Newpark was registered and incorporated as a public company on 7 December 2015. Newpark is a property holding and investment company that through its subsidiaries is invested in high-quality properties. Newpark’s investment strategy is to seek well-located prime commercial, industrial and retail properties in South Africa, which provide a high-quality, sustainable earnings base with the potential for capital appreciation within the medium to long-term. The JSE granted Newpark a listing of all of its issued shares on the JSE in the “Diversified REITs” sector of the AltX of the JSE under the abbreviated name: “Newpark”, JSE share code: NRL and ISIN: ZAE000212783 with effect from 3 February 2016.
It’s been a while since we checked in on commodity markets, which, like other markets, are having quite the interesting year. In particular, gold continues its march upward, while oil remains in a slump. As for the rest, most have been up and down and ended up close to where they were a year ago. By the end, you’ll see why gold stocks still look cheap despite these record prices — and why oil stocks, oddly enough, look expensive even as crude declines.
The market has climbed 1.8% in the last 7 days, lead by the Materials sector with a gain of 4.7%. In contrast, the Healthcare sector is lagging, dropping 4.9%. As for the past 12 months, the market is up 21%. Looking forward, earnings are forecast to grow by 17% annually. Market details ›