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16-Oct-2017
(C)
09-Oct-2017
(Official Notice)
Calgro advised shareholders that the company?s Headline earnings per share (?HEPS?) for the six months ending 31 August 2017, is expected to be 47.71 cents per share compared to 65.13 cents per share reported in the previous corresponding period. This equates to a decrease of 26.74%.



Earnings per share (?EPS?) for the six months ending 31 August 2017, is expected to be 47.71 cents per share compared to 65.11 cents per share as reported in the previous corresponding period. This equates to a decrease of 26.72%.



The Group?s profit after tax was impacted by the construction of units for the AFHCO Calgro Consortium (Pty) Ltd. (REIT JV), in which Calgro has a 49% shareholding. The Group?s shareholding in the REIT JV has resulted in 49% of the development profit (construction and other services) being eliminated on consolidation as an unrealised profit, as prescribed by International Financial Reporting Standards (IFRS). This unrealised profit is carried on the balance sheet until it realises in future financial years, once the units are completed, tenanted and the portfolio has been revalued.



The interim results for the six months ended 31 August 2017 are expected to be released during the week of 16 October 2017.
30-Jun-2017
(Official Notice)
Shareholders are advised that at the Company?s annual general meeting of shareholders held on Friday, 30 June 2017, all the resolutions as set out in the notice of annual general meeting, were duly approved by the requisite majority of Calgro M3 shareholders present and voting, in person or by proxy.



Details of the results of voting at the annual general meeting are as follows:

*Total number of issued ordinary shares: 147 044 518

*Total number of issued ordinary shares net of treasury shares (?Total Votable Ordinary Shares?): 136 618 700

*Total number of issued ordinary shares which were present/represented at the annual general meeting: 115 005 511 being 84.18% of the Total Votable Ordinary Shares.



26-May-2017
(Official Notice)
Shareholders are advised that the Company?s integrated annual report containing the audited annual financial statements for the year ended 28 February 2017 as well as the notice of annual general meeting, have been distributed to shareholders and are available on the Company?s website hosted at www.calgrom3.com. The annual financial statements are unchanged from the audited results which were published on SENS on 15 May 2017.



Annual general meeting

The annual general meeting of shareholders will be held on Friday, 30 June 2017 at 10:00, at the Calgro boardroom, Calgro Building, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston. The last date to trade in order to vote at the annual general meeting is Tuesday, 20 June 2017 and the record date is Friday, 23 June 2017.
15-May-2017
(C)
08-May-2017
(Official Notice)
17-Oct-2016
(Official Notice)
Mr Ben Pierre Malherbe will step down as Chief Executive Officer of the Company on 28 February 2017 and will be appointed as a Non-executive Director with effect 1 March 2017.



Mr Willem (Wikus) Jakobus Lategan has been appointed by the Board to replace Mr Malherbe as Chief Executive Officer with effect from 1 March 2017. Mr Lategan was appointed Financial Director in August 2008, and was promoted to Managing Director on 1 June 2015. The position of Managing Director was created as part of the succession plan and will now fall away.



Mr Manda Nkuhlu will join the board as an Executive Director of the Company with effect from 1 March 2017. Mr Nkuhlu joined the Company on 1 September 2014 with extensive knowledge and experience in the residential property development sector. He was appointed as a member of the Company?s executive committee on 1 May 2015, as part of the succession plan.



The above moves are part of our carefully crafted succession trajectory.
17-Oct-2016
(C)
Revenue for the interim period jumped to R720.2 million (2015: R573.2 million), gross profit increased to R180.9 million (2015: R119 million), operating profit nearly doubled to R114.4 million (2015: R62.7 million ), while profit after taxation and other comprehensive income attributable to owners of the parent was slightly lower at R82.8 million (2015: R84.2 million). Furthermore, headline earnings per share decreased to 65.13 cents per share (2015: 66.25 cents per share).



Dividends

The board of directors has resolved not to declare a dividend for the reporting period. The board is of the opinion that available cash should be retained in the Group to fund the steep growth phase that the Group is in.
07-Oct-2016
(Official Notice)
Calgro M3 wishes to advise shareholders that the company?s headline earnings per share (?HEPS?) for the six months ended 31 August 2016 is expected to be between 63.60 cents per share and 65.59 cents per share, compared to HEPS of 66.25 cents per share reported in the previous corresponding period, equating to a decrease of between 1% and 4%.



Earnings per share (?EPS?) for the six months ended 31 August 2016 is expected to be between 63.60 cents per share and 65.59 cents per share compared to 66.25 cents per share reported in the previous corresponding period, equating to a decrease of between 1% and 4%.



For the period under review the Group increased its activity in integrated development sales to the private sector, as public sector spending retracted in the run-up to the local elections. The focus on the private sector has also ensured sustainability and diversification. Management views the Group?s variable costing model as key to reducing risk in these uncertain times. Attention was placed on cash preservation, and creating long-term investment opportunities, that will complement and ensure sustainable growth of the development business.



Calgro M3 expects the South African economy to remain subdued and so too consumer spending. With increased development construction as a result of the Group?s new REIT investment, as well as new infrastructure to commence in the second half of the year, the Group has committed to assist South Africa not only in eradicating the housing backlog, but also to ensuring job creation which in turn will drive economic growth.



The financial information on which this trading statement is based has not been reviewed or reported on by the company?s auditors.



The company anticipates publishing its results for the period ending 31 August 2016 on or about 17 October 2016.





29-Aug-2016
(Official Notice)
01-Jul-2016
(Official Notice)
Shareholders are advised that at the Company?s annual general meeting of shareholders held on 1 July 2016, all the resolutions as set out in the notice of annual general meeting, were duly approved by the requisite majority of Calgro M3 shareholders present and voting, in person or by proxy.
02-Jun-2016
(Official Notice)
Calgro M3 Developments Ltd has publicly released its Audited Annual Financial Statements for the full year ended February 2016.



The Annual Financial Statements will be available on the company?s website at the following link www.calgrom3.com/investor-relations/financial- results and at the company?s registered office at Calgro M3, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston, 2191 for inspection with immediate effect



13-May-2016
(Official Notice)
Calgro M3 wishes to announce that one of the founding members of the company, Hendrik Brand Malherbe has resigned from the notice of resignation employ with effect 31 August 2016 to further his farming interests. Although Mr HB Malherbe has not been a director of a major subsidiary company or associate of the company for the past two years, his know-how, expertise and dedication to the Company will be missed. Mr HB Malherbe has served the company with enthusiasm and distinction and his contribution to the company as Head of the Affordable Housing Division has been immense.

11-May-2016
(Official Notice)
Calgro M3 announces the appointment of Ms Itumeleng April as Company Secretary with effect from 11 May 2016.
11-May-2016
(C)
09-May-2016
(Official Notice)
19-Apr-2016
(Official Notice)
Calgro M3 advises shareholders that the company?s Headline earnings per share (?HEPS?) for the 12 months ending 29 February 2016, is expected to be between 128.00 cents per share and 149.94 cents per share compared to 109.69 cents per share reported in the previous corresponding period. This equates to an increase of between 16.69% and 36.69%.



Earnings per share (?EPS?) for the 12 months ending 29 February 2016, is expected to be between cents 141.31 cents per share and 164.24 cents compared to 114.65 cents per share as reported in the previous corresponding period. This equates to an increase of between 23.25% and 43.25%.



The differences in HEPS and EPS is due to a fair value adjustment that originated from the buyout of the minority shareholders (30%) in the Fleurhof project, as was announced on SENS on 26 February 2016. Shareholders are reminded that in 2015, the remaining 26% of the Summerset project was bought back by Calgro M3.



The company did not undertake any further corporate action during the current 12 months when compared to the prior year.



The financial information on which this trading statement is based has not been reviewed or reported on by the company?s auditors.



The final results for the year ended 29 February 2016 are expected to be released during the week of 9 May 2016.



10-Mar-2016
(Official Notice)
Shareholders are advised that Juba Statutory Services (Pty) Ltd, represented by Mrs Sirkien van Schalkwyk has resigned as the company secretary with effect from 9 March 2016.



The company has commenced the process to appoint a new company secretary and will advise the market in due course.

26-Feb-2016
(Official Notice)
14-Dec-2015
(Official Notice)
Calgro M3 announced the following change to the company?s Board of Directors:



In accordance with the notice issued by the company on 11 May 2015, Mr John Gibbon will resign his post as Non-Executive Director with effect from 1 January 2016. Mr Gibbon was appointed to the Board of Directors of the company on 1 November 2008 and has served the company with enthusiasm and distinction. His contribution to the company as Non-Executive Director has been immense and the Board wishes him well with his well deserved retirement.



Ms Venete Klein CD (SA) is appointed as an independent Non-Executive Director with effect from 1 January 2016. Ms Klein has in excess of 30 years? experience as a senior executive in the financial services industry. Amongst her directorships were appointments as Executive Director of Absa Retail Bank and Retail Business Bank, Ecobank Transnational, and appointments as Non- Executive Director of Post Bank SA, AllPay Consolidated Investment Holdings, Absa Trust, Absa Brokers, National Business Initiative, The Banking Association of South Africa, Ombudsman for Banking Services, ACSIS Wealth Managers and The South African Bureau of Standards. She was also a trustee of The Community Impact Trust.



Ms Klein is currently one of the Governors of Chartered Directors South Africa, the Chairperson of the Institute of Directors of South Africa, a Non-Executive Director on the boards of The South African Reserve Bank, ESKOM, Old Mutual Wealth and PG Group Holdings, and a Trustee of the SANDF Education Trust. Ms Klein also serves on a number of audit, risk, social - ethics and remuneration committees of the boards of directors that she serves on.



