Purply

Yip, should probably improve come Friday since Thursday it will be closed, and fed decision comes into play only late Wednesday.

PPC interim results 31 March 2016 released 14 June 2016 Revenue for the interim period dropped by 1% to R4.501 billion (2015: R4.541 billion). Gross profit was 7% lower at R1.2 billion (2015: R1.3 billion). Operating profit decreased by 3% to R733 million (2015: R756 million). Profit for the period attributable to shareholders of PPC Ltd. rose by 35% to R369 million (2015: R274 million). Furthermore, headline earnings per share were recorded at 53 cents per share (2015: 60 cents per share). Strategy In the short to medium term PPCÆs focus is on consolidating current expansion projects and operational efficiency initiatives introduced in the past 18 months, stabilising the company and ensuring it is able to deliver on its strategic priorities. The group has made changes to its operating structure to ensure that it has the appropriate business model to deliver on its long-term growth strategy. Two key changes include the establishment of the materials business division, noted earlier, and a new commercial function. The materials business division is focused on expanding PPCÆs product range and service offering in aggregates, readymix, fly ash, lime and related businesses. Progress to date includes the imminent acquisition of 3Q Mahuma Concrete, the largest independently owned readymix concrete supplier in southern Africa. The new commercial function is intended to create and entrench an increased commercial perspective to facilitate PPCÆs aim to become a world-class provider of materials and solutions. A dedicated project management office now operates from this division to ensure the company realises its aspirations. The Board approved a corporate restructure to streamline and optimise the South African and foreign operations, effective 1 April 2016. As a consequence, the legal structures and management accountability are fully aligned and Project Omega is now substantially complete. PPCÆs 2008 broad-based black economic empowerment transaction (B-BBEE 1) matures in December 2016, however discussions to accelerate the unwind of B-BBEE 1 continues. Under the revised Department of Trade and IndustryÆs broad-based black economic empowerment codes of good practice, PPC was rerated from a level 2 contributor to level 8 in December 2015. We had anticipated this outcome and management plans to improve our B-BBEE score to level 4 over the next three years. This rating will enable our customers to claim back 100% of their spending with our group for their own preferential procurement points. To reach level 4, the company will focus on improving the score in the categories of management control, skills development, and enterprise and supplier development.

On the one part yes, they made some money and have expanded into various countries that will yield profit within the next 12 months, on the other part, they need to raise 4 billion in order to keep going and service their debt, refinancing and the likes. Potential rights issue scenario incoming

I'm not expecting any news from PPC, but some news will be better than no news at all, so hopefully something positive surfaces today, already down 7% as is.

Wow finally, only took 18 months, here's hoping this turns into swift justice.

Hmmm I wonder how low this share can go, already thought its at an all time low 5 days ago, but it just keeps dropping more and more.

If you prepared to gamble, then yes, buy now and sell when you feel it's time to get out. Some say Wednesday would be a good time to sell as that is when the FED will meet, but I'm leaning more towards perhaps Friday, or even Monday, but that all depends on how the market reacts on the Fed decision and more importantly what that decision is going to be. We all hoping for another hold on rates, otherwise gold will tumble sharply and rapidly. Splitting between them is also fine.

Hopefully someone will shoot him before the trail starts, would save everyone so much unnecessary effort

Very tempted in getting some Sasol today, or wait a bit longer in case it drops even lower?

I've traded in them all, including PAN, ANG and DRD Mostly used HAR and SGL in the past, but have since moved onto DRD as I feel they have greater potential currently, especially with their March 2016 Q due today. Btw it's GFI , not CFI

Dont forget DRD, my favorite currently.

The entire gold section is green.

It does look very appealing currently, just not for short term trading though. If I was patient enough, I'd drop a lump sum into KIO for 5 years no problem, but my currently goal is to grow my portfolio by minimum 20% per month.

