Company announcements

AVI Ltd

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

For this edition, we cover the following stocks:

Sasol Ltd

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AVI Ltd

Interim results for the six months ending 31 December 2013 expected on the 10th of March 2014 

AVI is a South African based company focusing on the branded consumer products industry. Its key competencies are the marketing, processing and manufacturing of food, beverages, footwear and cosmetics

Results expectation

AVI Ltd has guided that it expects consolidated Headline Earnings Per Share (HEPS) for total operations to be 8% to 11% higher than the 2012 first half comparative.

The Snackworks division was the largest contributor to group revenue (R1.614bn) and increased 13.3% over the period (vs 2012 comparative).

The Fashion Brands division (second largest contributor to revenue of R1.541bn) showed the slowest growth in the group (7.6%), with the footwear division experiencing gross margin pressure over the period.

Entyce Beverages (R1.416bn revenue) and I&J (R824m revenue) are indicated to have grown 8.1% and 14.4% respectively.

Source: IG Insight, as of 11:20 07/03/2014

Source: IG Insight, as of 11:20 07/03/2014

Technical View

The price of AVI is trading in a sideways range between the previous support level at 5000 and the recent resistance level at 5260.

Range traders would be looking to capitalize off this range by accumulating near support and distributing near resistance. Breakout traders would look for a confirmed close above resistance for a long entry or a confirmed close below support for a short entry.

The height of the range (5260 – 5000 = 260) projected from a break of support or resistance would provide a near-term target in the same direction as the breakout.

Source: ProRealTime charts, as of 06/03/2014

Fundamentals

Source: IG Insight, as of 11:20 07/03/2014

Source: IG Insight, as of 11:20 07/03/2014

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