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Trading Statement
STELLAR CAPITAL PARTNERS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/015580/06)
Share code: SCP ISIN: ZAE000198586
(“Stellar” or the “Company”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the Listings Requirements of the
JSE Limited, a company is required to publish a trading
statement as soon as it is satisfied that a reasonable degree of
certainty exists that the financial results for the period to be
reported upon next will differ by at least 20% from those of the
previous corresponding period.
Accordingly, shareholders are advised that a reasonable degree
of certainty exists that Stellar’s results for the six months
ended 31 May 2015 will be within the following estimated ranges:
Expected Reported Reported
Six Six Fifteen
months months months
ended ended ended 30
31 May 28 February November
2015 2014 2014
Change Cents Cents Cents
Net asset value per -9.47% to 170 to
share +10.53% 208 188 192
TOTAL
Headline
earnings/(loss) per +47.53% to (12.54) (16.27)
share +67.53% to (7.76) (23.90)
Earnings/(Loss) per +77.03% to (22.74)
share +97.03% to (2.94) (98.98) (94.12)
CONTINUING
OPERATIONS
Headline
earnings/(loss) per +2.19% to (9.39) to (1.79)
share +22.19% (7.47) (9.60)
Earnings/(Loss) per -2.81% to (9.86) to
share +17.19% (7.94) (9.59) (1.82)
DISCONTINUED
OPERATIONS
Headline
earnings/(loss) per +77.97% to (3.15) to (14.48)
share +97.97% (0.29) (14.30)
Earnings/(Loss) per +85.59% to (12.88) (92.30)
share +105.59% to 5.00 (89.39)
In accordance with the requirements of IFRS 5 ‘Non-current
Assets Held for Sale and Discontinued Operations’, the
comparative prior period statement of comprehensive income and
statement of cash flows have been re-presented for the
disclosures that relate to the operations of Structured
Connectivity Solutions (Pty) Ltd and Chrystalpine Investments 9
(Pty) Ltd, incorporating Andrews Kit (Pty) Ltd, which have been
discontinued and disposed of by the end of the current financial
reporting period.
Shareholders are advised that the offers to acquire 100% of the
issued ordinary shares of Cadiz Holdings Limited and a strategic
minority stake in Torre Industries Limited, as announced by
Stellar on SENS on 19 June 2015 and 6 July 2015 respectively,
have not been incorporated into the expected results presented
herein as those corporate actions will only become unconditional
after the close of the financial reporting period presented.
The financial information included in this trading statement has
not been reviewed or reported on by the Company’s external
auditors.
The Company expects to publish its 31 May 2015 interim results
on SENS on or about Friday, 31 July 2015.
Johannesburg
27 July 2015
Corporate Finance Adviser and Sponsor: Stellar Advisers
Proprietary Limited
Date: 27/07/2015 02:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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