Ms Klein?s vast experience in the financial services industry combines neatly with her solid knowledge of governance with deep rooted business principles, which places her in a position to add significant value to the Board.
13-Oct-2015
(Media Comment)
Business Report highlighted the new business venture by Calgro M3 Holdings, focusing on the development of private memorial parks, was expected to make some contribution toward the listed affordable housing developer's year-end financial results. Calgro chairman Ben Pierre Malherbe stressed that setting up a new business concept and changing market perceptions took time. Mr Malherbe added that burials to date were all well managed and it is expected that sales will gain momentum towards the end of the financial year. The memorial parks project was founded by Calgro on the principle of using group-owned land parcels not suitable for residential development, while at the same time derisking the group from its dependence on power utilities for the provision of power.
12-Oct-2015
(C)
Revenue for the interim period increased to R573.2 million (R412.1 million). Gross profit climbed to R119.0 million (R82.7 million). Operating profit rose to R62.7 million (R57.2 million). Profit attributable to equity holders grew to R84.2 million (R71.1 million). Furthermore, headline earnings per share jumped to 66.25cps (50.97cps).



Dividend

No dividends have been declared for the period. The Board is of the opinion that the Group must continue to retain cash to maintain the present growth and create shareholder value.



Prospects

Trading conditions in the construction and development sector remained challenging, with uncertainty surrounding the micro/macro-economic environment, economic growth, a potential recession and higher inflation and interest rates. The National Department of Human Settlements, however, recently launched its new Catalytic Housing project implementation plan, which should assist in alleviating some of the challenges experienced by the sector. The construction of units for Public Sector and strong end- user sales in the FLISP, GAP and Affordable markets are all contributing towards making integrated developments, based on Private Public Partnerships, successful. The Group is also currently investigating other opportunities in the residential market, outside the public sector. The Group is well positioned to capitalise on numerous opportunities and will aim to continuously grow the secured pipeline in the next six months. Together with converting the current pipeline, the Group will also focus on expanding its sustainable and diversified pipeline, stretching beyond five years, while retaining its core focus on the residential market.



With the Group?s first memorial park launched, and the first burials done, the Group views this as a long term, sustainable solution to create sustainable parks whilst at the same time contributing towards restoring dignity in the burial place. The Group is endeavouring to make a difference by taking the memorial park business completely off the national electricity grid.
30-Sep-2015
(Official Notice)
Calgro M3 wishes to advise shareholders that the company?s headline earnings per share (?HEPS?) for the six months ended 31 August 2015 is expected to be between 61.15 cents per share and 71.35 cents per share, compared to HEPS of 50.97 cents per share reported in the previous corresponding period, equating to an increase of between 19.97% and 39.98%.



Earnings per share (?EPS?) for the six months ended 31 August 2015 is expected to be between 60.66 cents per share and 71.84 cents per share compared to 55.90 cents per share reported in the previous corresponding period, equating to an increase of between 8.52% and 28.52%.



The difference in HEPS and EPS is due to a fair value adjustment in the previous comparative period resulting from the buyout of the 24% joint venture partner, International Housing Solutions, in the Summerset project (Clidet No 1014 Pty Ltd).



Other than the executive share scheme, ESOP and BEE trusts that were approved by shareholders at the annual general meeting on 29 July 2015, the company did not undertake any further corporate action during the current six months ended 31 August 2015. The financial information on which this trading statement is based has not been reviewed or reported on by the company?s auditors.

28-Aug-2015
(Official Notice)
In accordance with the Terms and Conditions of Calgro Developments Ltd. Domestic Medium-term Note Programme dated 25 August 2008, investors are herewith advised of the partial capital redemption of CGR13 effective 28th August 2015.



Capital Redemption Amount - Amount Outstanding After Capital Redemption

* R61 000 000.00 - R161 000 000.00



The partial redemption of the notes is due to the fact that the Issuer will be repurchasing the Redemption Portion of the Notes.
24-Aug-2015
(Official Notice)
Calgro M3 Developments Ltd (Registration number 1996/017246/06) has publicly released its Audited Annual Financial Statements for the full year ended February 2015.



The Annual Financial Statements will be available on the company?s website at the following link http://www.calgrom3.com/investor_relations/APS_Calgro_M3_debt_program.asp and at the company?s head office at Calgro M3 Building, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston, South Africa from 24th August 2015.
30-Jul-2015
(Official Notice)
Shareholders are advised that at the company?s annual general meeting of shareholders held yesterday, 29 July 2015, all the resolutions as set out in the notice of annual general meeting posted to shareholders on 29 June 2015, were duly approved by the requisite majority of Calgro M3 shareholders present and voting, in person or by proxy.



The relevant special resolutions will be lodged with the Companies and Intellectual Property Commission in due course.
29-Jun-2015
(Official Notice)
25-Jun-2015
(Media Comment)
Business report announced that Calgro expects revenue and earnings growth until at least 2018 as a results of high demand for lower priced houses. Calgro has a R19 billion project pipeline set for the next decade and according to Mr Ben Pierre Malherbe, chief executive of Calgro, there were talks to double some of the developments under construction. Mr Malherbe also said that Calgro operates in a "huge" market largely uncontested, allowing profit to be invested into new developments. Calgro prefers to own the land on which it constructs its developments, while keeping costs under control by employing its own town planners and architects. Demand was most likely strong enough to double the pipeline in a year, yet Calgro was wary of "uncontrollable growth". "I'd say for the next three years there's no let up; we'll keep on growing", said Mr Malherbe.
02-Jun-2015
(Official Notice)
Shareholders are advised that the company?s integrated annual report containing the audited annual financial statements for the year ended 28 February 2015 have been posted to shareholders and are available on the company?s website hosted at www.calgrom3.com.



The annual financial statements are unchanged from the audited results which were published on SENS on 11 May 2015. The notice of annual general meeting will be posted to shareholders and the details thereof will be published in due course.
12-May-2015
(Media Comment)
Business Report highlighted that Calgro M3 Holdings maintains its new business venture focusing on the development of private memorial parks would de-risk the group from its dependence on power utilities for the provision of power. Ben Pierre Malherbe, the chief executive said the memorial parks project was founded on the principle of using group owned land parcels not suitable for residential development and was currently in the pilot phase of development.Mr Malherbe added that this model was viewed as a complementary business to Calgro M3's existing business model and would not detract Calgro M3 from the company's core business of property development.
11-May-2015
(Official Notice)
11-May-2015
(C)
Revenue for the year increased to R932.2 million (2014: R784.9 million). Gross profit raised to R174.9 million (2014: R113 million), operating profit came in at R83.8 million (2014: R52.9 million), while profit attributable to equity holders of the Company rose to R145.7 million (2014: R105.7 million). Furthermore, headline earnings per share grew to 109.69cps (2014: 83.16cps).



Dividend

The Board of Directors has, due to the fact that Calgro is in a steep growth phase, the challenging economic climate and tough trading conditions, resolved not to declare a dividend for this reporting period, thereby retaining the available cash to fund growth in the Group.



Prospects

The secured pipeline remains strong and continues to grow steadily. Capacity created during the year under review will enable Calgro to convert its pipeline into construction projects and build sustainability beyond the previously indicated period of five to six years.



Investment in low to medium cost housing related infrastructure remains a key focus at all levels of Government to address economic development, decisive spatial transformation and the acceleration of social transformation. New initiatives, such as the Mega and Catalytic Projects Programmes envisaged by Government will set the stage for the provision of sustainable human settlements to be implemented on a scale previously not experienced in this country. Within the stringent guidelines created to manage steady growth of the Group, Calgro is well positioned to support these efforts and continue to deliver value for all its stakeholders
06-May-2015
(Official Notice)
Further to the trading update released on SENS on 5 December 2014, the company advised shareholders that the headline earnings per share (?HEPS?) for the year ended 28 February 2015 is expected to be 109.69 cents per share compared to 83.16 cents per share as reported in the previous corresponding period. This equates to an increase of 31.90%. Earnings per share (?EPS?) for the year ended 28 February 2015, is expected to be 114.65 cents per share compared to 83.16 cents per share as reported in the previous corresponding period. This equates to an increase of 37.87%.
05-Dec-2014
(Official Notice)
The company expects an increase of not less than 35% in earnings per share (?EPS?) and not less than 30 % in headline earnings per share ("HEPS") for the 12 months ending 28 February 2015 when compared to the reported EPS and HEPS of the corresponding period of 83.16 cents per share.



Due to various property development industry related factors, Calgro M3 is currently unable to quantify the range of the increase in the HEPS and EPS with any degree of certainty. The company did not undertake any corporate action during the current financial year.



Calgro M3 is also proud to announce the commencement of the South Hills and Belhar Projects. These integrated residential developments will consist of 5 327 housing units in the South Hills precinct and 3 609 housing units in the Belhar precinct. The South Hills project, located 6km south of the city`s central business district, is being undertaken in partnership with City of Johannesburg, and Standard Bank with estimated revenue of R1.95 billion. The Belhar project is adjacent to the University of the Western Cape and the Cape Peninsula University of Technology in the Belhar CBD and 2km from the Cape Town International Airport with estimated revenue of R1.21 billion.
26-Nov-2014
(Official Notice)
14-Oct-2014
(Media Comment)
Business Day highlighted that Calgro M3 had begun construction on its Namibian housing project, its first venture outside South Africa. The Otjomuise project in Windhoek, which involves the construction of 2523 houses, is worth about R800 million in revenue for Calgro M3. The project which was awrded to Calgro M3 by Namibia's National Housing Enterprise, a parastatal that provides housing and housing finance, is to be completed over three and half years.
13-Oct-2014
(C)
Revenue for the interim period decreased to R412.1 million (R434.6 million). Gross profit climbed to R82.7 million (R62.0 million). Operating profit rose to R57.2 million (R33.7 million). Profit attributable to equity holders grew to R71.1 million (R51.0 million). Furthermore, headline earnings per share jumped to 50.97cps (R40.16cps).



Dividend

No dividends have been declared for the period. The board is of the opinion that the group must continue to conserve cash to maintain the present growth and create shareholder value.



Prospects

During the next six months, margins are expected to come under pressure as exposure to the installation of infrastructure increases primarily as a result of the planned installation of infrastructure on the Belhar, South Hills, Jabulani Hostels and Vista Park projects.



