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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: 7/28/2016 8:20:19 AM

WHAT HAPPENED OVERNIGHT IN THE US:

·         S&P -0.1%, traded quietly into FOMC, rallied then faded to end little changed.

·         Fed saw “low” inflation tempering stronger jobs market – meaning statement not out-&-out hawkish as expected.  

·         No Yellen Q&A meant no chance to clarify. Gold jumped back above $1340,  and Fed fund futures slightly less sure of 2016 hike (45%).

·         From SA close, EM currencies back at recent best – and SA golds all better (ANG +1.4%,  GFI +2.2%, HAR +3.8%, SGL +2.6%). But one big fly in ointment.

·         SAB ADR closed equiv £42.70 (vs London close £43.80) after integration plans halted.  Molson coors -5%, brought week-to-date losses to more than eight percent on deal risk.

 

WHAT’S UP THIS MORNING IN THE EAST:

·         Asia slightly lower, but stripping out Japan losses (on firmer Yen vs weaker USD), it doesn’t look too bad.

·         Hong Kong -0.4%, giving back a slither of week’s gains (Tencent -0.2%). China little changed, flip-flopping all morning in quiet trade.

·         Australia +0.3%, kept afloat mainly by materials. Rio +2.4%, indicates London +1% - riding Dalian futures up another three percent (=spot >$60/t).

·         BHP +0.7%, lagging on soft  oil – and after announcing $1.1bn-$1.3bn provision for  their 50% share of Samarco, in line with most analysts’ expectations.   

 

SOUTH AFRICAN NEWS:

·         Expect AllShare unch. From SA close yday, gold +$12 ($1339), plat +$21 ($1142), copper +0.8% ($2.21/lb), oil -0.5% ($43.60), USDZAR -0.5% (14.21), S&P unch.

·         SAB: convergence and integration team has been told by board  to “pause” deal work, according to internal memo, which has instructed staff not to contact ABI “with immediate effect, and all meetings and calls will  be postponed until further notice.” At last night’s close, the PSA (partial share alternative – for which most institutional investors are ineligible) valued SAB at £50.60 vs cash offer £45 – a situation  Aberdeen has described as “unacceptable”.

·         Earnings due today: AGL H1, BTI H1, ITU H1.

TODAYS KEY DATA POINTS:

·         7am+: Europe earnings (BNP, Lloyds, Renault, Danone,  AstraZen, etc)

·         9am+: Germany July CPI

·         11.30am: SA June PPI

·         2.30pm: US initial jobless

 

 


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