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Trading Statement for the six months ended 30 September 2013
Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
Share code: SEP
ISIN: ZAE000138459
("Sephaku Holdings" or "the Company" or “the Group”)
Trading Statement for the six months ended 30 September 2013
In terms of the Listings Requirements of the JSE, a company is required to publish a trading
statement as soon as the company is satisfied, with a reasonable degree of certainty, that the
financial results for the period to be reported upon next will differ by at least 20% or more from
those of the corresponding reporting period of the previous year ("comparative period").
The estimates in respect of the reporting period ended 30 September 2013, on which the trading
statement is based, will not be reviewed, audited and reported on by the Group's auditors and the
following trading statement is therefore based on the information available at the time of this
announcement.
The Board therefore advises shareholders of Sephaku Holdings that:
- Earnings per share (“EPS”) is expected to be between 8.84 cents and 9.18 cents higher than
that reported in the comparative period, which will result in anticipated EPS of between 3.15
cents and 3.49 cents (2012: (5.69) cents).
- Headline earnings per share ("HEPS") is expected to be between 8.33 cents and 8.61 cents
higher than that reported for the comparative period, which will result in anticipated HEPS
of between 2.64 cents and 2.92 cents (2012: (5.69) cents);
- Net asset value per share (“NAVPS”) is expected to be between 9.52 cents and 23.46 cents
higher than that reported for the comparative period, which will result in anticipated NAVPS
of between 396.22 cents and 410.16 cents (2012: 386.70 cents).
The increase in earnings is mainly attributable to the consolidation of the full financial results of the
recently acquired Métier Mixed Concrete (Pty) Ltd (“Métier”). Métier attained a R24.5 million profit
after taxation and a revenue of R302 million for the six months ended 30 September 2013. As a
result of the acquisition of Métier during 2013, the focus of the Group has changed from mining
exploration and development to building and construction materials sales.
Shareholders are referred to the announcement released on SENS on 28 August 2009 wherein the
Company disclosed that it had adopted the NAVPS measure for trading statements. As such, the
NAVPS measure for trading statement purposes is no longer considered to be a more relevant
yardstick of the performance of the Group than earnings per share and headline earnings per share.
Going forward, the Company will therefore adopt the earnings per share and headline earnings per
share measure for trading statements.
The results for the interim period ended 30 September 2013 will be published on 20 November
2013.
4 November 2013
Pretoria
__________________________________________________________________________________
For more information contact:
Sakhile Ndlovu Investor Relations Sephaku Holdings 012 622 9439
Sponsor to Sephaku Holdings – Quest Co (Pty) Ltd
www.sephakuholdings.co.za
About Sephaku Holdings Ltd
Sephaku Holdings is a construction materials company with a portfolio of investments in the cement sector in South Africa. The
Company’s core investments are a 36% stake in Sephaku Cement (Pty) Ltd and 100% of recently acquired Metier Mixed Concrete (Pty)
Ltd. The strategy of Sephaku Holdings is to generate growth and realise value for shareholders through the production of cement and
ready mixed concrete in Southern Africa.
Date: 04/11/2013 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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