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Trading Statement
Master Drilling Group Limited
(Formerly Nicaud Companies 124 (Pty) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI ISIN: ZAE000171948
(“Master Drilling” or the “Company”)
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited relating
to Trading Statements, a listed company is required to publish a
trading statement as soon as it becomes reasonably aware that the
financial results for the next period to be reported on will
differ by at least 20% from those of the previous corresponding
period.
Shareholders are advised that the Company’s earnings per share
(“EPS “) and headline earnings per share (“HEPS”) for the six
months ending 30 June 2013 are expected to be between 75% and 95%
higher than that of the previous corresponding period as reported
in ZAR. The EPS and HEPS for 2012 were respectively 50.6 ZAR cents
and 50.3 ZAR cents.
Shareholders are advised that the Company’s earnings per share
(“EPS “) and headline earnings per share (“HEPS”) for the six
months ending 30 June 2013 are expected to be between 45% and 65%
higher than that of the previous corresponding period as reported
in US Dollars. The EPS and HEPS for 2012 were respectively 6.4 US
cents and 6.3 US cents.
In the first half of the 2012 reporting period, Master Drilling
had only 1000 ordinary shares in issue. During the restructuring
and listing of the Master Drilling additional shares were issued
during the second half of 2012.
Master Drilling currently has 148 265 491 ordinary shares in issue
as at 26 June 2013. The number of shares in issue will be at least
this number at 30 June 2013. The EPS and HEPS numbers are
therefore not comparable. Based on this the EPS and HEPS figures
were calculated using the total ordinary shares currently in
issue.
The main reason for the earnings increase is as a result of better
utilisation of idle equipment. This was achieved by redeploying
idle equipment from South Africa into Latin America on the back of
deteriorating Platinum Mining market conditions in South Africa.
The financial information on which this trading statement is based
has not been reviewed or reported upon by the Company’s auditors.
Fochville
25 June 2013
Sponsor
Sasfin Capital
A Division of Sasfin Bank Limited
Date: 25/06/2013 04:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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