Flash Briefing: Bidding war for Moz gas giant; PSG at 20% discount; Rand falls sharply; Life Healthcare slumps
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Energy group Anadarko Petroleum, which owns huge tracts of gas reserves in Mozambique, has become the subject of a massive bidding war.
The Jannie Mouton created investment company PSG announced solid financial results for the year to end February, disclosing recurring earnings per share up 9% and a 10% increase in the year’s dividend, to R4.56 per share.
Life Healthcare shares were one of the biggest losers on the JSE yesterday after the group released a trading update for the half year to end March disclosing that profit margins have fallen from 23.6% to 22% knocking headline earnings per share by around 50%.
The South African Rand took a pasting yesterday, influenced by a continuing slide for emerging market currencies worldwide. It lost 18c against the US Dollar and 21c against the Pound to R14.43 and R18.65 respectively.
The Jannie Mouton created investment company PSG announced solid financial results for the year to end February, disclosing recurring earnings per share up 9% and a 10% increase in the year’s dividend, to R4.56 per share.
Life Healthcare shares were one of the biggest losers on the JSE yesterday after the group released a trading update for the half year to end March disclosing that profit margins have fallen from 23.6% to 22% knocking headline earnings per share by around 50%.
The South African Rand took a pasting yesterday, influenced by a continuing slide for emerging market currencies worldwide. It lost 18c against the US Dollar and 21c against the Pound to R14.43 and R18.65 respectively.