Trading conditions in the construction and development sector remain challenging, but renewed support from the National Department of Human Settlements is encouraging. The construction of units for Public Sector and strong end-user sales in the FLISP, GAP and Affordable markets are all contributing in making integrated developments, based on Private Public Partnerships, successful.



The group is well positioned to capitalise on numerous opportunities and will aim to continuously grow the secured pipeline in the next six months under review.
26-Sep-2014
(Official Notice)
Calgro M3 advised shareholders that the company's Headline earnings per share ("HEPS") for the 6 months ended 31 August 2014 is expected to be between 46.96 cents per share and 54.97 cents per share compared to HEPS of 40.16 cents per share reported in the previous corresponding period. This equates to an increase of between 16.93% and 36.88%, respectively .



Earnings per share ("EPS") for the 6 months ended 31 August 2014 are expected to be between 51.88 cents per share and 59.92 cents per share compared to 40.16 cents per share as reported in the previous corresponding period. This equates to an increase of between 29.18% and 49.18%, respectively.



The difference in HEPS and EPS is due to a fair value adjustment as a result of the buyout of Calgro's 24% joint venture partners (International Housing Solutions) in the Summerset project (Clidet (Pty) Ltd).



The company did not undertake any further corporate action during the current 6 months ended 31 August 2014.
25-Jul-2014
(Official Notice)
The company is submitting this voluntary trading update to retain transparency as it has been committed to keeping shareholders informed on developments within the group, including anticipated financial results, on an on-going basis.



The on-going metal workers strike has brought about a severe shortage in steel based products, which in turn has led to infrastructure installation and construction delays. Due to the said shortages, activity on various sites has come to a near halt. Accordingly the company is not in a position to provide any certainty as to the percentage increase in its half-year results. It can however be confirmed that there will be no decrease in either Headline Earnings per share or Earnings per share when compared to the previous corresponding period.



It is with great pleasure that the company can announce that it has been awarded the Best Informal Settlement Project, Best FLISP Project, Best Social Housing Project and Best Integrated Project awards at the 2014 Govan Mbeki, Gauteng Department of Human Settlement Awards. This again paves the way for growth of the group?s pipeline. The company has not undertaken any corporate action during the current financial year, when compared to the previous year.
02-Jul-2014
(Official Notice)
The board of Calgro advised that, at the Annual General Meeting of shareholders held on 2 July 2014, all the resolutions as set out in the notice of Annual General Meeting contained in the company's Integrated Report for the year ended 28 February 2014, were duly approved by the requisite majority of Calgro shareholders. The relevant special resolutions will be lodged with the Companies and Intellectual Property Commission.
12-May-2014
(C)
Revenue for the year lowered to R784.9 million (2013: R798.4 million). Gross profit dropped to R113 million (2013: R148 million), operating profit plunged to R52.9 million (2013: R89.4 million), but profit attributable to equity holders of the Company rose to R105.7 million (2013: R91.3 million). Furthermore, headline earnings per share grew to 83.16cps (2013: 71.84cps).



Dividends

Cash will be retained to fund growth in the absence of readily available development finance. The board of directors has therefore resolved not to declare a dividend for this reporting period.



Prospects

The size of the integrated and affordable market segment, driven by the dire need for housing, will ensure sustained growth in this market segment in the foreseeable future. Notwithstanding the new entrants into this market segment, management is of the opinion that sufficient project opportunities exist within the borders of South Africa to sustain such growth. The Group recognises the immense growth opportunities within South Africa's borders and will ensure controlled growth by only venturing into new provinces when Calgro is comfortable that existing operations in provinces where they currently do business are fully operational and self-sustaining.



The secured pipeline of integrated development projects will allow Calgro to assist government in its endeavour to eradicate the housing shortage in line with their evolving public-private partnership policy. It is the Group's intention to continually grow the pipeline beyond the next five years while controlling and limiting increases in overheads so that the full benefit of the growth expected from the pipeline is realized.



Annual report and AGM announcement

The annual general meeting of the Company will be held at 10h00 on 2 July 2014 at the main boardroom, Calgro offices, 1st Floor, Cedarwood House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston, whereby shareholders of the Company as at the record date of 27 June 2014 will be entitled to transact business as stated in the notice of the annual general meeting posted to shareholders on or about 30 May 2014, which meeting shall be participated in and voted at by shareholders .
15-Apr-2014
(Official Notice)
Shareholders are advised that a reasonable degree of certainty exists that the company's earnings per share ("EPS") and headline earnings per share ("HEPS") will be between 14.18% and 17.34% higher for the year ended 28 February 2014 ("the 2014 financial year") when compared to the previous comparative period.



The lower than expected increase in EPS and HEPS is primarily a function of:

* the company not being able to transfer already constructed units to end-users on two projects; and

* certain once off construction losses incurred on the Jabulani project which amounted to R28 million for the 2014 financial year. The loss was as a result of the already reported electricity supply delays experienced during construction that led to an increase in holding costs, security, breakage, vandalism, construction escalation and additional costs in supplying power to units which were already occupied by third party clients. These challenges have been resolved subsequent to the year end and completed units handed over to clients.



This puts a damper on what should have been an excellent year for the Group. Government's drive towards infrastructure development, for which adequate funding is available, has resulted in accelerated installation of infrastructure during the 2014 financial year. In addition, a substantial financial investment was made into new projects during the 2014 financial year which is anticipated to set the platform for sustained growth over the next 24 months.
20-Feb-2014
(Official Notice)
14-Oct-2013
(C)
Revenue increased to R434.6 million (R400.7 million). Gross profit declined to R62 million (R68.3 million) and operating profit was also lower at R33.7 million (R42.5 million). However, net attributable profit rose to R51 million (R40.2 million). In addition, headline earnings per share grew to 40.16cps (31.63cps).



Outlook

Trading conditions in the construction and development sector remain challenging, but support from local government and strong end user sales in the FLISP, GAP and Affordable markets are all contributing in making integrated developments based on Private Public Partnerships successful. Government?s undertaking to close the gap between fully subsidized housing and the entry level affordable bonded market by providing Social Housing and the newly revised FLISP units is continuing to create exciting new opportunities and the group is well positioned to make use of opportunities presented.
09-Oct-2013
(Official Notice)
The company expects an improvement of 26.96% in the headline earnings per share (HEPS) for the six months ended 31 August 2013, from a headline profit of 31.63 cents per share reported on for the six months ended 31 August 2012.



The company expects an improvement of 26.96% in earnings per share ("EPS") for the six months ended 31 August 2013, from a earnings per share of 31.63 cents per share reported for the six months ended 31 August 2012.Taking into account a pipeline in excess of R 10 billion over the next 5 years the group is well positioned for sustainable growth. The company did not undertake any corporate action during the current financial year when compared to the prior year.



The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
19-Aug-2013
(Official Notice)
The company expects an increase in excess of 20% in the earnings per share ("EPS") and headline earnings per share ("HEPS") for the 6 months ending 31 August 2013, from an EPS and HEPS of 31.63 cents per share reported in the previous corresponding period.



Calgro is unable to quantify the range of the increase in the HEPS and EPS with a degree of certainty as yet. The company has not undertaken any corporate action during the current financial year. When the company has obtained a reasonable degree of certainty on the actual range of the increase, a further trading statement will be released.
25-Jun-2013
(Official Notice)
At the annual general meeting of shareholders held on 25 June 2013, all the resolutions as set out in the notice of annual general meeting contained in the company's integrated report for the year ended 28 February 2013, were duly approved by the requisite majority of Calgro shareholders. The relevant special resolutions will be lodged with the Companies and Intellectual Property Commission.
07-May-2013
(C)
Revenue for the year ended 28 February 2013 soared to R798.4 million (2012: R514.9 million). Gross profit jumped to R148 million (2012: R79.5 million), operating profit more than doubled to R89.4 million (2012: R43.2 million), while profit attributable to equity holders of the company shot up to R91.3 million (2012: R65.4 million). Furthermore, headline earnings per share grew to 71.84cps (2012: 51.44cps).



Dividends

Cash will be retained to fund growth in the absence of readily available development finance. The board of directors has therefore resolved not to declare a dividend for this reporting period.



AGM announcement

Notice is given that the annual general meeting of shareholders will be held on 25 June 2013 at 10h00 at the main boardroom, Calgro M3, Ballywoods Office Park, Cedarwood, 33 Ballyclare Drive, Bryanston, to transact business as stated in the notice of the Annual General Meeting posted to shareholders as detailed above. The annual report containing notice of the annual general meeting will be posted to shareholders on or about 30 May 2013.
06-May-2013
(Official Notice)
Calgro M3 Developments (Pty) Ltd was awarded a project to develop 3 451 residential units in the Boitekong Ext 16 Integrated Development in Rustenburg. The R746 million Boitekong Extension 16 integrated development is a mayoral project that is focused on the residential housing needs expressed by the Rustenburg Local Municipality. This development is earmarked to be developed as a fully integrated residential township, situated approximately 3km from the Rustenburg CBD. It is also well positioned adjacent to the Boitekong shopping mall which serves neighbouring townships within Boitekong.



Due to the close proximity of the proposed project to local mines and the business hub of Rustenburg, many employees will find residence in this attractive development. An important factor to note is the introduction of the Rustenburg Rapid Transit bus system which will allow easy movement of residents to places of work in the CBD, local mines and various other surrounding places of employment.



This township will consist of a range of housing options which will cater for all economic groups. The project will consist of 800 Council Rental-, 600 State Funded Ownership-, 500 Open Market Rental-, 980 Social Housing-, 300 "GAP" Open Market Ownership and 271 freestanding Open Market Ownership Units. Among the residential components of the township various public amenities are planned that will be conveniently close to the adjacent residing communities. These facilities will consist of parks, cr?ches, schools, places of worship, community centres and a police station. From an urban design perspective these amenities are strategically positioned according to best practices regarding walking distances, optimal number of residents per facility, resident safety and various other principles.



