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Amplats results are going to be better

As expected, we are going to start to see some of the trading updates of the Anglo stable companies, this first one was from Amplats yesterday. The release says that "Headline earnings per share ("HEPS") for the period is expected to increase to between 480 cents and 535 cents from 273 cents reported for the six months ended 30 June 2012." Sounds a lot better. Due to what? Well, the weaker Rand did benefit them, but there were also higher sales volumes which sounds encouraging. Results expected Monday next week. We will do a detailed write up then.


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