STELLAR CAPITAL PARTNERS LIMITED - Trading statement and change of measurement criteria for trading statement purposes

Trading statement and change of measurement criteria for trading statement purposes

STELLAR CAPITAL PARTNERS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/015580/06)
Share code: SCP          ISIN: ZAE000198586
(“Stellar Capital” or the “Company”)


TRADING STATEMENT AND CHANGE OF MEASUREMENT CRITERIA FOR TRADING
STATEMENT PURPOSES

TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of the
JSE Limited (“Listings Requirements”), 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.

Stellar Capital is currently finalising its financial results
for the year ended 30 November 2015. In this regard,
shareholders are advised that a reasonable degree of certainty
exists that Stellar Capital’s results for the year ended 30
November 2015 will be within the following ranges:

                                                Expected   Reported
                                                            Fifteen
                                                             months
                                           Year ended 30
                                Change                     ended 30
                                           November 2015
                                                           November
                                                               2014

                                                   Cents      Cents
Net asset            +0.73% to +10.73%        193 to 213        192
value per
share

TOTAL
Headline loss       +53.31% to +73.31%    -7.60 to -4.34    -16.27
per share
Loss per            +76.94% to +96.94%   -21.70 to -2.88    -94.12
share

CONTINUING
OPERATIONS
Headline loss   -172.01% to -152.01%      -4.87 to -4.51     -1.79
per share
Loss per        -424.29% to -404.29%     -9.54 to -9.18      -1.82
share

DISCONTINUED
OPERATIONS
Headline loss      +81.16% to +101.16%    -2.73 to +0.17    -14.48
per share
Loss per           +86.83% to +106.83%   -12.16 to +6.30    -92.30
share

The forecast financial information on which this trading
statement is based has not been reviewed and reported on by the
Company’s auditors.

Stellar Capital expects to publish its provisional audited
condensed financial results for the year ended 30 November 2015
on the Stock Exchange News Service on or about Friday, 26
February 2016.

CHANGE OF MEASUREMENT CRITERIA FOR TRADING STATEMENT PURPOSES

As an investment holding company, the assessment of net asset
value is a key performance measurement for Stellar Capital. In
accordance   with    paragraph   3.4(b)(v)   of  the   Listings
Requirements, shareholders are advised that the board of
directors of the Company has resolved to adopt net asset value
per share ("NAVPS") for trading statement purposes for the
forthcoming year ending 30 November 2016 and going forward. The
Company undertakes to confirm this measurement criterion
annually in the annual financial statements.




Cape Town
11 February 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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