Construction is expected to commence in June 2013 and should be completed during 2016. Calgro M3's project pipeline, including the R746 million Boitekong Extension 16 project, has now increased to in excess of R10 billion.



This venture into the North West Province bodes well for the future as it provides an important footprint for the Group in the North West Province ahead of the implementation of the Mining Charter (which addresses the housing needs of employees) in 2014.
26-Mar-2013
(Official Notice)
Calgro advise shareholders that in light of the changes to the Listing Requirements Mr Wikus Lategan, presently the Financial Director and Company Secretary of Calgro, has resigned from his role as company secretary effective 31 March 2013. Mr Wikus Lategan will continue in his role as Financial Director of Calgro. Wayne Williams has been appointed to assume the role of company secretary with effect from 1 April 2013.
26-Mar-2013
(Official Notice)
Calgro M3 wishes to advise shareholders that the company?s Headline earnings per share (HEPS) for the period is expected to be between 66.24 cents per share and 76.52 cents per share compared to HEPS of 51.44 cents per share reported in the previous corresponding financial year. Earnings per share (EPS) for the financial year ended 28 February 2013 are expected to be between cents 66.24 cents and 76.52 cents compared to 51.44 cents per share as reported in the previous corresponding year. The financial information on which this trading statement is based has not been reviewed or reported on by the company?s independent auditors.
18-Dec-2012
(Official Notice)
Shareholders are advised that a reasonable degree of certainty exists that the company's earnings per share ("EPS") and headline earnings per share ("HEPS") will be at least 20% higher for the 12 months ending 28 February 2013 ("the 2013 financial year").



The Company is unable to provide an expected EPS and HEPS range because it is currently uncertain of how many properties will be registered at the Deeds office by 28 February 2013. This trading update is based on the minimum number of properties the board believes with a reasonable degree of certainty will be registered by 28 February 2013. Should a different number of properties be registered by 28 February 2013, this is likely to impact EPS and HEPS.
11-Oct-2012
(C)
Revenue for the interim period skyrocketed to R400.7 million (2011: R209 million). Gross profit increased to R68.3 million (2011: R35.1 million), operating profit more than doubled to R42.5 million (2011: R17.2 million), while profit attributable to equity holders of the company soared to R40.2 million (2011: R21.7 million). Furthermore, headline earnings per share maintained the upward trend by growing to 31.63cps (2011: 17.03cps).



Dividend

No dividends have been declared for the period. The board is of the opinion that the group must continue to conserve cash to maintain the present growth and create shareholder value.



Prospects

Governments undertaking to close the gap between fully subsidized housing and the entry level affordable bonded market by providing Social Housing and the newly revised FLISP units is creating exciting new opportunities and the group is positioned to make use of opportunities presented. All contracts for the Belhar project were signed and concluded and the commencement of the project will significantly increase operations in the Western Cape. Any reference to future performance included in this announcement has not been reviewed by the group's external auditors.





20-Sep-2012
(Official Notice)
Further to the trading update published on 23 June 2012, the company expects headline earnings per share ("HEPS") and earnings per share ("EPS") to improve by between 80% and 90% for the six months ended 31 August 2012, from a HEPS of 17.03 cents and EPS of 17.03 cents reported for the six months ended 31 August 2011. Taking into account a pipeline in excess of R 8 billion over the next six years the group is well positioned for sustainable growth. The company did not undertake any corporate action during the current financial year when compared to the prior year.
23-Jul-2012
(Official Notice)
The company expects an improvement of more than 50% in headline earnings per share ("HEPS") for the six months ending 31 August 2012, from a headline profit of 17.03 cents per share reported on in the previous corresponding period. The company expects an improvement of more than 50% in earnings per share ("EPS") for the six months ending 31 August 2012, from a profit of 17.03 cents per share reported on in the previous corresponding period.



Due to uncertainties regarding the number of property registrations that will be registered in the deed office by the end of 31 August 2012, Calgro is unable to quantify the range of the increase in HEPS and EPS with any degree of certainty. The company currently has in excess of 1 900 units under construction and is installing services for an excess of 3775 residential opportunities for future construction. Calgro does not undertake speculative construction and all units under construction have 3rd party guarantees in place. Not all of these units will be completed, handed over and registered before 31 August 2012 as the majority of these units are sectional title multi-storey units, which take six months to construct on average. When the company has obtained a reasonable degree of certainty on the actual range of the increase in EPS and the increase in HEPS, a further trading statement will be released.
02-Jul-2012
(Official Notice)
The board of Calgro M3 advised that, at the annual general meeting of shareholders held on 29 June 2012 all the resolutions as set out in the notice of annual general meeting contained in the company's annual report for the year ended 28 February 2012, were duly approved by the requisite majority of Calgro M3 shareholders. The relevant special resolutions will be lodged with the Companies and Intellectual Property Commission.
31-May-2012
(Official Notice)
Shareholders are advised that the company's integrated report for the financial year ended 29 February 2012 was posted to shareholders on 30 May 20122 and is also available on the company's website, www.calgro.co.za. The annual financial statements contain no modifications to the audited results, which were published on SENS on 10 May 2012.



Notice was given that the annual general meeting of Calgro M3 will be held in the boardroom, Cedarwood House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston, Johannesburg on Friday, 29 June 2012 at 10h00, to transact business as stated in the notice of the annual general meeting accompanying the integrated report.



Shareholders are to note that the company is proposing a special resolution whereby shareholders will be requested to approve the replacement, in its entirety, of the current memorandum of incorporation ("MOI") of Calgro M3, by adopting a new MOI that is in compliance with the provisions of the Companies Act, 2008 (Act No. 71 of 2008) ("the Act"). A summary of the provisions of the new MOI is contained in the integrated report and is also available on the company's website.
10-May-2012
(C)
Revenue for the year ended 29 February 2012 skyrocketed to R514.9 million (2011: R281.8 million). Gross profit rose to R79.5 million (2011: R35 million), operating profit turned around to R43.2 million (2011: loss of R371 000), while profit attributable to equity holders of the company soared to R65.4 million (2011: R17 million). Furthermore, headline earnings per share jumped to 51.44cps (2011: 13.48cps).



Dividends

No dividends have been declared for the financial year.



Prospects

The secured pipeline of integrated development projects will allow Calgro, in line with its evolving public private partnership policy, to assist government in its endeavour to eradicate the housing shortage. With the group's undertaking to venture into new provinces once operations in Gauteng have stabilised, the company can now report that it is currently targeting the Free State and Western Cape provinces with fully operational offices in these provinces. The group recognises the immense opportunity in other provinces and will again ensure controlled growth by venturing into new provinces only once operations in the provinces in which the group currently does business are fully operational and self-sustaining.
04-May-2012
(Official Notice)
A listed company is required to publish a trading statement as soon as it becomes aware, with a reasonable degree of certainty, that the financial results for the next period to be reported on are likely to vary by more than 20% from the previous corresponding period. Further to the trading update issued on SENS on 27 February 2012, Calgro advised shareholders that the company's headline earnings per share ("HEPS") for the year ended 29 February 2012 ("2012 financial year") is expected to be between 49.44 and 52.14 cents per share compared to HEPS of 13.48 cents per share reported in the previous corresponding year. Earnings per share ("EPS") for the 2012 financial year is expected to be between 49.46 and 52.12 cents per share compared to 13.34 cents per share as reported in the previous corresponding period. Taking into account a pipeline in excess of R8 billion over the next six years, the group is well positioned for growth. Calgro did not undertake any corporate action during the 2012 financial year.



Resignation of director

The board of directors of Calgro advised that Mr. Rob Wesselo has resigned as non-executive director of the board, with immediate effect.
27-Feb-2012
(Official Notice)
The company expects an increase of more than 225% in the earnings per share ("EPS") for the 12 months ending 29 February 2012 ("the 2012 financial year") amounting to more than 43.36 cents, compared to the 13.34 cents per share reported on in respect of the 12 months ended 28 February 2011 ("the 2011 financial year"). Calgro M3 also expects an improvement of more than 225% in headline earnings per share ("HEPS") for the 2012 financial year amounting to more than 43.81 cents, compared to the 13.48 cents per share reported on in respect of the 2011 financial year. Due to uncertainties with regards to the number of property registrations that will be registered in the deed office by 29 February 2012, Calgro M3 is unable to quantify the range of the increase in the HEPS and EPS with any degree of certainty. The group is also proud to announce that its pipeline has grown to in excess of R8 billion over the next six to seven years. Once the company has obtained a reasonable degree of certainty on the actual range of the increase in both EPS and HEPS, a further trading statement will be released.
08-Feb-2012
(Official Notice)
Shareholders are advised that the JSE has approved the transfer of the listing of the company's ordinary shares from the Alternative Exchange "Industrials - Construction - Materials" sector to the Main Board of the JSE under the Industrials sector "2300 Construction - Materials", with effect from Thursday, 23 February 2012.
21-Nov-2011
(Official Notice)
The company expects an increase of more than 175% in the earnings per share ("EPS") for the 12 months ending 29 February 2012 ("the 2012 financial year") which amounts to more than 36.69 cents per share in respect of the 2012 financial year, compared to the 13.34 cents per share reported on in respect of the 12 months ended 28 February 2011 ("the 2011 financial year"). Calgro M3 also expects an improvement of more than 175% in headline earnings per share ("HEPS") for the 2012 financial year (i.e. Calgro expects HEPS to be more than 37.07 cents per share ), compared to the 13.48 cents per share reported on in respect of the 2011 financial year. Due to uncertainties with regards to the number of property registrations that will be registered in the deed office by the end of the period, Calgro M3 is unable to quantify the range of the increase in the HEPS and EPS with any degree of certainty. The increase in both HEPS and EPS is due to the pipeline of work announced on 19 April 2011. The group currently has in excess of 2 300 units under construction and are in the process of servicing in excess of 2 000 stands. The group does not construct on risk and all units under construction have 3rd party guarantees in place. It should be noted that not all of these units will be completed, handed over and registered before 29 February 2012 as the majority of these sectional title multi- story units take, on average, 6 months to construct. The group is also proud to announce that its pipeline has grown to in excess of R 7 billion over the next 6 to 7 years. Once the company has obtained a reasonable degree of certainty on the actual range of the increase in both EPS and HEPS, a further trading statement will be released.
17-Oct-2011
(C)
Revenue for the interim period skyrocketed to R209 million (2010: R96.2 million). Gross profit increased to R35.1 million (2010: R19.9 million), operating profit more than doubled to R17.2 million (2010: R6 million), while profit attributable to equity holders of the company soared to R21.7 million (2010: R4.6 million). Furthermore, headline earnings per share maintained the upward surge by growing to 17.03cps (2010: 3.61cps).



