Stay bang up-to-date with share price moving announcements through SENS

Julie Brownlee, Fsp Invest, 14 May. 2015

Tags: sens, what is sens, jse sens, share price, company announcements, listed company announcements, stock market,

When a company decides to list on a stock market like the Johannesburg Stock Exchange (JSE), it has to adhere to a number of rules and regulations.

One of the requirements of a listed company is it must keep its shareholders and the market up-to-date with any developments that could have an effect on its share price.

To fulfil this requirement, listed companies on the JSE do this via SENS.

So what is SENS? And what effect can information published on this have on a company’s share price?

Read on to find out…

What is SENS?

SENS is the Stock Exchange News Service. This is the system the JSE uses for all listed companies to make announcements.

You can view SENS announcements for all listed companies on many financial websites, online stock brokers and the respective company’s website.

A company shouldn’t make any information public before announcing it through SENS.

So what sort of things do companies publish via SENS?

You can expect to see:

Company financial statements
This is a company’s financial results. They’re usually interim results (for the first six months of the company’s financial year) and full-year results.

Advance notice of material changes to expected earnings and revenues
If a company’s results are going to be vastly different to its forecasts (for the better or for the worse), it has to tell the stock market.

Directors’ dealings in company shares
Whenever a company director buys or sells shares.

Cautionary announcements relating to negotiations which might affect the share price
This includes if a company bids for another one, or another company is trying to buy it.

The information in SENS announcements can move share prices

The release of any of the information detailed above can move a company’s share price.

In many instances, it’s down to the release of financial results. For instance, if a company’s results are better than forecast, the share price might rise as investors buy up shares.

A good example of this happened yesterday. Mondi released better than expected results for its first quarter through SENS. Its share price rose strongly on the news.

If you’re interested in investing in a company, you should have a look through the most recent announcements. This will give you a lot of vital information.

So there you have it. Stay bang up-to-date with share price moving announcements through SENS.

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