I have been tracking iron ore for the past few months, it has seen one amazing recovery, one that unfortunately has starting falling in the past month or so and still seems to be going down. I've read various articles, some suggesting that the rise is over and that it will fall back to January prices around $38, considering it was at $70 in April, mostly due to the slow down in China, plus oversupply (the usual reasons for anything going down lately) KIO is extremely high risk, I have lost a ton, but have also gained considerably, just in trading though, no idea how this share will play out from an investors perspective. I would suggest doing proper research before going in feet first with this one. Bloomberg article here http://www.bloomberg.com/news/articles/2016-06-07/citigroup-raises-iron-ore-outlook-as-china-demand-may-surprise I don't read much into articles though, take it with a pinch of salt.

The amount of time that has been spent on this case is just insane. 10 years in prison should suffice, 15 max, case closed.

Will be a tricky week with all the interest rates being reviewed this week, BOE,BOJ,FED,SWISS, just to name a few. During these times I always place my bets in gold stocks, hasn't failed me yet since the FED has hold rates since December, hoping to get a quick 10-20% profit within the next 4 - 8 days.

... /buys more DIVTRX instead Good choice, leave the BASKETS to people with zero interest in doing their own research.

2 weeks of nothingness or no withdraw, those are your choices, regardless of how much of your "available funds" you want to withdraw.

Thought you knew that already, that was why SWA was so upset in the EE thread, had to wait T5+T5 days for the money to clear, which we all knew. The catch however is that you can't do any other transactions in that time. Also something I did not know

Ye, no idea why EE doesn't have that kind of functionality, would make things so much easier. You basically unable to do any kind of trading for 2 weeks, so silly

All good things come to those that wait, but before that you need to take a chance, otherwise you not going anywhere.

Just after posting that, MTN jumped 10% *edit* Make that 20%

I haven't been following PPC for that long, but from what I've read they have been investing heavily into Africa, with around 6 - 8 new ventures coming online in the near future. At least that's how I understood it all, for this reason I have dumped a lump sum into them. Will hopefully grow into a nice little nest egg in the next 5 years or so.

Update to shareholders on Nigerian fine and withdrawal of cautionary announcement MTN Group Limited (Incorporated in the Republic of South Africa) Registration number: 1994/009584/06 ISIN: ZAE000042164 Share code: MTN ("MTN" or the “Company”) Update to shareholders on Nigerian fine and withdrawal of cautionary announcement Further to the various announcements to shareholders regarding this matter, MTN is pleased to inform shareholders that the matter has been resolved with the Federal Government of Nigeria (FGN) on the following terms: MTN Nigeria has agreed to pay a total cash amount of Naira 330 billion over three years (the equivalent of US$ 1.671 billion at the official exchange rate and US$902 million at the Lagos Parallel Market Rate) to the FGN in full and final settlement of the matter payable as set out hereunder. The Naira 50 billion paid in good faith and without prejudice by MTN Nigeria on 24 February 2016 forms part of the monetary component of the settlement leaving a balance of Naira 280 billion outstanding which will be discharged as follows: Naira 30 billion on 8 July 2016 Naira 30 billion on 31 March 2017 Naira 55 billion on 31 March 2018 Naira 55 billion on 31 December 2018 Naira 55 billion on 31 March 2019 Naira 55 billion on 31 May 2019 In addition to the monetary settlement set out above:- - MTN Nigeria subscribes to the voluntary observance of the Code of Corporate Governance for the Telecommunications Industry and will ensure compulsory compliance when the said Code is made mandatory for the Telecommunications Industry. - MTN Nigeria undertakes to take immediate steps to ensure the listing of its shares on the Nigerian Stock Exchange as soon as commercially and legally possible after the date of execution of the settlement agreement; - MTN Nigeria shall always ensure full compliance with its license terms and conditions as issued by Nigerian Communication Commission (“NCC”). MTN Group Executive Chairman Phuthuma Nhleko said “he expresses his thanks and gratitude to the FGN for the spirit in which the matter was resolved and believes this is the best outcome for the Company, its stakeholders, the FGN and the Nigerian people and that the relationship between MTN, the FGN and the NCC has been restored and strengthened”. Accordingly, shareholders are advised that they are no longer required to exercise caution when dealing in the Company’s securities. Fairland 10 June 2016

That it was