MARKET WATCH
Feast of results for JSE watchers to digest on Tuesday
Shoprite, Anglo American, AngloGold Ashanti and Imperial are scheduled to release results, in the US Walmart is due to release results
Grocery chain Shoprite, whose share price rebounded 8.64% on Monday after announcing its proposed merger with Steinhoff had been called off, is scheduled to release its interim results on Tuesday. Shoprite has not released a trading statement, indicating its earnings will be within 20% of the matching period’s. In an operational update released on January 17, Shoprite said its overall turnover grew 14% to R71.3bn. Anglo American will release its 2016 financial results on Tuesday. It too has not released a trading update, as would be required by JSE rules if its earnings differed by more than 20% from the comparable period. Anglo’s subsidiaries Kumba Iron Ore disappointed the market last Tuesday by not declaring a dividend for 2016 while Anglo American Platinum reported a return to profit last Wednesday. Anglo’s former subsidiary AngloGold Ashanti said in a trading statement on February 2 that it expected to report a return to profit on Tuesday. The gold mining group said it expected...
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