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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: 2/25/2021 8:42:48 AM

WHAT HAPPENED OVERNIGHT:

·        S&P +1.1%, took rising yields in its stride, back within touching reach of record highs

·        DXY> 90 near 3 year low, UST10 yr >1.40%; spiked early in the session, but equities were unnerved. Powell emphasised the view that the economy has a “long way to go” and inflation concerns are unwarranted.

·        Brent> $67, lifted energy stocks +3.7%, followed by Financials & IT +2% a piece, but Gold>$1800 losing favour to rising yields.  

·        Asia’s upbeat taking lead from US Futures, and weaker dollar

·        NKY +1.6%, China +1.6%, still down 12% post lunar year selloff, HK +2%, Tencent +2%

·        Positive moves in overnight commodities adding to the sentiment, copper $10 shy of all time high. PGMs take a leg up on Norilsk suspension of 2 mines due to operational problems.

·        Australia +0.8%; materials back in control, financials not too far behind, RIO+1.9%, FMG+3.1% BHP +3.2%, indicates SA open +3.5%.

 

 

What else of interest?

·        IMP: looks solid - no payout disapp here (that we saw with AMS, SSW). H1 hEPS +328% as guided, div 1000c = 40% FCF vs policy 30%. FY prod tweaked up to 3.2-3.46moz (vs 2.8m-3.4moz), cash costs tweaked lower at top-end R14600-15100/oz (vs 14500-15500) and capex down to R5.8bn-6.2bn (vs R6-6.75bn) shld continue to free up FCF

·        PGM prices on the move again last night on Norilsk suspension of 2 mines due to operational problems. No duration guided but we understand these produce as much as 10% global palladium & rhodium supply (& 5% plat).

·        SSW: reminder MSCI FIF upweight tmrrw cob (0.95x from 0.85x).

·        WHL: 1H Adjusted HEPS +19.4%, within guidance. No dividend declared. Group sales +5.3% and -0.5% in constant currency terms. This reflects improved trading momentum across all businesses  over the final six weeks of the reporting period.

 

 SOUTH AFRICAN NEWS:

Expect JSE AllShare +1%. 

·        From SA close yday, S&P +1.5% (futs +1.7%), gold +14$ ($1800), plat +$21 ($1270), pall +$74 ($2437), copper +3.8% ($4.35/lb), Brent crude +1.5% ($67.39), Dalian iron +2.9% (172=spot $/t), Singapore iron +2.2% ($170), Dalian coking coal unch, BHP parity +3.5%, USDZAR +0.8% (14.49), Tencent +2% (HKD700 ).

·        Also due today: 11:30AM: PPI MoM

·        IMP H1, DSY H1, WHL H1, JSE FY, DGH H1, KAP H1,

 

TODAYS KEY DATA POINTS:

 

Global data – today

·        11:00AM:EC M3 Money Supply, EC Consumer Conf

·        03:30PM US Initial Jobless Claims, US 4Q GDP

Global data – week ahead  

·        Fri (Feb 26): France PPI, France CPI, German Retail Sales

·        Mon (Mar 1): UK Markit PMI Manu, German CPI, France Markit PMI Manu, US ISM Manuf

·        Tues (Mar 2): German Unemployment, EC CPI

SA – week ahead

·        Fri (Feb 26):M3 Money Supply, Trade Balance, Private Sector Debt, MNK Q3, CLH H1, BLU H1

·        Mon (Mar 1): Absa Manuf PMI, MST H1, DST H1, HYP H1

·        Tues (Mar 2): RCL H1, SHG FY, FVT H1, SUR H1, WBO, H1

·        Weds (Mar 3): Standard Bank PMI, RBP FY, CSB H1, ARI, H1

·        Thurs (Mar 4): Electricity Consumption, MTM H1, SAC FY, FSR H1, SNT FY

 

 

 


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