Dividends

No dividends have been declared for the period.



Prospects

Government's undertaking to deliver on social housing is an opportunity for the group. Sales of these units to social housing institutions were noticeably higher during the period in comparison to the period in 2010. This increased exposure is proving an effective risk mitigator as it dilutes dependency on fully subsidised units. Recent published guidelines such as the ABSA House Price Index and Residential Property Perspective, the Standard Bank Residential Property Gauge, and the FNB Property Barometer, are making it easier to analyse the affordable housing sector. Standard Bank's December 2010 edition has an excellent section on Soweto, suggesting that there is indeed data to analyse enabling the banks to determine the risks of lending into the "affordable" market. For policy makers as well as product providers such as Calgro, the information regarding the low income housing sector is a major tool to effectively plan and execute projects.



The affordable - GAP housing market makes up 58% of all registered residential properties in the deeds registry, when including the government subsidized housing sector (this property market services 88% of South African households). With end-user finance becoming more readily available and the fact that banks exceeded the charter lending targets in the five years to end- 2008 and have since continued to generate home loans to the tune of R4 billion/year to the gap market shows that they are more than willing to lend to lower- income households. According to the Banking Association, the greater problem is that there's very little stock available in this GAP market. Calgro is ideally poised to make stock available for this market segment. Calgro sees extensive opportunity in the provision of quality housing for the integrated and GAP housing market segments, with a shift in focus to social and rental units within these segments.
21-Sep-2011
(Media Comment)
Business Report indicated that Calgro M3 Holdings has expanded its operations into the Western Cape following the award of a R554 million integrated housing development in Kraaifontein by Cape Town's mayoral committee and city council. Ben Pire Malherbe, Calgro M3's chief executive said that mayoral and council approval was finally signed off after a lengthy proposal process with full public participation. Calgro now expected to hit the ground running with sales of the units for the general public to start shortly and construction to begin still in this year.
20-Sep-2011
(Official Notice)
Shareholders are referred to the trading update released on SENS on 28 July 2011 ("28 July trading update") and were advised that, subsequent to the 28 July trading update, the company expects an improvement of more than 370% in the headline earnings per share ("HEPS") for the six months ended 31 August 2011. Accordingly, the company's HEPS for the period is expected to be between 16.67 cents and 17.39 cents per share compared to 3.61 cents per share reported in the previous corresponding period. Earnings per share ("EPS") for the six months ended 31 August 2011 is expected to be between 16.67cents and 17.39 cents compared to 3.61 cents per share as reported in the previous corresponding period. The increase in both HEPS and EPS can be attributed to the commencement of the company's current pipeline of projects of over R5 billion, to be implemented over six to seven years, as announced on 19 April 2011. Calgro currently has in excess of 1 900 units under construction with new units commencing on a continuous basis. The company does not construct on risk and all units under construction have third party guarantees in place. Risks are spread over six projects in two provinces (Gauteng and Free State), with the first contract for the Western Cape having been concluded and signed on 15 September 2011.
28-Jul-2011
(Official Notice)
The company expects an improvement of more than 250% in the headline earnings per share ("HEPS") for the six months ending ending 31 August 2011, from a headline profit of 3.61 cents per share reported on in the previous year. Calgro M3 advises shareholders that the company expects an improvement of more than 250% in earnings per share ("EPS") for the six months ending 31 August 2011, from a profit of 3.61 cents per share reported on in the previous year. Due to uncertainties with regards to the number of property registrations that will be registered in the deed office by the end of the period, Calgro M3 is unable to quantify the range of the increase in the HEPS and EPS with any degree of certainty.



The increase in both HEPS and EPS is due to the pipeline of work (in excess of R5 billion), which was announced, on 19 April 2011, being rolled out over the next six to seven years. The group currently have 1 700 units under construction with new units commencing on a continuous basis. The group does not construct on risk and all units under construction have third party guarantees in place. It should be noted that not all of these units will be completed, handed over and registered before 31 August 2011 as the majority of these units being sectional title multi-story units, take, on average, six months to construct. Risks are spread over six projects, in two provinces (Gauteng and Free State), with the Western Cape to be added soon. Once the company has obtained a reasonable degree of certainty on the actual range of the increase in EPS and the increase in the HEPS, a further trading statement will be released.
20-Jul-2011
(Official Notice)
The board of Calgro advised that, at the annual general meeting of shareholders held today, 20 July 2011, all the resolutions as set out in the notice of annual general meeting contained in the company's annual report for the year ended 28 February 2011, were duly approved by the requisite majority of Calgro shareholders. The relevant special resolutions will be lodged with the Companies and Intellectual Property Commission.
31-May-2011
(Official Notice)
Shareholders are advised that the company's Annual Report for the financial year ended 28 February 2011 will be posted to shareholders today and is also available on the company's website, www.calgro.co.za. The annual financial statements contain no modifications to the audited results, which were published on the SENS of the JSE Ltd on 16 May 2011. Notice is hereby given that the AGM of Calgro M3 will be held in the boardroom, Cedarwood House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston, Johannesburg on Wednesday, 20 July 2011 at 10h00, to transact business as stated in the notice of the AGM accompanying the annual report, as a separate document.
17-May-2011
(Media Comment)
According to Business Report, Calgro improved its financial performance in the financial year to February by shifting its focus to privately funded housing developments in the affordable market to counter government payment bottlenecks and contract delays on integrated housing projects. It also expanded outside of Gauteng for the first time with integrated developments for Cape Town and a joint venture in Bloemfontein with the Free State Housing Company.
16-May-2011
(C)
Revenue for the year ended 28 February 2011 improved to R281.8 million (February 2010: R188.7 million) and gross profit rose to R35 million (February 2010: R27.7 million). An operating loss of R370 000 (February 2010: profit of R17.2 million) was recorded. However, net profit attributable to ordinary shareholders of the company grew to R17 million (February 2010: R15.5 million), while headline earnings on a per share basis turned around to 13.48cps (February 2010: loss of 7.64cps).



Dividend

No dividends have been declared for the financial year.



Prospects

The South African government's public works programme, specifically in the arenas of power generation, transport, water and housing, has the potential to create growth opportunities within the domestic construction sector, provided delays can be overcome. The continued non-delivery of promised integrated housing during the year served to further increase the already-existing backlog. The minister of human settlements, Tokyo Sexwale, with his focus on demolishing sub-standard houses constructed since 1994, will add to the backlog figures. A secured pipeline of integrated development projects will allow the group to assist government in their endeavour to eradicate the housing shortage in line with the company's evolving public-private partnership policy. These projects will gain momentum as municipalities grappling with budget constraints start to accept the design- construct-finance model on a turn-key project basis. With recovering market conditions and operations stabilised in Gauteng, the group took the decision to expand into other provinces in South Africa in partnership with select local contractors. The group has been successful in securing a project for the city of Cape Town and in being awarded a tender for the construction of social housing units for the Free State housing company in Bloemfontein. The company sees extensive opportunity in the provision of quality housing for the integrated and GAP housing market segments, with the focus shift to Social and Rental units within these segments. As these are still fairly new market segments, the group is learning every year and will strive to improve the quality of lives of those residing in its developments. Any reference to future financial performance included in this announcement has not been reviewed or reported on by the group's external auditors.
11-May-2011
(Official Notice)
Further to the trading update issued on the Securities Exchange News Service ("SENS") of the JSE on 16 February 2011, Calgro M3 wishes to advise shareholders that the company's headline earnings per share for the financial period ended 28 February 2011 ("the 2011 financial year") is expected to be between 12.72 cents per share and 14.24 cents per share compared to the headline loss of 7.64 cents per share reported in the previous corresponding period.



Earnings per share for the 2011 financial year is expected to be between 12.12 cents per share and 14.56 cents per share compared to 12.19 cents per share as reported in the previous corresponding period.



The abridged audited results of Calgro M3 for the year ended 28 February 2011 will be released on SENS on or about 16 May 2011. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.

20-Apr-2011
(Media Comment)
Business Day reported that Calgro M3 said that it had accumulated a project pipeline of more than R5 billion to roll out in the next six to seven years. The project pipeline, which has seen the company venture beyond its traditional Gauteng base for the first time, lays the foundation for a better financial performance and higher sales. The company said the project was expanding into the Western Cape and Free State.
19-Apr-2011
(Official Notice)
16-Feb-2011
(Official Notice)
In accordance with paragraph 3.4 of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware, with a reasonable degree of certainty, that the financial results for the next period to be reported on are likely to vary by more than 20% from the previous corresponding period. The company expects an improvement of more than 100% in the headline earnings per share ("HEPS") as the company expects to generate a profit in HEPS for the year ending 28 February 2011, compared to a headline loss per share reported on in the previous year.



Calgro M3 wishes to advise shareholders that the company expects a decrease in earnings per share ("EPS") for the year ending 28 February 2011 of more than 20% compared to the EPS reported on in the prior comparative period. Due to uncertainties with regards to the number of property registrations that will be registered in the deed office by the end of the financial year, Calgro M3 is unable to quantify the range of the decrease in EPS and the increase in the HEPS with any degree of certainty. The company did not undertake any corporate action during the current financial year, when compared to the prior year. Once the company has obtained a reasonable degree of certainty on the actual range of the decrease in EPS and the increase in the HEPS, a further trading statement will be released. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.

