentals

Source: IG Insight, as of 15:23, as of 28/02/2014

Source: IG Insight, as of 15:23 28/02/2014

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