Validea South Africa: Ratings Changes - Guru Upgrades and Downgrades

Ticker	Company	Strategy	Guru Based On	Date of Change	Old	New
IPL	IMPERIAL LOGISTICS LTD	Book/Market Investor	Joseph Piotroski	8/20/2019	Some Interest	No Interest
TDH	TRADEHOLD LTD	Low PE Investor	John Neff	8/20/2019	No Interest	Some Interest
DLT	DELTA PROPERTY FUND LTD	Earnings Yield Investor	Joel Greenblatt	8/20/2019	Some Interest	Strong Interest
AEE	AFRICAN EQUITY EMPOWERMENT INVESTMENTS LTD	Book/Market Investor	Joseph Piotroski	8/20/2019	No Interest	Some Interest
TBG	TISO BLACKSTAR GROUP SE	Earnings Yield Investor	Joel Greenblatt	8/20/2019	No Interest	Strong Interest
BWZ	BRAINWORKS LTD	Earnings Yield Investor	Joel Greenblatt	8/20/2019	No Interest	Strong Interest
APH	ALPHAMIN RESOURCES CORPORATION	Earnings Yield Investor	Joel Greenblatt	8/20/2019	No Interest	Some Interest
TRU	TRUWORTHS INTERNATIONAL LTD	Value Investor	Benjamin Graham	8/17/2019	Some Interest	Strong Interest
TRU	TRUWORTHS INTERNATIONAL LTD	P/E/Growth Investor	Peter Lynch	8/17/2019	No Interest	Strong Interest
EOH	EOH HOLDINGS LTD	Earnings Yield Investor	Joel Greenblatt	8/17/2019	No Interest	Some Interest
MLE	METTLE INVESTMENTS LTD	Contrarian Investor	David Dreman	8/17/2019	No Interest	Some Interest
ABG	ABSA GROUP LTD	P/E/Growth Investor	Peter Lynch	8/17/2019	No Interest	Some Interest
CAT	CAXTON CTP PUBLISHERS AND PRINTERS	Contrarian Investor	David Dreman	8/16/2019	No Interest	Some Interest
OAS	OASIS CRESCENT PROPERTY FUND	Small-Cap Growth Investor	Motley Fool	8/16/2019	Some Interest	No Interest
SNV	SANTOVA LTD	P/E/Growth Investor	Peter Lynch	8/16/2019	No Interest	Some Interest
VUN	VUNANI LTD	Book/Market Investor	Joseph Piotroski	8/16/2019	No Interest	Some Interest
KAP	KAP INDUSTRIAL HOLDINGS LTD	Book/Market Investor	Joseph Piotroski	8/16/2019	No Interest	Some Interest
L4L	LONG4LIFE LTD	Earnings Yield Investor	Joel Greenblatt	8/16/2019	Some Interest	No Interest
ORN	ORION MINERALS LIMITED	Earnings Yield Investor	Joel Greenblatt	8/16/2019	No Interest	Strong Interest
MTA	METAIR INVESTMENTS LTD	Small-Cap Growth Investor	Motley Fool	8/15/2019	No Interest	Some Interest
CAT	CAXTON CTP PUBLISHERS AND PRINTERS	P/E/Growth Investor	Peter Lynch	8/15/2019	No Interest	Strong Interest
ACT	AFROCENTRIC INVESTMENT CORPORATION LIMITED	P/E/Growth Investor	Peter Lynch	8/15/2019	No Interest	Strong Interest
MIX	MIX TELEMATICS LTD	Small-Cap Growth Investor	Motley Fool	8/15/2019	No Interest	Some Interest
TTO	TRUSTCO GROUP HOLDINGS LTD	P/E/Growth Investor	Peter Lynch	8/15/2019	No Interest	Some Interest
EFG	EFFICIENT GROUP LTD	Small-Cap Growth Investor	Motley Fool	8/15/2019	Some Interest	No Interest
KAP	KAP INDUSTRIAL HOLDINGS LTD	P/E/Growth Investor	Peter Lynch	8/15/2019	Some Interest	No Interest
CRP	CAPITAL & REGIONAL PLC	Book/Market Investor	Joseph Piotroski	8/15/2019	Some Interest	No Interest
UPL	UNIVERSAL PARTNERS LTD	Earnings Yield Investor	Joel Greenblatt	8/15/2019	No Interest	Strong Interest
TBG	TISO BLACKSTAR GROUP SE	Book/Market Investor	Joseph Piotroski	8/15/2019	No Interest	Strong Interest
AWA	ARROWHEAD PROPERTIES LIMITED	Book/Market Investor	Joseph Piotroski	8/15/2019	No Interest	Some Interest
IAP	INVESTEC AUSTRALIA PROP FD	Book/Market Investor	Joseph Piotroski	8/15/2019	No Interest	Some Interest
OMN	OMNIA HOLDINGS LTD	Book/Market Investor	Joseph Piotroski	8/14/2019	No Interest	Some Interest
APN	ASPEN PHARMACARE HOLDINGS LTD	Low PE Investor	John Neff	8/14/2019	Some Interest	No Interest
CLS	CLICKS GROUP LTD	Earnings Yield Investor	Joel Greenblatt	8/14/2019	No Interest	Some Interest
ITU	INTU PROPERTIES PLC	Book/Market Investor	Joseph Piotroski	8/14/2019	No Interest	Some Interest
DSY	DISCOVERY LTD	P/E/Growth Investor	Peter Lynch	8/14/2019	No Interest	Some Interest
SEP	SEPHAKU HOLDINGS LTD	Earnings Yield Investor	Joel Greenblatt	8/14/2019	No Interest	Some Interest
CSG	CSG HOLDINGS LTD	Book/Market Investor	Joseph Piotroski	8/14/2019	Some Interest	No Interest
CRP	CAPITAL & REGIONAL PLC	Earnings Yield Investor	Joel Greenblatt	8/14/2019	Strong Interest	No Interest
SSS	STOR-AGE PROPERTY REIT LTD	Earnings Yield Investor	Joel Greenblatt	8/14/2019	No Interest	Strong Interest
AYO	AYO TECHNOLOGY SOLUTIONS LTD	Earnings Yield Investor	Joel Greenblatt	8/14/2019	No Interest	Strong Interest
OMU	OLD MUTUAL LTD	Earnings Yield Investor	Joel Greenblatt	8/14/2019	No Interest	Some Interest
ZCL	ZARCLEAR HOLDINGS LTD	Earnings Yield Investor	Joel Greenblatt	8/14/2019	No Interest	Strong Interest
VLE	VALUE GROUP LTD	Small-Cap Growth Investor	Motley Fool	8/13/2019	Some Interest	No Interest
ACT	AFROCENTRIC INVESTMENT CORPORATION LIMITED	Earnings Yield Investor	Joel Greenblatt	8/13/2019	No Interest	Strong Interest
RLF	ROLFES HOLDINGS LTD	Value Investor	Benjamin Graham	8/13/2019	Some Interest	Strong Interest
DLT	DELTA PROPERTY FUND LTD	Book/Market Investor	Joseph Piotroski	8/13/2019	No Interest	Some Interest
RMI	RAND MERCHANT INV HLDGS LTD	P/E/Growth Investor	Peter Lynch	8/13/2019	No Interest	Some Interest
TPF	TRANSCEND RESIDENTIAL PROP FD LTD	Earnings Yield Investor	Joel Greenblatt	8/13/2019	No Interest	Strong Interest
CLS	CLICKS GROUP LTD	Patient Investor	Warren Buffett	8/9/2019	Some Interest	Strong Interest