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STA - Stratcorp Limited - Trading Update and Cautionary Announcement

Release Date: 28/05/2012 17:45
Code(s): STA
Wrap Text

STA - Stratcorp Limited - Trading Update and Cautionary Announcement STRATCORP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2000/031842/06) JSE code: STA ISIN: ZAE000034294 ("StratCorp" or "the company") TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT Shareholders are advised that StratCorp is currently finalising its results for the year ended 29 February 2012 and anticipates that the group will reflect a basic loss of between 8.86 and 10.64 cents, and a headline loss of between 10.02 and 12.02 cents per share, compared to a basic loss of 0.94 cents and a headline loss of 0.99 cents per share for the year ended 28 February 2011. The results of the group for the year under review have been affected by inter alia, the losses incurred by the group`s foreign operations, impairment of the property assets, as well as a general decline in revenue, especially in the last six months of the 2012 financial year, as a result of the tight economic conditions that continued to have an impact on the disposable income of the client base of the group. The financial information on which this trading update is based has not been reviewed or reported on by the company`s auditors. The company`s results for the year ended 28 February 2011 are expected to be released on SENS on or about 31 May 2011. Cautionary Announcement Shareholders are advised that StratCorp has entered into negotiations with regard to the disposal of the property assets, which if successfully concluded, may have a material effect on the price of the company`s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company`s securities until a further announcement is made. 28 May 2011 Centurion Designated Adviser Vunani Corporate Finance Date: 28/05/2012 17:45:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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