Company announcements

Standard Bank Group Ltd

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

For this edition, we cover the following stocks:

Sanlam Ltd

MTN Group Ltd

Exxaro Resources Ltd

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Company data

Dividends

Economic catalysts

Standard Bank Group Ltd

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

Standard Bank Group is the holding company for the Standard Bank Group. It offers a range of banking and related financial services and operates in 17 countries in sub-Saharan Africa. It has three business units: personal & business banking, corporate & investment banking, and Liberty.

Results expectation

Standard Bank expected to release full year results for the 12 months ending 31 December 2013 on the 6th of March 2014.

Barclays Africa Group, Nedbank and Firstrand have recently released earnings guidance showing Headline Earnings Per Share (HEPS) growth of 14% (FY), 15.9% (FY) and 20% (six months) respectively. Standard Bank has not yet issued forward guidance relating to its upcoming results, however HEPS growth is expected to be in line with its sector peers, between 13% and 16% higher, while a total dividend yield for the year is expected to remain in the 4% region.

Source: IG Insight, as of 16:30 28/02/2014

Source: IG Insight, as of 16:30 28/02/2014

Technical View

Strong volume (circled red) has greeted Standard Bank when the price has neared the 200 day simple moving average (blue line), alluding to accumulation and a perceived value at this level.

The price has since rebounded and the momentum is favoured with the current long-term uptrend. Short-term resistance is considered at 12800 a break of which could see the price retesting recent highs.

Source:  ProRealTime charts, as of 28/02/2014

Fundamentals

Source: IG Insight, as of 16:30, as of 28/02/2014

Source: IG Insight, as of 16:30 28/02/2014

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