18 Jan 2011 09:35:53
(Official Notice)
Shareholders were advised of the following changes to the board of directors with effect from today, 18 January 2011:



Resignations

*Elizabeth Mmakgoshi Phetla-Lekhethe resigned due to a conflict of interest as a result of her employment in the National Treasury.

*Noxolo Maninjwa has resigned due to her extensive work commitments as deputy director general in government.



Appointments of non-executive directors

*Ralph Patmore

*Robert Nicolaas Wesselo



Change to the company secretary

Francois Pieterse has resigned as company secretary. Willem Jacobus Lategan has been appointed as company secretary of Calgro and will also continue as financial director of Calgro.
25 Oct 2010 09:10:10
(Media Comment)
According to Business Day, the Altx-listed housing developer Calgro M3 is eyeing next year's local elections in the hope they will provide a bonanza of work as provincial governments focus on housing delivery. Calgro CEO Ben Pierre Malherbe said on Friday, 22 October 2010, there was a big push from the government to deliver houses, but bulk infrastructure remains a challenge across the country. He said the government had come to a realisation that in order to address the housing backlog, which was 2.2 million units nationally, the problem of bulk infrastructure needed to be solved first.
22 Oct 2010 07:38:00
(C)
Revenue dropped from R112.8 million in 2009, to R96.2 million for the six months ended August 2010 . Gross profit fell slightly to R19.9 million against a profit of R20.6 million previously, while profit attributed to ordinary equity holders of the company was lower at R4.6 million compared to the prior comparable period's R21.6 million earnings. However, headline earnings per share was recorded at 3.61cps (loss of 2.93cps)



Dividend

No dividend has been declared for the period.



Prospects

Notwithstanding continued cash flow and funding constraints at government levels during the period, the integrated housing market continues to hold promising prospects. The shortfall in delivery of housing units during 2009/10 to date, has only exacerbated the existing housing backlog in South Africa with pressure for delivery mounting in the run-up to the 2011 local elections. Further, with the likelihood of the Financial Services Charter being reinstated, financial institutions and developers alike will have renewed pressure to deliver on housing with a specific focus on the GAP market. Calgro M3 will continue to target development in the Gauteng province. Expansion into other regions in South Africa will be considered once Gauteng operations become settled in servicing the recovering market. With construction of units in the first phase of the Fleurhof project underway and the installation of infrastructure on the subsequent phases continuing, Calgro M3 is well poised to deliver on housing leading into 2011. Looking ahead, in addition to Fleurhof, progress on the Jabulani and Jukskei View projects is expected to have a positive effect in the six months ahead to year-end. The initial success of the Fleurhof and Jabulani projects (see `Operational Review') bodes well for future growth in the affordable housing segment of the market. This is further supported by factors such as the decreasing impact of the National Credit Act which will improve opportunities to secure end-user finance on behalf of prospective home-buyers.
15 Oct 2010 14:53:53
(Official Notice)
Further to the trading update released on SENS on Wednesday 18 August 2010, Calgro wishes to advise shareholders that the company's earnings per share ("EPS") for the financial period ended 31 August 2010 is expected to be 3.61 cents compared to an EPS of 17 cents reported in the previous corresponding period. Headline earnings per share for the financial period ended 31 August 2010 is expected to be 3.61 cents per share compared to headline loss per share of 2.93 cents reported in the previous corresponding period The financial information on which this trading statement is based has not been reviewed or reported on by the company's independent auditors.
18 Aug 2010 09:47:47
(Official Notice)
Calgro M3 advise shareholders that the company expects a decrease in the earnings per share ("EPS") for the six months ending 31 August 2010 ("the interim period") of more than 20% compared to the EPS reported on in the prior comparative period. The company expects to generate a profit in headline earnings per share ("HEPS") for the interim period compared to a headline loss per share reported on in the previous corresponding period. Once the company has obtained a reasonable degree of certainty on the actual range of the decrease in EPS and the increase in the HEPS, a further trading statement will be released. The information in this trading statement has not been reviewed or reported on by Calgro M3's auditors.

24 Jun 2010 09:57:08
(Official Notice)
The board of Calgro M3 advises that, at the Annual General Meeting of shareholders held on 23 June 2010, all the resolutions as set out in the notice of annual general meeting contained in the company's Annual Report for the year ended 28 February 2010, were duly approved by the requisite majority of Calgro M3 shareholders. The relevant special resolution will be submitted to CIPRO for registration.
17 May 2010 08:08:01
(Official Notice)
The annual report containing notice of the annual general meeting will be posted to shareholders on or about 24 May 2010.



Notice is hereby given that the annual general meeting of shareholders will be held at 10h00 on Wednesday, 23 June 2010 at the boardroom, Calgro M3, Cedarwood House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston, to transact business as stated in the notice of the annual general meeting posted to shareholders.
17 May 2010 08:00:38
(C)
Group revenue for the year-ended February 2010 decreased from R233 million to R189 million. Operating profit increased to 17.2 million (February 2009: 8.4 million).Profit attributable to ordinary shareholders increased to R15.5 million (February 2009: R6.0 million).Earnings per share of 12.19 cents was up from 4.47 cents in the previous year. A headline loss per share of 7.64 cents was incurred compared to headline earnings per share in the previous year of 16.32 cents.



Dividend

No dividends have been declared for the financial year.



Prospects

Notwithstanding the cash flow and funding constraints experienced at government levels during the year, the integrated housing market holds promising prospects. The non-delivery of housing in 2009 has further compounded the backlog in the country to a deficit of roughly 2.1 million homes, escalating annually. With new commitments recently announced by the Minister of Housing of R34.2 billion over the next two years, and an additional R1 billion committed by the President specifically for GAP Housing, prospects for integrated housing look buoyant. The group will continue to target the Gauteng province. Expansion into other regions in South Africa will be considered once Gauteng operations become settled in servicing the recovering market.



Calgro M3's Pennyville development has set new industry standards in integrated housing and taught the group valuable lessons through which the Fleurhof and Jabulani projects have been substantially improved. The initial success of the Fleurhof and Jabulani projects (see 'Operational review' above) bodes well for future growth in the affordable housing segment of the market. This is further supported by factors including the decreasing impact of the National Credit Act and the increasing ability to secure end-user finance on behalf of prospective home-owners.
06 May 2010 09:33:10
(Official Notice)
Calgro advised shareholders that the company's earnings per share ("EPS") for the financial year ended 28 February 2010 ("the 2010 financial year") is expected to be between 11.72 cents and 12.66 cents compared to 4.74 cents per share as reported in the previous corresponding period. Headline earnings per share ("HEPS") for the 2010 financial year is expected to be a headline loss of between 6.01 cents per share and 9.27 cents per share compared to HEPS of 16.32 cents per share reported in the previous corresponding period.
31 Mar 2010 09:43:57
(Media Comment)
Business Day reported that Calgro M3 believes its new projects this year will help it to compete with other AltX companies because of the flexibility of its business model. Despite revenue and profit having decreased severely, CEO Ben -Pierre Malherbe said that a better -than -industry performance would help it become one of the AltX's better-performing companies.Malherbe further indicated that Calgro would start to build houses in June, and expects the markets to follow an increasing trend throughout the year.







01 Mar 2010 14:31:45
(Official Notice)
Shareholders are hereby advised that Calgro M3 has appointed Grindrod Bank Ltd as designated advisor to the company with immediate effect.
18 Jan 2010 13:44:31
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 11 November 2009 and 4 January 2010 and are hereby advised that negotiations have been terminated. As a result, caution is no longer required to be exercised by shareholders when dealing in their Calgro shares.
04 Jan 2010 14:55:02
(Official Notice)
Shareholders are referred to the previous cautionary announcement dated 11 November 2009, and are advised that negotiations are still in progress which, if successfully concluded, may have an effect on the price of the company's securities. Shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
14 Dec 2009 14:50:42
(Official Notice)
Mr Ben Pierre Malherbe ("Ben Pierre") has been appointed as CEO and that Mr Deon Noel Steyn ("Deon") has been appointed as COO to Calgro with effect from 11 December 2009.
11 Nov 2009 13:32:24
(Official Notice)
Shareholders are hereby advised that the company has entered into negotiations, which if successfully concluded, may have a material effect on the company's share price. Shareholders are accordingly advised to exercise caution in dealing in their shares until a further announcement is made.
23 Oct 2009 08:10:39
(Official Notice)
In accordance with the provisions, Calgro M3 Developments (Pty) Ltd, CGR5 the interest payable for the period from 23 October 2009 to 23 January 2010, payable from 23 January 2010 will carry the following interest rate over the 3 month JIBAR - 15.1833% on 23 October 2009. (CGR5 - 15.1833% per annum. 800bps over the three month JIBAR.)
21 Oct 2009 08:29:43
(C)
Group revenue for the half year ended August 2009 decreased by 3.5%, from R116m to R113m. Although the gross profit margin decreased by 3.6% compared to the previous year, administrative overheads were contained to a sustainable level of R14.2m as a result of close monitoring and implementation of tight management controls. The decrease in the gross profit percentage was attributed to the group taking over a portion of construction on the Pennyville project. Operating profit excluding fair value adjustments, impairments and non-operational gains for the six months under review amounted to R4.9m compared to R3.3m for the comparable reporting period, and R12.7m for the 12 months ended 28 February 2009. Profit on sale of investment amounting to R25.3m after tax is attributable to the sale of a 30% stake in the Fleurhof project as previously reported.



Dividend policy

No dividends have been declared for this interim period.



Prospects

Calgro M3's solid performance in the delivery of good quality houses and excellent working relationships with government has positioned the company favourably to benefit from public/private partnerships while supporting government on its commitment of delivering 250 000 houses a year.

Achievements in year under review:

* New industry standards are being set with regard to sectional title BNG units under construction on the Pennyville project.

* New partnerships with significant role-players in the industry were secured, relating to assisting government in delivering on their housing commitments.

