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jaDEB, some thingies on Tencent to keep in mind.

Yet Facebook's significant move up wasn't the biggest stock-market hit among the world's 20 most valuable tech firms.

Year-end stock market data point to the two most valuable winning stories of 2014 for tech investors.

The first was the relative strength of dividend-paying stocks such as Apple, Intel, Hewlett-Packard, Cisco Systems and Microsoft.

The second was a marked shift in value away from U.S. Internet firms (other than Facebook) and toward their Chinese rivals.

Shares of China’s Internet conglomerate Tencent Holdings (0700.HK/TCEHY) has fallen about 15% since its mid-November high.

Unlike Facebook (FB), which generates over 90% of its revenue from selling ads, Tencent makes most of its money from Internet games. But revenue growth from mobile games has slowed in the third quarter last year.

Don’t worry. Instead of mobile gaming, mobile performance ads will be Tencent’s next revenue growth driver, according to J.P. Morgan‘s Alex Yao and Yong Wang, who upgraded Tencent from Hold to Buy with a new price target of 160 Hong Kong dollars. Tencent’s shares rose 3.4% upon the upgrade, recently trading at HK$117.20. J.P. Morgan’s price target represents another 36.5% upside

With the popular messaging app WeChat, Tencent is China’s answer to social network. The bank estimates Tencent’s performance-based ad revenue to account for 14% of Baidu (BIDU) and Alibaba‘s (BABA) combined ad revenue in 2017, in line with Facebook, which generated roughly 15% of Google‘s (GOOGL) ad revenue in the U.S. in 2013. J.P. Morgan now expects advertising revenue to increase from 11% of total revenue in 2014 to 25% in 2017.

Since J.P. Morgan believes mobile ads will contribute to Tencent’s earnings “meaningfully in the next two to three years,” Tencent has become cheap trading at 18 times their 2016 earnings estimates. The HK$160 price target is based on their 2016 estimate of HK$6.33, annual earnings growth of 22% from 2016 to 2018, and 1.15x PEG ratio

SAB - Giggsie
CFR -
ZARCHF -

Current P/E Ratio (ttm)    95.1606
Estimated P/E(03/2015)    53.8875

I think they are basically halving there PE ratio in the years to come. Hence that why people are willing to pay now at High PE. And my understanding is that u actually paying for Tencent, the others u get free... Dstv and so on.

Mr Bond, if u wanna buy some awesome music, this is nice.

Sibanye Gold Limited
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye” or “the Company”)

OPERATING UPDATE FOR THE QUARTER AND YEAR ENDED 31 DECEMBER 2014 AND
GUIDANCE FOR THE YEAR ENDING 31 DECEMBER 2015

Westonaria 27 January 2015: Sibanye (JSE: SGL & NYSE: SBGL) advises shareholders
that record production of 14,079kg (452,700oz) was achieved for the
quarter ended 31 December 2014. Total cash cost and All–in cost for the quarter will
be approximately R285,000/kg (US$790/oz) and R375,000/kg (US$1,040/oz)
respectively.

Gold production for the year ended 31 December 2014 was in line with guidance at
49,432kg (1.59Mozs). This is despite the loss of over 500kg due to the underground fire
at Driefontein early in the year and the ESKOM load shedding in the latter half of the
December quarter. Total cash cost for the year of approximately R295,000/kg
(US$850/oz) and All-in cost of approximately R376,000/kg (US$1,080/oz) are also in
line with previous guidance. Capital expenditure of R3.3 billion (US$300 million) was
marginally lower than guidance. The average exchange rate for 2014 was
R10.82/US$.

The Kloof, Driefontein and Beatrix operations produced 45,127kg (1.45Mozs) of gold
for the year, which was just over 1% higher than in 2013. The Cooke Operation
contributed 4,305kg (138,400oz) during the seven months of incorporation in
Sibanye, with the build-up progressing slower than anticipated.                   This
underperformance occurred primarily at Cooke 4 shaft, resulting in the initiation of a
Section 189 restructuring process.

Uranium production from the Cooke Operation continued uninterrupted from May
2014, resulting in a stockpile of approximately 180,000lbs at year-end. Uranium
production costs for the December quarter averaged approximately US$24/lb.

Gold production guidance for the year ending 31 December 2015 is forecast to be
between 50,000kg and 52,000kg (1.61Moz and 1.67Moz). Total cash cost is forecast
at between R305,000/kg (US$850/oz) and R315,000/kg (US$875/oz). All-in sustaining
cost is forecast to be between R380,000/kg (US1,055oz) and R395,000/kg
(US$1,100/oz), with All-in cost forecast to be between R385,000/kg (US$1,070/oz) and
R400,000/kg (US$1,110/oz). Approximately 250,000lbs of by-product uranium
production is forecast.

Capital expenditure is planned to increase by 10% to R3.6 billion (US$320 million),
largely due to an increase in expenditure on projects to extend the operating lives
of the mines and on growth projects such as Burnstone. Dollar estimates for 2015 are
based on an average annual exchange rate of R11.20/US$.

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
Interest Rate Issuer code: DRDI
ISIN: ZAE000058723
Issuer code: DUSM
NYSE trading symbol: DRD
(“DRDGOLD”)


R23 MILLION ERGO PLANT UPGRADE TO INCREASE TREATMENT CAPACITY: FEASIBILITY STUDY COMPLETED


DRDGOLD shareholders are advised that a feasibility study has been completed for a
R23 million upgrade of its Ergo plant to effect an increase in treatment capacity by
300 000 tonnes per month (tpm) to a total of 2.1 million tpm.

The feasibility study envisages refurbishment and re-commissioning of five tanks within the Ergo
plant’s existing carbon in leach circuit, initially in order to treat the 21 million tonne Van Dyk
tailings dam resource.

The project would be funded from additional internal cash flows from the retreatment of the Van
Dyk dam and breaks even at a gold price of R384 000 per kilogram.

The project is expected to be completed by September 2015.

Gold R/kg   10:22   R461 742

Intention to list Novus Holdings Limited on the JSE Limited

NASPERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
Share code: NPN ISIN: ZAE000015889
(“Naspers” or “the Group” or “the Company”)


   
INTENTION TO LIST NOVUS HOLDINGS LIMITED (FORMERLY PAARL MEDIA GROUP PROPRIETARY LIMITED) (“NOVUS”)
ON THE JSE LIMITED ("JSE")


Rationale

Media24 Holdings (Proprietary) Limited (“Media24”), a subsidiary of Naspers, has applied for a JSE listing
of Novus, a subsidiary of Media24. With an ever growing percentage of Novus’s work now coming from
third parties, and Novus’s continued diversification of its revenue streams, it is appropriate to list Novus
on the JSE. The listing will be effected via a private placement of Novus shares held by Media24.
Media24 will remain the majority shareholder of Novus.

Overview of Novus

Novus is a leader in the printing and manufacturing sectors. It operates eleven specialised printing plants
and one tissue plant across South Africa and provides a comprehensive range of products and services
nationally, as well as in other parts of Africa. In the financial year ended 31 March 2014 Novus achieved
revenues of R3,969 million and an operating profit R649 million.

Additional information

Novus will issue press releases with additional information in respect of the listing in due course. It is
expected that the listing will take place during March 2015.


Cape Town
18 February 2015

Portfolio Update : -

Mine

100% NPN

Mine/Brother Darrel/Other Brother Darrel.

100% AVL (@R2.05)