Today’s SENS at a Glance: Tiger, Redefine Int, ArcelorMittal, in spotlight

SENS AT A GLANCE 

Wednesday, 19 November

• Tiger Brands results for year to end September: HEPS +11%,divi raised 9% to 940cps for the year (final of 611c). Nigerian losses fall from 2013's R384m to R282m. Further impairment of R105m on Nigerian acquisition bringing total write-off to date on the Dangote Flour Mills acquisition to R954m. Results presentation available at tigerbrands.com. (Mkt cap: R72.5bn)

• Growthpoint Properties announced the retirement of Colin Steyn. Steyn has served as a Non-Executive Director since his appointment in September 2001, extending his support to a number of committees including his Chairmanship of the Audit Committee until November 2013. (Mkt Cap: R61.28bn)

• Redefine International's 3% subsidiary Redefine BDL has become Europe's largest manager of InterContinental Hotels after appointed to run portfolio of 22 properties with 6000 rooms and annual turnover of R3.6bn. (Mkt cap: R37.1bn)

• ArcelorMittal reports "unforeseen delays" in recommissioning the blast furnace at its Newcastle plant. The reline, one of the group's biggest investments in SA, was concluded at end October. (Mkt cap: R14.3bn)

• Metrolfile Holdings has announced the immediate reduction of its dividend cover to 1.75 times; as well as the implementation of a policy of acquiring sufficient shares through the market on an ongoing basis to the meet the requirements of the Group's long term incentive schemes. The announcement follows the commitment by the Board in June 2013 to maintain interest bearing debt levels in excess of 1.5 times EBITDA. Metrolfile added to its announcement that it is highly cash generative and that borrowing levels are below target. Metrolfile's share price is up on the day. (Mkt cap: R1.96bn)

• Austro Group (soon to be enX Group) results for the year to end August: Adjusted HEPS +67% to 8.7c. No dividend declared. Former Barlows CEO Tony Phillips resigned yesterday as chairman, replaced by Steven Joffe. Acquisition price of Centlube to rise by R16m after it secured distribution rights for Mobil lubricants in SA. (Mkt cap: R731m)

• Keaton Energy interims to end September: HEPS down from 19.4c to 13.7c. Revenue +10% on total coal sales +7% to 1.45mt. Repeats forecast of becoming a 5mt producer in the "medium term." Delays reported in planning for new Moabsvelden colliery due to regulatory issues. (Mkt cap: R561m)
• Former SARS Commissioner Oupa Magashula has resigned as a director of Firestone Energy with immediate effect. (Mkt cap: R248m)

• Ansys Limited has released a trading statement announcing that it expects its loss and headline loss per share for the six month period ended on 31 August 2014 to decline by more than 50% compared to the previous period. (Mkt cap: R110.19m)