Daily Market Blog: 35 billion Euros of green bottles on the wall

15-SEP-14

"Hear ye, hear ye. In the case of the Woolworths rights issue, there seems to be a little confusion about the timelines and what is it that shareholders must do. Not last Friday, but the Friday before (the 5th of September), if you owned 100 Woolworths shares, you qualified for the right to purchase another 22 at 59.5 in the rights issue. The share went ex (without) the rights last Monday. Meaning that if you bought them from Monday last week onwards, you would have bought them effectively with all the extra shares in issue. In other words, all new Woolworths shareholders would have bought them undiluted already.

The rights issue is open and what that means is that the cash and shares have not flowed yet. If you are following your rights, you obviously need to stump up the necessary cash in order to buy the extra shares in that ratio above."







To market, to market to buy a fat pig. Market managed to eke out a marginal gain on Friday, that is here that is. In the US the close was lower, stocks sank a little, the broader market ended the session off 0.6 percent on the day. Over the weekend there was news from the 2nd largest economy on the planet, China, that was not exactly favourable for equity markets sending them to the lowest level in five odd weeks. What news, what data? Factory output numbers, which were the worst in around 6 odd years, prompting officials in China to talk more about stimulus.

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Stocks which we currently recommend

Amazon.com is the world's leading online retailer.

Apple is global leader in tablet and smartphone technology.

Aspen is a rising global star in generic pharmaceuticals.

BHP Billiton is the world's largest industrial commodity mining company.

Bidvest is a diversified services company, which may re-organise its portfolio.

Cerner provides IT solutions in the healthcare industry.

City Lodge is a growing mid-priced hotel group in urban areas of SA.

Discovery is a healthcare services administrator and life insurer.

Famous Brands is SA's largest quick-service restaurant group.

General Electric is a diversified investment holding company.

Google is the world's biggest search engine and online advertising platform.

Johnson & Johnson is the largest consumer healthcare and pharma company.

L'Oreal is a world leader in the manufacturing and sale of beauty products.

Luxottica is the world's largest branded sunglass maker and retailer.

MTN Group is an emerging markets mobile telecoms giant.

Massmart is a big-box discount retailer in Africa, now 51% owned by Wal-Mart.

Mediclinic owns hospitals in SA, the UAE and Switzerland.

Naspers is an in emerging markets company focussed on digital TV & Internet.

Nike is a global designer and retailer of sporting equipment.

Omnia is a fertiliser and explosives producer.

Richemont is a luxury brands company expanding in Asia.

Sasol is a global player in chemicals and fuels technology.

Starbucks is a roaster, marketer and retailer of coffee.

Stryker makes hip and knee joint replacements and hospital beds.

Tiger Brands is a basic and branded food producer, expanding through Africa.

Visa is a global payments technology company.

Woolworths is SA's leading organic food retailer & clothing business.

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