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Warrants and Share Instalments

Welcome to The Standard Bank of South Africa Limited's ("Standard Bank") Warrants website, which provides information on the warrants and share instalments issued by Standard Bank, together with general information relating to warrants and market information. Access to and use of the information provided on this website is subject to the Terms and Conditions, Privacy and Security Statement and Disclaimer.

Financial and other information relating to Standard Bank as the issuer of the warrants and share instalments as well as the terms and conditions governing the warrants and share instalments are set out in the Common Terms Document and related annexures and/or supplements. The warrants and share installments set out on this website are subject to certain selling restrictions which are documented in the Common Terms Document and related annexures and supplements. In particular warrants and share instalments may not be offered or sold within the United States of America or for the account or benefit of U.S. persons. Further restrictions may also be applicable in respect of non-residents and potential investors should ensure that they are they are familiar with all such restrictions.

New Warrant and Instalment Articles
Welcome to the Standard Bank of South Africa Limited
Market Report
Date Updated: 5/22/2017 8:36:28 AM

WHAT HAPPENED OVERNIGHT IN THE US:

·         S&P +0.7%, opened positive and held in busy session – but never in touch with record high.

·         Resources bounced as commodities held gains with soft USD underpin. Best day in 3 weeks for Freeport +4% & Caterpillar +2%.   

·         Oil majors added index points as Brent rallied another buck to make it $5 in a week-&-half. Chevron was Dow’s 4th biggest points contributor.

·         But big picture no change. Yield curve remained flat - rooted to 6-month lows – at ned of bruising week for Trump. Republican party’s Lindsey Graham may have spoken for his peers when he chimed; “A lot of us are glad he’s leaving [for Saudi Arabia & Israel] for a few days”.

WHAT’S UP THIS MORNING IN THE EAST:

·         Asia ok. China ‘unch’, but Hong Kong +1%, around a 2-year high with another record from Tencent +2.8% (at HKD276) – now up seven percent since nos.

·         Australia +0.7%, mostly about resources. But it’s mostly catch-up; BHP +1.7% & Rio +3.4%, indicate little better than flat London open.  

SOUTH AFRICAN NEWS:

·         Expect AllShare +0.25%. From SA close Fri, gold unch ($1253), plat -$6 ($936), copper unch ($2.57/lb), oil +0.7% ($53.95), iron futures -1.2%, USDZAR unch (13.23), S&P unch.

·         PFG: H1 adj hEPS -47% vs guided range 44%-49%, anticipates “improvement” in H2 (on raisin supply, lower maize & beverage costs, and Aeroton bakery & Weetbix capacity), but weak result from Essential Foods and margin drag from maize in these nos may disappoint.  

·         NPN rump currently marking another record low, and although it should moderate when JSE opens, it will probably recover to little better than –R700.  We continue to believe value will eventually unlock from unlisted internet assets, but investor frustration is likely to grow, and as it plumbs new lows we’re likely to see more synthetic rump plays stop out.

TODAYS KEY DATA POINTS:

·         (quiet)


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Standard Bank Warrants and Share Instalment News
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