| Dis-Chem's shares slumped 15.5% when the market opened yesterday as investors reacted to the trading statement it released after the close of trade on Friday. Despite a number of once-off costs - including those associated with a strike that ended earlier this year - the market clearly expected better given the demanding price to earnings multiple it trades on. In comparison, Shoprite and Rhodes Food Group rose strongly in early trade after they updated shareholders on their latest performances, with both companies reporting a recovery from previous comparatively weak positions. More on those stories in today's newsletter, along with results from Redefine Properties and Delta Property Fund. In HCA Trading Plan, Petri Redelinghuys considers three short-term trades in a volatile market. And in The Week Ahead, Chris Gilmour casts an eye back at some of the news that's influenced the markets over the past week and what to watch out for in the days ahead. Among the many players who have tried to jump on the fast moving digital currency/payment train, My-iMali Mobile Money has developed a unique platform and go-to-market strategy that Bridge believes will catapult them to the front of a noisy pack (that includes multiple initiatives from the banking and telco community). While others have spent their marketing dollars on selling virtual money services and products to consumers and subscribers, My -iMali has built a product for a much more robust market - the upstream employer who currently shoulders the expense and administrative complexity of paying staff weekly or monthly. This is why we recommend them as an exciting high-growth small company with potential for big returns. Click here if you would like to find out more. Finally, don't forget Strauss & Co's November sale will be held at their Houghton offices next Monday. The summer sale will focus collectors' attention on the strong influence Paris exerted on South African art throughout the twentieth century. The top three lots in the upcoming sale are by Alexis Preller, William Kentridge, and Penny Siopis, highly acclaimed artists who each spent time in Paris early in their careers. Strauss & Co executive director Susie Goodman says Paris was a beacon for countless South African artists, the first of whom to study in Paris was Robert Gwelo Goodman, in 1895. Follow this link for the online catalogue. Have a good day. Stephen Gunnion Managing Editor, InceConnect
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