* The company was awarded a hostel redevelopment project by the Gauteng Department of Housing

* Transfer was taken of a property from Johannesburg Property Company for the construction of 1600 units in the Jabulani CBD, Soweto.
12 Oct 2009 08:17:02
(Official Notice)
Calgro M3 advised shareholders that the company's earnings per share for the 6 months ended 31 August 2009 is expected to be between 77% and 97% higher than those reported on in the previous corresponding period. Headline earnings per share for the 6 months ended 31 August 2009 is expected to be between 108% and 128% lower than those reported on in the previous corresponding period.



The variation between EPS and HEPS is attributable to the profit made on the disposal by Calgro M3 Land (Pty) Ltd of 30% of its equity interest in and cession of its claims against Fleurhof Extension 2 (Pty) Ltd, as detailed in the circular dated 7 April 2009.
23 Jul 2009 13:04:49
(Official Notice)
Notice is hereby given that the JSE Limited has granted permission to Calgro M3 Developments (Pty) Ltd to list a note in terms of their Debt Programme. The note issued will be guaranteed by Calgro.

*Authorised programme size: R 300 000 000.00

*Details of the Note:

*Bond Code: - CGR5

*ISIN Code: - ZAG000069907

*Note: - Floating Rate Note

*Coupon: - 15.679%

*Nominal Amount: -R35 000 000.00

*Redemption Date: - 22 July 2011

*Books Closed Date: -13 July 2009

*Interest Payment Dates: - 23 October, 23 January, 23 April and 23 July

*Listing and Trading: - Yield-X Exchange of the JSE Ltd

*Listing Date: - 23 July 2009

*Lead Arranger: - Nedbank Capital, a division of Nedbank Ltd

*Date:23 July 2009

The debt programme and the pricing supplement can be obtained on the issuer's website: www.calgrom3.com
23 Jun 2009 15:14:33
(Official Notice)
Shareholders are hereby advised that, at the annual general meeting of shareholders of Calgro held on Tuesday, 23 June 2009 at the registered office of the company, all the proposed ordinary resolutions and the special resolution, as contained in the notice of annual general meeting which was posted to shareholders together with the company's annual report, were passed by the requisite majority of shareholders present and voting, in person or by proxy. The special resolution relating to the general authority to repurchase the company's shares will be submitted to CIPRO for registration in due course.
01 Jun 2009 11:00:03
(Official Notice)
Shareholders are hereby advised that the annual financial statements for the year ended 28 February 2009, as audited by PricewaterhouseCoopers Inc and whose unqualified report is available for inspection at the company's registered office, have been posted to shareholders on 30 May 2009, and contain no modifications to the audited results published on SENS on 12 May 2009.



The annual general meeting of shareholders will be held at 10:00 on Tuesday, 23 June 2009 at the boardroom, Calgro, Cedarwood House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston, to transact business as stated in the notice of the annual general meeting posted to shareholders as detailed above.
20 May 2009 13:46:16
(Official Notice)
Shareholders are referred to the Calgro circular dated 7 April 2009 wherein the company outlined the intention of Calgro M3 Land (Pty) Ltd ("Calgro M3 Land"), a wholly-owned subsidiary of Calgro, to dispose of 30% of its equity interest in Fleurhof Extension 2 (Pty) Ltd, a wholly-owned subsidiary of Calgro M3 Land, for a total cash consideration of R30 million, and related funding arrangements. As announced on SENS on 23 April 2009, all resolutions relating to the transaction had been passed unanimously by shareholders present and voting, in person or by proxy, at the general meeting held on the same day. Shareholders are hereby advised that all other remaining conditions precedent to the transaction, as detailed in the announcement, have now been fulfilled, resulting in the transaction becoming unconditional.
12 May 2009 10:59:15
(C)
Group revenue for the year-ended February 2009 decreased by 26.41%, from R317 million to R233 million. Whilst this decrease had a material impact on gross profit, which declined by R26 million, the gross profit margin stayed consistent with the previous year. Close monitoring and tight control of the administrative overheads in the last six months of the year contained these to R36.2 million compared with R26.2 million for the first six months and R29.5 million for 2008. This has helped to contain the overall decreases of 82.34% in operating profit and 46.32% in headline earnings per share. No dividends have been declared for the financial year.
08 May 2009 16:02:17
(Official Notice)
The company's earnings per share for the financial year ended 28 February 2009 is expected to be between 79% and 89% lower than those reported for in the previous corresponding period. EPS for the 2009 financial year is also expected to be between 86% and 96% lower than the forecast EPS as set out in the listing prospectus issued on 8 November 2007. Headline earnings per share for the 2009 financial year is expected to be between 41% and 51% lower than that reported for in the previous corresponding period. HEPS for the 2009 financial year is also expected to be between 65% and 75% lower than the forecast HEPS as set out in the listing prospectus issued on 8 November 2007.
23 Apr 2009 17:36:29
(Official Notice)
Shareholders are referred to the Calgro circular dated 7 April 2009 wherein the company outlined the intention of Calgro M3 Land (Pty) Ltd ("Calgro M3 Land"), a wholly-owned subsidiary of Calgro, to dispose of 30% of its equity interest in and cession of its claims against Fleurhof Extension 2 (Pty) Ltd ("Fleurhof"), a wholly-owned subsidiary of Calgro M3 Land, to South Africa Workforce Housing Fund LP for a total cash consideration of R30 million, and related funding arrangements. At a general meeting of shareholders of Calgro held on Thursday, 23 April 2009, all resolutions relating to the transaction were passed unanimously by shareholders present and voting, in person or by proxy, at the general meeting. Shareholders are advised that the only other remaining conditions precedent to the transaction are the receipt by the purchaser of the following:

* a certified copy of the record of decision to be issued to Fleurhof, and the Purchaser's acceptance of the terms and conditions thereof, by the Gauteng Government: Department of Agriculture, Conservation and Environment, in respect of the project as detailed in the circular; and

* the execution of the agreement concluded between Fleurhof and Central Rand Gold South Africa (Proprietary) Limited ("CRG"), in terms of which CRG is entitled to explore, mine and/or extract minerals, metals and/or precious stones on, in and/or from that portion of the land as per agreement.

As and when the outstanding conditions precedent are fulfilled, an announcement

to this effect will be made.
23 Apr 2009 10:01:23
(Official Notice)
Notice is hereby given that the JSE Ltd has granted permission to Calgro M3 Developments (Pty) Ltd to list a note in terms of their debt programme. The note issued will be guaranteed by Calgro M3. Authorised programme size: R300 000 000.00



The debt programme and the pricing supplement can be obtained on the issuer's website: www.calgrom3.com.
14 Apr 2009 16:31:22
(Official Notice)
Shareholders are referred to the announcements released on SENS on 13 March 2009 and 23 March 2009 respectively, detailing, inter alia, the disposal by Calgro M3 Land (Pty) Ltd, a wholly-owned subsidiary of the company, of 30% of its equity interest in and cession of its claims against Fleurhof Extension 2 (Pty) Ltd, a wholly-owned subsidiary of Calgro M3 Land, to South Africa Workforce Housing Fund LP for a total cash consideration of R30 million, and related funding arrangements. Shareholders are hereby advised that a circular, dated 7 April 2009, containing details of the transaction and notice of a general meeting, convened for Thursday, 23 April 2009 at 10:00 at the registered offices of Calgro, Cedarwood House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston, was posted on 7 April 2009.
31 Mar 2009 14:05:47
(Official Notice)
Calgro hereby announces that Cliffe Dekker Hofmeyr Inc have resigned as company secretary to Calgro and Barnard's Inc have been appointed as company secretary with immediate effect.
31 Mar 2009 09:18:30
(Official Notice)
Calgro M3 wishes to advise shareholders that the company's earnings per share for the financial year ended 28 February 2009 is expected to be between 55% and 65% lower than those reported for in the previous corresponding period. EPS for the 2009 financial year is also expected to be between 73% and 83% lower than the forecast EPS as set out in the listing prospectus issued on 8 November 2007. Headline earnings per share for the 2009 financial year is expected to be between 33% and 43% lower than that reported for in the previous corresponding period. HEPS for the 2009 financial year is also expected to be between 60% and 70% lower than the forecast HEPS as set out in the listing prospectus issued on 8 November 2007. Adverse market conditions which has resulted in a change of lending criteria by banks for end users, negatively impacting the building industry as well as a time delay on both the Pennyville and Fleurhof projects, have resulted in a substantial slowing in turnover and a tightening of margins in the affordable housing sector since the second quarter of 2008.
23 Mar 2009 15:57:32
(Official Notice)
Further to the announcement released on SENS on 13 March 2009 , detailing, inter alia, the disposal by Calgro M3 Land (Pty) Ltd, a wholly-owned subsidiary of the company, of 30% of its equity interest in and cession of its claims against Fleurhof Extension 2 (Pty) Ltd, a wholly-owned subsidiary of Calgro M3 Land, to South Africa Workforce Housing Fund LP for a total cash consideration of R30 million.



Withdrawal of Cautionary

Further to the cautionary announcement released on SENS on 27 February 2009 and the announcement, shareholders of Calgro are advised that, in light of the above, the cautionary is herewith withdrawn.
13 Mar 2009 14:29:43
(Official Notice)
Further to the cautionary announcement released on SENS on 27 February 2009, shareholders are hereby advised that Calgro M3 Land (Pty) Ltd, a wholly-owned subsidiary of the company, has entered into a sale of shares agreement dated 26 February 2009 in terms of which Calgro M3 Land will dispose of 30% of its equity interest in and cede its claims against Fleurhof Extension 2 (Pty) Ltd, a wholly-owned subsidiary of Calgro M3 Land, to South Africa workforce Housing Fund LP for a total cash consideration of R30 million.

*In addition, and as a condition precedent of the disposal, a shareholders agreement was concluded between the purchaser, Calgro M3 Land and Fleurhof dated 11 March 2009.



