Anglo resumes dividend

We went short on the ALSI this morning and have closed half of the position for a tidy profit.

We'll let the other half of our position run, or if the market turns around again, execute our stop loss for a free trade.





Results this morning from Anglo American stating that net profit slumped 31%. A dividend of 0.25c or R1.83 was declared, but is lower than an expected dividend of R3.00.

The market reacted to this driving the price down almost 2% from yesterday's close of 29590.

The markets are awaiting news from the US with their GDP numbers out at 14:30 to give the market some direction. An figure of 2.6% growth is expected.

We are currently watching from the sidelines to see how the markets react to the GDP figure later this afternoon.

Safe trading