Conditions Precedent

The Transaction is subject to, inter alia, the following conditions precedent

Sale of Shares Agreement :

*Receipt by the purchaser of a certified copy of the record of decision to be issued to Fleurhof, and the Purchaser's acceptance of the terms and conditions thereof, by the Gauteng Government: Department of Agriculture, Conservation and Environment, in respect of the project.

*Receipt by the purchaser of a signed and binding agreement concluded simultaneously with the sale of shares agreement, between Fleurhof and Central Rand Gold South Africa (Pty) Ltd, in terms of which CRG is entitled to explore, mine and/or extract minerals, metals and/or precious stones on, in and/or from that portion of the land as per agreement, same being unconditional with regards to its terms, to the satisfaction of the purchaser.

*All necessary regulatory approvals as well as shareholder approval. In this regard, the company wishes to advise that it has obtained irrevocable undertakings to vote in favour of the transaction, from shareholders holding 76.1% of the issued share capital of Calgro.

*Shareholders agreement - fulfilment of all the conditions precedent contained in the sale of shares agreement by 25 May 2009.



Continuation of cautionary announcement

Shareholders of Calgro are advised to continue exercising caution when dealing in Calgro shares on the JSE until such time as the pro forma financial effects of the transaction have been announced.











27 Feb 2009 16:12:58
(Official Notice)
Shareholders are advised that the company is involved in negotiations which, if successfully concluded, may have a material effect on the company's share price. Shareholders are advised to exercise caution when dealing in the company's shares until a further announcement is made.
02 Feb 2009 16:34:25
(Official Notice)
The chairperson of the board had accepted the resignation of Mr Peter Waweru as CEO of the company with effect from 28 February 2009. Mr Ben Pierre Malherbe (current Chief Operating Officer) will act as CEO of the company until such time as a newly appointed CEO can take up office.
19 Jan 2009 10:01:18
(Official Notice)
Notice was given that the JSE Ltd has granted permission to Calgro's subsidiary, Calgro M3 Developments (Pty) Ltd, to list a note in terms of their debt programme. The note issued will be guaranteed by Calgro. Authorised programme is size: R300 000 000.00 The debt programme and the pricing supplement can be obtained on the issuer's website: www.calgrom3.com.
12 Dec 2008 16:17:11
(Official Notice)
After consultation with the board of the company, the chairperson of the board has accepted the resignation of Peter Waweru as CEO of the company with effect from 28 February 2009.
21 Nov 2008 10:11:11
(Official Notice)
Notice is hereby given that Mrs Noxolo Joyce Maninjwa has been appointed as non-executive director of the company with effect from 18 November 2008. Noxolo is a Fort Hare Alumnus where she obtained a BComm (Hons), in Economics. She possesses several other qualifications including accounting from Unisa and business management from the Milpark Business School. Noxolo has extensive work experience in the public sector where she has held senior positions rising to her current position of Deputy Director General, Gauteng Department of Transport, Works - Roads. She has been CFO of Gauteng Department of Education where she was responsible for compliance to the Public Finance Management Act (PFMA) as well as for strategic financing, leadership and implementing internal controls. Noxolo will also be a member of the audit committee of Calgro.
17 Nov 2008 12:39:31
(Official Notice)
Mrs Elizabeth Mmakgoshi Phetla-Lekhethe and Mr John Gibbons have been appointed as non-executive directors of the company with effect from 6 November 2008.
20 Oct 2008 10:54:34
(Official Notice)
Shareholders are advised that, at the company's general meeting held on Friday, 17 October 2008, all resolutions as set out in the notice of general meeting dated 30 September 2008, were passed by the requisite number of shareholders present and voting, in person or by proxy, at the general meeting.
09 Oct 2008 14:16:12
(Official Notice)
Group revenue for the half year ended August 2008 increased by 28% compared to August 2007, although it decreased by 39% compared with the previous six months to February 2008. Headline earnings increased from August 2007 compared to the previous six months as a result of a Put and Call option gain released by the group in the six months under review. The material increase in liabilities compared with August 2007 is due to the fact that the entity was unlisted at that time and now has a much greater asset and revenue base. No dividends have been declared for this interim period.



Prospects

Management is confident that it has the capability and capacity to handle all its chosen projects particularly through the now proven roll out of the successful Pennyville model. Going forward management remains focused on growing shareholder earnings through delivering of the group strategy.
01 Oct 2008 12:54:51
(Official Notice)
Notice is hereby given that a general meeting of shareholders of the company will be held at 14:00 on Friday, 17 October 2008 at the boardroom, Calgro, Cedarwood House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston, to approve the following ordinary resolutions:

*ordinary resolution number 1: the placing of the remaining authorised but unissued shares of the company under the control of directors; and

*ordinary resolution number 2: a general authority to directors to issue shares for cash, as set out in a notice of general meeting posted to shareholders today.

Irrevocable undertakings from 17 shareholders representing 72.8% of the issued share capital of the company have been obtained to vote in favour of the above resolutions.
22 Sep 2008 16:23:57
(Official Notice)
Calgro advised shareholders that the company's earnings per share ("EPS") and headline earnings per share ("HEPS") for the financial year ending 28 February 2009 ("the 2009 financial year") are expected to be between 5% and 15% greater than those reported for the previous corresponding period and between 35% and 45% lower than the forecast EPS and HEPS for the 2009 financial year as set out in the prospectus issued on 8 November 2007. Sudden and dramatic adverse conditions in the building industry, particularly the upmarket residential building sector, have resulted in a substantial slowing in turnover and a tightening of margins in these sectors since the second quarter of 2007.
29 Aug 2008 17:17:17
(Official Notice)
Shareholders are advised that, at the company?s annual general meeting, Messrs S E Funde and Q E Woods retired from the board of the company with immediate effect.



All resolutions as set out in the notice of annual general meeting, save for resolution numbers 11 and 12 relating to the control of authorized but unissued shares and a general authority for directors to issue shares for cash, were passed by the requisite number of shareholders present and voting, in person or by proxy, at the annual general meeting. The special resolution relating to the repurchase of the company?s shares will be submitted to CIPRO for registration in due course.
25 Aug 2008 09:19:33
(Official Notice)
Shareholders are advised that Calgro will list today a R300 million bond programme on Yield-X, the JSE`s interest rate exchange.
06 Aug 2008 12:22:04
(Official Notice)
The annual financial statements for the year ended 29 February 2008 will be posted on 7 August 2008, and contain no modifications to the audited results published on SENS on Monday, 26 May 2008.



Notice of annual general meeting

Notice was also given that the annual general meeting of shareholders will be held at 14:00 on Friday, 29 August 2008 at the boardroom, Calgro, Cedarwood House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston, to transact business as stated in the notice of the Annual General Meeting posted to shareholders, along with the Annual Report.
11 Jul 2008 16:00:26
(Official Notice)
The board of directors of Calgro hereby announce that Mr Willem Jacobus Lategan has been appointed as FD to Calgro with effect from 1 August 2008. Willem holds a BCom (Hons)/CTA degree and audit diploma and is currently preparing for his final Part 2 Qualifying Exam in order to obtain his CA(SA) qualification. After completing his articles with Mazars (formerly known as Moores Rowland), he was audit manager at ARC Auditors for 2.5 years where his portfolio of audit companies comprised medium and large-sized public companies. As an audit manager, Willem's role was assisting the company with the preparation of the interim and year-end financial results and related audits and compilation of all relevant listing documentation prior to the listing of the company on the Alternative Exchange of the JSE. Willem will be joining Calgro on 1 August 2008 and replaces Mr Craig Daly as Finance Director, which resignation was announced on SENS on 2 July 2008.
11 Jul 2008 15:46:34
(Official Notice)
Shareholders are advised that Calgro has appointed PSG Capital (Pty) Ltd as designated adviser to the company with immediate effect.
02 Jul 2008 17:24:01
(Official Notice)
Craig Daly has resigned as a financial director of Calgro with effect from 1 July 2008.
26 May 2008 07:44:22
(C)
Calgro's maiden results as a listed company showed revenue of R316.7 million for the year-ended 29 February 2008 and operating profit of R47.5 million. Profit attributable to ordinary shareholders amounted to R31.4 million. In addition, the group achieved earnings per share of 30.33c and headline earnings per share of 30.4c, being 10% below forecast headline and earnings per share of 33.8c.



Dividend

No dividend has been declared.



Prospects

The PZR project will be completed during the 2009 year, according to expectations. Fleurhoff is also expected to contribute in the new year. This is expected to deliver positive growth in the business including the achievement of the forecast profits in terms of the prospectus.
05 Feb 2008 15:52:38
(Official Notice)
Calgro M3 is pleased to announce that all guarantees have been issued in respect of the required financing for the purchase of a portion of Farm Olifantsfontein No 410. Shareholders are advised that implementation of this acquisition remains dependant on Competition Commission approval.
04 Feb 2008 10:43:11
(Media Comment)
According to Business Day, Calgro has launched a R1.6bn integrated housing development in Fleurhof, western Johannesburg.
01 Feb 2008 08:45:54
(Official Notice)
The company is pleased to announce that, on 29 January 2008, the acquisition of The Farm Vogelstruisfontein became unconditional.
18-Oct-2017
(X)
Calgro M3 Group is a mixed-use housing developer, established in 1995 in South Africa. The business model focuses on the full range of related disciplines including acquisition of land, town planning, architecture, project management of civil infrastructure, services installation, marketing and construction of homes as well as development of Memorial Parks. The Group operates in terms of its unique turnkey business model and has three operating segments within this model, namely Property Development, Professional Services and Memorial Parks.



The Group?s business strategy supports Government?s proactive drive, which is expressed in the ?Breaking New Ground? initiative aimed at ensuring the formation of sustainable settlements. This is achieved through the integration of various income groups, as well as the provision of socioamenities such as schools and hospitals, within a fully integrated community.



Based on the forecasts prepared by management, the operating cycle for inventory, construction contracts and work in progress is considered to be longer than 12 months. Accordingly, the associated liabilities are classified as current as they are expected to be settled within the same operating cycle as inventory, construction contracts and work in progress.


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